JPMorgan Chase & Co. (NYSE:JPM) Trading Down 1.7% – Should You Sell?

JPMorgan Chase & Co. (NYSE:JPM)’s stock price was down 1.7% during trading on Monday . The company traded as low as $347.55 and last traded at $350.3210. Approximately 8,199,346 shares were traded during mid-day trading, a decline of 11% from the average daily volume of 9,255,361 shares. The stock had previously closed at $356.23.

Trending Headlines about JPMorgan Chase & Co.

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

  • Positive Sentiment: JPMorgan is repositioning its private bank to capture wealth created by artificial intelligence, targeting growth in fee-generating asset and wealth management as well as additional lending relationships. This could support longer-term revenue diversification and earnings growth. JPMorgan’s Private Bank Reset Targets the Next Wave of AI Wealth
  • Positive Sentiment: The bank closed a $1.1 billion U.S. industrial net-lease fund focused on industrial and infrastructure-related assets, highlighting continued institutional demand for JPMorgan’s alternatives platform and potential fee income. J.P. Morgan Closes $1.1B US Industrial Net Lease Fund
  • Neutral Sentiment: JPMorgan research remains constructive on AI-related demand, including expectations that ASML could pursue more than 110 EUV machines in 2028. The read-through supports technology and investment-banking activity, but it has limited direct impact on JPMorgan’s near-term results. ASML Eyes 110+ EUV Machines as JPM Stresses Strong AI Demand
  • Neutral Sentiment: Reports that JPMorgan upgraded AI data-center operator IREN and downgraded MARA reflect the bank’s equity-research views rather than a material change to JPM’s own fundamentals. IREN Receives Double Upgrade
  • Negative Sentiment: Oil prices moved above $100 after damage to a Saudi pipeline. JPMorgan strategists warned that investors may be underestimating the possibility of a rapid market decline, raising concerns about inflation, interest rates and risk-asset valuations. Oil Over $100 Raises Market Decline Concerns
  • Negative Sentiment: Two small investment firms reported reducing their JPMorgan holdings. These sales are immaterial relative to the bank’s market capitalization but may add modest sentiment pressure. Focused Alpha Reduces JPMorgan Holdings

Wall Street Analysts Forecast Growth

A number of research analysts have commented on JPM shares. UBS Group upped their target price on shares of JPMorgan Chase & Co. from $384.00 to $400.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Keefe, Bruyette & Woods lifted their price target on shares of JPMorgan Chase & Co. from $370.00 to $384.00 and gave the company an “outperform” rating in a research report on Wednesday, July 15th. Jefferies Financial Group set a $350.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 14th. Evercore restated an “outperform” rating and issued a $360.00 price objective on shares of JPMorgan Chase & Co. in a report on Monday, July 6th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $418.00 price objective on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $359.96.

Get Our Latest Report on JPMorgan Chase & Co.

JPMorgan Chase & Co. Price Performance

The stock has a market capitalization of $931.22 billion, a price-to-earnings ratio of 15.01, a PEG ratio of 1.47 and a beta of 0.98. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.85 and a current ratio of 0.85. The company has a 50 day moving average of $352.26 and a 200 day moving average of $322.29.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last posted its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.59 by $0.55. The company had revenue of $58.02 billion for the quarter, compared to analyst estimates of $50.72 billion. JPMorgan Chase & Co. had a return on equity of 18.23% and a net margin of 21.86%.JPMorgan Chase & Co.’s revenue for the quarter was up 27.7% compared to the same quarter last year. During the same quarter last year, the company earned $4.96 EPS. As a group, equities research analysts anticipate that JPMorgan Chase & Co. will post 24.3 EPS for the current year.

Insider Buying and Selling

In other news, insider Robin Leopold sold 2,500 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $352.81, for a total transaction of $882,025.00. Following the completion of the sale, the insider directly owned 71,047 shares of the company’s stock, valued at approximately $25,066,092.07. The trade was a 3.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Stacey Friedman sold 5,467 shares of the firm’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $330.73, for a total value of $1,808,100.91. Following the completion of the sale, the general counsel owned 40,961 shares in the company, valued at approximately $13,547,031.53. This represents a 11.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 10,467 shares of company stock valued at $3,593,651 in the last quarter. 0.41% of the stock is owned by insiders.

Hedge Funds Weigh In On JPMorgan Chase & Co.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JPM. Fidelis Capital Partners LLC raised its stake in JPMorgan Chase & Co. by 7.9% during the fourth quarter. Fidelis Capital Partners LLC now owns 70,077 shares of the financial services provider’s stock worth $22,580,000 after acquiring an additional 5,101 shares during the period. First National Bank of Mount Dora Trust Investment Services raised its stake in shares of JPMorgan Chase & Co. by 18.7% during the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 41,218 shares of the financial services provider’s stock valued at $12,125,000 after purchasing an additional 6,492 shares in the last quarter. FAS Wealth Partners Inc. raised its position in shares of JPMorgan Chase & Co. by 4.3% during the 1st quarter. FAS Wealth Partners Inc. now owns 43,527 shares of the financial services provider’s stock worth $12,804,000 after buying an additional 1,794 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in JPMorgan Chase & Co. by 2.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,170,524 shares of the financial services provider’s stock worth $383,148,000 after purchasing an additional 33,071 shares in the last quarter. Finally, Central Asset Investments & Management Holdings HK Ltd raised its stake in shares of JPMorgan Chase & Co. by 121.1% in the 4th quarter. Central Asset Investments & Management Holdings HK Ltd now owns 11,892 shares of the financial services provider’s stock worth $3,832,000 after buying an additional 6,513 shares in the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

About JPMorgan Chase & Co.

(Get Free Report)

JPMorgan Chase & Co is a global financial services company headquartered in New York City. Through its businesses, the company provides banking, lending, payments, investment banking, asset management and wealth management services to consumers, businesses, institutional clients and governments.

The company operates through four primary business areas: Consumer & Community Banking; Commercial & Investment Banking; Asset & Wealth Management; and Corporate. Its offerings include deposit accounts, credit cards, mortgages, auto loans, business banking, commercial lending, treasury services, investment banking, securities trading, investment management and private banking.

JPMorgan Chase serves customers in the United States and maintains operations and client relationships across numerous international markets.

Further Reading

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