In yesterday’s Wall Street session, JPMorgan Chase & Co. (NYSE:JPM) shares traded at $134.32, down -0.67% from the previous session.
As of this writing, 25 analysts cover JPMorgan Chase & Co. (NYSE:JPM). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $196.00 and a low of $140.00, we find $158.00. Given the previous closing price of $135.23, this indicates a potential upside of 16.84 percent. JPM stock price is now 0.58% away from the 50-day moving average and 4.42% away from the 200-day moving average. The market capitalization of the company currently stands at $398.23B.
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There are 8 analysts who have given it a hold rating, whereas 14 have given it a buy rating. Brokers who have rated the stock have averaged $160.77 as their price target over the next twelve months.
On March 13, 2023, Wells Fargo Upgraded its previous ‘Equal Weight’ rating to ‘Overweight’ on the stock increasing its target price from $148 to quote $155, while ‘Deutsche Bank’ rates the stock as ‘Hold’.
In other news, BACON ASHLEY, Chief Risk Officer sold 16,766 shares of the company’s stock on May 15. The stock was sold for $2,263,462 at an average price of $135.00. Upon completion of the transaction, the Chief Risk Officer now directly owns 195,356 shares in the company, valued at $26.24 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 15, Chief Information Officer Beer Lori A sold 15,926 shares of the business’s stock. A total of $2,150,066 was realized by selling the stock at an average price of $135.00. This leaves the insider owning 41,196 shares of the company worth $5.53 million. Insiders disposed of 1,021,385 shares of company stock worth roughly $137.19 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in JPM stock. A new stake in JPMorgan Chase & Co. shares was purchased by OFI INVEST ASSET MANAGEMENT during the first quarter worth $7,528,126,000. QUINTET PRIVATE BANK (EUROPE) S.A. invested $77,536,000 in shares of JPM during the first quarter. In the first quarter, QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in JPMorgan Chase & Co. valued at approximately $60,614,000. SAMLYN CAPITAL, LLC acquired a new stake in JPM for approximately $59,139,000. AMF TJANSTEPENSION AB purchased a new stake in JPM valued at around $46,960,000 in the second quarter.
Tuesday morning saw JPMorgan Chase & Co. (NYSE: JPM) opened at $135.46. During the past 12 months, JPMorgan Chase & Co. has had a low of $101.28 and a high of $144.34. The fifty day moving average price for JPM is $133.38 and a two-hundred day moving average price translates $128.73 for the stock.
The latest earnings results from JPMorgan Chase & Co. (NYSE: JPM) was released for Mar, 2023. According to the Banks – Diversified Company, earnings per share came in at $4.1, beating analysts’ expectations of $3.41 by 0.69. This compares to $2.63 EPS in the same period last year. The net profit margin was 35.20% and return on equity was 15.30% for JPM. The company reported revenue of $37.0 billion for the quarter, compared to $15.5 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 138.8 percent. For the current quarter, analysts expect JPM to generate $38.82B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/31/2023. Investors who held shares on 07/06/2023 were paid a $1.00 dividend. On an annualized basis, this represents a $4.00 dividend and a 2.98% percent yield. There was an ex-dividend date of 07/05/2023 for this dividend. In terms of dividend payout ratio, JPM is presently at 29.50%.
JPMorgan Chase & Co.(JPM) Company Profile
JPMorgan Chase & Co. operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services. The CIB segment provides investment banking products and services, including corporate strategy and structure advisory, and equity and debt markets capital-raising services, as well as loan origination and syndication; payments and cross-border financing; and cash and derivative instruments, risk management solutions, prime brokerage, and research. This segment also offers securities services, including custody, fund accounting and administration, and securities lending products for asset managers, insurance companies, and public and private investment funds. The CB segment provides financial solutions, including lending, payments, investment banking, and asset management to small and midsized companies, local governments, nonprofit clients, and large corporations; and commercial real estate banking services to investors, developers, and owners of multifamily, office, retail, industrial, and affordable housing properties. The AWM segment offers multi-asset investment management solutions in equities, fixed income, alternatives, and money market funds to institutional clients and retail investors; and retirement products and services, brokerage, custody, estate planning, lending, deposits, and investment management products. The company also provides ATM, online and mobile, and telephone banking services. JPMorgan Chase & Co. was founded in 1799 and is headquartered in New York, New York.
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