JPMorgan Chase & Co. (JPM) Receiving Somewhat Favorable News Coverage, Analysis Finds
News articles about JPMorgan Chase & Co. (NYSE:JPM) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. JPMorgan Chase & Co. earned a news impact score of 0.17 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 46.6264381108649 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- JPMorgan Continues Bitcoin FUD: ‘It’s Not A Ponzi, It’s Air Miles’ (insidebitcoins.com)
- Broker Forecast – JP Morgan Cazenove issues a broker note on Royal Dutch Shell (youinvest.co.uk)
- $26.83 Billion in Sales Expected for JPMorgan Chase & Co. (JPM) This Quarter (americanbankingnews.com)
- JPMorgan Chase & Co. (JPM) Raised to “Buy” at Zacks Investment Research (americanbankingnews.com)
- Rio Tinto (RIO) Stock Rating Reaffirmed by JPMorgan Chase & Co (nismagazine.com)
Shares of JPMorgan Chase & Co. (NYSE:JPM) traded up $1.32 during trading hours on Monday, reaching $114.33. The company had a trading volume of 12,472,567 shares, compared to its average volume of 15,015,286. JPMorgan Chase & Co. has a 1 year low of $81.64 and a 1 year high of $114.39. The company has a market cap of $396,690.00, a P/E ratio of 16.52, a price-to-earnings-growth ratio of 1.93 and a beta of 1.22. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.01.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, January 5th will be paid a dividend of $0.56 per share. The ex-dividend date is Thursday, January 4th. This represents a $2.24 annualized dividend and a yield of 1.96%. JPMorgan Chase & Co.’s payout ratio is 32.37%.
JPM has been the subject of several recent analyst reports. Vetr downgraded JPMorgan Chase & Co. from a “sell” rating to a “strong sell” rating and set a $93.51 price target for the company. in a research note on Wednesday, January 10th. Credit Suisse Group upgraded JPMorgan Chase & Co. to a “buy” rating and set a $120.00 price target for the company in a research note on Friday, January 5th. Vining Sparks reiterated a “buy” rating and set a $120.00 price target on shares of JPMorgan Chase & Co. in a research note on Friday, January 12th. Bank of America set a $102.00 price target on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research note on Friday, October 13th. Finally, Oppenheimer reiterated a “hold” rating on shares of JPMorgan Chase & Co. in a research note on Thursday, October 12th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have issued a buy rating to the company’s stock. JPMorgan Chase & Co. currently has an average rating of “Hold” and an average price target of $105.81.
In related news, General Counsel Stacey Friedman sold 2,099 shares of the stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $101.96, for a total transaction of $214,014.04. Following the completion of the sale, the general counsel now owns 15,279 shares in the company, valued at approximately $1,557,846.84. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Mary E. Erdoes sold 65,101 shares of the stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $112.25, for a total value of $7,307,587.25. Following the sale, the chief executive officer now owns 479,882 shares of the company’s stock, valued at approximately $53,866,754.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 154,146 shares of company stock valued at $17,312,129. 0.88% of the stock is owned by corporate insiders.
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JPMorgan Chase & Co. Company Profile
JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.
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