Will the Titans Fall During Brexit Week?
JPMorgan Chase & Company (NYSE: JPM) is currently trading at $62.28 per share, up 0.10% or $0.06 as at Friday, 17 June 2016. The year-to-date performance indicates a loss of 5.68% from an opening price of $66.03 to its current trading range. Based on its current price, JPMorgan Chase & Company has a market capitalization of $227.71 billion, with a 1-year target price of $71. The earnings-per-share is $5.90 and the P/E ratio (price-earnings) is a respectable 10.55. The 52-week trading range of the stock is $70.61 on the high-end and $50.07 on the low end.
News and Opinion for JPMorgan Chase & Company
JPMorgan will be reviewing Q1 2017 financials on 13 April 2017 and it will be releasing the results soon thereafter. As one of the world’s pre-eminent financial services firms, JPMorgan Chase & Company has assets totaling $2.4 trillion. Analysts with Thompson/First Call rate the stock as a buy, with a rating of 1.9 for the week ending Friday, 17 June, which is the same rating recommendation given to the stock for the previous week. On a scale of 1.0 (strong buy) to 5.0 (strong sell), the stock is clearly bullish. The high price target for the stock is $79 per share and the low price target is $65 per share.
The upgrades and downgrades for the stock in 2016 have largely been bearish, with the following research firms weighing in:
- On 11 January 2016, Goldman downgraded the stock from a buy to a neutral rating
- On 15 January 2016, Atlantic Equities upgraded the stock from a neutral to an overweight rating
- On 25 January 2016, Nomura downgraded the stock from a buy to a neutral rating
- On 22 February 2016, Portales Partners downgraded the stock from a sector perform to an underperform rating
The vast majority of recommendations are either a strong buy or a buy with a small minority of hold and underperform ratings. The company’s total assets have ranged between $2.36 trillion in 2012, $2.42 trillion in 2013, $2.57 trillion in 2014 and $2.35 trillion in 2015. Total liabilities in 2015 were $2.10 trillion and total equity in 2015 was measured at $247.57 billion. The company’s cash from operations was reported at $73.47 billion in 2015, cash from investing activities at $106.98 billion in 2015, and cash from financing activities at -$187.51 billion in 2015.
