Morgan Stanley maintains overweight recommendation from JPMorgan Chase (JPM)

Fintel reports that on May 23, 2023, Morgan Stanley maintained coverage of JPMorgan Chase (NYSE:JPM) with a Overweight recommendation.

Analysts’ price forecast suggests an 18.71% rise

As of May 11, 2023, the 1-year average price target for JPMorgan Chase was 163.85. The forecast ranges from a low of 141.40 to a high of $205.80. The average price target represents an increase of 18.71% from its last published closing price of 138.03.

Check out our ranking of companies with the biggest upward price target.

JPMorgan Chase’s projected annual revenue is 142,687 million, an increase of 10.50%. Projected annual non-GAAP EPS is 13.00.

What is fund sentiment?

There are 5074 funds or institutions reporting positions in JPMorgan Chase. This is an increase of 44 owners or 0.87% in the last quarter. Average portfolio weight of all funds dedicated to JPM is 1.10%, an increase of 5.45%. The total number of shares held by institutions has decreased by 0.24% over the past three months to 2,349,170,000 shares. JPM’s put/call ratio is 1.11, indicating a bearish outlook.

What are the other shareholders doing?

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares owns 89,158,000 shares representing 3.05% ownership of the company. In its previous filing, the company said it held 87,487,000 shares, representing a raise of 1.87%. The company increase its portfolio allocation in JPM of 20.77% over the last quarter.

VFINX – Vanguard 500 Index Fund Investor Shares owns 67,807,000 shares representing 2.32% ownership of the company. In its previous filing, the company stated that it holds 66,478,000 shares, representing a raise of 1.96%. The company increase its portfolio allocation in JPM of 20.58% over the last quarter.

Bank Of America holds 61,814,000 shares representing 2.12% ownership of the company. In its previous filing, the company said it held 55,563,000 shares, representing a raise of 10.11%. The company decreases its portfolio allocation in JPM by 2.52% over the last quarter.

Ofi Invest Asset Management holds 56,046K shares representing 1.92% ownership of the company.

Geode Capital Management holds 52,310,000 shares representing 1.79% ownership of the company. In its previous filing, the company said it held 51,249,000 shares, representing a raise of 2.03%. The company decreases its portfolio allocation in JPM of 8.26% over the last quarter.

General information about JPMorgan Chase
(This description is provided by the company.)

JPMorgan Chase & Co. is a leading global financial services company with assets of $3.4 trillion and operations worldwide. The company is a leader in investment banking, personal and small business financial services, commercial banking, financial transaction processing and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of customers in the United States and many of the world’s largest corporations, institutions and governments under its JP Morgan and Chase brands.

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This story originally appeared on Fintel.

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