JPM - JPMorgan Chase & Co.
113.43 -0.12 (-0.11%)
After hours: 5:55PM EDT
| Previous Close | 113.74 |
| Open | 113.26 |
| Bid | 113.27 x 1400 |
| Ask | 113.50 x 1400 |
| Day's Range | 112.81 - 114.15 |
| 52 Week Range | 91.11 - 119.24 |
| Volume | 8,599,969 |
| Avg. Volume | 13,059,866 |
| Market Cap | 368.741B |
| Beta (3Y Monthly) | 1.08 |
| PE Ratio (TTM) | 12.25 |
| EPS (TTM) | 9.27 |
| Earnings Date | Jul 16, 2019 |
| Forward Dividend & Yield | 3.20 (3.16%) |
| Ex-Dividend Date | 2019-04-04 |
| 1y Target Est | 117.69 |
Yahoo Finance•2 hours agoMelinda Gates on capitalism: 'We don't have it all right'
Yahoo Finance talks to Melinda Gates, the author of "The Moment of Lift" and co-chair of the Bill & Melinda Gates Foundation, about the merits of capitalism.
- TheStreet.com•42 minutes ago
Bitcoin Hits $5,500, But Can It Retake $6,000?
The last month of Bitcoin's price action is a stark reminder that volatility cuts both ways. If you've been involved with cryptocurrencies for a while, you might recall that in 2017, Bitcoin ventured from $5,000 to $10,000 in under 50 days. Meanwhile, in the last three weeks, Bitcoin has delivered a speedy uptrend from around $4,130 to its current $5,500 territory to mark a 33% jump in three weeks.
- Business Wire•2 hours ago
JPMorgan Chase Financial Company LLC Declares Quarterly Coupon on Cushing® 30 MLP Index ETN
JPMorgan Chase Financial Company LLC announced today the quarterly coupon amount for the Cushing® 30 MLP Index ETN . The table below summarizes the coupon amount for the Cushing® 30 MLP Index ETN .
- MarketWatch•2 hours ago
Melinda Gates says the U.S. is ‘lucky’ to have capitalism
Make no mistake, Melinda Gates is a capitalist. The philanthropist and wife of Microsoft (MSFT) co-founder Bill Gates weighed in on the socialism vs. capitalism debate in a CNBC interview Wednesday morning. “What I know to be true is I would far rather live in a capitalistic society than a socialist society.
- Investopedia•8 hours ago
Laggers to Leaders: 3 Bank Stocks to Buy the Dip
Bank stocks have roared back to life after solid earnings. Discover strategies to buy three of the sector's biggest names.
- CNBC•8 hours ago
JP Morgan just promoted 117 people to Wall Street's top rank, including a record number of women
Executives across Wall Street, from J.P. Morgan CEO Jamie Dimon to Goldman Sachs head David Solomon, have said that hiring and promoting women and minorities is a priority.
- Benzinga•9 hours ago
Expect More China In These ETFs
China is poised to command a larger percentage of equity-based emerging markets exchange traded funds thanks to index provider MSCI Inc. 's (NYSE: MSCI ) plan to boost its international benchmarks' exposure ...
- Financial Times•10 hours ago
Cyprus garners strong demand for debut 30-year bond deal
Cyprus has seen strong demand for its inaugural 30-year bond sale in the latest sign of the country’s recovery from a fiscal and economic crisis that peaked six years ago. The deal represents the first time the country has sold debt with a 30-year maturity, and it comes three years after the country emerged from a painful bailout programme, in which it borrowed roughly €7.5bn from the EU and International Monetary Fund. Cyprus has found a more stable footing since losing access to international capital markets in 2013 amid troubles in its banking sector and deteriorating public finances.
- TheStreet.com•11 hours ago
Bitcoin Still Taboo at JPMorgan, Goldman as Investors Pump in $14 Billion
Despite last year's plunge in prices for bitcoin, big investors are pumping money into hedge funds and venture-capital firms that specialize in the fledgling market for so-called cryptocurrencies. In just the past 12 months, investments in cryptocurrency-related assets have nearly tripled to $14.4 billion, in more than 700 companies and funds, according to industry tracker Crypto Fund Research. Regulators in New York state describe the market as "thriving," and they've granted virtual-currency trading approvals known as "BitLicenses" to at least 18 companies.
- Reuters•13 hours ago
Aramco's bond is "only the beginning", Saudi energy minister says
Saudi Aramco, the world's biggest oil producer, will remain active in the debt markets after its debut $12 billion bond earlier this month, which was "only the beginning", Saudi Energy Minister Khalid al-Falih said on Wednesday. Falih, speaking at a financial conference in Riyadh, also said Aramco would access the equity markets earlier than expected after the company gained exposure among investors through the bond sale. Many saw the debt deal as a relationship-building exercise with international investors ahead of Aramco's planned initial public offering, aimed at raising money for the government as Saudi Arabia looks to cut its budget deficit and diversify its economy.
- Market Realist•yesterday
How Analysts View UPS ahead of Its Q1 Earnings Results
Why Analysts Expect United Parcel Service's Q1 Earnings to Fall(Continued from Prior Part)Analysts’ recommendations Analysts polled by Reuters have given United Parcel Service (UPS) a consensus rating of ~2.56 and a “hold” recommendation.
Bloomberg•yesterdayPampa Energia Considers Sale of Its Stake in Edenor
Pampa may consider selling the 51.4 percent it holds in Empresa Distribuidora y Comercializadora Norte SA, which is known as Edenor, according to the people. JPMorgan was selected by Pampa from more than five banks to advise on the possible sale, which is still in the early exploratory stage, according to a separate person.
- InvestorPlace•yesterday
Amazon Is a Buy on Dips, Whatever Whole Foods Does
Amazon (NASDAQ:AMZN) is due to report earnings April 25. Analysts expect about $2.3 billion in net income, or $4.72 per share. The hoped-for "whisper number" is $4.95 per share, almost $2.5 billion.Source: Shutterstock The key number will be the revenue number, expected to be $59.65 billion.I'm guessing it will come in light.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe reason is Whole Foods, whose strategy doesn't line up with Amazon's. What happens at Whole Foods matters because the argument for Amazon stock is based on cash flow and growth, not on profits. Amazon has been growing at about 30% per year, even with its huge scale. Any slowdown is going to hit the stock hard.And Whole Foods looks like a slowdown. Amazon's Whole Foods ProblemWhen Amazon bought Whole Foods in 2017 for $13.7 billion, it was an upscale retailer known to detractors as "Whole Paycheck."Corporate cultures clashed immediately, as Amazon sought to scale Whole Foods into a mainstream retailer, a high-volume outlet serving its Prime customers. * 10 High-Yielding Dividend Stocks That Won't Wilt The result is illustrated in the Atlanta market, where the company's original store in an upper-class suburb recently closed in favor of a multi-story outlet in a downtown skyscraper. The company also opened a suburban outlet under its low-cost "365" brand, which is now going away.Amazon immediately began advertising "lower prices" at the new store, especially for Prime Members. I'm a Prime member, so I checked it out.The prices are below those Whole Foods once charged, but they're nowhere near those of Kroger (NYSE:KR), privately owned Publix or Walmart (NYSE:WMT), which dominate the Atlanta marketplace. Small hamburger buns that sell for $1.50 a pack at Kroger go for $3 at the new Whole Foods. It's like breakfast at Tiffany (NYSE:TIF). Bring your own croissant and stand at the window.There are some cool amenities, like a "vegetable butcher," a bakery and a rooftop beer garden, but bargain hunters are going to be disappointed. This is still an upper-class store for upper-class foodies. The power of Whole Foods sales hit Amazon's balance sheet in 2018. It's likely growth in 2019 will be much slower.What Amazon wants is for its Prime Members to order their groceries from Whole Foods and have them delivered via Amazon. For that change in habit to happen, it needs a much bigger, broader store network than Whole Foods now offers. Bananas are not books. Amazon on All CylindersOver the longer run, Amazon is still great. Cloud revenues keep climbing and margins should be fine since over half of what's sold at the website is owned by others. Amazon is once-again retreating in China, but that was never a big money-maker.Amazon also has huge growth opportunities in front of it. Its credit card, currently managed by JPMorgan Chase (NYSE:JPM), should become just the opening wedge in an all-out assault on banking services from small business lending to mortgages.Its joint venture in healthcare with JPMorgan and Berkshire Hathaway (NYSE:BRK.A) only has a name -- Haven -- but it should start with about 1.5 million accounts (the three firms' employees and families), roughly 5 million total insureds. It looks to be copying the analytics-based strategies of United Healthcare (NYSE:UNH), which just reported record profits on revenue of $60.3 billion with almost 50 million customers. The Bottom LineFor Amazon, it's only top-line growth in the near term that's threatened. The company chose to pay $13.7 billion for 2% of the U.S. grocery market when Kroger, which has 10% of that market, is valued at just $20.4 billion.Over the longer run, Amazon still has an enormous runway for growth, and the assets to take advantage. But investors and reporters are fickle. A revenue "miss" could look much larger than it really is. If it does, consider any dip another invitation to buy this stock for the long run.Dana Blankenhorn is a financial and technology journalist. He is the author of a new mystery thriller, The Reluctant Detective Finds Her Family, available now at the Amazon Kindle store. Write him at danablankenhorn@gmail.com or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in AMZN and JPM. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 High-Yielding Dividend Stocks That Won't Wilt * 4 Energy Stocks Soaring as Trump Tightens on Iran * 7 Tech Stocks With Too Much Risk, Not Enough Upside Compare Brokers The post Amazon Is a Buy on Dips, Whatever Whole Foods Does appeared first on InvestorPlace.
- CNBC•2 days ago
Some international banks are finally seeing their China investments pay off
As China cracks open the door further to its massive financial market, a handful of foreign firms are pulling ahead of the pack.
- American City Business Journals•2 days ago
JPMorgan wielding blockchain to help global payments go through
The new features are part of JPMorgan's Interbank Information Network, which currently serves more than 220 banks around the world.
- American City Business Journals•2 days ago
U.S. Bank to expand retail presence with first branch in Charlotte
It's the second bank to recently announce plans of adding a retail presence in the Charlotte market.
- Kiplinger•2 days ago
Federal Bank Holidays 2019: Is My Bank Open Today?
Find out if your bank is likely to be open in 2019 on New Year's Day, MLK Day, Presidents Day, Memorial Day, Independence Day, Labor Day, Columbus Day, Veterans Day, Thanksgiving or Christmas.
- Zacks•2 days ago
Banking Earnings Mixed, ETFs Gain Moderately
Banking earnings have been pretty mixed so far in the first quarter but the related ETFs have gained in the key reporting spell.
- Barrons.com•2 days ago
JPMorgan Stock Is Surging and Executives Are Stepping Up Stock Sales
The banking giant’s executives have already sold $35.7 million in stock so far this year, compared with $26.5 million in all of last year. The biggest seller in 2019 is a potential Jamie Dimon heir.
- InvestorPlace•2 days ago
Buy Morgan Stanley Stock on Valuation, Not External Factors
Morgan Stanley (NYSE:MS) beat earnings and revenue estimates. This helped to continue the march higher in Morgan Stanley stock that began in the middle of March. * 10 S&P 500 Stocks to Weather the Earnings Storm Source: Shutterstock Over the last year, fear of tariffs and worries about the economy have influenced bank stocks. This seems remarkable, as higher interest rates generally boost profits for banks. However, one factor has emerged that could change that dynamic. With the price-to-earnings (PE) ratio flirting with single-digit levels, MS stock may become a buy regardless of the economy. MS Sees Brighter Outlook After Earnings, Revenue BeatsThe New York-based investment bank reported first-quarter earnings at $1.33 per share. This came in 17 cents ahead of estimates, but well short of the $1.45 per share reported in the same quarter last year. Revenues of $10.29 billion beat consensus estimates of $9.93 billion. However, year-ago revenues came in at $11.08 billion.Without question, earnings have slumped this year. Morgan Stanley stock, along with peers such as Goldman Sachs (NYSE:GS), Bank of America (NYSE:BAC), and JPMorgan Chase (NYSE:JPM), saw their stock prices drop through most of 2018. They also stagnated between mid-January and the middle of March, as tariff-related concerns continued to weigh on these stocks.InvestorPlace - Stock Market News, Stock Advice & Trading TipsMoreover, fears of a recession led to a more dovish tone from the Fed. Higher interest rates tend to boost earnings potential for bank stocks. However, Morgan Stanley stock and other bank stocks have seemingly traded on prospects for the economy in recent months.Optimism about the economy rebounded as the Fed's more dovish tone and the optimism about a U.S.-China trade agreement helped to boost bank stocks. Indeed, the outlook now appears brighter. Analysts forecast earnings growth of 10.9% next year. Wall Street also forecasts average earnings increases of 10.82% per year for the next five years. Morgan Stanley Stock Becoming a Valuation PlayStill, investors may have a bigger reason to buy than profit projections. Traders should also recognize that valuation could again become a key driver for Morgan Stanley stock. Due to falling multiples, MS may have also become a buy regardless of the economy. Investors who purchase now will pay only about 10.2 times earnings, much lower than its 14.5 average PE in recent years.Multiples on Morgan Stanley stock have rarely fallen into the single digits historically. Moreover, when this low valuation comes with double-digit earnings growth, it becomes hard to see MS as anything but a buy. Unless earnings drop significantly, I see little else to change a bullish investment thesis on Morgan Stanley stock.Moreover, even if a recovery in MS stock takes time, investors can still benefit. Thanks to the economic recovery, bank stocks have again begun to increase dividends annually. The annual dividend increases in Morgan Stanley stock resumed in 2014. Today, MS pays $1.20 per share in yearly dividends, a 2.5% yield. Over the last few years, these payout hikes have come when the company reports its second-quarter earnings. Hence, the yield will likely move higher in July. Final Thoughts on Morgan Stanley StockFollowing earnings, investors should consider buying Morgan Stanley stock regardless of the recent influence of economic forces. MS beat reduced earnings and revenue estimates. However, this has held little sway over the equity as it has fallen over the last year. During that time, investors sold off bank stocks in general, as economic worries became more significant. * 6 Cheap Stocks That Cost Less Than $10 This worry has taken Morgan Stanley stock to a PE ratio of just over 10. The stock fell to that valuation despite projections of double-digit earnings growth and an increased payout. With the low PE ratio and the potential earnings growth, MS's downside appears limited. Add in the rising dividend, and it becomes hard to call MS stock anything but a buy.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Dividend Stocks Perfect for Retirees * 7 Reasons the Stock Market Rally Isn't Over Yet * 10 S&P 500 Stocks to Weather the Earnings Storm Compare Brokers The post Buy Morgan Stanley Stock on Valuation, Not External Factors appeared first on InvestorPlace.
- Financial Times•3 days ago
Vegan start-up Beyond Meat seeks valuation topping $1bn in IPO
Beyond Meat, a California-based agritech start-up, on Monday said it is aiming to raise as much as $184m with an initial public offering next month that will value it at more than $1bn. The company, which is backed by investors including US meat producer Tyson and Bill Gates, said it plans to sell shares at $19-$21 a piece. At the high end of the range, the IPO would give the company a market value of $1.2bn.
- Investopedia•3 days ago
Comparing Chase vs. Wells Fargo High-Net-Worth Accounts
Chase and Wells Fargo both offer high-net-worth accounts, but the two differ in their services, such as concierge banking and rare credit cards.
- Investopedia•4 days ago
Is the USAA Money Market Fund Worth It? (USAXX)
Learn about the USAA Money Market Fund and understand why it offers safety for short-term investors but leaves much to be desired where yield is concerned.
- GuruFocus.com•4 days ago
Weekly Top Insider Buys Highlight for the Week of April 19
The largest Insider Buys this week were for JPMorgan Chase & Co., Conagra Brands Inc., Valvoline Inc. and Hyster-Yale Materials Handling Inc.
- Yahoo Finance Video•2 hours ago
Former BB&T CEO on banks dealing with the yield curve conundrum & Trump's Fed picks
Former BB&T CEO John Allison discusses why bank investors face a 'conundrum' in an inverting yield curve with Yahoo Finance's Seana Smith on "The Ticker."
