JPMorgan Chase & Co. (NYSE:JPM) Shares Climb 4.2% – Still a Buy?

JPMorgan Chase & Co. (NYSE:JPM) shares rose 4.2% during trading on Wednesday. The company traded as high as $352.33 and last traded at $352.1380. Approximately 10,180,710 shares changed hands during trading, an increase of 13% from the average session volume of 9,022,130 shares. The stock had previously closed at $337.98.

Key Stories Impacting JPMorgan Chase & Co.

Here are the key news stories impacting JPMorgan Chase & Co. this week:

• Positive Sentiment: UBS raised its price target on JPMorgan to $400 from $395 and reiterated a Buy rating, adding to bullish analyst sentiment. Article: JPMorgan Chase stock price expected to rise
• Positive Sentiment: JPMorgan Payments is expanding digital treasury and receivables capabilities. Its new integration with Embat connects clients’ bank accounts to Embat’s treasury platform, while a separate cash-application tool aims to automate invoice matching—developments that could improve client retention and support payments growth. Article: Embat partnership Article: Receivables Matching launch
• Positive Sentiment: The bank opened a private-banking branch in Dubai’s DIFC and is adding wealth-advisory talent. The expansion could help JPMorgan attract regional clients and grow assets and fee revenue over time, though financial benefits may take time to materialize. Article: Dubai private banking branch
• Neutral Sentiment: JPMorgan filed its quarterly Form 10-Q, but the report announcement itself did not highlight new financial results or guidance that would materially change the outlook. Article: Form 10-Q filing

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. TD Cowen began coverage on JPMorgan Chase & Co. in a research note on Thursday, October 8th. They issued a “hold” rating and a $370.00 price objective on the stock. Truist Financial lifted their price objective on shares of JPMorgan Chase & Co. from $352.00 to $361.00 and gave the company a “hold” rating in a research note on Wednesday, October 14th. Morgan Stanley boosted their target price on shares of JPMorgan Chase & Co. from $370.00 to $377.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 14th. Deutsche Bank Aktiengesellschaft raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $375.00 target price on the stock in a research note on Wednesday, July 22nd. Finally, UBS Group raised their price target on shares of JPMorgan Chase & Co. from $395.00 to $400.00 and gave the stock a “buy” rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $368.33.

JPMorgan Chase & Co. Trading Up 4.2%

The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.31. The firm’s 50-day moving average is $342.75 and its 200-day moving average is $323.28. The firm has a market cap of $936.05 billion, a price-to-earnings ratio of 14.77, a P/E/G ratio of 1.34 and a beta of 1.03.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Tuesday, October 13th. The financial services provider reported $5.75 earnings per share for the quarter, missing analysts’ consensus estimates of $5.94 by ($0.19). The business had revenue of $50.17 billion during the quarter, compared to analyst estimates of $51.23 billion. JPMorgan Chase & Co. had a return on equity of 18.48% and a net margin of 21.85%. The company’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.07 EPS. As a group, sell-side analysts anticipate that JPMorgan Chase & Co. will post 23.95 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, October 31st. Shareholders of record on Tuesday, October 6th were paid a dividend of $1.65 per share. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.50. The ex-dividend date was Tuesday, October 6th. This represents a $6.60 annualized dividend and a yield of 1.9%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.68%.

Insider Transactions at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 2,500 shares of the company’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $352.81, for a total value of $882,025.00. Following the completion of the sale, the insider owned 71,047 shares in the company, valued at $25,066,092.07. This represents a 3.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.41% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On JPMorgan Chase & Co.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Gryphon Financial Partners LLC increased its position in JPMorgan Chase & Co. by 0.3% in the third quarter. Gryphon Financial Partners LLC now owns 35,409 shares of the financial services provider’s stock worth $11,714,000 after purchasing an additional 113 shares during the last quarter. Fairscale Capital LLC lifted its position in JPMorgan Chase & Co. by 0.9% during the third quarter. Fairscale Capital LLC now owns 6,940 shares of the financial services provider’s stock valued at $2,350,000 after purchasing an additional 64 shares during the last quarter. Leuthold Group LLC grew its stake in shares of JPMorgan Chase & Co. by 9.5% in the 3rd quarter. Leuthold Group LLC now owns 34,045 shares of the financial services provider’s stock worth $11,263,000 after buying an additional 2,946 shares in the last quarter. Midwest Capital Advisors LLC grew its stake in shares of JPMorgan Chase & Co. by 31.1% in the 3rd quarter. Midwest Capital Advisors LLC now owns 426 shares of the financial services provider’s stock worth $141,000 after buying an additional 101 shares in the last quarter. Finally, Palacios Wealth Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 1.8% in the 3rd quarter. Palacios Wealth Management LLC now owns 7,894 shares of the financial services provider’s stock worth $2,612,000 after buying an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a global financial services company headquartered in New York City. Through its businesses, the company provides banking, lending, investment banking, payments, asset management and wealth management services to individuals, businesses, governments and institutional clients.

Its major business segments include Consumer & Community Banking, which offers deposit accounts, credit cards, mortgages, auto loans and other financial products; Commercial & Investment Banking, which provides corporate lending, advisory, underwriting, trading, treasury and payments services; and Asset & Wealth Management, which serves individual and institutional investors with investment management, brokerage and related advisory services.

JPMorgan Chase serves customers in the United States and operates internationally through offices and businesses in major financial centers around the world.