JPMorgan Chase & Co. (NYSE:JPM) Stock Jumps 4.2% – Still a Buy?

Shares of JPMorgan Chase & Co. (NYSE:JPM) shot up 4.2% during trading on Wednesday. The company traded as high as $352.33 and last traded at $352.1380. 10,180,710 shares traded hands during mid-day trading, an increase of 13% from the average daily volume of 9,022,130 shares. The stock had previously closed at $337.98.

Key JPMorgan Chase & Co. News

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

• Positive Sentiment: JPMorgan’s disciplined duration management and stable deposits may help protect its balance sheet if rates remain high. However, funding costs and regulatory exposure are still risks. JPM Flags Higher Rate Risks: Can Its Balance Sheet Stay Resilient?
• Positive Sentiment: ETFs bought about $65.6 million of JPM shares on Nov. 4, a supportive demand signal, though one day of flows may not indicate a lasting trend. 42 ETFs Add to JPMorgan Chase (JPM) on Nov. 4
• Neutral Sentiment: JPMorgan’s M&A chief expects a softer 2027, but suggested private-equity firms may eventually need to sell assets, potentially improving exit activity. JPMorgan’s M&A chief sees softer 2027—but a potential upside surprise in private equity exits
• Negative Sentiment: Senate Finance Committee Democrats plan to scrutinize JPMorgan’s relationship with Epstein and how senior executives handled it. The probe could prolong reputational and regulatory uncertainty; the reports do not establish wrongdoing. Democrats to probe JPMorgan’s relationship with Epstein when they take Senate control

Analyst Upgrades and Downgrades

JPM has been the subject of a number of research analyst reports. Truist Financial raised their price target on shares of JPMorgan Chase & Co. from $352.00 to $361.00 and gave the stock a “hold” rating in a report on Wednesday, October 14th. Citigroup cut their target price on JPMorgan Chase & Co. from $360.00 to $350.00 and set a “neutral” rating on the stock in a research report on Thursday, October 15th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, October 14th. Bank of America boosted their price target on JPMorgan Chase & Co. from $408.00 to $420.00 and gave the company a “buy” rating in a research note on Thursday, July 16th. Finally, Barclays raised their price objective on JPMorgan Chase & Co. from $420.00 to $425.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and thirteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and an average target price of $368.33.

JPMorgan Chase & Co. Price Performance

The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.31. The stock has a market capitalization of $889.61 billion, a price-to-earnings ratio of 14.04, a PEG ratio of 1.39 and a beta of 1.03. The stock has a 50-day moving average price of $341.87 and a 200 day moving average price of $323.78.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Tuesday, October 13th. The financial services provider reported $5.75 earnings per share for the quarter, missing analysts’ consensus estimates of $5.94 by ($0.19). The business had revenue of $50.17 billion during the quarter, compared to analyst estimates of $51.23 billion. JPMorgan Chase & Co. had a return on equity of 18.48% and a net margin of 21.85%. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the previous year, the company posted $5.07 EPS. As a group, equities research analysts expect that JPMorgan Chase & Co. will post 23.95 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, October 31st. Shareholders of record on Tuesday, October 6th were given a dividend of $1.65 per share. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.50. This represents a $6.60 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Tuesday, October 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 27.68%.

Insider Transactions at JPMorgan Chase & Co.

In related news, insider Robin Leopold sold 2,500 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $352.81, for a total value of $882,025.00. Following the sale, the insider directly owned 71,047 shares in the company, valued at approximately $25,066,092.07. The trade was a 3.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.41% of the stock is currently owned by insiders.

Institutional Investors Weigh In On JPMorgan Chase & Co.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Aberdeen Group plc increased its stake in shares of JPMorgan Chase & Co. by 3.7% in the third quarter. Aberdeen Group plc now owns 2,470,085 shares of the financial services provider’s stock worth $817,178,000 after acquiring an additional 89,051 shares during the last quarter. Moors & Cabot Inc. increased its holdings in shares of JPMorgan Chase & Co. by 1.1% in the third quarter. Moors & Cabot Inc. now owns 124,852 shares of the financial services provider’s stock valued at $41,305,000 after purchasing an additional 1,328 shares in the last quarter. Compass Capital Management Inc. grew its holdings in JPMorgan Chase & Co. by 20.5% during the third quarter. Compass Capital Management Inc. now owns 11,815 shares of the financial services provider’s stock valued at $3,909,000 after purchasing an additional 2,011 shares during the period. Valmark Advisers Inc. boosted its position in shares of JPMorgan Chase & Co. by 4.2% during the third quarter. Valmark Advisers Inc. now owns 37,981 shares of the financial services provider’s stock worth $12,565,000 after buying an additional 1,524 shares during the period. Finally, William Blair Investment Management LLC raised its holdings in JPMorgan Chase & Co. by 12.0% during the third quarter. William Blair Investment Management LLC now owns 19,137 shares of the financial services provider’s stock worth $6,331,000 after acquiring an additional 2,049 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a global financial services company serving consumers, businesses, institutional clients and governments. Its operations include consumer and community banking, corporate and investment banking, commercial banking, and asset and wealth management.

The company offers services such as deposit accounts, credit cards, mortgages, auto financing, lending, payment processing and investment advice. It also provides institutional clients with investment banking, markets, treasury and securities services, and commercial lending.

Headquartered in New York City, JPMorgan Chase serves customers across the United States and operates in many international markets.