The price of JPMorgan Chase & Co. (NYSE:JPM) shares last traded on Wall Street rose 0.64% to $198.77.
JPM stock price is now 3.57% away from the 50-day moving average and 19.89% away from the 200-day moving average. The market capitalization of the company currently stands at $570.80B.
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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, Leopold Robin, Head of Human Resources sold 3,000 shares of the company’s stock on May 10 ’24. The stock was sold for $596,577 at an average price of $198.86. Upon completion of the transaction, the Head of Human Resources now directly owns 44,113 shares in the company, valued at $8.77 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 08 ’24, CEO Asset & Wealth Management Erdoes Mary E. sold 15,895 shares of the business’s stock. A total of $3,078,221 was realized by selling the stock at an average price of $193.66. This leaves the insider owning 585,898 shares of the company worth $116.46 million. A total of 0.52% of the company’s stock is owned by insiders.
During the past 12 months, JPMorgan Chase & Co. has had a low of $133.13 and a high of $200.94.
The net profit margin was 19.19% and return on equity was 15.65% 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.
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