JPMorgan (JPM, Financial) plans to introduce fees for fintech companies seeking access to their customers' banking information. These charges will vary based on how the data is utilized by each company. While the exact fee structures have not been disclosed, it is anticipated that these costs may eventually be transferred from data aggregators to the fintech firms themselves and potentially to their end customers. The implementation of these fees is expected to begin later this year.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 23 analysts, the average target price for JPMorgan Chase & Co (JPM, Financial) is $293.00 with a high estimate of $336.00 and a low estimate of $196.34. The average target implies an upside of 2.14% from the current price of $286.86. More detailed estimate data can be found on the JPMorgan Chase & Co (JPM) Forecast page.
Based on the consensus recommendation from 26 brokerage firms, JPMorgan Chase & Co's (JPM, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for JPMorgan Chase & Co (JPM, Financial) in one year is $212.56, suggesting a downside of 25.9% from the current price of $286.86. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the JPMorgan Chase & Co (JPM) Summary page.
