The price of JPMorgan Chase & Co. (NYSE:JPM) shares last traded on Wall Street fell -0.80% to $191.74.
JPM stock price is now 0.80% away from the 50-day moving average and 16.72% away from the 200-day moving average. The market capitalization of the company currently stands at $550.69B.
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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, DIMON JAMES, Chairman & CEO sold 178,222 shares of the company’s stock on Apr 15 ’24. The stock was sold for $32,824,625 at an average price of $184.18. Upon completion of the transaction, the Chairman & CEO now directly owns 264,461 shares in the company, valued at $50.71 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 25 ’24, Chief Information Officer Beer Lori A sold 3,920 shares of the business’s stock. A total of $765,805 was realized by selling the stock at an average price of $195.36. This leaves the insider owning 64,783 shares of the company worth $12.42 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 $131.81 and a high of $200.94.
According to the Banks – Diversified Company, earnings per share came in at 4.75, beating analysts’ expectations of 3.99 by 0.76. This compares to $4.10 EPS in the same period last year. The net profit margin was 26.40% and return on equity was 16.60% for JPM. The company reported revenue of $47.44 billion for the quarter, compared to $37.0 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 28.2 percent. For the current quarter, analysts expect JPM to generate $41.31B in revenue.
