Douglas B. Petno, Co-CEO of the Company & Funding Financial institution at JPMorgan Chase & Co. (NYSE:JPM), lately offered a portion of his holdings within the firm. In accordance with a current SEC submitting, Petno offered 3,491 shares of frequent inventory at a mean worth of $253.96 per share, amounting to a complete transaction worth of $886,565. Following this sale, Petno retains direct possession of 338,935 shares. Moreover, he holds 35,538 shares not directly via household trusts and 50,488 shares via Grantor Retained Annuity Trusts (GRATs). With JPMorgan’s market capitalization at $712.8 billion and a P/E ratio of 12.8, the inventory stays a major participant within the banking sector. For deeper insights into JPM’s valuation metrics and 10+ further ProTips, go to InvestingPro, the place you may discover complete analysis studies and knowledgeable evaluation.
In different current information, JPMorgan Chase & Co. has been garnering consideration from a number of monetary corporations. RBC Capital Markets upgraded JPMorgan’s inventory goal to $260, citing spectacular fourth-quarter earnings and strong capital ranges. Keefe, Bruyette & Woods maintained a Market Carry out ranking, coinciding with the appointment of Jennifer Piepszak as the brand new Chief Working Officer. Truist Securities additionally up to date its monetary outlook for JPMorgan, growing the financial institution’s worth goal from $260.00 to $268.00 as a result of an anticipated rise in earnings per share.
UBS reaffirmed its Purchase ranking on the inventory and elevated their worth goal for JPMorgan shares to $287, highlighting the financial institution’s constant means to exceed expectations. These developments mirror the financial institution’s current earnings report, which surpassed analyst expectations by way of income and internet curiosity revenue.
The revised earnings per share estimates for the years 2025 and 2026 by RBC Capital, together with the value goal changes by different corporations, point out an optimistic outlook for JPMorgan’s monetary efficiency. These are current developments, reflecting the financial institution’s efficiency and outlook amidst the evolving financial panorama.
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