JPMorgan Chase & Co. (NYSE:JPM) will release earnings results for its third quarter, before the opening bell on Friday, Oct. 11.
Analysts expect the New York-based company to report quarterly earnings at $4.01 per share, down from $4.33 per share in the year-ago period. JPMorgan is projected to report revenue of $41.66 billion, up from $39.64 billion a year earlier, according to data from Benzinga Pro.
JPMorgan Chase's J.P. Morgan Asset Management penned a deal to enhance its Morgan Money offering through a strategic partnership with GLMX, a global money market trading platform.
JPMorgan shares gained 1.3% to close at $213.42 on Wednesday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.
- Oppenheimer analyst Chris Kotowski maintained an Outperform rating and raised the price target from $221 to $234 on Oct. 2. This analyst has an accuracy rate of 85%.
- Deutsche Bank analyst Matt O'Connor downgraded the stock from Buy to Hold with a price target of $235 on Sept. 3. This analyst has an accuracy rate of 63%.
- Evercore ISI Group analyst Glenn Schorr maintained an Outperform rating and raised the price target from $210 to $211 on July 15. This analyst has an accuracy rate of 67%.
- Citigroup analyst Keith Horowitz maintained a Neutral rating and raised the price target from $205 to $215 on July 15. This analyst has an accuracy rate of 78%.
- Wells Fargo analyst Mike Mayo maintained an Overweight rating and raised the price target from $220 to $225 on July 15. This analyst has an accuracy rate of 64%.
Considering buying JPM stock? Here's what analysts think:
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