JPMorgan Chase & Co. (NYSE:JPM) Currently -0.21% Below Its 52-Week High, But There May Be A Surprise Downside

In last trading session, JPMorgan Chase & Co. (NYSE:JPM) saw 6.95 million shares changing hands with its beta currently measuring 1.10. Company’s recent per share price level of $225.37 trading at $0.95 or 0.42% at ring of the bell on the day assigns it a market valuation of $641.21B. That closing price of JPM’s stock is at a discount of -0.21% from its 52-week high price of $225.85 and is indicating a premium of 40.01% from its 52-week low price of $135.19. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 8.74 million shares which gives us an average trading volume of 8.73 million if we extend that period to 3-months.

For JPMorgan Chase & Co. (JPM), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.96. Splitting up the data highlights that, out of 21 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 4 suggested the stock as a Hold whereas 17 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 3.89 in the current quarter.

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JPMorgan Chase & Co. (NYSE:JPM) trade information

Upright in the green during last session for gaining 0.42%, in the last five days JPM remained trading in the green while hitting it’s week-highest on Friday, 10/18/24 when the stock touched $225.37 price level, adding 0.24% to its value on the day. JPMorgan Chase & Co.’s shares saw a change of 32.49% in year-to-date performance and have moved 1.39% in past 5-day. JPMorgan Chase & Co. (NYSE:JPM) showed a performance of 7.07% in past 30-days. Number of shares sold short was 27.54 million shares which calculate 2.69 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 211 to the stock, which implies a fall of -6.81% to its current value. Analysts have been projecting 120 as a low price target for the stock while placing it at a high target of 257. It follows that stock’s current price would jump 46.75% in reaching the projected high whereas dropping to the targeted low would mean a gain of 46.75% for stock’s current value.

JPMorgan Chase & Co. (JPM) estimates and forecasts

Statistics highlight that JPMorgan Chase & Co. is scoring comparatively higher than the scores of other players of the relevant industry. The company added 21.30% of value to its shares in past 6 months, showing an annual growth rate of 7.95% while that of industry is -2.90. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 18.70% from the last financial year’s standing.

12 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 41.09B for the same. And 8 analysts are in estimates of company making revenue of 42.62B in the next quarter. Company posted 36.82B and 41.85B of sales in current and next quarters respectively a year earlier.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 12.53% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 12.94% while estimates for its earnings growth in next 5 years are of 2.57%.

JPM Dividends

JPMorgan Chase & Co. is more likely to be releasing its next quarterly report on 2025-Jan-15 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 2.04%, the share has a forward dividend of 4.60 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 2.77%.

JPMorgan Chase & Co. (NYSE:JPM)’s Major holders

Insiders are in possession of 0.45% of company’s total shares while institution are holding 73.74 percent of that, with stock having share float percentage of 74.07%. Investors also watch the number of corporate investors in a company very closely, which is 73.74% institutions for JPMorgan Chase & Co. that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at JPM for having 271.36 million shares of worth $54.89 billion. And as of 2024-06-30, it was holding 9.3307 of the company’s outstanding shares.

The second largest institutional holder is BLACKROCK INC., which was holding about 198.69 million shares on 2024-06-30. The number of shares represents firm’s hold over 6.8318 of outstanding shares, having a total worth of $40.19 billion.