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JPMorgan Chase & Co. (NYSE:JPM) Shares Up 1.2% - What's Next?

JPMorgan Chase & Co. logo with Finance background
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Key Points

  • JPMorgan shares rose 1.2% in mid-day trading on Friday, reaching an intraday high of $307.45 and outperforming the prior close of $303.00.
  • The bank’s recent news flow was broadly positive, including an expanded push into AI staffing, solid investment banking/IPO activity in Asia, and the launch of its German retail bank.
  • Despite the upbeat backdrop, there are some risks: Jamie Dimon warned rates could rise further, and JPMorgan is reportedly trying to offload more than $4 billion in private-equity-linked loan exposure.
  • Interested in JPMorgan Chase & Co.? Here are five stocks we like better.

Shares of JPMorgan Chase & Co. (NYSE:JPM) shot up 1.2% during mid-day trading on Friday . The stock traded as high as $307.45 and last traded at $306.4920. 5,952,246 shares were traded during mid-day trading, a decline of 41% from the average session volume of 10,116,409 shares. The stock had previously closed at $303.00.

JPMorgan Chase & Co. News Summary

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

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Jefferies Financial Group restated a "neutral" rating on shares of JPMorgan Chase & Co. in a research report on Monday, May 4th. Daiwa Securities Group lowered their price objective on shares of JPMorgan Chase & Co. from $340.00 to $328.00 and set an "outperform" rating for the company in a research report on Tuesday, April 7th. Barclays restated a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, May 6th. Autonomous Res lowered their price objective on shares of JPMorgan Chase & Co. from $360.00 to $324.00 and set a "neutral" rating for the company in a research report on Monday, April 6th. Finally, Piper Sandler upped their price objective on shares of JPMorgan Chase & Co. from $325.00 to $345.00 and gave the company an "overweight" rating in a research report on Wednesday, April 15th. Fifteen research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company's stock. Based on data from MarketBeat, JPMorgan Chase & Co. has an average rating of "Moderate Buy" and an average price target of $339.08.

View Our Latest Research Report on JPM

JPMorgan Chase & Co. Trading Up 1.2%

The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.30. The business's fifty day moving average is $300.47 and its 200 day moving average is $307.14. The firm has a market capitalization of $821.25 billion, a price-to-earnings ratio of 14.68, a price-to-earnings-growth ratio of 1.47 and a beta of 1.03.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings data on Tuesday, April 14th. The financial services provider reported $5.94 EPS for the quarter, topping analysts' consensus estimates of $5.50 by $0.44. JPMorgan Chase & Co. had a net margin of 20.66% and a return on equity of 17.54%. The business had revenue of $50.54 billion for the quarter, compared to analyst estimates of $48.30 billion. During the same period last year, the business posted $5.07 earnings per share. The firm's quarterly revenue was up 10.0% on a year-over-year basis. Equities analysts predict that JPMorgan Chase & Co. will post 22.43 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Monday, July 6th will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Monday, July 6th. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 28.74%.

Insider Activity at JPMorgan Chase & Co.

In related news, insider Robin Leopold sold 433 shares of the firm's stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $295.06, for a total transaction of $127,760.98. Following the sale, the insider directly owned 64,920 shares in the company, valued at $19,155,295.20. This trade represents a 0.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, General Counsel Stacey Friedman sold 5,468 shares of the firm's stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $300.27, for a total transaction of $1,641,876.36. Following the sale, the general counsel owned 46,428 shares in the company, valued at approximately $13,940,935.56. The trade was a 10.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 28,589 shares of company stock valued at $8,747,496. Insiders own 0.41% of the company's stock.

Institutional Investors Weigh In On JPMorgan Chase & Co.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Roxbury Financial LLC increased its stake in JPMorgan Chase & Co. by 0.4% in the 4th quarter. Roxbury Financial LLC now owns 8,011 shares of the financial services provider's stock valued at $2,581,000 after buying an additional 31 shares during the last quarter. Collective Family Office LLC increased its stake in JPMorgan Chase & Co. by 1.0% in the 4th quarter. Collective Family Office LLC now owns 3,339 shares of the financial services provider's stock valued at $1,076,000 after buying an additional 32 shares during the last quarter. Rialto Wealth Management LLC increased its stake in JPMorgan Chase & Co. by 3.6% in the 3rd quarter. Rialto Wealth Management LLC now owns 962 shares of the financial services provider's stock valued at $304,000 after buying an additional 33 shares during the last quarter. Essential Planning LLC. increased its stake in JPMorgan Chase & Co. by 2.4% in the 4th quarter. Essential Planning LLC. now owns 1,399 shares of the financial services provider's stock valued at $451,000 after buying an additional 33 shares during the last quarter. Finally, Sterling Group Wealth Management LLC increased its stake in JPMorgan Chase & Co. by 0.8% in 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 during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Company Profile

(Get Free Report)

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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