[Business Wire] JPMorgan Chase & Co (NYSE:JPM)(TREND ANALYSIS) Gordon Smith, Chief Executive Officer of Consumer & Community Banking at JPMorgan Chase & Co., will present at the Deutsche Bank Global Financial Services Conference at The Pierre Hotel in New York City, on Tuesday, June 2, 2015, at 9:35 a.m. (Eastern).
A live audio webcast will be available on the day of the conference at www.jpmorganchase.com under Investor Relations, Investor Presentations.
JPMorgan Chase & Co. (JPM) is a leading global financial services firm with assets of $2.6 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
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JPM reported last quarter earnings on April 14. The Diversified Banking Services company announced earnings per share of $1.45 against a consensus Street estimate of $1.39, beating the average estimate by $0.06. This corresponds to an increase of $0.08 compared to the same quarter of the previous fiscal year.
JPMorgan Chase & Co (NYSE:JPM) is currently trading 2.39% below its 52-week-high, 18.82% above its 52-week-low. The 12-months range for the stock is $52.97 – $64.48. JPMorgan Chase & Co (JPM) has a price to earnings ratio of 11.9 versus S&P 500 average of 18.42. JPM stock price has underperformed the S&P 500 by 0.5%. The Diversified Banking Services company is currently valued at $233.78 billion and its share price closed the last trading session at $62.94. The stock has a 50-day moving average of $61.42 and a 200-day moving average of $59.97.
JPMorgan Chase & Co (JPM) current short interest stands at 29.8 million shares. It has decreased by 18% from the same period of last month. Around 1% of the company’s shares, which are float, are short sold. With a 10-days average volume of 19.63 million shares, the number of days required to cover the short positions stand at 1.6 days.
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There are currently thirty-four analysts that cover JPM stock. Of those thirty-four, twenty-seven have a Buy rating, seven have a Hold rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $69.28.
A recent analyst activity consisted of Bernstein upgrading their Market Perform rating to Outperform on April 7. Bernstein increased their price target on JPM from $67 to $70. This corresponds to 11.22% upside from the last closing price. On the date of report, the stock closed at $60.85.
Oppenheimer reiterated their Outperform stance on March 13, and fixed their price target at $74. This corresponds to a 17.57% upside from the last closing price. On the date of report, the stock closed at $60.6.
A third research firm was Citigroup who reiterated their Buy stance on February 26. Citigroup fixed their price target at $68. This translates to a 8.04% upside from the last closing price. On the date of report, the stock closed at $61.17.
Company profile
JPMorgan Chase & Co. provides global financial services and retail banking. The Company provides services such as investment banking, treasury and securities services, asset management, private banking, card member services, commercial banking, and home finance. JP Morgan Chase serves business enterprises, institutions, and individuals.
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