The price of JPMorgan Chase & Co. (NYSE:JPM) shares last traded on Wall Street rose 0.92% to $197.45.
JPM stock price is now 6.77% away from the 50-day moving average and 23.18% away from the 200-day moving average. The market capitalization of the company currently stands at $568.78B.
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 $12.79 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 $117.55 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 $126.22 and a high of $200.94. The fifty day moving average price for JPM is $185.48 and a two-hundred day moving average price translates $160.57 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 $3.04, missing analysts’ expectations of $3.32 by -0.28. 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 $42.05B in revenue.
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; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking. The CIB segment provides investment banking products and services, including corporate strategy and structure advisory, and equity and debt market capital-raising services, as well as loan origination and syndication; payments; 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, as well as 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 to high net worth clients. JPMorgan Chase & Co. was founded in 1799 and is headquartered in New York, New York.
