Somewhat Favorable Press Coverage Somewhat Unlikely to Affect J P Morgan Chase & Co (JPM) Stock Price
News stories about J P Morgan Chase & Co (NYSE:JPM) have been trending somewhat positive on Saturday, according to Accern. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. J P Morgan Chase & Co earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 45.1705380227869 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- How JPMorgan Is Helping Businesses Escape the Prison of Paper Checks (finance.yahoo.com)
- JP Morgan & Chase’s Bitcoin Controversy (fromdev.com)
- JP Morgan Chase mpany : JPMorgan Chase to Present at the BancAnalysts Association of Boston Conference (4-traders.com)
- [$$] JPMorgan plans to create 2,500 new jobs in Poland (finance.yahoo.com)
J P Morgan Chase & Co (NYSE JPM) traded down 0.21% on Friday, reaching $94.83. The company had a trading volume of 8,358,310 shares. The firm has a 50 day moving average price of $91.64 and a 200-day moving average price of $89.00. The stock has a market capitalization of $333.66 billion, a price-to-earnings ratio of 13.99 and a beta of 1.19. J P Morgan Chase & Co has a 12 month low of $65.11 and a 12 month high of $95.22.
J P Morgan Chase & Co (NYSE:JPM) last released its quarterly earnings results on Friday, July 14th. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.23. J P Morgan Chase & Co had a return on equity of 11.53% and a net margin of 24.13%. The firm had revenue of $25.50 billion for the quarter, compared to the consensus estimate of $24.38 billion. During the same quarter last year, the business posted $1.55 EPS. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. Analysts forecast that J P Morgan Chase & Co will post $6.81 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, October 6th will be paid a $0.56 dividend. This is an increase from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $2.24 annualized dividend and a dividend yield of 2.36%. J P Morgan Chase & Co’s dividend payout ratio (DPR) is currently 29.59%.
A number of brokerages have issued reports on JPM. Robert W. Baird reiterated a “hold” rating and set a $88.00 price target on shares of J P Morgan Chase & Co in a research report on Thursday. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a $93.00 price target on shares of J P Morgan Chase & Co in a research report on Thursday, July 6th. Wells Fargo & Company began coverage on J P Morgan Chase & Co in a research report on Wednesday, August 9th. They set an “outperform” rating and a $110.00 price target for the company. Buckingham Research reiterated a “neutral” rating and set a $100.00 price target (up previously from $94.00) on shares of J P Morgan Chase & Co in a research report on Monday, July 10th. Finally, Berenberg Bank set a $65.00 price target on J P Morgan Chase & Co and gave the stock a “sell” rating in a research report on Thursday, August 3rd. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eighteen have assigned a buy rating to the stock. J P Morgan Chase & Co has a consensus rating of “Hold” and a consensus target price of $86.36.
In other J P Morgan Chase & Co news, CFO Marianne Lake sold 17,596 shares of J P Morgan Chase & Co stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $91.58, for a total value of $1,611,441.68. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel Stacey Friedman sold 9,968 shares of J P Morgan Chase & Co stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $90.55, for a total value of $902,602.40. Following the completion of the sale, the general counsel now directly owns 10,527 shares in the company, valued at approximately $953,219.85. The disclosure for this sale can be found here. Insiders sold a total of 28,564 shares of company stock worth $2,605,334 in the last three months. Company insiders own 0.88% of the company’s stock.
About J P Morgan Chase & Co
JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.
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