UBS Maintains a 'Buy' on JPMorgan (JPM); Regaining its Stride
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Price: $53.02 +1.40%
Rating Summary:
13 Buy, 6 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Rating Summary:
13 Buy, 6 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Trade JPM Now!
UBS maintains a 'Buy' on JPMorgan (NYSE: JPM) price target of $46.00.
Analyst, Brennan Hawken, said the company is regaining its stride. In the wake of the London Whale debacle, JPM has recently announced it would close down its CEO Synthetic group and CIO risk manager Irvin Goldman resigned. JPM also restated Q1 earnings, reported Q2 earnings on stronger than expected revenues. CEO, Jamie Dimon, said the company significantly reduced the total synthetic credit risk in CIO and he hopes to resume stock buybacks by the fourth quarter.
For an analyst ratings summary and ratings history on JPMorgan click here. For more ratings news on JPMorgan click here.
Shares of JPMorgan closed at $36.07 yesterday, with a 52 week range of $27.85-$46.49.
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Analyst, Brennan Hawken, said the company is regaining its stride. In the wake of the London Whale debacle, JPM has recently announced it would close down its CEO Synthetic group and CIO risk manager Irvin Goldman resigned. JPM also restated Q1 earnings, reported Q2 earnings on stronger than expected revenues. CEO, Jamie Dimon, said the company significantly reduced the total synthetic credit risk in CIO and he hopes to resume stock buybacks by the fourth quarter.
For an analyst ratings summary and ratings history on JPMorgan click here. For more ratings news on JPMorgan click here.
Shares of JPMorgan closed at $36.07 yesterday, with a 52 week range of $27.85-$46.49.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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UBS, JPMorgan, Jamie Dimon, Earnings
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