J P Morgan Chase & Co (JPM) : Traders are bullish on J P Morgan Chase & Co (JPM) as it has outperformed the S&P 500 by a wide margin of 3.73% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.21%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.55% in the last 1 week, and is up 3.52% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 1.28% and the fifty day Moving Average is 4.27%. JPMorgan Chase & Co. is up 2% in the last three month period. Year-to-Date the stock performance stands at 2.5%.
J P Morgan Chase & Co (JPM) has been rated by 16 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $79 and the lowest price target forecast is $50. The average forecast of all the analysts is $68.13 and the expected standard deviation is $7.9.
J P Morgan Chase & Co (NYSE:JPM): stock turned positive on Friday. Though the stock opened at $66.33, the bulls momentum made the stock top out at $66.88 level for the day. The stock recorded a low of $65.845 and closed the trading day at $66.22, in the green by 0.23%. The total traded volume for the day was 14,038,597. The stock had closed at $66.07 in the previous days trading.
JPMorgan Chase & Co. is a financial holding company. The Company is engaged in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. JPMorgan Chases activities are organized into four business segments. The Companys Consumer & Community Banking segment serves consumers and businesses through personal service at bank branches and through ATMs, online, mobile and telephone banking. The Corporate & Investment Bank, comprising Banking and Markets & Investor Services, offers investment banking, market-making, prime brokerage, and treasury and securities products and services. The Commercial Banking (CB) segment delivers industry knowledge, local expertise and service to the United States and the United States multinational clients. The Asset Management segment comprises investment and wealth management. The Company also operates a Corporate segment.