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• JPM 73% Rate It

Banking and financial services giant JPMorgan Chase & Co. ( JPM ) on Monday caught some continued bullish commentary from analysts at ISI Group.

The firm maintained its "Buy" rating on JPM as well as its $52 price target, which suggests a massive 55% upside to the stock's Friday closing price of $33.49.

An ISI Group analyst commented, "In a scenario where 1) the office of the CIO no longer makes any earnings, 2) a stringent Volcker Rule causes the long-term ROE of JPM's investment bank to be only 10% (down from 17% over the past 5 quarters), and 3) JPM stops recapturing loan loss reserves, we estimate its current EPS power would still be $4.00. The stock is now just 8.4x that level (which admittedly does not include the impact of the trading loss)."

JPMorgan Chase shares, which have fallen significantly since reporting a massive trading loss on May 11, posted moderate gains in premarket trading Monday.

The Bottom Line
Shares of JP Morgan Chase ( JPM ) have a 3.58% dividend yield, based on Friday's closing stock price of $33.49. The stock has technical support in the $28-$31 price area. If the shares can firm up, we see overhead resistance around the $38 price level.

JPMorgan Chase & Co. ( JPM ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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