JPMorgan Chase & Co. (NYSE:JPM) Stock Falls 1.8% – Should You Sell?

JPMorgan Chase & Co. (NYSE:JPM)’s share price fell 1.8% during mid-day trading on Monday. The stock traded as low as $336.30 and last traded at $336.9180. Approximately 9,735,512 shares changed hands during trading, an increase of 5% from the average session volume of 9,285,454 shares. The stock had previously closed at $343.06.

Key JPMorgan Chase & Co. News

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

• Positive Sentiment: JPMorgan’s asset-management business is planning a $20 billion partnership with Qatar Investment Authority, with JPMorgan expected to manage approximately $15 billion across public and private markets. The agreement could strengthen long-term fee revenue and institutional relationships. QIA partnership article
• Positive Sentiment: JPMorgan ETFs attracted nearly $600 million in daily inflows, signaling continued investor demand for the bank’s asset-management products and supporting recurring fee income. ETF inflows article
• Positive Sentiment: JPMorgan strategists have turned more constructive on technology and artificial-intelligence stocks, citing stable bond markets and falling oil prices. The more optimistic market stance may support trading and investment-banking activity. JPMorgan technology outlook article
• Neutral Sentiment: JPMorgan CEO Jamie Dimon is advocating a broad U.S.-Europe free-trade agreement and the bank is backing Michigan LIFT, a manufacturing and supply-chain initiative. These efforts raise JPMorgan’s policy profile but have limited near-term earnings impact. Michigan LIFT and trade article
• Neutral Sentiment: HSBC raised its JPMorgan price target to $377 from $369 but retained a Hold rating, indicating analysts see upside while remaining cautious about valuation and the banking outlook. HSBC price-target article
• Negative Sentiment: Wells Fargo hired JPMorgan technology banker David Harkin to co-lead its technology-deals team. The loss of a senior dealmaker could weigh modestly on JPMorgan’s investment-banking franchise. David Harkin departure article
• Negative Sentiment: JPMorgan expects “shock-driven” inflation to keep the Federal Reserve under pressure to raise rates. Higher rates can benefit net interest income, but persistent inflation and tighter policy could weaken loan demand, markets and credit quality. JPMorgan Fed outlook article

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Weiss Ratings raised shares of JPMorgan Chase & Co. from a “buy (b)” rating to a “buy (b+)” rating in a research note on Wednesday, September 2nd. Jefferies Financial Group reiterated a “neutral” rating on shares of JPMorgan Chase & Co. in a report on Friday, September 25th. Truist Financial increased their price target on JPMorgan Chase & Co. from $344.00 to $352.00 and gave the company a “hold” rating in a research note on Wednesday, July 15th. HSBC raised their price objective on JPMorgan Chase & Co. from $369.00 to $377.00 and gave the company a “hold” rating in a report on Monday. Finally, Wells Fargo & Company increased their target price on JPMorgan Chase & Co. from $375.00 to $390.00 and gave the company an “overweight” rating in a research report on Friday, August 14th. Sixteen research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and a consensus price target of $363.29.

JPMorgan Chase & Co. Price Performance

The company has a fifty day simple moving average of $353.53 and a 200 day simple moving average of $326.38. The stock has a market capitalization of $890.37 billion, a price-to-earnings ratio of 14.35, a P/E/G ratio of 1.38 and a beta of 0.98. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.85 and a current ratio of 0.85.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share for the quarter, beating the consensus estimate of $5.59 by $0.55. JPMorgan Chase & Co. had a return on equity of 18.23% and a net margin of 21.86%.The company had revenue of $58.02 billion during the quarter, compared to analysts’ expectations of $50.72 billion. During the same quarter in the prior year, the firm posted $4.96 earnings per share. The business’s quarterly revenue was up 27.7% on a year-over-year basis. Equities research analysts forecast that JPMorgan Chase & Co. will post 24.29 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, October 31st. Shareholders of record on Tuesday, October 6th will be given a dividend of $1.65 per share. The ex-dividend date of this dividend is Tuesday, October 6th. This represents a $6.60 dividend on an annualized basis and a yield of 2.0%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.50. JPMorgan Chase & Co.’s payout ratio is currently 28.28%.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $352.81, for a total transaction of $882,025.00. Following the completion of the transaction, the insider owned 71,047 shares in the company, valued at approximately $25,066,092.07. This trade represents a 3.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.41% of the company’s stock.

Hedge Funds Weigh In On JPMorgan Chase & Co.

Hedge funds and other institutional investors have recently bought and sold shares of the company. MBM Wealth Consultants LLC bought a new stake in JPMorgan Chase & Co. in the first quarter worth approximately $29,000. Aventus Investment Advisors Inc. acquired a new stake in shares of JPMorgan Chase & Co. during the 2nd quarter worth approximately $33,000. Osbon Capital Management LLC bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at $35,000. Timbuktu Capital Management LLC acquired a new position in shares of JPMorgan Chase & Co. during the 2nd quarter valued at $50,000. Finally, NI Acquisitions Company LLC acquired a new position in shares of JPMorgan Chase & Co. during the 2nd quarter valued at $51,000. Institutional investors and hedge funds 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, investment banking, asset management, private banking, commercial banking, consumer lending and payment services to individuals, businesses, institutions and governments.

The company operates through major business areas that include Consumer & Community Banking, Commercial & Investment Banking, and Asset & Wealth Management. Its products and services include deposit accounts, credit cards, mortgages, auto loans, business financing, investment and advisory services, securities trading and custody, payment processing, and wealth-management solutions.

JPMorgan Chase serves customers in the United States and maintains operations and client relationships across international markets.