Sentiment for Jpmorgan Chase & Co (NYSE:JPM)
Jpmorgan Chase & Co (NYSE:JPM) institutional sentiment increased to 0.99 in 2018 Q2. Its up 0.18, from 0.81 in 2018Q1. The ratio is positive, as 781 investment managers started new and increased positions, while 792 sold and trimmed holdings in Jpmorgan Chase & Co. The investment managers in our partner’s database now possess: 2.34 billion shares, down from 2.39 billion shares in 2018Q1. Also, the number of investment managers holding Jpmorgan Chase & Co in their top 10 positions decreased from 490 to 432 for a decrease of 58. Sold All: 51 Reduced: 741 Increased: 669 New Position: 112.
JPMorgan Chase & Co. operates as a financial services firm worldwide. The company has market cap of $358.63 billion. It operates through Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management divisions. It has a 13.39 P/E ratio. The Consumer & Community Banking segment offers deposit and investment services and products to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment services, payment processing services, auto loans and leases, and student loans.
The stock decreased 1.58% or $1.73 during the last trading session, reaching $107.86. About 14.27 million shares traded or 1.08% up from the average. JPMorgan Chase & Co. (NYSE:JPM) has risen 24.41% since November 14, 2017 and is uptrending. It has outperformed by 8.79% the S&P500.
Analysts await JPMorgan Chase & Co. (NYSE:JPM) to report earnings on January, 11. They expect $2.24 EPS, up 27.27 % or $0.48 from last year’s $1.76 per share. JPM’s profit will be $7.45B for 12.04 P/E if the $2.24 EPS becomes a reality. After $2.34 actual EPS reported by JPMorgan Chase & Co. for the previous quarter, Wall Street now forecasts -4.27 % negative EPS growth.
Michael & Susan Dell Foundation holds 46.66% of its portfolio in JPMorgan Chase & Co. for 313,853 shares. Lloyds Banking Group Plc owns 19,359 shares or 16.64% of their US portfolio. Moreover, Lansdowne Partners (Uk) Llp has 12.8% invested in the company for 12.87 million shares. The Kansas-based Vantage Investment Partners Llc has invested 9.91% in the stock. Cincinnati Casualty Co, a Ohio-based fund reported 93,000 shares.
Since January 1, 0001, it had 1 buy, and 1 sale for $3.38 million activity.
JPMorgan Chase & Co. (NYSE:JPM) Ratings Coverage
Ratings analysis reveals 50% of JPMorgan Chase’s analysts are positive. Out of 4 Wall Street analysts rating JPMorgan Chase, 2 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $118 while the high is $132. The stock’s average target of $125 is 15.89% above today’s ($107.86) share price. JPM was included in 4 notes of analysts from July 16, 2018. Citigroup maintained the stock with “Neutral” rating in Wednesday, September 26 report. The stock has “Market Perform” rating by BMO Capital Markets on Monday, July 16. The firm has “Buy” rating given on Thursday, July 19 by DZ Bank. Bank of America maintained the shares of JPM in report on Monday, September 17 with “Buy” rating.
More notable recent JPMorgan Chase & Co. (NYSE:JPM) news were published by: Bizjournals.com which released: “JPMorgan looks to expand newly opened wealth management office in Baltimore” on November 13, 2018, also Investorplace.com with their article: “Is Goldman Sachs the Best Bank Stock to Buy?” published on November 14, 2018, Bizjournals.com published: “Banks look to the states’ DMV offices for identity verification aid” on November 14, 2018. More interesting news about JPMorgan Chase & Co. (NYSE:JPM) were released by: Bizjournals.com and their article: “Levi Strauss looking at IPO with valuation of $5 billion, report says” published on November 14, 2018 as well as Benzinga.com‘s news article titled: “Alibaba, Cleveland-Cliffs, Dunkin Grands, JPMorgan Chase: ‘Fast Money’ Picks For November 14” with publication date: November 14, 2018.