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What Analysts Recommend for JPM

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Analyst ratings

In May 2017, 16 of the 29 analysts covering JPMorgan Chase (JPM) rated the stock as a “buy” or “strong buy” as compared to 15 analysts in April 2017 and 18 analysts in January 2017. 12 analysts have rated it as a “hold,” and one has rated it as a “sell.”

JPM’s one-year mean price target is now $94.17 per share, implying an 8.6% rise from its current level as compared to 31% growth in 2016.

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Industry-wide expectations

For Bank of America (BAC), JPM’s major competitor, 23 of the 31 analysts covering its stock have given it “buy” or “strong buy” ratings as compared to 24 out of 31 analysts in the previous month. Seven analysts have rated the company as a “hold,” and one analyst rates it as a “sell” as compared to six analysts rating it as a “hold” in the previous month.

For Citigroup (C), 18 of the 29 analysts have given it “buy” or “strong buy” ratings as compared to 17 out of 29 analysts in the previous month. Eight analysts have given it a “hold,” while three analysts have given it “underperform” or “sell” ratings.

For Wells Fargo (WFC), 13 of the 31 analysts covering the stock have given it “buy” or “strong buy” ratings, while 12 analysts have given it “hold” ratings, and six analysts have given it “underperform” or “sell” ratings.

Together, JPM’s peers account for 27.0% of the Financial Select Sector SPDR ETF (XLF).

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