Somewhat Positive Media Coverage Somewhat Unlikely to Affect J P Morgan Chase & Co (JPM) Share Price
News coverage about J P Morgan Chase & Co (NYSE:JPM) has been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. J P Morgan Chase & Co earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 46.3419741061826 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- American Assets Investment Management Lowered Jpmorgan Chase & Co (JPM) Holding; Flaherty & Crumrine (thefucomics.com)
- Marriott to Continue Partnership with American Express and JPMorgan Chase (frequentbusinesstraveler.com)
- JPMorgan, Santander partner in asset management in Brazil (SANB11, JPM, SAN, CFINSANTIA) (markets.businessinsider.com)
- AmEx and J.P. Morgan Will Keep Sharing Marriott’s Credit Card Program (wsj.com)
- SEC Said to Target Banks, Hedge Funds (finance.yahoo.com)
Shares of J P Morgan Chase & Co (NYSE:JPM) traded up $2.16 during trading on Tuesday, reaching $106.95. The company had a trading volume of 23,576,600 shares, compared to its average volume of 13,990,583. J P Morgan Chase & Co has a 52 week low of $81.64 and a 52 week high of $108.40. The company has a market capitalization of $363,592.56, a price-to-earnings ratio of 15.10, a PEG ratio of 2.27 and a beta of 1.22. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.03 and a current ratio of 1.03.
J P Morgan Chase & Co (NYSE:JPM) last announced its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.67 by $0.09. J P Morgan Chase & Co had a return on equity of 11.68% and a net margin of 24.08%. The company had revenue of $25.33 billion during the quarter, compared to analyst estimates of $24.91 billion. During the same period in the prior year, the company earned $1.58 earnings per share. The firm’s revenue was up 2.6% on a year-over-year basis. sell-side analysts predict that J P Morgan Chase & Co will post 6.91 earnings per share for the current year.
JPM has been the subject of a number of analyst reports. Wells Fargo & Company initiated coverage on J P Morgan Chase & Co in a research report on Wednesday, August 9th. They issued an “outperform” rating and a $110.00 price target for the company. Royal Bank Of Canada restated a “buy” rating and issued a $95.00 price target on shares of J P Morgan Chase & Co in a research report on Friday, August 18th. Keefe, Bruyette & Woods set a $96.00 price target on J P Morgan Chase & Co and gave the stock a “hold” rating in a research report on Saturday, August 19th. Zacks Investment Research upgraded J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $103.00 price target for the company in a research report on Thursday, August 24th. Finally, BMO Capital Markets restated a “hold” rating and issued a $86.00 price target on shares of J P Morgan Chase & Co in a research report on Friday, August 25th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and sixteen have issued a buy rating to the company. J P Morgan Chase & Co has an average rating of “Hold” and an average price target of $92.18.
In related news, General Counsel Stacey Friedman sold 2,099 shares of the stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $101.96, for a total transaction of $214,014.04. Following the completion of the transaction, the general counsel now directly owns 15,279 shares of the company’s stock, valued at $1,557,846.84. The sale was disclosed in a filing with the SEC, which is available through this link. 0.88% of the stock is currently owned by corporate insiders.
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About J P Morgan Chase & Co
JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.
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