JPMorgan Chase & Co. (NYSE: JPM) Loses -2.82% From High. Why That Could Change?

Currently, there are 2.88B common shares owned by the public and among those 2.85B shares have been available to trade.

However, the script later moved the day high at 196.94, down -0.92%. The company’s stock has a 5-day price change of 1.12% and 16.31% over the past three months. JPM shares are trading 14.53% year to date (YTD), with the 12-month market performance up to 53.60% higher. It has a 12-month low price of $123.11 and touched a high of $200.48 over the same period. JPM has an average intraday trading volume of 8.93 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.82%, 8.04%, and 23.26% respectively.

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Institutional ownership of JPMorgan Chase & Co. (NYSE: JPM) shares accounts for 70.80% of the company’s 2.88B shares outstanding.

It has a market capitalization of $561.20B and a beta (3y monthly) value of 1.13. The stock’s trailing 12-month PE ratio is 12.01, while the earnings-per-share (ttm) stands at $16.22. The company has a PEG of 10.01 and the debt-to-equity ratio at 1.17. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.45% over the week and 1.44% over the month.

Analysts forecast that JPMorgan Chase & Co. (JPM) will achieve an EPS of $3.9 for the current quarter, $3.8 for the next quarter and $14.99 for 2025. The lowest estimate earnings-per-share for the quarter is $3.5 while analysts give the company a high EPS estimate of $4.25. Comparatively, EPS for the current quarter was $4.1 a year ago. Earnings per share for the fiscal year are expected to increase by 34.30%, and 2.07% over the next financial year. EPS should shrink at an annualized rate of 1.20% over the next five years, compared to 12.50% over the past 5-year period.

Looking at the support for the JPM, a number of firms have released research notes about the stock. Deutsche Bank stated their Buy rating for the stock in a research note on January 09, 2024, with the firm’s price target at $140-$190. Odeon was of a view on November 02, 2023 that the stock is Hold, while HSBC Securities gave the stock Hold rating on September 07, 2023, issuing a price target of $159. Citigroup on their part issued Neutral rating on July 12, 2023.

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