JPMorgan Chase & Co. (JPM) Price Aside, JPM Fundamentals Booming Beyond Compare

The price of JPMorgan Chase & Co. (NYSE:JPM) shares last traded on Wall Street fell -0.12% to $147.05.

Based on available information, 27 analysts follow 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 $219.00 and a low of $140.00, we find $169.00. Given the previous closing price of $147.23, this indicates a potential upside of 14.79 percent. JPM stock price is now -1.63% away from the 50-day moving average and 5.57% away from the 200-day moving average. The market capitalization of the company currently stands at $427.86B.

Among analysts, 7 rate the stock a hold while 16 rate it a buy. Brokers who have rated the stock have averaged $169.41 as their price target over the next twelve months.

With the price target maintained at $160, Citigroup recently Downgraded its rating from Buy to Neutral for JPMorgan Chase & Co. (NYSE: JPM).

In other news, Friedman Stacey, General Counsel sold 4,310 shares of the company’s stock on Aug 07. The stock was sold for $677,343 at an average price of $157.16. Upon completion of the transaction, the General Counsel now directly owns 57,735 shares in the company, valued at $8.49 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 15, CEO Asset & Wealth Management Erdoes Mary E. sold 8,118 shares of the business’s stock. A total of $1,154,002 was realized by selling the stock at an average price of $142.15. This leaves the insider owning 560,373 shares of the company worth $82.4 million. Insiders disposed of 1,346,209 shares of company stock worth roughly $197.96 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 PORTSIDE WEALTH GROUP, LLC during the first quarter worth $141,417,000. UNISUPER MANAGEMENT PTY LTD invested $105,380,000 in shares of JPM during the first quarter. In the first quarter, IA GLOBAL ASSET MANAGEMENT INC. acquired a new stake in JPMorgan Chase & Co. valued at approximately $56,127,000. ALLSTATE INVESTMENT MANAGEMENT CO acquired a new stake in JPM for approximately $18,376,000. NEMES RUSH GROUP LLC purchased a new stake in JPM valued at around $17,699,000 in the second quarter. In total, there are 4,497 active investors with 70.80% ownership of the company’s stock.

A candlestick chart of JPMorgan Chase & Co. (NYSE: JPM) showed a price of $147.28 on Friday morning. During the past 12 months, JPMorgan Chase & Co. has had a low of $101.28 and a high of $159.38. The fifty day moving average price for JPM is $149.60 and a two-hundred day moving average price translates $139.37 for the stock.

The latest earnings results from JPMorgan Chase & Co. (NYSE: JPM) was released for Jun, 2023. According to the Banks – Diversified Company, earnings per share came in at $4.75, beating analysts’ expectations of $3.99 by 0.76. This compares to $2.76 EPS in the same period last year. The net profit margin was 33.50% and return on equity was 17.00% for JPM. The company reported revenue of $41.64 billion for the quarter, compared to $18.65 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 123.34 percent. For the current quarter, analysts expect JPM to generate $39.55B 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 2.72% 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 25.70%.

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.