Large Outflow of Money Witnessed in J P Morgan Chase & Co

J P Morgan Chase & Co (JPM) : Money flow in the J P Morgan Chase & Co (JPM) stock was negative (16.97 million) on Wednesday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $72.91 million, compared to $89.89 million on downticks. The total uptick to downtick ratio was 0.81, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($16.18 million), indicating selling on the strength. The transaction value during uptick in block trades was $4.87 million. Downtick transaction value in block trades amounted to $21.05 million, indicating persistent selling. The uptick to downtick ratio was 0.23. J P Morgan Chase & Co (JPM) traded $0.15 higher at $66.51 gaining 0.23% over the previous days close.


JPMorgan Chase & Co. has lost 0.19% in the last five trading days and dropped 0.36% in the last 4 weeks. JPMorgan Chase & Co. is up 9.85% in the last 3-month period. Year-to-Date the stock performance stands at 3.26%.

J P Morgan Chase & Co (JPM) : The consensus on J P Morgan Chase & Co (JPM) based on 21 analyst recommendation on the company stock is 2, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 12 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 6 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

J P Morgan Chase & Co (NYSE:JPM): The stock opened at $66.58 and touched an intraday high of $66.77 on Wednesday. During the day, the stock corrected to an intraday low of $65.9939, however, the bulls stepped in and pushed the price higher to close in the green at $66.71 with a gain of 0.53% for the day. The total traded volume for the day was 11,277,936. The stock had closed at $66.36 in the previous trading session.

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.

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