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 4.63% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.2%, 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 3.64% in the last 1 week, and is up 7.23% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
J P Morgan Chase & Co (NYSE:JPM): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $65.14 and $65.07 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $66.37. The buying momentum continued till the end and the stock did not give up its gains. It closed at $66.30, notching a gain of 2.70% for the day. The total traded volume was 20,752,730 . The stock had closed at $64.56 on the previous day.
The stock has recorded a 20-day Moving Average of 3.97% and the 50-Day Moving Average is 5.25%. JPMorgan Chase & Co. is up 8.47% in the last 3-month period. Year-to-Date the stock performance stands at 2.62%.
J P Morgan Chase & Co (JPM) : Average target price received by J P Morgan Chase & Co (JPM) is $68.2 with an expected standard deviation of $8.17. The most aggressive target on the stock is $79, whereas the most downbeat target is $50. 15 financial analysts are currently covering the stock.
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.