JPMorgan Chase & Co. [JPM] Revenue clocked in at $63.64 billion, down -28.67% YTD: What’s Next?

Related

JPMorgan Chase & Co. [NYSE: JPM] stock went on an upward path that rose over 4.58% on Friday, amounting to a one-week price decrease of less than -1.23%. The company report on July 15, 2022 that JPMorgan Chase Declares Preferred Stock Dividends.


Top 5 Cheap Stocks to Own Right Now

While finding safe stocks with the potential for monster gains isn't always easy, we've found a few that could pay out well. In fact, within our report, "Top 5 Cheap Stock to Own Right Now", we have identified five stocks we believe could appreciate the most even if you just have $1,000 to invest.

Sign up here to get your free report now. .

Sponsored


JPMorgan Chase & Co. (NYSE: JPM) (“JPMorgan Chase” or the “Firm”) has declared dividends on the outstanding shares of the Firm’s Series DD, EE, GG, JJ, KK, LL & MM preferred stock. Information can be found on the Firm’s Investor Relations website at https://www.jpmorganchase.com/ir/news.

JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America (“U.S.”), with operations worldwide. JPMorgan Chase had $3.8 trillion in assets and $286.1 billion in stockholders’ equity as of June 30, 2022. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers in the U.S., and many of the world’s most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

Over the last 12 months, JPM stock dropped by -27.34%. The one-year JPMorgan Chase & Co. stock forecast points to a potential upside of 18.48. The average equity rating for JPM stock is currently 2.40, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $317.20 billion, with 2.98 billion shares outstanding and 2.91 billion shares in the current float. Compared to the average trading volume of 13.76M shares, JPM stock reached a trading volume of 18806762 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on JPMorgan Chase & Co. [JPM]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for JPM shares is $138.56 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on JPM stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Citigroup have made an estimate for JPMorgan Chase & Co. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 12, 2022. The new note on the price target was released on May 24, 2022, representing the official price target for JPMorgan Chase & Co. stock. Previously, the target price had yet another raise to $167, while Oppenheimer analysts kept a Outperform rating on JPM stock. On February 14, 2022, analysts decreased their price target for JPM shares from 180 to 155.

The Average True Range (ATR) for JPMorgan Chase & Co. is set at 3.57, with the Price to Sales ratio for JPM stock in the period of the last 12 months amounting to 4.98. The Price to Book ratio for the last quarter was 1.33, with the Price to Cash per share for the same quarter was set at 601.19. Price to Free Cash Flow for JPM in the course of the last twelve months was 4.75.

JPM Stock Performance Analysis:

JPMorgan Chase & Co. [JPM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.23. With this latest performance, JPM shares dropped by -0.97% in over the last four-week period, additionally sinking by -32.94% over the last 6 months – not to mention a drop of -27.34% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for JPM stock in for the last two-week period is set at 44.47, with the RSI for the last a single of trading hit 47.03, and the three-weeks RSI is set at 43.43 for JPMorgan Chase & Co. [JPM]. The present Moving Average for the last 50 days of trading for this stock 119.67, while it was recorded at 111.74 for the last single week of trading, and 144.00 for the last 200 days.

Insight into JPMorgan Chase & Co. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and JPMorgan Chase & Co. [JPM] shares currently have an operating margin of +46.05. JPMorgan Chase & Co.’s Net Margin is presently recorded at +38.11.

Return on Equity for this stock inclined to 16.78, with Return on Assets sitting at 1.35.

JPM Stock EPS

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for JPM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for JPMorgan Chase & Co. go to 1.07%.

JPMorgan Chase & Co. [JPM] Insider Position Details

There are presently around $230,013 million, or 71.10% of JPM stock, in the hands of institutional investors. The top three institutional holders of JPM stocks are: VANGUARD GROUP INC with ownership of 266,854,574, which is approximately 2.612% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 201,689,773 shares of the stock with an approximate value of $22.78 billion in JPM stocks shares; and STATE STREET CORP, currently with $15.9 billion in JPM stock with ownership of nearly -0.677% of the company’s market capitalization.

Positions in JPMorgan Chase & Co. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 1,879 institutional holders increased their position in JPMorgan Chase & Co. [NYSE:JPM] by around 83,451,696 shares. Additionally, 1,448 investors decreased positions by around 123,906,351 shares, while 317 investors held positions by with 1,829,055,224 shares. The mentioned changes placed institutional holdings at 2,036,413,271 shares, according to the latest SEC report filing. JPM stock had 135 new institutional investments in for a total of 6,943,703 shares, while 167 institutional investors sold positions of 10,314,353 shares during the same period.

[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]