JPMorgan Chase & Co. (NYSE:JPM) shares traded 0.67% higher at $209.25 on Wall Street last session.
JPM stock price is now -0.83% away from the 50-day moving average and 9.32% away from the 200-day moving average. The market capitalization of the company currently stands at $595.35B.
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With the price target maintained at $235, Deutsche Bank recently Downgraded its rating from Buy to Hold for JPMorgan Chase & Co. (NYSE: JPM). On August 20, 2024, Daiwa Securities Downgraded its previous ‘Buy’ rating to ‘Outperform’ on the stock keeping its target price maintained at $240, while ‘Wolfe Research’ rates the stock as ‘Peer Perform’
In other news, Friedman Stacey, General Counsel sold 4,415 shares of the company’s stock on Jun 20 ’24. The stock was sold for $872,311 at an average price of $197.58. Upon completion of the transaction, the General Counsel now directly owns 37,709 shares in the company, valued at $7.89 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 10 ’24, Chief Risk Officer BACON ASHLEY sold 5,086 shares of the business’s stock. A total of $1,014,857 was realized by selling the stock at an average price of $199.54. This leaves the insider owning 212,265 shares of the company worth $44.42 million. A total of 0.39% of the company’s stock is owned by insiders.
During the past 12 months, JPMorgan Chase & Co. has had a low of $135.19 and a high of $225.48. According to the stock market information, the enterprise value for the company is $80476717056, which is based on a 11.67 price-to-earnings ratio, a 3.67 price-to-earnings-growth ratio, and a beta of 1.11. The fifty day moving average price for JPM is $211.0814 and a two-hundred day moving average price translates $191.67696 for the stock.
The latest earnings results from JPMorgan Chase & Co. (NYSE: JPM) was released for 2024-06-30. The net profit margin was 19.52% and return on equity was 16.45% for JPM. The company reported revenue of $48.51 billion for the quarter, compared to $41.64 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.49 percent.
