- JPMorgan's credit card delinquency rate remains steady while net charge-offs decline.
- Analysts forecast a slight downside in JPMorgan's stock price over the next year.
- JPMorgan holds an "Outperform" rating from consensus recommendations.
JPMorgan Chase & Co. (NYSE: JPM) recently reported that its credit card trust delinquency rate held steady at 0.89% in April, mirroring the rate in March; however, this marks an increase from 0.81% compared to the same time last year. In a positive turn, the net charge-off rate decreased to 1.67%, down from 1.85% in March, reflecting a continued reduction compared to pre-pandemic levels.
Wall Street Analysts' Forecast
With insights from 23 analysts, the average one-year price target for JPMorgan Chase & Co. (JPM, Financial) is projected at $262.96. This target represents a high estimate of $330.00 and a low estimate of $196.34, suggesting a potential downside of 1.01% from the current trading price of $265.64. Investors seeking detailed forecast data can explore further on the JPMorgan Chase & Co (JPM) Forecast page.
Brokerage Recommendations
JPMorgan Chase & Co. (JPM, Financial) holds a consensus recommendation of 2.3 from 26 brokerage firms, signifying an "Outperform" rating. This rating scale assigns a score from 1 to 5, with 1 indicating a Strong Buy and 5 a Sell. This reflects positive sentiment around JPMorgan's current and future performance.
GF Value Estimate
GuruFocus's projections suggest the GF Value of JPMorgan Chase & Co. (JPM, Financial) over the next year will be approximately $211.36, indicating a potential downside of 20.43% from the current price of $265.64. The GF Value represents GuruFocus's fair value estimate based on historical trading multiples, prior growth metrics, and future performance predictions. Investors can delve into more comprehensive data on the JPMorgan Chase & Co (JPM) Summary page.
