JPM - JPMorgan Chase & Co.

NYSE - NYSE Delayed Price. Currency in USD
113.46
-0.84 (-0.73%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Previous Close114.30
Open114.53
Bid113.33 x 1400
Ask113.60 x 1400
Day's Range113.33 - 114.94
52 Week Range91.11 - 119.24
Volume12,501,949
Avg. Volume13,254,404
Market Cap368.449B
Beta (3Y Monthly)1.08
PE Ratio (TTM)12.24
EPS (TTM)9.27
Earnings DateJul 16, 2019
Forward Dividend & Yield3.20 (3.16%)
Ex-Dividend Date2019-04-04
1y Target Est117.69
Trade prices are not sourced from all markets
  • Comparing Chase vs. Wells Fargo High-Net-Worth Accounts
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  • GuruFocus.comyesterday

    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.

  • Financial Times3 days ago

    Goldman Sachs pays price for delay to strategic update

    Wall Street’s top six banks posted a decidedly mixed set of results for the first quarter, with retail banks generally triumphing over their more capital markets focused rivals and dealmakers having a better time of it than traders. Investor reaction was most decisive against Goldman Sachs. Analysts attributed the fall to Goldman’s decision to defer a much-anticipated strategic update until early next year.

  • Pinterest, Zoom shares surge in market debuts after IPOs
    Reuters3 days ago

    Pinterest, Zoom shares surge in market debuts after IPOs

    "All of the gyrations that you read about in the press and the drama that you read about in other cases, we can certainly fall victim to a lot of those things if we are distracted by the news cycle or things that are short-term by nature," Pinterest Chief Financial Officer Todd Morgenfeld said. Zoom Video Communications Inc shares also surged in the U.S. video conferencing company's first day of trading on Thursday, closing 72 percent above their IPO price of $36. Investors are hopeful that money-losing Pinterest, the most high-profile social media company to list in the United States since Snap Inc in 2017, will have a strong run in the market, given the company's ability to grow revenue and increase its user base.

  • TheStreet.com3 days ago

    Bank Earnings: Here's What We Know So Far

    JPMorgan reported adjusted net income of $9.18 billion. Earnings per share of $1.20 handily beat estimates of $1.09. While Citigroup certainly isn't in any trouble, there does seem to be some stagnation.

  • Thomson Reuters StreetEvents3 days ago

    Edited Transcript of JPM earnings conference call or presentation 12-Apr-19 12:30pm GMT

    Q1 2019 JPMorgan Chase & Co Earnings Call

  • Barrons.com3 days ago

    A George Lucas Trust Just Bought More JPMorgan Stock

    JPMorgan director Mellody Hobson, George Lucas’s wife, disclosed that The GWL Living Trust bought $2 million more of the bank’s stock. The trust now owns 75,355 JPMorgan shares.

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  • Bank of America Stock Is One Catalyst Away From Moving Higher
    InvestorPlace3 days ago

    Bank of America Stock Is One Catalyst Away From Moving Higher

    Bank of America (NYSE:BAC) dropped and then recovered in Tuesday trading following its earnings announcement. The Charlotte-based banking giant beat earnings estimates, but missed on revenue. This, along with a warning about slowing net interest income, hit BAC stock before it recovered later in the day. * 5 Dividend Stocks Perfect for Retirees Source: Shutterstock However, the quick move to pre-report levels may show underlying confidence in BAC. With a low multiple and double-digit profit growth set to continue, Bank of America stock looks poised for a breakout. BAC Stock Beat on Earnings, Fell Short on RevenueFor the first quarter, BAC reported its 16th consecutive beat on earnings. In Q1, the company earned 70 cents per share, or $7.3 billion. This beat estimates by 5 cents per share and came in ahead of the year-ago level of 62 cents per share. Consumer banking led the way as net income from that division rose 25% to $3 billion. Net income in its Global Wealth and Investment Management division also rose by 14%.However, other divisions saw slower profit growth or, in the case of Global Banking, an outright decline. Also, revenues of $23 billion fell short of the first quarter revenue level of $23.07 billion last year. Analysts had expected $23.3 billion.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe disappointment did not end there. The company also acknowledged that net interest income would rise by only 3% this year. Net interest income increased by 6% in 2018. This news sent BAC stock falling by as much as 2.8% in morning trading. BAC Stock Recovered QuicklyHowever, the fact that the stock ended the day 0.13% higher shows underlying confidence in BAC. Since mid-January, the stock has mostly traded between $28 and $30 per share. The exception occurred in mid-March. BAC stock fell to as low as $26.67 per share when the Fed announced an intention to delay further rate increases for the year. Still, it recovered quickly to the previous range.Traders appear justified in keeping BAC stock at these levels. When looking at the overall picture, little reason exists to sell Bank of America stock. The current price-to-earnings (PE) ratio stands at around 11.5. At this price level, the PE falls to 9.3 on a forward basis. For this valuation, investors buy a company expected to increase profits by 9.5% this year and 10.8% in fiscal 2020.The improvements extend beyond BAC. JPMorgan Chase (NYSE:JPM) and Citigroup (NYSE:C) confirmed the strength of this sector in their recent earnings reports. Wells Fargo (NYSE:WFC) did not perform as well, but it continues to struggle with reputation issues. Goldman Sachs (NYSE:GS), which also offered mixed news in its report, depends more on investment banking. When Will BAC Stock Finally Rise?With BAC stock, the near-term questions involve when a breakout will occur and what will cause it? Since quarterly earnings did not offer a catalyst, predicting when becomes more difficult.If nothing else, rising profits and falling earnings multiples will eventually take BAC stock higher. Moreover, BAC will pay its investors to wait with dividends. BAC has increased its payout for five straight years now. This year's dividend of 60 cents per share yields about 2%. Hence, investors will receive a payout slightly above the current S&P 500 average of 1.85%. Also, if history serves as an indication, investors can expect the dividend to increase over time. Final Thoughts on BAC StockConditions remain in place for BAC stock to move higher. The question hinges on when? As predicted, earnings increased and beat estimates again. Also, despite disappointments in revenue and net interest income, the stock recovered quickly. Still, this leaves BAC stock rangebound and traders with no indication as to when it will break out. * 10 Best Stocks to Buy and Hold Forever Investors can buy now and earn a yield of about 2% on the dividend. Also, even if little else occurs, improving profits will force Bank of America stock to move higher at some point. However, until a catalyst appears, expect payouts and little else from BAC stock.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 Bank of America Stock Is One Catalyst Away From Moving Higher appeared first on InvestorPlace.

  • JPMorgan names recipients of 'Advancing Cities' initiative
    American City Business Journals3 days ago

    JPMorgan names recipients of 'Advancing Cities' initiative

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    Yahoo Finance3 days ago

    JPMorgan's exec shuffle might lead to the bank's first female CEO

    While Jamie Dimon isn't expected to leave anytime soon, the executive shuffle at JPMorgan could be 'hugely significant' for succession.

  • Citizen Financial's (CFG) Q1 Earnings Top, Expenses Flare Up
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  • Barrons.com4 days ago

    How to Buy Goldman Sachs and JPMorgan Chase Stock on the Cheap

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  • Financial Times4 days ago

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  • The Case for FireEye Stock Isn’t Strong Enough to Make It a Buy
    InvestorPlace4 days ago

    The Case for FireEye Stock Isn’t Strong Enough to Make It a Buy

    If you look closely, there are signs of progress at FireEye (NASDAQ:FEYE). The cybersecurity company has been a disappointment, admittedly: FireEye stock once traded above $90, and now changes hands at $16. But FireEye generally has performed well in the past couple of years, and there's reason to see further improvements ahead.Source: David via Flickr (Modified)Growth in billings (which back out deferred revenue changes) shows demand is increasing, particularly as the company shifts from appliances to software. Operating margins are exceedingly thin, just 3% on an adjusted basis in 2018, which means earnings can jump sharply with even modest expansion.An ~80x multiple to the midpoint of 2019 EPS guidance makes it seem like FEYE stock is pricing in massive growth, but that's not quite the case. Margins can easily double or triple, which alone can move earnings substantially higher in coming years.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut even with that case, and even with FireEye stock basically flat YTD, it's difficult to get too excited. Margin expansion looks priced in. So does decent billings growth. That's particularly true when considering stock-based compensation and the fact that investors shouldn't be willing to trust FireEye just yet. * 10 S&P 500 Stocks to Weather the Earnings Storm The Case for FireEye StockOn its face, FireEye stock looks ridiculously expensive. Multiples of 4x+ EV/revenue and ~80x earnings hardly seem fitting for a company that at the midpoint of guidance expects billings to grow 7%+ in 2019 - and revenue just 6.5%.Indeed, that guidance was disappointing, and it was the key reason why FEYE fell 12% after Q4 earnings back in February. But even with modest top-line growth, there's still a case that FireEye stock can grow into its valuation. Operating margins last year, as noted, were just 3%.That was a 300 bps improvement over the ~flat figure posted the year before. Full-year guidance projects margins this year of 5-6% - continuing the positive trend.Combine a move to 9-10% margins along with revenue growth and FireEye earnings double in relatively short order. Indeed, FEYE stock jumped last month when JPMorgan Chase (NYSE:JPM) analysts upgraded the stock for similar reasons. The firm saw revenue growth accelerating thanks to product improvements - which should leverage operating expenses and continue margin expansion.JPMorgan also pointed out that the shift to software impacts reported revenue and earnings, since upfront sales are recognized over the course of the contract. The firm said billings and cash flow were better metrics. Indeed, FireEye's free cash flow guidance for 2019 suggests generation of $50-$60 million. That's a more reasonable 58x P/FCF multiple at the midpoint.Double that thanks to margin expansion, and continue high-single-digit billings growth into the future, and FEYE can grow into, and beyond the current valuation. The firm gave FireEye stock a price target of $20, which is line with the average Street target at the moment, and suggests over 20% upside. The Case Against FireEye StockThere are reasons for caution, however. For one, it's not guaranteed that margins are going to expand continuously or at least at the same rate as seen in 2018 and 2019. Management did say on the Q4 conference call that it expected headcount to stay relatively flat this year.That's not necessarily going to be the case going forward. FireEye isn't guaranteed to get two or three points of operating leverage each year. If it doesn't, earnings growth might not be good enough. To drive upside, FireEye has to at least get EPS moving toward the $1 level. It's guided to just $0.17-$0.21 this year. Something like 200-300% growth is easily priced in already, and if margin expansion slows, that type of growth is going to take several years.The second issue is that cybersecurity is a tough space with no shortage of options. Indeed I called out 5 cybersecurity stocks for investors of varying styles earlier this month. Palo Alto Networks (NYSE:PANW) is the clear industry leader. ProofPoint (NASDAQ:PFPT) is the hot young growth stock. Carbonite (NASDAQ:CARB) offers a turnaround story of its own.There are plenty of reasons to like the sector but the plethora of options suggests investors can find an easier, better-priced bull case than the one offered by FEYE.Finally - as is so often the case in tech - there's the issue of stock-based compensation. FireEye is targeting operating margins of 5-6% next year, and $50-$60 million in free cash flow. Stock-based compensation last year was $153 million, over 18% of revenue.Even if that figure falls in 2019, it significantly colors non-GAAP results (from which the compensation is excluded). Is FireEye really generating mid-single-digit margins? Is it really generating $50M+ in free cash flow? Or is just accomplishing those feats by diluting shareholders? Good, but Not GreatThe underlying story when it comes to FireEye makes some sense, admittedly. Margins should get better. Billings growth should continue - and may even accelerate.But even with FEYE lagging the market so far this year, the valuation really isn't compelling. There's still a lot of work left to do in terms of building margins and a long time for investors to wait. Competition is going to be intense, and it's tough, as yet, to call out FireEye as a clear leader. Given all that, in a hot sector, it seems like there are better choices out there.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy for Spring Season Growth * This Is How You Beat Back a Bear Market * 7 Dental Stocks to Buy That Will Make You Smile Compare Brokers The post The Case for FireEye Stock Isn't Strong Enough to Make It a Buy appeared first on InvestorPlace.

  • TheStreet.com4 days ago

    Pinterest, JPMorgan Chase, Canopy Growth and Facebook - 5 Things You Must Know

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  • Financial Times4 days ago

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  • Business Wire4 days ago

    JPMorgan Chase Announces $15 million for AdvancingCities Challenge Winners

    JPMorgan Chase today announced the first winning cities in the AdvancingCities Challenge, an annual competition to source innovative and sustainable solutions to address the most persistent problems facing communities. The Challenge is part of AdvancingCities, the firm’s $500 million, five-year initiative to drive inclusive growth and create greater economic opportunity in cities.

  • TheStreet.com4 days ago

    JPMorgan Chase Shuffles Its Top Executives, Piepszak Named Finance Chief

    said Chief Financial Officer Marianne Lake will step down to become head of the bank's consumer-lending operations, while Jennifer Piepszak, the company's head of card services, will be finance chief. Lake, who was named chief financial officer in 2012, has long been viewed as a contender to succeed Jamie Dimon as JPMorgan Chase CEO, according to The Wall Street Journal. Piepszak's move to finance chief makes her one of JPMorgan's most prominent representatives and gives her broad influence over the bank's businesses, according to the Journal.

  • JPMorgan Chase promotes two women as possible successors to Dimon
    American City Business Journals4 days ago

    JPMorgan Chase promotes two women as possible successors to Dimon

    Dimon is not expected to retire soon, but has noted that he may step down in four or five years. Dimon has been CEO of JPMorgan since 2005.

  • Cramer: Banks are doing better than thought and stocks are still cheap
    CNBC Videos3 days ago

    Cramer: Banks are doing better than thought and stocks are still cheap

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  • JPMorgan's Dimon on the potential for a US-China trade deal: I give it 85 percent
    Fox Business Videos4 days ago

    JPMorgan's Dimon on the potential for a US-China trade deal: I give it 85 percent

    JPMorgan Chase CEO Jamie Dimon on the bank's work in China, U.S. trade negotiations with China, his testimony before the House Financial Services Committee, potential government intervention in banking, regulations, public policy and health care.

  • Louisville gets $3M grant from JPMorgan
    Fox Business Videos4 days ago

    Louisville gets $3M grant from JPMorgan

    Louisville Mayor Greg Fischer on the impact of the $3 million grant the city received from JPMorgan as part of the AdvancingCities Challenge, job skills training, education and the importance of bourbon and tourism to the city.