Stacey Friedman, General Counsel at JPMorgan Chase & Co. (NYSE:JPM), recently executed a sale of company stock valued at approximately $838,778. According to the SEC filing, Friedman sold 3,303 shares of common stock at an average price of $253.94 per share on January 16, 2025. Following this transaction, Friedman holds 47,620 shares directly. Additionally, she maintains indirect ownership of 59,122 shares through a GRAT and 6,012 shares through a trust. Trading at a P/E ratio of 12.8, InvestingPro analysis suggests JPMorgan is currently fairly valued, with additional insights available in the comprehensive Pro Research Report, which covers this prominent banking institution among 1,400+ top US stocks.
In other recent news, JPMorgan Chase & Co. has seen a flurry of analyst updates following robust fourth-quarter earnings. RBC Capital Markets upgraded its price target for JPMorgan to $260, citing a higher noninterest income and net interest income, and a lower-than-anticipated provision for credit losses. Meanwhile, Keefe, Bruyette & Woods maintained its Market Perform rating, concurrently announcing Jennifer Piepszak as the new Chief Operating Officer. Truist Securities raised the bank's price target from $260 to $268, reflecting an anticipated rise in earnings per share due to expected higher revenues and share buybacks.
UBS also increased their price target for JPMorgan shares to $287, reaffirming its Buy rating. The firm highlighted JPMorgan's consistent ability to exceed expectations, noting a "beat and raise" pattern has become the norm for the financial institution. The projections by UBS suggest that JPMorgan could achieve a return on tangible common equity of 19% in 2025 and 18% in 2026.
These are recent developments, reflecting the bank's performance and outlook amidst the evolving economic landscape. The bank's net interest income exceeded forecasts for the quarter, and the guidance for net interest income was about $1 billion higher than anticipated. The bank's capital levels were highlighted as particularly strong, with a Common Equity Tier 1 (CET1) ratio of 15.7%, significantly above the required 12.3%.
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