RBC Capital Keeps a Buy Rating on JP Morgan Chase

By Jason Carr

In a report issued on November 13, Matt Barasch from RBC Capital reiterated a Buy rating on JP Morgan Chase (NYSE: JPM), with a price target of $105. The company’s shares closed yesterday at $97.27.

According to TipRanks.com, Barasch is a 4-star analyst with an average return of 5.4% and a 72.0% success rate. Barasch covers the Financial sector, focusing on stocks such as American International Group, Colliers International Group, and FirstService Corporation.

JP Morgan Chase has an analyst consensus of Moderate Buy, with a price target consensus of $101.67.

Based on JP Morgan Chase’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $28.69 billion and quarterly net profit of $6.67 billion. In comparison, last year the company earned revenue of $26.14 billion and had a net profit of $6.16 billion.

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