Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Alcoa Rises as JPMorgan Almost Doubles 2014 Estimates

Alcoa Inc., the largest U.S. aluminum producer, rose the most in more than two months after JPMorgan Chase & Co. almost doubled its 2014 earnings estimate amid expectations for tighter global supplies of the metal.

The shares rose 6.8 percent to $12.13 at the close in New York, the most since Nov. 4. New York-based Alcoa has increased 32 percent in the past year.

JPMorgan increased its 2014 estimate for Alcoa’s per-share earnings to 78 cents from 40 cents, raised its rating to the equivalent of buy from hold and lifted its 12-month price target to $15 a share from $9, according to a note today from New York-based analyst Michael Gambardella.

JPMorgan’s global commodities research team on Jan. 17 cut its estimate for this year’s primary aluminum supply surplus by 46 percent to 435,000 tons on expectations for reduced aluminum exports from China, according to the note.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.