JPMorgan Chase (JPM) Gets a Buy from Barclays

In a report released today, Jason Goldberg from Barclays maintained a Buy rating on JPMorgan Chase, with a price target of $330.00. The company’s shares closed yesterday at $304.03.

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Goldberg covers the Financial sector, focusing on stocks such as Huntington Bancshares, PNC Financial, and Bank of America. According to TipRanks, Goldberg has an average return of 15.6% and a 67.48% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for JPMorgan Chase with a $330.00 average price target, implying an 8.54% upside from current levels. In a report released on October 7, UBS also maintained a Buy rating on the stock with a $350.00 price target.

Based on JPMorgan Chase’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $69.94 billion and a net profit of $14.99 billion. In comparison, last year the company earned a revenue of $67.84 billion and had a net profit of $18.15 billion

Based on the recent corporate insider activity of 93 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of JPM in relation to earlier this year.