JP Morgan stock: buy or sell
Updated on:
Jan 27th, 2021
2
JP Morgan stock brief
- Counting on Tuesday, it's been 7 consecutive sessions in red for JP Morgan. Price closed on Tuesday at $131.58 after just changing a -0.41%.
- The stock is configuring an uptrend pattern since September 2020, when it bottomed at $89.89. This rally marked a 46.38% gain
- On January 15, JP Morgan released its Q4 financial report
- Barclays, Credit Suisse Group, DA Davidson and 3 others posted hold ratings for JP Morgan on January 19, with an average forecast of $158.40
- JPMorgan Chase & Co. operates as a financial services company worldwide.
Should I buy JP Morgan 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. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $JPM stock a buy?
Currently, JP Morgan stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $JPM will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell JP Morgan stock?
When is it time to sell JP Morgan stock?. Similarly to when we have to buy shares, choosing when is appropiate time to sell is not a whimsical decision, and we must follow our own trading style. When selling, as well as buying, our strategies are very simple to follow but are only valid for selling stocks you already own, not for shorting $JPM stock
As a rule of thumb, you should not hold an operation that shows a losses greater than those expected upon purchase. The timing to sell shares must always be dictated by the stop-loss (automatic or manual)
Is it time to sell JP Morgan stock?
Currently, JP Morgan stock doesn't match any of our preferred sell setups, so if you own JP Morgan stock and your operation is in profit probably is not time to sell now
JP Morgan ratings
In the last 30 days, 14 ratings were published for JP Morgan. General sentiment is bullish, with 12 out of 14 publishing optimistic outlooks
| Brokerage firm | Rating |
|---|---|
| Jan 4th, 2021 | |
| Barclays | Buy |
| Jan 6th, 2021 | |
| Daiwa Capital Markets | Buy |
| Deutsche Bank Aktiengesellschaft | |
| Jan 7th, 2021 | |
| Bank of America | Neutral → |
| Jefferies Financial Group | Neutral → |
| Jan 11th, 2021 | |
| Piper Sandler | Buy |
| Jan 13th, 2021 | |
| Bank of America | Neutral → |
| Jan 15th, 2021 | |
| Wells Fargo & Company | Buy |
| Jan 19th, 2021 | |
| Barclays | Buy |
| Credit Suisse Group | Buy |
| DA Davidson | |
| Oppenheimer | Neutral |
| Royal Bank of Canada | Buy |
| Seaport Global Securities | Neutral |
JP Morgan stock analysis
JP Morgan stock started an uptrend in September 2020, and grew a gorgeous 46.38%. The price action shows higher peaks and higher troughs, and along the way provided some buy points for those who wanted to enter. Latest low was last November, when price bounced at $116.93. Currently, it swings in a consolidation between its last top ($142.75) and its last bottom ($116.93)
SMAs overview
Supports and resistances
The current resistances are:
The current support levels are:
Bollinger bands
Since the price surpassed the upper band on January 13, the price sliced by 6.54%
Relative strength index
The RSI dropped below the overbought level of 70 on January 20 after just crossing to the overbough zone for a single day (weak signal). The RSI value on Tuesday was 52.79. JP Morgan shares sank a 4.68% since that level was lost
JP Morgan stock price history
JP Morgan went public on Mar 17th, 1980 at $0.00 per share1. Since then, JPM stock surged by -, with an average of 0.00% per year. An investment of $1,000USD on the IPO would worth $inf nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for JP Morgan stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price forecasts are posted every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, financial institutions post their price target based on the stock price action and the company fundamental data. Most of these forecasts follow the publication of new fundamental data by the company, and usually. Again, these targets are not direct recommendations for small traders and must not be followed blindly.
The average price target for JP Morgan stock calculated from the table below is $154.45. JP Morgan closed at $131.58 on Tuesday, so the target price is forecasting an increase by 17.38%.
| Brokerage firm | Price target |
|---|---|
| Jan 4th, 2021 | |
| Barclays | $144.00 → $164.00 |
| Jan 6th, 2021 | |
| Daiwa Capital Markets | $139.00 |
| Deutsche Bank Aktiengesellschaft | $120.00 → $142.00 |
| Jan 7th, 2021 | |
| Bank of America | Not available |
| Jefferies Financial Group | $110.00 → $152.00 |
| Jan 11th, 2021 | |
| Piper Sandler | $118.00 → $150.00 |
| Jan 13th, 2021 | |
| Bank of America | Not available |
| Jan 15th, 2021 | |
| Wells Fargo & Company | $150.00 → $160.00 |
| Jan 19th, 2021 | |
| Barclays | $164.00 → $172.00 |
| Credit Suisse Group | $142.00 → $150.00 |
| DA Davidson | $147.00 → $163.00 |
| Oppenheimer | Not available |
| Royal Bank of Canada | $130.00 → $150.00 |
| Seaport Global Securities | $140.00 → $157.00 |
Earnings and financials
On January 15, JPMorgan Chase & Co. ($JPM) reported adjusted EPS for that significantly beat Wall St. expectations. Quarterly EPS was $3.79 per share compared to the forecasted $2.62. This quarterly report means an earnings surprise of 44.66%. Predicted revenue for Q4 was $28.7 billion but JP Morgan slightly beat by 5.09%, reporting $30.2 billion.
In contrast, the EPS for the same quarter last year was $2.57, so current EPS means a increase of 47.47%. Looking at turnover, figures exploded a 15.65% compared to $269.0B same quarter 12 months ago.JP Morgan ($JPM) presents quarterly financial report next April. Estimated for this quarter is $2.76, compared to $3.79 that was reported for Q4.
JP Morgan competitors
JP Morgan belongs to the Banks - Diversified industry, where it has industry peers.
The following are JP Morgan major competitors:
| Company | Market cap | Rating | Bullish ratings1 |
|---|---|---|---|
| JP Morgan ($JPM) | $399.6B | Buy | 12 |
| Bank of America ($BAC) | $281.4B | Buy | 7 |
| Citi ($C) | $137.3B | Buy | 4 |
| Wells Fargo ($WFC) | $132.5B | | 8 |
| HSBC (HSBC) | $111.3B | Neutral | 0 |
| U.S. Bancorp ($USB) | $75.3B | Buy | 5 |
| PNC Financial Services ($PNC) | $66.9B | Buy | 1 |
| Barclays (BCS) | $36.0B | Neutral | 0 |
| Deutsche Bank (DB) | $23.0B | Sell | 0 |
1 In the last 30 days.
JP Morgan performance
To better understand JP Morgan stock performance you must compare its gains with other related stocks in same sector or industry.. For JP Morgan, the benchmark is made against Bank of America, Citi, Wells Fargo, HSBC, U.S. Bancorp, PNC Financial Services, Barclays and Deutsche Bank.
| Company | 1m | 3m | 6m |
|---|---|---|---|
| JP Morgan ($JPM) | 5.90% | 29.10% | 38.60% |
| Bank of America ($BAC) | 2.20% | 27.20% | 29.90% |
| Citi ($C) | 0.00% | 42.20% | 22.10% |
| Wells Fargo ($WFC) | 3.60% | 37.20% | 25.00% |
| HSBC (HSBC) | 5.20% | 30.50% | 21.70% |
| U.S. Bancorp ($USB) | -2.30% | 13.50% | 28.20% |
| PNC Financial Services ($PNC) | 1.80% | 31.60% | 44.30% |
| Barclays (BCS) | -9.10% | 31.00% | 33.30% |
| Deutsche Bank (DB) | -2.60% | 10.60% | 13.50% |
Disclaimer:
The thoughts expressed in this article are personal and not recommendations for you to buy or sell stocks. The author of this paper does not know the individual positions of the reader, his or her own financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are expressed for informational reasons onlyJP Morgan summary
| Tuesday, January 26th, 2021 | |
|---|---|
| Open | $132.75 |
| Close | $131.58 |
| Day range | $131.34 - $133.17 |
| Previous close | $132.12 |
| Session gain | -0.41% |
| Average true range | $4.91 |
| 50d mov avg | $124.33 |
| 100d mov avg | $111.70 |
| 200d mov avg | $103.10 |
| Earnings date | April 13th, 2021 |