- Susan Roth Katzke of Credit Suisse recently released a report with a $126 price target on JPMorgan Chase & Co. (NYSE: JPM). These are the details.
Susan Roth Katzke of Credit Suisse recently released a report with a $126 price target on JPMorgan Chase & Co. (NYSE: JPM). Katzke also maintained a “Buy” rating on the stock. This represents an upside of more than 24%.
Credit Suisse is not the only financial firm to increase the price target of JPMorgan recently. BMO Capital Markets increased the price target from $117 to $119 earlier this week. Late last month, Independent Research GmbH increased its price target from $100 to $110 and RBC Capital increased its price target from $99 to $110. Deutsche Bank also recently increased the price target from $105 to $115.
JPMorgan has been one of the best performing big banks over the last few decades. The company was able to navigate through the Great Recession of 2008 and the current recession. And when the company released its third-quarter earnings, it reported $9.4 billion in net income and generated $29.9 billion in revenue. The net income for the company more than doubled compared to the second quarter.
While the JPM stock price is down 28.05% for the year-to-date, it is up 58.93% over the last 5 years.
Disclosure: I have a small position of JPM in my stock portfolio