Ashley Bacon, Chief Risk Officer at JPMorgan Chase & Co. (NYSE:JPM), recently sold 7,122 shares of the company's common stock, according to a filing with the Securities and Exchange Commission. The shares were sold at an average price of $253.94 per share, amounting to a total transaction value of approximately $1.81 million. Following this transaction, Bacon holds 219,388 shares of JPMorgan Chase directly. With a market capitalization of $712.8 billion and a P/E ratio of 12.8, JPMorgan maintains its position as a leading financial institution. InvestingPro subscribers can access detailed insider trading patterns and 10+ additional exclusive insights about JPM's financial health and market position.
In other recent news, JPMorgan Chase & Co. has experienced several changes. RBC Capital Markets upgraded JPMorgan's stock target to $260 from $248, following strong Q4 earnings that exceeded expectations. This was due to higher noninterest income and net interest income, coupled with a lower-than-anticipated provision for credit losses. JPMorgan's CET1 ratio was notably strong at 15.7%, significantly above the required 12.3%.
Additionally, the bank's EPS estimates for 2025 and 2026 were revised to $17.91 and $19.25 respectively, up from earlier projections. In other analyst actions, Keefe, Bruyette & Woods maintained its Market Perform rating for JPMorgan, coinciding with the appointment of Jennifer Piepszak as the new Chief Operating Officer. Truist Securities increased JPMorgan's price target from $260.00 to $268.00 due to an anticipated rise in EPS for the coming years, driven by expected higher revenues and share buybacks.
Lastly, UBS raised their price target for JPMorgan to $287 from $276, reaffirming its Buy rating on the stock. They highlighted JPMorgan's consistent ability to exceed expectations, suggesting that the bank could achieve a return on tangible common equity of 19% in 2025 and 18% in 2026. These are the recent developments for JPMorgan Chase & Co.
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