JPMorgan Chase & Co. (NYSE:JPM) Stock Falls 4.2% – Here’s What Happened

JPMorgan Chase & Co. (NYSE:JPM)’s stock price dropped 4.2% during trading on Thursday. The company traded as low as $335.93 and last traded at $337.4840. Approximately 12,775,998 shares were traded during trading, an increase of 41% from the average daily volume of 9,037,038 shares. The stock had previously closed at $352.11.

Trending Headlines about JPMorgan Chase & Co.

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

• Positive Sentiment: JPMorgan’s disciplined duration management and stable deposits may help protect its balance sheet if rates remain high. However, funding costs and regulatory exposure are still risks. JPM Flags Higher Rate Risks: Can Its Balance Sheet Stay Resilient?
• Positive Sentiment: ETFs bought about $65.6 million of JPM shares on Nov. 4, a supportive demand signal, though one day of flows may not indicate a lasting trend. 42 ETFs Add to JPMorgan Chase (JPM) on Nov. 4
• Neutral Sentiment: JPMorgan’s M&A chief expects a softer 2027, but suggested private-equity firms may eventually need to sell assets, potentially improving exit activity. JPMorgan’s M&A chief sees softer 2027—but a potential upside surprise in private equity exits
• Negative Sentiment: Senate Finance Committee Democrats plan to scrutinize JPMorgan’s relationship with Epstein and how senior executives handled it. The probe could prolong reputational and regulatory uncertainty; the reports do not establish wrongdoing. Democrats to probe JPMorgan’s relationship with Epstein when they take Senate control

Analysts Set New Price Targets

A number of brokerages recently weighed in on JPM. Weiss Ratings downgraded shares of JPMorgan Chase & Co. from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, October 23rd. HSBC raised their price objective on shares of JPMorgan Chase & Co. from $369.00 to $377.00 and gave the stock a “hold” rating in a report on Monday, September 28th. Zacks Research lowered shares of JPMorgan Chase & Co. from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $370.00 target price on shares of JPMorgan Chase & Co. in a research note on Wednesday, October 14th. Finally, Citigroup dropped their price target on JPMorgan Chase & Co. from $360.00 to $350.00 and set a “neutral” rating on the stock in a research note on Thursday, October 15th. One research 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.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $368.33.

JPMorgan Chase & Co. Price Performance

The company’s 50-day moving average is $341.87 and its two-hundred day moving average is $323.78. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market cap of $889.61 billion, a P/E ratio of 14.04, a PEG ratio of 1.34 and a beta of 1.03.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly 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). JPMorgan Chase & Co. had a return on equity of 18.48% and a net margin of 21.85%. The firm had revenue of $50.17 billion for the quarter, compared to the consensus estimate of $51.23 billion. During the same period last year, the company posted $5.07 EPS. The business’s revenue was up 8.1% on a year-over-year basis. Sell-side analysts anticipate that JPMorgan Chase & Co. will post 23.95 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, October 31st. Shareholders of record on Tuesday, October 6th were given a dividend of $1.65 per share. The ex-dividend date of this dividend was 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 27.68%.

Insider Buying and Selling

In other news, insider Robin Leopold sold 2,500 shares of the company’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $352.81, for a total transaction of $882,025.00. Following the transaction, the insider owned 71,047 shares in the company, valued at approximately $25,066,092.07. This represents a 3.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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.

Institutional Trading of JPMorgan Chase & Co.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Rasp Wealth Solutions LLC grew its position in shares of JPMorgan Chase & Co. by 4.3% in the third quarter. Rasp Wealth Solutions LLC now owns 3,777 shares of the financial services provider’s stock valued at $1,250,000 after purchasing an additional 157 shares in the last quarter. MSH Capital Advisors LLC boosted its holdings in JPMorgan Chase & Co. by 2.0% in the 3rd quarter. MSH Capital Advisors LLC now owns 34,041 shares of the financial services provider’s stock valued at $11,262,000 after purchasing an additional 672 shares during the period. Cornerstone Advisory LLC grew its position in JPMorgan Chase & Co. by 2.1% during the third quarter. Cornerstone Advisory LLC now owns 14,530 shares of the financial services provider’s stock worth $4,807,000 after buying an additional 305 shares in the last quarter. Ibex Wealth Advisors raised its stake in JPMorgan Chase & Co. by 153.5% in the third quarter. Ibex Wealth Advisors now owns 22,432 shares of the financial services provider’s stock valued at $7,421,000 after purchasing an additional 13,582 shares in the last quarter. Finally, Wellington Grp LLC raised its position in shares of JPMorgan Chase & Co. by 32.4% during the 3rd quarter. Wellington Grp LLC now owns 6,409 shares of the financial services provider’s stock valued at $2,120,000 after buying an additional 1,570 shares in the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a global financial services company serving consumers, businesses, institutional clients and governments. Its operations include consumer and community banking, corporate and investment banking, commercial banking, and asset and wealth management.

The company offers services such as deposit accounts, credit cards, mortgages, auto financing, lending, payment processing and investment advice. It also provides institutional clients with investment banking, markets, treasury and securities services, and commercial lending.

Headquartered in New York City, JPMorgan Chase serves customers across the United States and operates in many international markets.