JPMorgan Chase & Co (JPM) Share Price Analysis & Forecasts
Name: JPMorgan Chase & Co (JPM)
Description: One of the worlds biggest banks JP Morgan exceeded Wall Street expectations in Q3. However a slowdown or possible US recession in 2024/25 could limit earnings and increase debt provisions. Even without recession Lower interest rates expected from June 24 will trim net internet income at the bank. 16/11/23
Summary
The current JPMorgan Chase & Co. (JPM) stock price is $156.84 which is a change of 0.76 or 0.49% from the last closing price of 156.84 with 8,916,001 shares traded giving NYSE:JPM a market capitalisation of $453,425,684,132. The most recent daily high has been 157.86 and daily low 155.82. The NYSE:JPM share price 52 week high has been 159.38 and the 52 week low 123.11. Based on the most recent NYSE:JPM share price opening of 156.84, the current NYSE:JPM EPS (earnings per share) are 16.75 and the PE (price earnings ratio) is 9.36. Pricing data last updated [sc
Pros
- Q3 Profits jumped 35.0%
- 5-year earnings growth rate 76.0%
- Fwd PE <9
Cons
- CEO sold 1million shares
- Lower interest rates could dent earnings
- Bad debts could rise in a recession
-
Outlook
(4)