JPMorgan Chase & Co (JPM)

JPM (NYSE:Banking) EQUITY
$57.24
neg -2.40
-4.00%
Today's Range: 57.32 - 58.75 | JPM Avg Daily Volume: 14,688,900
Last Update: 06/27/16 - 11:05 AM EDT
Volume: 11,053,984
YTD Performance: -9.74%
Open: $58.71
Previous Close: $59.60
52 Week Range: $50.07 - $70.61
Oustanding Shares: 3,656,658,925
Market Cap: 234,209,004,146
6-Month Chart
TheStreet Ratings Grade for JPM
Buy Hold Sell
A+ A A- B+ B B- C+ C C- D+ D D- E+ E E- F
TheStreet Ratings is the source for accurate ratings that you can rely upon to make sound, informed financial decisions. Click here to find out about our methodology.
Analysts Ratings
Historical Rec Current 1 Mo. Ago 2 Mo. Ago 3 Mo. Ago
Strong Buy 12 11 11 11
Moderate Buy 2 2 2 2
Hold 4 4 5 4
Moderate Sell 0 0 0 0
Strong Sell 1 1 1 1
Mean Rec. 1.74 1.78 1.84 1.78
Latest Dividend: 0.48
Latest Dividend Yield: 3.00%
Dividend Ex-Date: 07/01/16
Price Earnings Ratio: 10.86
Price Earnings Comparisons:
JPM Sector Avg. S&P 500
10.86 10.90 12.90
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
0.20% -13.65% 17.05%
GROWTH 12 Mo 3 Yr CAGR
Revenue -1.10 -0.10 -0.02
Net Income 12.30 0.10 0.05
EPS 13.40 0.20 0.05
Earnings for JPM:
EBITDA 38.17B
Revenue 101.01B
Average Earnings Estimates
Qtr (06/16) Qtr (09/16) FY (12/16) FY (12/17)
Average Estimate $1.42 $1.44 $5.64 $6.31
Number of Analysts 11 9 12 11
High Estimate $1.52 $1.55 $5.90 $6.50
Low Estimate $1.33 $1.34 $5.42 $6.10
Prior Year $1.54 $1.32 $5.67 $5.64
Growth Rate (Year over Year) -7.85% 9.09% -0.49% 11.89%
Chart Benchmark
Average Frequency Timeframe
Indicator Chart Scale  
Symbol Comparison Bollinger Bands
The bank appears vulnerable to further declines.
Economic weakness and uncertainty will weigh on an already weak sector.
The big banks are about to be graded by the toughest of proctors.

My Takeaways and Observations Real Money Pro($)

The U.S. dollar strengthened. Crude oil climbed to $49.20, up $1.23. Gold slipped by three dollars to $1,291. Agricultural commodities got schmeissed: wheat -7, corn -17, soybean -12 and oats unchanged. Lumber +2. Bonds were hit as the flight to safety dissipated. The yield on the 10-year note rose by five basis points to 1.666% (yikes!) and the long bond increased by an equivalent amount to a 2.47% yield. The 2s/10s spread steepened a bit to 93 basis points. Municipals sold off and so did closed-end muni bond funds. High yield was stronger. Bank stocks prospered, but were well off their early-morning highs. As I mentioned, C is trading under $43 a share after trading over $44. Bank of America (BAC) and JPMorgan Chase (JPM) gains "twittered" away. Insurance stocks rallied, but like banks, were lower than the a.m. levels. Brokerages were better, but they, too, were well off their highs. Retail showed small gains. FL, my short, was up $1 earlier in the day but closed just seven cents higher than Friday's close. Nordstrom (JWN) was up only two bits after some horrible underperformance. Biotech rallied after recent weakness, with iShares Nasdaq Biotechnology ETF (IBB) up $2.30. Energy stocks were higher, but only modestly so -- a continuing theme of the day. Old tech was mixed, with IBM (IBM) $1.60 higher leading the upside. (T)FANG was strong, led by Alphabet (GOOGL), Tesla (TSLA) and Amazon (AMZN). NFLX was lower on the NYT article I mentioned. Agricultural equipment traded higher despite CAT's 42nd consecutive month of lower dealer retail sales. Media was mixed. In individual stocks, Oaktree Capital Group (OAK) and TWTR rose. So did long fav DuPont (DD), but all were only marginally higher after better gains earlier. Apple (AAPL) was a clear underperformer, flat on the day. In sectors, Consumer Staples Select Sector SPDR ETF (XLP) and Material Select Sector SPDR ETF (XLB) were a tad higher. Here is some value-added commentary on the site: Jim "El Capitan" Cramer on a new oil-inspired dynamic in the marketplace.  Jeremy LaKosh on changing inflation expectations. I will be addressing this subject during the week. "Meet" Brett Jensen And "His Son Elroy" on three biotech opportunities.  Rev Shark wants to exit the Brexit chatter .  Sham "The" Gad "And the Pharoahs" on spin-off opportunities. Wooly bully!
But if the April 27 low is taken out instead, this setup is a bust.
The takeaway from the latest Fed spectacle may be to invest nothing long-term in the stock market. 
This stock needs a cathartic whoosh down from adherents throwing in the towel.
The Fed holds off on raising rates while JPMorgan Chase says it will donate to Orlando recovery efforts. 

Columnist Conversations

In just a couple of days, the US equity markets have lost well over 6% from the highs in after hours (futures ...
It wouldn't be shocking to see a nice turnaround later today after all the pent-up, and margin call selling is...
we had long spy call as part of a strangle, we'll exit here SOLD SPY JULY 209 CALL AT .47 (in at 3)
We are letting the dust settle before we weigh in on stepping up and taking advantage of the current sell off ...

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