How to Buy Jpmorgan Chase & Co Stock
Jpmorgan Chase & Co
Jpmorgan Chase & Co is a diversified bank company located in New York, United States, which is part of the Financial Services sector, and is traded under the ticker JPM on the NYSE exchange.
Jpmorgan Chase & Co stock last closed at $204.79, up 1.15% from the previous day, and has increased 47.92% in one year. It has overperformed other stocks in the Banks - Diversified industry by 0.21 percentage points. Jpmorgan Chase & Co stock is currently +52.37% from its 52-week low of $134.40, and -0.13% from its 52-week high of $205.05.
As of May 17, 2024, there are 2.87B JPM shares outstanding. The market value of JPM is $588.09B. In the last 24 hours, 9.17M JPM shares were traded.
How to Buy Jpmorgan Chase & Co Stock
Wondering how to invest in Jpmorgan Chase & Co stock? Here's how.
- Choose where to buy Jpmorgan Chase & Co stock: You need to choose an online brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you figure out where to buy Jpmorgan Chase & Co stock.
- Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Fund your brokerage account: Select your method of payment and add your info.
- Analyze Jpmorgan Chase & Co stock: The Jpmorgan Chase & Co ticker symbol is JPM. Is Jpmorgan Chase & Co stock a good investment? Should you buy shares of JPM? How do JPM's underlying business fundamentals look? Do top analysts think Jpmorgan Chase & Co is a good buy? Why has JPM's stock price moved recently? (Hint: Our stock research tools can help you figure out if JPM is a good stock to buy).
- Place your JPM trade: Decide if you will purchase JPM shares at the current market price or use a limit order to purchase JPM stock at a given price.
- Get key alerts regarding your investment in JPM: Create a watchlist to watch your investment in Jpmorgan Chase & Co shares.
Step 1: Choose where to buy Jpmorgan Chase & Co stock
You need a brokerage account in order to access the NYSE market and buy JPM stock.
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Open eToro AccountStep 2: Create a brokerage account
Now that you've chosen the right brokerage, you'll need to fill out some personal details so you can buy JPM stock today.
How to Set Up a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal info to open a new brokerage account.
- Send your details by clicking the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you've filled out your info on one of the most highly reviewed stock trading apps, you need to deposit funds:
Watch the walkthrough below if you need help depositing funds into your new brokerage account.
Step 4: Analyze Jpmorgan Chase & Co stock
After you have chosen the best place to buy Jpmorgan Chase & Co stock, it's crucial to evaluate their stock before you buy, so you can comprehend the risk and opportunity.
Overview of key JPM info
Jpmorgan Chase & Co Fundamentals
WallStreetZen was built to help average investors do more accurate fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on JPM's stock page.
Is JPM stock overvalued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge JPM's intrinsic value.
Using relative valuations ratios:
- JPM may be undervalued based on its P/E ratio of 12.34x, relative to Banks - Diversified industry P/E ratio of 13.12x
- JPM could be overvalued based on its P/B ratio of 1.75x, relative to Banks - Diversified industry P/B ratio of 1.14x
You can do more valuation research on JPM's stock here.
JPM Financial Health Overview
Signs that JPM is financially healthy:
- JPM profit margin has gone up from 29.5% to 30% in the past year.
Signs that JPM is not financially healthy:
- Total JPM debt is higher than 5 years ago, relative to shareholder equity.
- JPM has a relatively high debt to equity ratio of 11.15.
Is JPM stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 13 Equities analysts who give forecasts on JPM, the consensus analyst rating on Jpmorgan Chase & Co is a Strong Buy
It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.
Most Recent JPM Analyst Forecasts
Ken Usdin, a top 25% analyst from Jefferies maintains JPM with a strong buy rating and raises their JPM price target from $202.00 to $228.00, on Apr 8, 2024.
Jefferies's Ken Usdin raised their price target on Jpmorgan Chase & Co (NYSE: JPM) by 12.9% from $202 to $228 on 2024/04/08. The analyst maintained their Strong Buy rating on the stock.
Previewing names in their Financial Services (Banks - Diversified) portfolio ahead of Q1 2024's reporting season, Usdin reported that Jefferies made "modest" estimate revisions because it now expects "6 Fed cuts instead of 8 through 2025 (3 in each of 2024 and 2025), softer loan growth, and better capital markets fees.
Footnotes
"Yahoo Finance reports that the consensus estimate for JP Morgan's Q1 is $3.84, down from Q1 2023's $4.10.
Earnings Report
For Q1 2024, Jpmorgan Chase & Co reported:
- EPS of $4.63, which beat the Zacks Consensus Estimate of $4.18 and, by 12.9%, Q1 2023’s $4.10.
- Revenue of $41.93B, which beat the Zacks Consensus Estimate by 2.52% and, by 9.3%, Q1 2023’s $38.35B.
- Average loans up 16% Y/Y.
- Average deposits up 2% Y/Y.
- AUM (Asset Under Management) of $3.6T, up 19% Y/Y.
Consistent with the practice in the banking sector, management did not provide financial guidance in its press release or earnings call.
Chairman & CEO Jamie Dimon commented: “Many economic indicators continue to be favorable. However, looking ahead, we remain alert to a number of significant uncertain forces.
“First, the global landscape is unsettling – terrible wars and violence continue to cause suffering, and geopolitical tensions are growing.
“Second, there seems to be a large number of persistent inflationary pressures, which may likely continue.
“And finally, we have never truly experienced the full effect of quantitative tightening on this scale.
“We do not know how these factors will play out, but we must prepare the firm for a wide range of potential environments to ensure that we can consistently be there for clients.
“We continue to be a pillar of strength for our clients, communities and markets across the world – while also delivering for shareholders.
“This quarter, we grew customers, continued to position the firm for the future, maintained our fortress principles, raised the dividend and played a critical role in driving economic growth by extending credit and raising capital totaling more than $655B.”
David Konrad, a top 12% analyst from Keefe, Bruyette & Woods maintains JPM with a hold rating and raises their JPM price target from $182.00 to $195.00, on Apr 5, 2024.
Glenn Schorr, a top 18% analyst from Evercore ISI Group maintains JPM with a buy rating and raises their JPM price target from $188.00 to $210.00, on Apr 4, 2024.
Gerard Cassidy, a top 6% analyst from RBC Capital reiterates JPM with a buy rating and maintains their JPM price target from $185.00 to $185.00, on Mar 20, 2024.
Mike Mayo, a top 9% analyst from Wells Fargo maintains JPM with a strong buy rating and raises their JPM price target from $200.00 to $220.00, on Mar 20, 2024.
You can dive deeper into what analysts are saying on the Jpmorgan Chase & Co stock forecast page.
JPM Trading Indicators
JPM Performance Metrics
Last year, JPM earnings were $48.51B. In the past 5 year, JPM's earnings have increased by 12.25% per year. This was faster than the Banks - Diversified industry average of 6.25%.
Last year, JPM revenue was $161.69B. In the last five year, JPM's revenue has increased by 8.01% per year. This was faster than the Banks - Diversified industry average of 3.41%.
Dig into JPM's earnings and revenue performance here.
What are JPM insiders up to?
In the past 12 months, insiders at JPM have sold more shares than they have bought.
Marianne Lake, CEO CCB of JPM, was the latest JPM insider to sell. They sold $2,347,069.88 worth of JPM stock on May 14, 2024.
Learn more about who owns JPM stock here.
Does JPM provide a stable income stream?
Jpmorgan Chase & Co pays a dividend of 2.08%, compared to the Banks - Diversified industry's average dividend yield of 4.42%. If you owned $1,000 of JPM stock, you would have received $20.75 in the past 12 months.
Jpmorgan Chase & Co dividend payments have consistently grown over the past decade and have remained stable.
Get more analysis about Jpmorgan Chase & Co dividend yield and history here.
JPM Social Trading Data
One of the reasons eToro is our highest-rated brokerage is because of its social trading community.
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Step 5: Place your JPM trade
There are two main order types:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are mostly the best for newer investors. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a specific price, place a limit order.
Hit the Open button and eToro will execute your order.
If you need additional help buying stocks on eToro, watch the helpful video below:
Step 6: Get key alerts regarding your investment in JPM
Now that you own some shares in JPM, you'll want to stay up-to-date on your shares.
Put JPM on a watchlist to get the latest updates about your JPM stock.
JPM Feed
How to Buy Stock in Jpmorgan Chase & Co
To summarize, here are the 6 steps to buy stock in Jpmorgan Chase & Co:
- Choose where to buy Jpmorgan Chase & Co stock
- Create a brokerage account
- Fund your brokerage account
- Analyze Jpmorgan Chase & Co stock
- Place your JPM trade
- Get key alerts regarding your investment in JPM
If you need a place to buy stocks, eToro is our recommended venue.
Get Started with eToro TodayIf you want to get notifications regarding your investment in Jpmorgan Chase & Co, hit the button below to create your watchlist.
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