In yesterday’s Wall Street session, JPMorgan Chase & Co. (NYSE:JPM) shares traded at $200.30, up 0.39% from the previous session.
JPM stock price is now 10.07% away from the 50-day moving average and 26.06% away from the 200-day moving average. The market capitalization of the company currently stands at $576.94B.
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, Beer Lori A, Chief Information Officer sold 3,920 shares of the company’s stock on Mar 25 ’24. The stock was sold for $765,805 at an average price of $195.36. Upon completion of the transaction, the Chief Information Officer now directly owns 64,783 shares in the company, valued at $12.98 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 22 ’24, Chairman & CEO DIMON JAMES sold 821,778 shares of the business’s stock. A total of $150,167,221 was realized by selling the stock at an average price of $182.73. This leaves the insider owning 595,316 shares of the company worth $119.24 million. A total of 0.95% of the company’s stock is owned by insiders.
During the past 12 months, JPMorgan Chase & Co. has had a low of $126.22 and a high of $200.48. The fifty day moving average price for JPM is $182.64 and a two-hundred day moving average price translates $159.19 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 $2.81, missing analysts’ expectations of $3.07 by -0.26. This compares to $3.58 EPS in the same period last year. The net profit margin was 19.69% and return on equity was 15.88% 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 $42B in revenue.
