JPMorgan

Oppenheimer analyst Chris Kotowski maintains JPMorgan Chase (NYSE:JPM) with a Outperform and lowers the price target from $238 to $219.

By Liz Moyer JPMorgan Chase said Tuesday it would hike its quarterly dividend by 9.5%, its second raise in the past year after notching a record profit for 2023. The bank said its board approved a quarterly dividend of $1.15 a share, up from $1.05 a share. JPMorgan last raised its dividend in October, to $1.05 a share from $1. The company reported net income of $49.5 billion for last year. The announcement arrived on a day when JPMorgan’s stock hit a record high. It also comes as banks push back against proposals to increase the amount of capital they need to hold in case of an economic downturn. JPMorgan CEO Jamie Dimon testified to the Senate Banking Committee in December the proposed increase to capital requirements would have a harmful ripple effect on the economy. The Federal Reserve will publish the results of its annual stress test on the

RBC Capital analyst Gerard Cassidy reiterates JPMorgan Chase with a Outperform and maintains $185 price target.

Piper Sandler analyst Scott Siefers maintains JPMorgan Chase with a Overweight and raises the price target from $200 to $210.

JP Morgan Chase & Co. (NYSE:JPM) is set to partner with France’s Cartes Bancaires CB, with plans to grant merchant clients access to the French payment network by the conclusion of 2024. On February 15, 2024, J.P. Morgan received the license to be the inaugural U.S. bank as a principal member of Cartes Bancaires CB. The development will enhance the payment network’s competitive position against U.S. giants Visa Inc. (NYSE:V) and Mastercard Incorporated (NYSE:MA), Bloomberg reported. Ludovic Houri, co-head of EMEA Payments & Commerce Solutions at JP Morgan, said, “Membership of Cartes Bancaires CB will help us take this to a whole new level in Europe and France in particular.” JP Morgan’s EMEA Payments business now processes over $1 trillion of payments daily and supports merchants acquiring over 1,500 active European clients. The company has a long history in France, currently employing approximately 900 people. JP Morgan has been garnering investor attention of late, for

JPMorgan Chase & Co. (NYSE: JPM) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/01/2024 — Goldman Sachs Maintains Buy 01/30/2024 36.78% Oppenheimer $232 → $238 Maintains Outperform 01/30/2024 27.01% Morgan Stanley $191 → $221 Maintains Overweight 01/16/2024 33.33% Oppenheimer $234 → $232 Maintains Outperform 01/16/2024 14.94% Piper Sandler $190 → $200 Maintains Overweight 01/16/2024 11.49% BMO Capital $192 → $194 Maintains Market Perform 01/09/2024 9.2% Deutsche Bank $140 → $190 Upgrades Hold → Buy 01/04/2024 8.05% B of A Securities $177 → $188 Maintains Buy 01/02/2024 21.84% Barclays $186 → $212 Maintains Overweight 12/18/2023 — Daiwa Capital Upgrades Outperform → Buy 11/16/2023 39.66% Oppenheimer $233 → $243 Maintains Outperform 10/16/2023 -2.3% Piper Sandler $168 → $170 Maintains Overweight 10/16/2023 -1.72% BMO Capital $167 → $171 Maintains Market Perform 10/16/2023 33.91% Oppenheimer $215 → $233 Maintains Outperform 10/16/2023 9.77% Morgan Stanley $187

JPMorgan Chase & Co. (NYSE: JPM) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/30/2024 35.27% Oppenheimer $232 → $238 Maintains Outperform 01/30/2024 25.61% Morgan Stanley $191 → $221 Maintains Overweight 01/16/2024 31.86% Oppenheimer $234 → $232 Maintains Outperform 01/16/2024 13.68% Piper Sandler $190 → $200 Maintains Overweight 01/16/2024 10.26% BMO Capital $192 → $194 Maintains Market Perform 01/09/2024 7.99% Deutsche Bank $140 → $190 Upgrades Hold → Buy 01/04/2024 6.85% B of A Securities $177 → $188 Maintains Buy 01/02/2024 20.5% Barclays $186 → $212 Maintains Overweight 12/18/2023 — Daiwa Capital Upgrades Outperform → Buy 11/16/2023 38.12% Oppenheimer $233 → $243 Maintains Outperform 10/16/2023 -3.38% Piper Sandler $168 → $170 Maintains Overweight 10/16/2023 -2.81% BMO Capital $167 → $171 Maintains Market Perform 10/16/2023 32.43% Oppenheimer $215 → $233 Maintains Outperform 10/16/2023 8.56% Morgan Stanley $187 → $191 Maintains Overweight 10/03/2023 6.29%

JPMorgan Chase & Co. (NYSE: JPM) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/30/2024 28.06% Morgan Stanley $191 → $221 Maintains Overweight 01/16/2024 34.43% Oppenheimer $234 → $232 Maintains Outperform 01/16/2024 15.89% Piper Sandler $190 → $200 Maintains Overweight 01/16/2024 12.41% BMO Capital $192 → $194 Maintains Market Perform 01/09/2024 10.09% Deutsche Bank $140 → $190 Upgrades Hold → Buy 01/04/2024 8.93% B of A Securities $177 → $188 Maintains Buy 01/02/2024 22.84% Barclays $186 → $212 Maintains Overweight 12/18/2023 — Daiwa Capital Upgrades Outperform → Buy 11/16/2023 40.8% Oppenheimer $233 → $243 Maintains Outperform 10/16/2023 -1.49% Piper Sandler $168 → $170 Maintains Overweight 10/16/2023 -0.92% BMO Capital $167 → $171 Maintains Market Perform 10/16/2023 35.01% Oppenheimer $215 → $233 Maintains Outperform 10/16/2023 10.67% Morgan Stanley $187 → $191 Maintains Overweight 10/03/2023 8.36% Morgan Stanley $179 → $187 Maintains Overweight 09/26/2023

JPMorgan Chase is seeing a surge in attempts to hack into its systems as cybercrime turns into a top concern among banks, says Mary Callahan Erdoes, head of JPMorgan Chase’s Asset & Wealth Management. Hacking attempts have doubled compared with last year to about 45 billion a day, Erdoes says at a panel discussion at the World Economics Forum in Davos, Switzerland. “Fraudsters get smarter, savvier, quicker,” she says. JPMorgan invests $15 billion in technology every year, Erdoes says, adding that the bank employs more engineers than Google or Amazon.

JPMorgan Chase & Co. (NYSE: JPM) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/16/2024 15.9% BMO Capital $192 → $194 Maintains Market Perform 01/09/2024 13.51% Deutsche Bank $140 → $190 Upgrades Hold → Buy 01/04/2024 12.32% B of A Securities $177 → $188 Maintains Buy 01/02/2024 26.66% Barclays $186 → $212 Maintains Overweight 12/18/2023 — Daiwa Capital Upgrades Outperform → Buy 11/16/2023 45.18% Oppenheimer $233 → $243 Maintains Outperform 10/16/2023 1.57% Piper Sandler $168 → $170 Maintains Overweight 10/16/2023 2.16% BMO Capital $167 → $171 Maintains Market Perform 10/16/2023 39.2% Oppenheimer $215 → $233 Maintains Outperform 10/16/2023 14.11% Morgan Stanley $187 → $191 Maintains Overweight 10/03/2023 11.72% Morgan Stanley $179 → $187 Maintains Overweight 09/26/2023 28.45% Oppenheimer $219 → $215 Maintains Outperform 09/12/2023 -5.6% RBC Capital → $158 Reiterates Outperform → Outperform 09/12/2023 6.94% Morgan Stanley $173 → $179 Maintains Overweight

JPMorgan Chase & Co (NYSE:JPM) reported earnings Friday morning, beating EPS estimates and trading higher before giving up those gains later in the session. But according to the firm’s CFO, Jeremy Barnum, consumer resiliency is high. What Happened: “The consumer is fine,” Barnum said during the bank’s fourth-quarter (Q4) earnings call. Some economists have worried that high interest rates will cause a downturn in spending and economic growth. But the data shows otherwise. “All of the relevant metrics are now effectively normalized,” he added. Barnum does point out, however, that consumers have been spending more money than they’re bringing in, creating potential problems down the road. But Barnum also said that he expects the labor market to remain strong, which would keep consumer credit elevated. JPMorgan Chase CEO Jamie Dimon had slightly less dovish comments on the overall economy, insisting consumers may run into stickier inflation and higher interest rates for longer than what