Trading JPMorgan Chase this Week

Will the Titans Fall During Brexit Week?

JPMorgan Chase & Company (NYSE: JPM) is currently trading at $62.28 per share, up 0.10% or $0.06 as at Friday, 17 June 2016. The year-to-date performance indicates a loss of 5.68% from an opening price of $66.03 to its current trading range. Based on its current price, JPMorgan Chase & Company has a market capitalization of $227.71 billion, with a 1-year target price of $71. The earnings-per-share is $5.90 and the P/E ratio (price-earnings) is a respectable 10.55. The 52-week trading range of the stock is $70.61 on the high-end and $50.07 on the low end.

News and Opinion for JPMorgan Chase & Company

JPMorgan will be reviewing Q1 2017 financials on 13 April 2017 and it will be releasing the results soon thereafter. As one of the world’s pre-eminent financial services firms, JPMorgan Chase & Company has assets totaling $2.4 trillion. Analysts with Thompson/First Call rate the stock as a buy, with a rating of 1.9 for the week ending Friday, 17 June, which is the same rating recommendation given to the stock for the previous week. On a scale of 1.0 (strong buy) to 5.0 (strong sell), the stock is clearly bullish. The high price target for the stock is $79 per share and the low price target is $65 per share.

The upgrades and downgrades for the stock in 2016 have largely been bearish, with the following research firms weighing in:

• On 11 January 2016, Goldman downgraded the stock from a buy to a neutral rating
• On 15 January 2016, Atlantic Equities upgraded the stock from a neutral to an overweight rating
• On 25 January 2016, Nomura downgraded the stock from a buy to a neutral rating
• On 22 February 2016, Portales Partners downgraded the stock from a sector perform to an underperform rating

The vast majority of recommendations are either a strong buy or a buy with a small minority of hold and underperform ratings. The company’s total assets have ranged between $2.36 trillion in 2012, $2.42 trillion in 2013, $2.57 trillion in 2014 and $2.35 trillion in 2015. Total liabilities in 2015 were $2.10 trillion and total equity in 2015 was measured at $247.57 billion. The company’s cash from operations was reported at $73.47 billion in 2015, cash from investing activities at $106.98 billion in 2015, and cash from financing activities at -$187.51 billion in 2015.

Technical Indicators

The stock is currently priced at $62.28 per share, and the 1-month trading range is $60.90 on the low end and $66.20 on the high-end. The 5-year trading range is $27.85 on the low end and $70.61 on the high end. Over a period of 52 weeks, the percentage of time that the stock has traded below its high is 11.80% and the percentage of time that the stock has traded below its 5-year high is also 11.80%. For the year-to-date, JPM growth is at 0.18%, global banks growth is at -5.65%, and the S&P 500 TR USD is at 3.57%. Presently, the stock is trading beneath the 20-Day SMA and it is beneath the upper and the lower Bollinger bands at this time. All of this indicates that the stock is underperforming and has good value for money as an investment.

JPMorgan Chase & Co Steering Clear of GOP-Convention

With the US presidential election coming up soon, major banks and financial institutions have been shying away from the GOP convention with Donald Trump at the helm. These financial institutions include Wells Fargo (WFC) and JPMorgan Chase among others. It is interesting to point out that these companies were the same ones that supported the Tampa Convention in 2012, but it should also be pointed out that these companies will not be sponsors of the DNC (Democratic National Convention) either.