FMP
May 21, 2024 1:25 PM - Davit Kirakosyan
Baird analysts increased their price target on JPMorgan (NYSE:JPM) to $185 from $175 while maintaining a Neutral rating on the stock. The analysts noted that the takeaways from the recent investor day were not particularly eventful. The bank's updated 2024 net interest income (NII) guidance was expected, and the outlook for capital markets remained conservative.
The analysts attributed the day's weakness to a lack of enthusiasm for stock buybacks at current prices and a shorter CEO transition timeline. They agreed that repurchasing stock at approximately 2.25 times tangible book value (TBV) is not the best use of capital and still view the risk/reward profile of JPM as mildly unattractive at current prices.
Oct 31, 2023 8:03 AM - Parth Sanghvi
Free cash flow to the firm (FCFF) and free cash flow to equity (FCFE) are two of the most important metrics used in financial modeling. Both metrics measure the amount of cash that is available to a company's shareholders and creditors, but there is a key difference between the two. FCFF measures...
Nov 25, 2023 6:39 AM - Parth Sanghvi
Choosing the Right Valuation Method: DCF vs. Comparable Companies Analysis Introduction: Valuation methods play a pivotal role in determining the fair value of a company, aiding investors in making informed investment decisions. Two commonly used methods, DCF Valuation and Comparable Companies A...
Dec 23, 2023 2:19 AM - Parth Sanghvi
Introduction: Discounted Cash Flow (DCF) analysis stands as a cornerstone in valuing investments, yet its efficacy is contingent upon various assumptions and methodologies. While a powerful tool, DCF analysis comes with inherent limitations and challenges that investors must acknowledge to make i...