NewSquare Capital LLC Purchases 1,617 Shares of JPMorgan Chase & Co. $JPM

NewSquare Capital LLC boosted its position in JPMorgan Chase & Co. (NYSE:JPM) by 3.2% during the second quarter, Holdings Channel reports. The institutional investor owned 51,385 shares of the financial services provider’s stock after purchasing an additional 1,617 shares during the quarter. JPMorgan Chase & Co. comprises approximately 1.2% of NewSquare Capital LLC’s portfolio, making the stock its 15th largest holding. NewSquare Capital LLC’s holdings in JPMorgan Chase & Co. were worth $16,820,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Timmons Wealth Management LLC bought a new position in JPMorgan Chase & Co. in the fourth quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $32,000. MBM Wealth Consultants LLC acquired a new stake in shares of JPMorgan Chase & Co. in the 1st quarter valued at approximately $29,000. Aventus Investment Advisors Inc. acquired a new stake in shares of JPMorgan Chase & Co. in the 2nd quarter valued at approximately $33,000. Finally, Osbon Capital Management LLC acquired a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $35,000. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. News Roundup

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

• Positive Sentiment: Wells Fargo analyst Mike Mayo said JPMorgan could become the first bank to reach a $1 trillion market value, with a potential path toward $2 trillion over the next seven to eight years. The forecast reinforces confidence in the bank’s scale, earnings power and long-term growth prospects. JPMorgan valuation outlook
• Positive Sentiment: JPMorgan is evaluating the possibility of launching its own stablecoin as banks increasingly develop blockchain-based payment products. A proprietary digital-dollar instrument could lower payment costs, deepen client relationships and create new fee opportunities, though execution and regulatory risks remain. JPMorgan stablecoin plans
• Positive Sentiment: Jamie Dimon committed JPMorgan to as much as $750 billion in housing-related investment through 2035. Management views the housing shortage as a long-term lending and investment opportunity, potentially expanding loan growth and investment-banking activity. JPMorgan housing investment
• Positive Sentiment: JPMorgan is hiring Citigroup’s Dan McDow to lead its East Coast technology investment-banking business, signaling continued investment in a potentially lucrative technology deal pipeline. JPMorgan technology banking hire
• Neutral Sentiment: JPMorgan is reportedly relaxing some restrictions on lending against recently issued shares held by wealthy AI-company employees and investors. The change could attract high-value clients and boost lending revenue, but it also increases collateral and concentration risk. JPMorgan share-backed lending
• Negative Sentiment: The SEC is scrutinizing JPMorgan and other prime brokers over risk controls surrounding a heavily leveraged hedge fund’s collapse. JPMorgan’s strong balance sheet limits immediate solvency concerns, but tighter margin rules or reduced leverage could pressure prime-brokerage revenue and market liquidity. SEC prime-broker investigation
• Negative Sentiment: Reports of elevated layoffs raise questions about operating conditions and workforce reductions. The cuts may improve efficiency and margins, but could also signal weaker activity in some businesses. JPMorgan layoffs

JPMorgan Chase & Co. Stock Up 0.1%

JPM stock opened at $357.22 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.30. The firm has a market capitalization of $949.56 billion, a PE ratio of 15.31, a PEG ratio of 1.47 and a beta of 0.99. JPMorgan Chase & Co. has a 1-year low of $279.10 and a 1-year high of $366.50. The business’s 50 day simple moving average is $346.22 and its 200 day simple moving average is $318.33.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share (EPS) 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 business had revenue of $58.02 billion during the quarter, compared to the consensus estimate of $50.72 billion. During the same quarter last year, the firm posted $4.96 EPS. The company’s quarterly revenue was up 27.7% on a year-over-year basis. As a group, research analysts anticipate that JPMorgan Chase & Co. will post 24.28 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on JPM. UBS Group boosted their target price on shares of JPMorgan Chase & Co. from $384.00 to $400.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Truist Financial increased their price target on shares of JPMorgan Chase & Co. from $344.00 to $352.00 and gave the company a “hold” rating in a research note on Wednesday, July 15th. Barclays lifted their price objective on shares of JPMorgan Chase & Co. from $391.00 to $420.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $375.00 price objective on the stock in a research note on Wednesday, July 22nd. Finally, Keefe, Bruyette & Woods upped their target price on shares of JPMorgan Chase & Co. from $370.00 to $384.00 and gave the company an “outperform” rating in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $359.96.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 5,467 shares of the stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $330.73, for a total value of $1,808,100.91. Following the transaction, the general counsel directly owned 40,961 shares of the company’s stock, valued at $13,547,031.53. This represents a 11.78% decrease in their ownership of the stock. The sale 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. Also, insider Robin Leopold sold 2,500 shares of the stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $361.41, for a total transaction of $903,525.00. Following the completion of the transaction, the insider directly owned 73,547 shares in the company, valued at $26,580,621.27. The trade was a 3.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.41% of the stock is owned by insiders.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.

The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.