Barclays Reiterates Buy Rating on JPMorgan Chase with Price Target of $420

Jason Goldberg, a Barclays analyst, has maintained his Buy rating on JPMorgan Chase (JPM) and set a price target of $420.00.

Goldberg's recommendation comes as the company reported quarterly revenue of $82.46 billion and net profit of $21.16 billion for the quarter ending June 30.

This marks an increase from last year, when JPM earned a revenue of $69.91 billion and had a net profit of $14.99 billion.

However, corporate insider activity has been negative on the stock, with 98 insiders selling shares over the past quarter.