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.
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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.
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You can see all of the due diligence checks on JPM's stock page.
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge JPM's intrinsic value.
Using relative valuations methods:
You can do more valuation research on JPM's stock here.
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.
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."
Jpmorgan Chase & Co reported:
For Q4 2023:
For FY 2023:
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.
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.
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.
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.
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