JPM stock: buy or sell?
Updated on:
September 20th, 2019
5
JPMorgan Chase & Co. operates as a financial services company worldwide. It operates through Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management segments.
Should I buy JPM stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. That's why is so important to define your own trading strategy that matches with your character as inversor. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.Currently, J P Morgan Chase stock doesn't match any of these trading strategies, so our recommendation is not to buy.
| Buy setup | Elegible |
|---|---|
| New all-time high | No |
| New 52 week high | No |
| Price crossing up 200d MA | No |
| 100d MA crossing up 200d MA | No |
Is J P Morgan Chase stock a buy?
Banks and financial institutions post stock ratings everyday.
At Stocks2.com, we detected 15 ratings published for JPM stock in the last month. The general sentiment of these ratings is bullish for JPM stock, with 7 positive ratings.| Date | Analyst / Broker | Previous rating | Current rating |
| 2019-9-16 | Buckingham Research | Buy | Neutral |
| 2019-8-21 | DZ Bank | Buy | Hold |
| 2019-7-22 | Goldman Sachs Group | n/a | Neutral |
| 2019-7-16 | Royal Bank of Canada | n/a | Buy |
| 2019-6-28 | Deutsche Bank | n/a | Neutral |
| 2019-4-4 | HSBC | n/a | Neutral |
| 2019-4-15 | Morgan Stanley | Overweight | Overweight |
| 2019-4-15 | Credit Suisse Group | Outperform | Outperform |
| 2019-2-8 | Daiwa Capital Markets | Outperform | Market Perform |
| 2019-2-28 | BMO Capital Markets | n/a | Market Perform |
| 2019-2-21 | Barclays | n/a | Buy |
| 2019-2-14 | Wells Fargo & Co | n/a | Buy |
| 2019-1-8 | Morgan Stanley | Overweight | Overweight |
| 2019-1-8 | Jefferies Financial Group | Buy | Hold |
| 2019-1-2 | Barclays | Overweight | Overweight |
JPM stock analysis
Daily outlook
J P Morgan Chase depreciated -0.40% to $118.90 after marking all time highs on September/13.
J P Morgan Chase depreciated -0.40% yesterday to $118.90 after reaching all time highs on Sep 13th. On August/28 JPM price bounced up over the SMA of 200 days demonstrating to be a significant support for this stock. Since June when SMA100d and SMA200d crossed up, JPM price gained $10.51 per share (9.70%). On Sep/13, JPM hit a new all time high, pushing higher than on Sep/12 tops. Check different trading setups that use ATHs as triggers.
Weekly outlook
After boosting an extraordinary 6.34% in a week last week, J P Morgan Chase closed this week at $118.90 and declined a disappointing -1.11%.
Not so far away is the last price record J P Morgan Chase marked last week. Since late August when JPM stock price broke up the SMA40w line, it gained $12.88 (12.15%). Since SMA20d and SMA40w crossed up late May, JPM price climbed $9.96 per share (9.14%).
JPM stock price history
JPM stock went public on March 17th, 1980 with a price of $0.301. Since then, JPM stock surged a 39,533.30%, with an average of 1,013.70% per year. If you had invested $1,000 in JPM stock in 1980, it would worth $395,333.00 today.
1: Adjusted price after possible price splits or reverse-splits.
JPM stock historical price chart
JPM stock reached all-time highs on Sep/13 with a price of $120.40.
JPM stock price target is $124.30
How much a stock will be priced tomorrow or next week is quite unpredictable However, many stock price predictions are published every day by banks, financial institutions and independent analysts. You should not follow the analysts' JPM stock price predictions in the hope that they will be met as they may be wrong and not met. We detected 10 price predictions for JPM stock published in the last 30 days:| Date | Analyst / Broker | Action | Previous target | Current target | Diff |
| 2019-9-16 | Buckingham Research | Downgrades | n/a | $122.00 | - |
| 2019-7-22 | Goldman Sachs Group | Set Price Target | n/a | $117.00 | - |
| 2019-7-16 | Royal Bank of Canada | Set Price Target | n/a | $120.00 | - |
| 2019-4-4 | HSBC | Set Price Target | n/a | $102.00 | - |
| 2019-4-15 | Morgan Stanley | Raises Target | $124.00 | $130.00 | 4.8% |
| 2019-4-15 | Credit Suisse Group | Raises Target | $128.00 | $132.00 | 3.1% |
| 2019-2-28 | BMO Capital Markets | Lowers Target | n/a | $116.00 | - |
| 2019-2-21 | Barclays | Reiterates | n/a | $140.00 | - |
| 2019-1-8 | Morgan Stanley | Lowers Target | $131.00 | $124.00 | -5.3% |
| 2019-1-2 | Barclays | Reiterates | $135.00 | $140.00 | 3.7% |
| (in average) | $129.50 | $124.30 | -4.0% |
Financials and fundamental analysis
Earnings date and Earnings per Share
After presenting its last earnings report on April, J P Morgan Chase . Unfortunately, reported EPS is not yet available in our database.| Quarter | Reporting date | Estimated EPS | Actual EPS | Surprise |
|---|---|---|---|---|
| 2017-Q2 | - | n/a | 3.56 | n/a |
| 2017-Q3 | 2017-10-12 | 1.65 | 1.76 | 6.7% |
| 2017-Q4 | 2018-01-12 | 1.69 | 1.76 | 4.1% |
| 2018-Q1 | 2018-04-13 | 2.28 | 2.37 | 3.9% |
| 2018-Q2 | 2018-07-13 | 2.22 | 2.29 | 3.2% |
| 2018-Q3 | 2018-10-12 | 2.24 | 2.34 | 4.5% |
| 2018-Q4 | 2019-01-15 | 2.2 | 1.98 | -10.0% |
| 2019-Q1 | 2019-04-12 | 2.45 | n/a | n/a |
| 2019-Q2 | - | n/a | n/a | n/a |
| 2019-Q3 | - | n/a | n/a | n/a |
Annual financial results
In 2018, J P Morgan Chase annual turnover soared a very good 8.27% to $109,029.00 M dollars from $100,705.00 marked in 2017. When comparing 2018 vs 2017, in contrast, profit margin (that is, the net income divided by revenues) escalated a 5.51% to 29.78%. To have an updated view of the financial situation of J P Morgan Chase, we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2019-Q1 that can be compared to 2018 fiscal year results. Annual J P Morgan Chase TTM sales up to March 2019 were $110,245.00 and income was $32,941.00 million dollars. If we compare this TTM figures with the last reported annuality, we can esteem J P Morgan Chase business evolution since December 2018: Annual revenues up to March, compared to lastest yearly report, grew a slightly good 1.12%. Regarding profit margin, J P Morgan Chase remained stable 0.10% to 29.78%| Year | Sales | YoY | Income/(margin) | YoY |
|---|---|---|---|---|
| 2014 | $94,205 M | - | $21,762 M23.1% | - |
| 2015 | $93,543 M | -0.70% | $24,442 M26.1% | 12.32% |
| 2016 | $95,668 M | 2.27% | $24,733 M25.9% | 1.19% |
| 2017 | $100,705 M | 5.27% | $24,441 M24.3% | -1.18% |
| 2018 | $109,029 M | 8.27% | $32,474 M29.8% | 32.87% |
| TTM | $110,245 M | 1.12% | $32,941 M29.9% | 1.44% |
Quarterly financial results
J P Morgan Chase posted $29,123.00 million in revenues for 2019-Q1, a 11.54% improvement compared to previous quarter. Reported quarter income marked $9,179.00 million with a profit margin of 31.52%. Profit margin grew a 4.45% compared to previous quarter when profit margin was 27.06%. When comparing revenues to same quarter last year, J P Morgan Chase sales marked a nice gain and inched a 4.36%.| Quarter | Sales1 | QoQ2 | Income1/(margin) | QoQ2 |
|---|---|---|---|---|
| 2017-Q4 | $23,376 M | - | $4,232 M18.1% | - |
| 2018-Q1 | $27,907 M | 19.38% | $8,712 M31.2% | 105.86% |
| 2018-Q2 | $27,753 M | -0.55% | $8,316 M30.0% | -4.55% |
| 2018-Q3 | $27,260 M | -1.78% | $8,380 M30.7% | 0.77% |
| 2018-Q4 | $26,109 M | -4.22% | $7,066 M27.1% | -15.68% |
| 2019-Q1 | $29,123 M | 11.54% | $9,179 M31.5% | 29.90% |
J P Morgan Chase ownership
When you are planning to invest in a stock, it's worth to review its ownership structure.J P Morgan Chase shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.80% of all shares.
In case of J P Morgan Chase stock, 75.29% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for JPM stock account 0.00%, no big difference from last month.
For a better understanding, the following table shows ownership data compared to other related stocks:
| JPM | BAC | BCS | C | DB | |
|---|---|---|---|---|---|
| Market cap | $380.5 B | $275.3 B | $32.3 B | $156.7 B | $16.5 B |
| Total shares | 3,200.0 M | 9,310.0 M | 4,310.0 M | 2,260.0 M | 2,060.0 M |
| Float shares | 3,110.0 M | 8,330.0 M | 3,880.0 M | 2,250.0 M | 1,870.0 M |
| - Institutional holdings (%) | 75.3% | 70.4% | 2.5% | 80.0% | 0.0% |
| - Insider holdings (%) | 0.8% | 0.1% | 0.0% | 0.2% | 0.0% |
| Shares in short selling | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
JPM summary
| Friday, September 20th, 2019 | |
|---|---|
| Open | $119.74 |
| Close | $118.90 |
| Day range | $118.87 - $120.34 |
| Previous close | $119.38 |
| Session gain | -0.40% |
| Average true range | $2.15 |
| 50d mov avg | $112.50 |
| 100d mov avg | $111.35 |
| 200d mov avg | $106.81 |
| Daily pattern | |
| Weekly pattern | |
J P Morgan Chase performance
To measure stock performance is always good to benchmark with competitors or related stocks. In the following table, we compare J P Morgan Chase to Bank of America, Barclays, Citi, Deutsche Bank, HSBC, , PNC Financial Services, and Wells Fargo:| Stock | 3m | 6m | 12m |
|---|---|---|---|
| JPMJ P Morgan Chase | 9.41% | 20.94% | 3.93% |
| BACBank of America | 5.83% | 10.79% | -2.54% |
| BCSBarclays | 1.49% | -6.25% | -16.76% |
| CCiti | 2.79% | 15.30% | -3.85% |
| DBDeutsche Bank | 11.28% | -0.99% | -34.13% |
| HSBC | -5.85% | -3.12% | -9.55% |
| KEY | 5.46% | 21.38% | -10.88% |
| PNCPNC Financial Ser... | 6.67% | 20.05% | 0.90% |
| USB | 6.84% | 16.54% | 3.61% |
| WFCWells Fargo | 4.87% | 2.79% | -8.14% |
J P Morgan Chase competitors
One check before investing in any stock is to review a list of its competitors, in this case for J P Morgan Chase. We picked 9 companies as J P Morgan Chase competitors as they are in the same industry or have similar market objectives.- Bank of America (BAC)
- Barclays (BCS)
- Citi (C)
- Deutsche Bank (DB)
- HSBC (HSBC)
- (KEY)
- PNC Financial Services (PNC)
- (USB)
- Wells Fargo (WFC)
Latest JPM stock news
- CNN MoneyJPMorgan settles with black financial advisers who alleged discriminationSeptember 4, 2018
- Seeking AlphaJPMorgan: Backing Up The Truck Before Having To Chase ItSeptember 3, 2018
- CNN MoneyJPMorgan just made another high-profile artificial intelligence hireAugust 28, 2018
- Investors.comNasdaq, S&P 500 Post New Highs; JPMorgan Near EntryAugust 27, 2018
- CNN MoneyDiscount brokerages face a new threat: JPMorganAugust 24, 2018