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JPMorgan Chase Stock: Analysts’ Expectations

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Jan. 11 2019, Updated 7:30 a.m. ET

Analysts’ recommendations

Most of the analysts providing recommendations on JPMorgan Chase (JPM) stock maintained a positive outlook. Among the 30 analysts, 15 recommended a “buy,” 14 recommended a “hold,” and one recommended a “sell.”

Analysts have a consensus target price of $116.65 per share on JPMorgan Chase stock, which implies an upside potential of 16.2% based on the closing price of $100.40 on January 9. JPMorgan Chase is expected to report improved fourth-quarter results due to the higher net interest income. The higher spread and increased loans and deposits are expected to drive the top line. Expense management, the lower effective tax rate, and share repurchases should cushion the bottom line.

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Analysts maintained a “buy” rating

Most of the analysts recommended a “buy” on large US banks (XLF). Among the 29 analysts covering Citigroup (C), 22 recommended a “buy,” six recommended a “hold,” and one recommended a “sell.” Analysts have a consensus target price of $76.96 per share on Citigroup, which implies an upside of 36.5%.

For Bank of America (BAC), 21 analysts recommended a “buy,” while nine analysts recommended a “hold.” Analysts have a consensus target price of $31.96 per share, which implies an upside potential of 24.1%. For Wells Fargo (WFC), 17 analysts recommended a “buy,” while ten analysts recommended a “hold.” Analysts’ consensus target price of $58.63 reflects an upside of 22.7%.

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