JPMorgan Chase & Co. holds a Moderate Buy rating among analysts, but top-rated analysts recommend five other stocks as better investments. Recent insider activity includes significant share sales by CEO Troy L. Rohrbaugh and COO Jennifer Piepszak, with a total of 76,848 shares sold last quarter. Analysts have varied target prices, with UBS raising theirs to $287, while the consensus target price stands at $252.89.
JPMorgan Chase & Co. reported a quarterly EPS of $4.81, surpassing estimates, with a revenue of $42.77 billion, up 10.9% year-over-year. The firm increased its quarterly dividend to $1.40, reflecting a yield of 2.28%. Insider selling included CEO Troy L. Rohrbaugh offloading 37,500 shares valued at over $10 million.
JPMorgan Chase & Co. reported a quarterly EPS of $4.81, exceeding estimates, with revenue of $42.77 billion, a 10.9% year-over-year increase. The company raised its quarterly dividend to $1.40 per share, reflecting a 2.28% yield. Insider selling was noted, with significant shares sold by executives.
jpmorgan chase co dividend increase and earnings beat expectations
MarketBeat highlights five stocks recommended by top analysts as better buys than JPMorgan Chase & Co., which holds a Moderate Buy rating. The bank recently reported $4.81 earnings per share, exceeding estimates, and announced a dividend increase to $1.40, reflecting a 2.28% yield.
circle moves forward with ipo plans amid evolving crypto landscape
Circle is preparing for its IPO with the assistance of JP Morgan Chase and Citi, aiming to file paperwork by late April. This marks the company's third attempt to go public, following a failed SPAC merger in 2021 and a confidential filing in 2024. With a more favorable regulatory environment, Circle seeks to enhance its credibility and attract new investors while navigating potential market challenges. Additionally, Circle has launched USDCKit, a developer tool designed to simplify USDC integration for payment companies, enhancing transaction efficiency across platforms.
goldman sachs downgrades genuine parts to sell with reduced price target
Goldman Sachs has downgraded Genuine Parts Company from Neutral to Sell, lowering its price target from $133 to $114, citing weaker market positioning compared to competitors and underperformance in its NAPA and European Automotive businesses. Despite a mixed Q4 2024 earnings report, the firm remains skeptical about the company's projected recovery for FY25, highlighting potential downside risks amid challenging market conditions. Genuine Parts is also facing increased leverage due to acquisition activities, prompting S&P Global Ratings to revise its credit outlook to negative.
mobilizing capital for development finance insights and market observations
J.P. Morgan's Development Finance Institution has released material highlighting market developments, emphasizing that it is not a research report and does not constitute investment advice. The information is for general client use, and J.P. Morgan disclaims liability for any inaccuracies or reliance on the content. All transactions mentioned are illustrative, and the material is confidential and proprietary.
circle internet financial moves towards ipo with jp morgan and citi
Circle Internet Financial, the issuer of USD Coin (USDC), is preparing for an IPO with JP Morgan and Citi as underwriters, aiming to file documents by late April. This move highlights the growing institutional interest in stablecoins, despite previous challenges, including a failed SPAC merger and market volatility. With USDC's market cap reaching $60 billion, the IPO could be the largest crypto-related offering since Coinbase, coinciding with a rebound in the IPO market and supportive legislative developments.
ubs analyst moves to jpmorgan amid concerns over strongroom ai capital call
UBS's industrials analyst is transitioning to JPMorgan. Sources indicate that the EVP might have been wiser to postpone the capital call until there was clearer insight into the recoverability of StrongRoom AI.
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