In yesterday’s Wall Street session, JPMorgan Chase & Co. (NYSE:JPM) shares traded at $196.62, down -1.23% from the previous session.
JPM stock price is now 9.35% away from the 50-day moving average and 24.63% away from the 200-day moving average. The market capitalization of the company currently stands at $566.39B.
With the price target enhanced from $140 to $190, Deutsche Bank Upgraded its rating from Hold to Buy for JPMorgan Chase & Co. (NYSE: JPM). , while ‘Odeon’ rates the stock as ‘Hold’
In other news, DIMON JAMES, Chairman & CEO sold 821,778 shares of the company’s stock on Feb 22 ’24. The stock was sold for $150,167,221 at an average price of $182.73. Upon completion of the transaction, the Chairman & CEO now directly owns 595,316 shares in the company, valued at $117.05 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 22 ’24, Co-CEO Comm. & Invest. Bank Rohrbaugh Troy L sold 75,000 shares of the business’s stock. A total of $13,705,155 was realized by selling the stock at an average price of $182.74. This leaves the insider owning 166,289 shares of the company worth $32.7 million. A total of 0.10% of the company’s stock is owned by insiders.
During the past 12 months, JPMorgan Chase & Co. has had a low of $123.11 and a high of $199.43. The fifty day moving average price for JPM is $180.32 and a two-hundred day moving average price translates $158.05 for the stock.
The latest earnings results from JPMorgan Chase & Co. (NYSE: JPM) was released for Dec, 2023. According to the Banks – Diversified Company, earnings per share came in at $2.8, missing analysts’ expectations of $3.06 by -0.26. This compares to $3.58 EPS in the same period last year. The net profit margin was 28.00% and return on equity was 16.60% for JPM. The company reported revenue of $47.38 billion for the quarter, compared to $33.05 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 43.35 percent. For the current quarter, analysts expect JPM to generate $38.66B in revenue.
