Retirement Systems of Alabama Sells 9,655 Shares of JPMorgan Chase & Co. $JPM

Retirement Systems of Alabama decreased its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 1.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 865,976 shares of the financial services provider's stock after selling 9,655 shares during the period. JPMorgan Chase & Co. comprises about 0.9% of Retirement Systems of Alabama's holdings, making the stock its 16th largest holding. Retirement Systems of Alabama's holdings in JPMorgan Chase & Co. were worth $283,460,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Arkansas Financial Group Inc. grew its stake in JPMorgan Chase & Co. by 1.1% in the second quarter. Arkansas Financial Group Inc. now owns 2,667 shares of the financial services provider's stock worth $873,000 after purchasing an additional 30 shares during the period. Flynn Zito Capital Management LLC lifted its position in JPMorgan Chase & Co. by 1.1% during the second quarter. Flynn Zito Capital Management LLC now owns 2,830 shares of the financial services provider's stock valued at $926,000 after buying an additional 30 shares during the period. WealthBridge Capital Management LLC lifted its position in JPMorgan Chase & Co. by 0.3% during the second quarter. WealthBridge Capital Management LLC now owns 10,503 shares of the financial services provider's stock valued at $3,438,000 after buying an additional 31 shares during the period. Sterling Group Wealth Management LLC boosted its holdings in shares of JPMorgan Chase & Co. by 0.8% during the 1st quarter. Sterling Group Wealth Management LLC now owns 4,020 shares of the financial services provider's stock valued at $1,183,000 after buying an additional 33 shares in the last quarter. Finally, South Street Advisors LLC boosted its holdings in shares of JPMorgan Chase & Co. by 0.4% during the 4th quarter. South Street Advisors LLC now owns 9,421 shares of the financial services provider's stock valued at $3,036,000 after buying an additional 34 shares in the last quarter. Institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. News Roundup

Here are the key news stories impacting JPMorgan Chase & Co. this week:

• Positive Sentiment: JPMorgan is evaluating a stablecoin that could expand its blockchain-based payments capabilities, reduce settlement friction and strengthen relationships with institutional digital-finance customers. The initiative could support new fee revenue and improve the bank’s competitive position in payments. Can JPMorgan's Stablecoin Push Strengthen Its Digital Payments Edge?
• Positive Sentiment: JPMorgan’s plan to commit as much as $750 billion to housing investment through 2035 highlights a sizable lending and investment opportunity amid the U.S. housing shortage. The strategy may broaden long-term growth, although returns will depend on execution and credit conditions. Jamie Dimon Committed JPMorgan to $750 Billion of Housing Investment Through 2035
• Positive Sentiment: Analyst commentary continues to emphasize JPMorgan’s earnings strength and potential to become the first bank valued at $1 trillion, supporting the bullish long-term narrative. The shares already trade at a premium valuation, however, which raises the importance of continued profit growth. JPMorgan Chase & Co. Could Soon Be Worth $1 Trillion
• Neutral Sentiment: JPMorgan and affiliates disclosed that they fell below the substantial-holder threshold in Australia-listed ASX Ltd. The transaction is unlikely to materially affect JPMorgan’s operating results or valuation. JPMorgan Group Drops Below Substantial Holder Threshold in ASX Ltd
• Negative Sentiment: A technical Federal Reserve capital formula could reduce JPMorgan’s expected capital relief by approximately $13 billion—an amount described as equivalent to roughly 61% of quarterly profit. Investors may view the possibility as a significant constraint on buybacks, dividends or balance-sheet flexibility. JPMorgan Prices One Fed Formula at 61% of Quarterly Profit
• Negative Sentiment: The SEC reportedly subpoenaed JPMorgan and other major banks over margin lending to hedge fund Situational Awareness after a 67% drawdown. The investigation increases legal, compliance and potential credit-risk concerns, although no wrongdoing was established in the report. SEC Probe Puts Wall Street Leverage Risk Back in Focus
• Negative Sentiment: Major banks, including JPMorgan, are opposing revisions to the Federal Reserve’s systemically important bank capital surcharge. Ongoing uncertainty over the final rules could keep pressure on the sector’s capital-return outlook. Market Chatter: Major US Banks Clash Over Fed's GSIB Capital Surcharge Revision

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $354.21 on Friday. JPMorgan Chase & Co. has a fifty-two week low of $279.10 and a fifty-two week high of $366.50. The business has a 50-day simple moving average of $346.80 and a two-hundred day simple moving average of $318.55. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market cap of $941.55 billion, a price-to-earnings ratio of 15.18, a price-to-earnings-growth ratio of 1.47 and a beta of 0.99.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.59 by $0.55. JPMorgan Chase & Co. had a net margin of 21.86% and a return on equity of 18.23%. The firm had revenue of $58.02 billion for the quarter, compared to the consensus estimate of $50.72 billion. During the same quarter last year, the firm posted $4.96 EPS. The business's quarterly revenue was up 27.7% compared to the same quarter last year. On average, analysts expect that JPMorgan Chase & Co. will post 24.28 earnings per share for the current year.

Wall Street Analysts Forecast Growth

JPM has been the subject of several research reports. Jefferies Financial Group set a $350.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 14th. Truist Financial boosted their price objective on shares of JPMorgan Chase & Co. from $344.00 to $352.00 and gave the stock a "hold" rating in a research note on Wednesday, July 15th. UBS Group upped their price objective on shares of JPMorgan Chase & Co. from $384.00 to $400.00 and gave the stock a "buy" rating in a report on Monday, August 3rd. Evercore reaffirmed an "outperform" rating and set a $360.00 target price on shares of JPMorgan Chase & Co. in a research note on Monday, July 6th. Finally, The Goldman Sachs Group reiterated a "buy" rating and set a $418.00 target price on shares of JPMorgan Chase & Co. in a report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. has an average rating of "Moderate Buy" and an average price target of $359.96.

Insiders Place Their Bets

In related news, General Counsel Stacey Friedman sold 5,467 shares of JPMorgan Chase & Co. stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $330.73, for a total value of $1,808,100.91. Following the completion of the sale, the general counsel owned 40,961 shares of the company's stock, valued at $13,547,031.53. The trade was a 11.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Robin Leopold sold 2,500 shares of the company's stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $361.41, for a total value of $903,525.00. Following the sale, the insider owned 73,547 shares of the company's stock, valued at approximately $26,580,621.27. This trade represents a 3.29% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.41% of the company's stock.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co NYSE: JPM is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.

The firm's principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.

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