Somewhat Positive News Coverage Somewhat Unlikely to Impact J P Morgan Chase & Co (JPM) Share Price
News articles about J P Morgan Chase & Co (NYSE:JPM) have trended somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative press coverage by analyzing 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 nearest to one being the most favorable. J P Morgan Chase & Co earned a news impact score of 0.11 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 46.4722594303301 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
- JPMorgan Chase To Redeem All $1.3 Billion Of Its 5.50% Non-Cumulative Preferred Stock, Series O Represented By Depositary Shares (jpmorganchase.com)
- Small Business Health Insurance Premiums Growing Dramatically, But Growth Has Slowed, According to New JPMorgan Chase Institute Research (finance.yahoo.com)
- JPMorgan Chase Makes An Announcement Regarding Its Trust Preferred Securities (finance.yahoo.com)
- Lebovitz Expects Growth Regardless of Tax Reform (finance.yahoo.com)
- JPMorgan Chase's Trading Revenues (finance.yahoo.com)
J P Morgan Chase & Co (JPM) traded down $0.33 during mid-day trading on Friday, reaching $98.14. 8,989,195 shares of the company’s stock were exchanged, compared to its average volume of 11,257,379. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.03 and a quick ratio of 1.03. J P Morgan Chase & Co has a one year low of $77.29 and a one year high of $102.42. The company has a market capitalization of $340,518.91, a PE ratio of 14.14, a price-to-earnings-growth ratio of 2.13 and a beta of 1.22.
J P Morgan Chase & Co (NYSE:JPM) last released its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.09. J P Morgan Chase & Co had a net margin of 24.08% and a return on equity of 11.68%. The company had revenue of $25.33 billion during the quarter, compared to analysts’ expectations of $24.91 billion. During the same period in the prior year, the company earned $1.58 earnings per share. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. equities analysts forecast that J P Morgan Chase & Co will post 6.91 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, October 6th were issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 2.28%. This is a boost from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Thursday, October 5th. J P Morgan Chase & Co’s dividend payout ratio is 32.28%.
Several analysts recently weighed in on the company. Royal Bank Of Canada reissued a “buy” rating and issued a $105.00 price objective on shares of J P Morgan Chase & Co in a report on Wednesday. Deutsche Bank AG lowered J P Morgan Chase & Co from a “buy” rating to a “hold” rating and boosted their price objective for the company from $90.00 to $96.00 in a report on Tuesday, September 26th. Keefe, Bruyette & Woods set a $96.00 price objective on J P Morgan Chase & Co and gave the company a “hold” rating in a report on Saturday, August 19th. Berenberg Bank set a $65.00 price objective on J P Morgan Chase & Co and gave the company a “sell” rating in a report on Thursday, August 3rd. Finally, Zacks Investment Research lowered J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and sixteen have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $92.18.
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In other J P Morgan Chase & Co news, General Counsel Stacey Friedman sold 9,968 shares of the firm’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $90.55, for a total transaction of $902,602.40. Following the completion of the transaction, the general counsel now owns 10,527 shares in the company, valued at $953,219.85. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.88% of the stock is owned by company insiders.
About J P Morgan Chase & Co
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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