NEW YORK—Lake Marianne, CEO of Consumer & Community Banking at JPMorgan Chase & Co (NYSE:JPM), recently sold shares of the company's common stock valued at approximately $1.08 million. The transaction, executed on January 16, 2025, involved the sale of 4,233 shares at a price of $254.00 per share.
Following the transaction, Marianne holds 118,507 shares indirectly through GRATs, 95,594 shares directly, and an additional 19,628 shares indirectly through a family trust. The sale was conducted under a pre-arranged 10b5-1 trading plan. InvestingPro subscribers have access to 10+ additional exclusive insights about JPM, including detailed analysis of its valuation metrics and growth prospects. Access the comprehensive Pro Research Report covering what really matters about JPM and 1,400+ other top stocks.
In other recent news, JPMorgan Chase & Co. has been a focal point of several financial firms following its robust fourth-quarter earnings. RBC (TSX:RY) Capital Markets upgraded its price target for JPMorgan to $260, influenced by the bank's higher-than-expected noninterest income and net interest income. Notably, the bank's capital levels were strong, with a Common Equity Tier 1 (CET1) ratio of 15.7%. RBC Capital's analyst revised the earnings per share (EPS) estimates for the years 2025 and 2026 to $17.91 and $19.25, respectively.
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 updated its financial outlook for JPMorgan, increasing the bank's price target from $260.00 to $268.00 while maintaining a Hold rating on the stock. This adjustment reflects an anticipated rise in earnings per share for the coming years, driven by expected higher revenues and share buybacks.
Meanwhile, UBS increased their price target for JPMorgan shares to $287 from the previous target of $276, reaffirming its Buy rating on the stock. The projections by UBS suggest that JPMorgan could achieve a return on tangible common equity of 19% in 2025 and 18% in 2026. These are recent developments, reflecting the bank's performance and outlook amidst the evolving economic landscape.
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