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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 $200.30, up 0.39% from the previous day, and has increased 55.42% in one year. It has overperformed other stocks in the Banks - Diversified industry by 0.26 percentage points. Jpmorgan Chase & Co stock is currently +58.69% from its 52-week low of $126.22, and -0.21% from its 52-week high of $200.72.

As of Mar 28, 2024, there are 2.88B JPM shares outstanding. The market capitalization of JPM is $576.94B. In the last 24 hours, 8.57M JPM shares were traded.

How to Buy Jpmorgan Chase & Co Stock

Not sure how to invest in Jpmorgan Chase & Co stock? Here's how.
  1. Choose where to buy Jpmorgan Chase & Co stock: You need to choose a stock brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you determine where to buy Jpmorgan Chase & Co stock.
  2. Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
  3. Fund your brokerage account: Pick your method of payment and add your details.
  4. 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 website can help you figure out if JPM is a good stock to buy).
  5. Place your JPM trade: Decide if you will purchase JPM shares at the current market price or use a limit order to purchase JPM shares at a given price.
  6. Get key alerts regarding your investment in JPM: Create a watchlist to get live updates on your position in Jpmorgan Chase & Co stock.

Step 1: Choose where to buy Jpmorgan Chase & Co stock

You need an online brokerage account to access the NYSE market and buy JPM shares.

A brokerage account is an investment account that enables you to buy and sell a number of investments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Create a brokerage account

Now that you've selected the best brokerage, the next step is to fill out some personal details so you can invest in JPM stock today.

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  2. Provide your personal data to open your new brokerage account.
  1. Send your information by pressing the "Create Account" button.
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Step 3: Fund your brokerage account

Now that you've opened your account on the best investment app, you can securely and quickly fund your account:

Check out the tutorial below to see the process of transferring funds into your new investment account.

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Step 4: Analyze Jpmorgan Chase & Co stock

After you have chosen the best place to buy Jpmorgan Chase & Co stock, it's critical to analyze their stock prior to investing, so you actually wrap your head around the risk as well as the upside.

Jpmorgan Chase & Co stock at a glance

JPM Price
$200.30
1w %
0.62%
1y %
55.42%
5y %
98.89%
P/E
12.33x
P/B
1.76x
P/S
3.72x
PEG
N/A
Revenue
$158.10B
Earnings
$47.76B
Fore. Rev. Growth
0.79%
Fore. Earn. Growth
-0.34%
Market Cap
$576.94B
Next Earnings
Apr 12, 2024
Next Dividend
Apr 30, 2024

Jpmorgan Chase & Co Due Diligence Checks

WallStreetZen was created to help everyday investors perform better fundamental analysis in minutes instead of hours.

You can see all of the due diligence checks on JPM's stock page.

What is the fair value of JPM stock?

Analysts use a variety of different financial metrics, analyses, models, and charts to gauge JPM's intrinsic value.

Using relative valuations methods:

  • JPM could be undervalued based on its P/E ratio of 12.33x, relative to Banks - Diversified industry P/E ratio of 13.8x
  • JPM may be overvalued based on its P/B ratio of 1.76x, relative to Banks - Diversified industry P/B ratio of 1.14x

You can do more valuation research on JPM's stock here.

Is JPM a healthy company?

Signs that JPM is financially healthy:

  • JPM earnings of $59.82B is not sufficient to cover its interest payments.
  • JPM profit margin has gone up from 27.9% to 30.2% in the past year.

Signs that JPM is not financially healthy:

  • JPM has a relatively high debt to equity ratio of 10.82.
  • Total JPM debt is higher than 5 years ago, relative to shareholder equity.
  • JPM's operating cash flow of $12.97B allows it to safely service it's debt of $653.07B.

Do Wall Street analysts think it's a good time to buy JPM stock

Out of 9 sell side analysts who give ratings on JPM, the consensus analyst rating on JPM is a Strong Buy

Please keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.

Most Recent JPM Analyst Upgrades/Downgrades

James Fotheringham, a top 8% analyst from BMO Capital maintains JPM with a hold rating and raises their JPM price target from $192.00 to $194.00, on Jan 16, 2024.

BMO Capital's James Fotheringham raised their price target on Jpmorgan & Co (NYSE: JPM) by 1% from $192 to $194 on 2024/01/16. The analyst maintained their Hold rating on the stock.

Fotheringham reported that their price target hike was catalyzed by their review of Jpmorgan & Co's Q4 and FY 2023 earnings, reported on 2023/01/12.

The bank's higher-than-expected NII (Net Interest Income) was more than offset by higher-than-expected operating expenses, lower CIB revenues, higher credit costs, and lower buybacks, the analyst said to explain their reiterated Hold rating.

Nevertheless, and looking ahead, Jpmorgan will be a long-term market share gainer among U.S. banks, Fotheringham predicted, cautioning, however, that "buying the stock now, before the credit cycle has even begun, would be too early."

Earnings Report

Jpmorgan Chase & Co reported:

For Q4 2023:

  • EPS of $3.97, which beat the Zacks Consensus Estimate of $3.73.
  • Revenue of $38.57B, which missed the Zacks Consensus Estimate of $39.09B but was up 12% over Q4 2022.

For FY 2023:

  • EPS of $16.23, up 34.2% from FY 2022's $12.09.
  • Revenue of $162.4B, up 22.8% from FY 2022's $132.3B.

As is the practice in the banking sector, management did not provide financial guidance.

Chairman & CEO Jamie Dimon commented: “We ended the year with a solid quarter, producing net income of $9.3B, or $12.1B excluding the FDIC special assessment and discretionary securities losses.

"Our record results in 2023 reflect over-earning on both NII and credit, but we remain confident in our ability to continue to deliver very healthy returns even after they normalize

"Our balance sheet remained extremely strong, with a CET1 ratio of 15.0%, a staggering $514B of total loss-absorbing capacity and $1.4T in cash and marketable securities.

"We continue to believe that the recent series of regulatory and legislative proposals, including Basel III endgame, could cause serious harm to consumers, businesses, and markets. We hope that regulators will make the necessary adjustments so the rules promote a strong financial system without causing undue consequences for end users. ...

"The U.S. economy continues to be resilient, with consumers still spending, and markets currently expect a soft landing.

"It is important to note that the economy is being fueled by large amounts of government deficit spending and past stimulus. There is also an ongoing need for increased spending due to the green economy, the restructuring of global supply chains, higher military spending and rising healthcare costs. This may lead inflation to be stickier and rates to be higher than markets expect.

"On top of this, there are a number of downside risks to watch. Quantitative tightening is draining over $900B of liquidity from the system annually, and we have never seen a full cycle of tightening.

"And the ongoing wars in Ukraine and the Middle East have the potential to disrupt energy and food markets, migration, and military and economic relationships, in addition to their dreadful human cost.

"These significant and somewhat unprecedented forces cause us to remain cautious. While we hope for the best, the past year demonstrated why we must be prepared for any environment."

Matthew O'Connor, a top 21% analyst from Deutsche Bank upgrades JPM to a strong buy rating and raises their JPM price target from $140.00 to $190.00, on Jan 9, 2024.

Ebrahim Poonawala, a top 19% analyst from Bank of America maintains JPM with a strong buy rating and raises their JPM price target from $177.00 to $188.00, on Jan 4, 2024.

Jason Goldberg, a bottom 9% analyst from Barclays maintains JPM with a strong buy rating and raises their JPM price target from $186.00 to $212.00, on Jan 2, 2024.

You can dive deeper into what analysts are projecting on the Jpmorgan Chase & Co stock forecast page.

JPM Technicals

SMA10
195.91
SMA20
192.14
SMA50
182.64
SMA100
171.21
SMA200
159.19
MACD
4.67
MACD Signal
4.37
MACD Histogram
0.3
RSI
72.9
Stochastic %K
85.69
Stochastic %D
75.25
StochRSI %K
44.78
StochRSI %D
33.34

JPM Earnings

Last year, JPM earnings were $47.76B. During the past five year, JPM's earnings have gone up by 12.44% per year. This was faster than the Banks - Diversified industry average of 6.89%.

Last year, JPM revenue was $158.10B. During the past five year, JPM's revenue has grown by 7.76% per year. This was faster than the Banks - Diversified industry average of 5.59%.

Dive into JPM's earnings and revenue performance here.

What are JPM insiders up to?

In the past 12 months, executives and large shareholders at JPM have sold more shares than they have bought.

Ashley Bacon, Chief Risk Officer of JPM, was the latest JPM insider to sell. They sold $4,093,389.30 worth of JPM shares on Mar 25, 2024.

Learn more about who owns JPM shares here.

Does JPM stock generate passive income?

Jpmorgan Chase & Co pays a dividend of 2.05%, compared to the Banks - Diversified industry's average dividend yield of 4.3%. If you owned $1,000 of JPM stock, you would have been paid $20.47 last year.

Jpmorgan Chase & Co dividend payments have consistently grown over the past decade and have remained stable.

Find more analysis about Jpmorgan Chase & Co dividend yield and history here.

What do other traders have to say about JPM?

One of the reasons eToro is our favorite brokerage is because of its social trading community.

Click below to learn what other traders have to say.

Step 5: Place your JPM trade

You have two main types of orders:

  • Market order: A market order is an order to buy or sell a security at the best available price.
    Market orders are mostly fine for most investors.
  • Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
    If you want to be sure you're buying or selling at a specific price limit, place a limit order.

Click the Open Trade button and your broker will place your order.

If you need additional help with buying stocks on eToro, click the helpful video below:

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Step 6: Get key alerts regarding your investment in JPM

Now that you own some JPM stock, you'll want to keep up with your company.

Put JPM on a watchlist to keep track of your JPM stock.

JPM Feed

How to Buy Stock in Jpmorgan Chase & Co

To summarize, here are the 6 steps to buy Jpmorgan Chase & Co stock:

  1. Choose where to buy Jpmorgan Chase & Co stock
  2. Create a brokerage account
  3. Fund your brokerage account
  4. Analyze Jpmorgan Chase & Co stock
  5. Place your JPM trade
  6. Get key alerts regarding your investment in JPM

If you are looking for a brokerage, eToro is our recommended venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to keep tabs on your new investment in Jpmorgan Chase & Co, create your watchlist below.

NYSE: JPM
$200.30+0.78 (+0.39%)
Updated Mar 28, 2024
Open eToro Account
NYSE: JPM
$200.30+0.78 (+0.39%)
Updated Mar 28, 2024
Open eToro Account

FAQ

How much does it cost to buy one Jpmorgan Chase & Co share?

As of Mar 28, 2024, it costs $200.30 to buy one share of Jpmorgan Chase & Co stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $100, you can buy 0.499 shares of JPM.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Jpmorgan Chase & Co stock?

According to 9 Wall Street analysts who monitor Jpmorgan Chase & Co, their consensus recommendation is to buy Jpmorgan Chase & Co stock.

What is the best way to buy Jpmorgan Chase & Co stock?

One way to place an order for Jpmorgan Chase & Co stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.