News articles about J P Morgan Chase & Co (NYSE:JPM) have trended somewhat positive on Saturday, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. J P Morgan Chase & Co earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 45.9360816214158 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- SEC drops case against ex-JPMorgan traders over ‘London Whale’ – Reuters (reuters.com)
- Toronto Dominion Bank Buys A Little More JP Morgan Chase & Co. (JPM) Stock – Modern Readers (modernreaders.com)
- Investing In JPMorgan For The Long Term – Seeking Alpha (seekingalpha.com)
- JPMorgan Chase : SEC to Drop Civil Charges Against Ex-J.P. Morgan ‘London Whale’ Traders (4-traders.com)
- Investors Sell Shares of JP Morgan Chase & Co (JPM) on Strength (JPM) (techkenyot.com)
Shares of J P Morgan Chase & Co (NYSE:JPM) traded up 0.10% during mid-day trading on Friday, reaching $90.74. 13,040,738 shares of the company’s stock traded hands. The stock has a market capitalization of $319.27 billion, a PE ratio of 13.39 and a beta of 1.19. The company’s 50-day moving average price is $92.32 and its 200-day moving average price is $88.70. 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 earnings results on Friday, July 14th. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.23. The company had revenue of $25.50 billion for the quarter, compared to analyst estimates of $24.38 billion. J P Morgan Chase & Co had a net margin of 24.13% and a return on equity of 11.53%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.55 EPS. Analysts anticipate that J P Morgan Chase & Co will post $6.81 earnings per share for the current year.
Several equities analysts have recently weighed in on the company. BidaskClub raised J P Morgan Chase & Co from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Vetr cut J P Morgan Chase & Co from a “strong-buy” rating to a “buy” rating and set a $97.41 target price on the stock. in a report on Monday, June 12th. Vining Sparks raised J P Morgan Chase & Co to an “outperform” rating and set a $95.00 target price on the stock in a report on Thursday, April 27th. Zacks Investment Research cut J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $85.00 target price on shares of J P Morgan Chase & Co in a report on Thursday, June 1st. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twenty have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $85.53.
In other news, CFO Marianne Lake sold 17,596 shares of the firm’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $91.58, for a total value of $1,611,441.68. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Nicole Giles sold 1,000 shares of the firm’s stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $91.29, for a total transaction of $91,290.00. Following the completion of the sale, the insider now owns 3,783 shares in the company, valued at $345,350.07. The disclosure for this sale can be found here. 0.85% of the stock is owned by corporate insiders.
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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