The time has not yet come to remove your chips from the table: JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. (NYSE: JPM) stock fell -1.56% on Friday to $112.43 against a previous-day closing price of $114.21. With 14.79 million shares changed hands, the volume of the stock remained heavier than its average volume of 13.27 million shares. During the session, the Banks – Diversified company that operates in wider Financial sector, reached to the highest price of $114.39 whereas the lowest price it dropped to was $112.27. The 52-week range on JPM shows that it touched its highest point at $172.96 and its lowest point at $106.06 during that stretch. It currently has a 1-year price target of $139.49. With its current market cap of 329.87 billion, JPM has annualized dividend of $4.00 while the current yield stands at 3.56%. Beta for the stock currently stands at 1.12.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of JPM was down-trending over the past week, with a drop of -0.87%, but this was down by -1.42% over a month. Three-month performance dropped to -6.66% while six-month performance fell -24.34%. The stock lost -25.63% in the past year, while it has lost -29.00% so far this year. A look at the trailing 12-month EPS for JPM yields 12.46 with Next year EPS estimates of 12.57. For the next quarter, that number is 2.96. This implies an EPS growth rate of 73.10% for this year and 12.23% for next year. EPS is expected to grow by 1.07% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 19.90%.

Float and Shares Shorts:

At present, 2.98 billion JPM shares are outstanding with a float of 2.91 billion shares on hand for trading. On Jul 14, 2022, short shares totaled 17.73 million, which was 0.60% higher than short shares on Jun 14, 2022. In addition to Mr. James Dimon as the firm’s Chairman & CEO, Mr. Daniel Eduardo Pinto serves as its Pres & COO.

Institutional Ownership:

Through their ownership of 71.05% of JPM’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 36.90% of JPM, in contrast to 34.48% held by mutual funds. Shares owned by individuals account for 1.46%. As the largest shareholder in JPM with 8.68% of the stake, The Vanguard Group, Inc. holds 254,946,893 shares worth 254,946,893. A second-largest stockholder of JPM, SSgA Funds Management, Inc., holds 140,760,796 shares, controlling over 4.79% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in JPM, holding 135,697,841 shares or 4.62% stake. With a 2.95% stake in JPM, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 86,593,445 shares are owned by the mutual fund manager. The Vanguard 500 Index Fund, which owns about 2.21% of JPM stock, is the second-largest Mutual Fund holder. It holds 65,008,400 shares valued at 7.32 billion. SPDR S&P 500 ETF Trust holds 1.08% of the stake in JPM, owning 31,722,503 shares worth 3.57 billion.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. It generated $8.65B net income for the quarter, which came to $39.02B over the last twelve months.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for JPM since 28 analysts follow the stock currently. There are 14 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 11 believe that the stock is worth HOLDING, 2 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With JPM analysts setting a high price target of $174.00 and a low target of $117.00, the average target price over the next 12 months is $137.58. Based on these targets, JPM could surge 54.76% to reach the target high and rise by 4.06% to reach the target low. Reaching the average price target will result in a growth of 22.37% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. JPM will report FY 2022 earnings on 01/13/2023. Analysts have provided yearly estimates in a range of $11.85 being high and $9.84 being low. For JPM, this leads to a yearly average estimate of $11.18. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. JPMorgan Chase & Co. surprised analysts by -$0.13 when it reported $2.76 EPS against a consensus estimate of $2.89. The surprise factor in the prior quarter was -$0.07. Based on analyst estimates, the high estimate for the next quarter is $3.24 and the low estimate is $2.66. The average estimate for the next quarter is thus $2.96.

Summary of Insider Activity:

Insiders traded JPM stock several times over the past three months with 6 Buys and 0 Sells. In these transactions, 1,877 shares were bought while 0 shares were sold. The number of buy transactions has increased to 78 while that of sell transactions has risen to 38 over the past year. The total number of shares bought during that period was 1,870,815 while 1,150,126 shares were sold.

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