JPMorgan Chase & Co. (NYSE:JPM) Trading Down 1.7% – Here’s Why

JPMorgan Chase & Co. (NYSE:JPM)’s share price dropped 1.7% on Monday . The company traded as low as $347.55 and last traded at $350.3210. 8,199,346 shares changed hands during mid-day trading, a decline of 11% from the average daily volume of 9,255,361 shares. The stock had previously closed at $356.23.

Trending Headlines about JPMorgan Chase & Co.

Here are the key news stories impacting JPMorgan Chase & Co. this week:

• Positive Sentiment: JPMorgan is repositioning its private bank to capture wealth created by artificial intelligence, targeting growth in fee-generating asset and wealth management as well as additional lending relationships. This could support longer-term revenue diversification and earnings growth. JPMorgan’s Private Bank Reset Targets the Next Wave of AI Wealth
• Positive Sentiment: The bank closed a $1.1 billion U.S. industrial net-lease fund focused on industrial and infrastructure-related assets, highlighting continued institutional demand for JPMorgan’s alternatives platform and potential fee income. J.P. Morgan Closes $1.1B US Industrial Net Lease Fund
• Neutral Sentiment: JPMorgan research remains constructive on AI-related demand, including expectations that ASML could pursue more than 110 EUV machines in 2028. The read-through supports technology and investment-banking activity, but it has limited direct impact on JPMorgan’s near-term results. ASML Eyes 110+ EUV Machines as JPM Stresses Strong AI Demand
• Neutral Sentiment: Reports that JPMorgan upgraded AI data-center operator IREN and downgraded MARA reflect the bank’s equity-research views rather than a material change to JPM’s own fundamentals. IREN Receives Double Upgrade
• Negative Sentiment: Oil prices moved above $100 after damage to a Saudi pipeline. JPMorgan strategists warned that investors may be underestimating the possibility of a rapid market decline, raising concerns about inflation, interest rates and risk-asset valuations. Oil Over $100 Raises Market Decline Concerns
• Negative Sentiment: Two small investment firms reported reducing their JPMorgan holdings. These sales are immaterial relative to the bank’s market capitalization but may add modest sentiment pressure. Focused Alpha Reduces JPMorgan Holdings

Analyst Ratings Changes

Several research firms have weighed in on JPM. Truist Financial boosted their target price on shares of JPMorgan Chase & Co. from $344.00 to $352.00 and gave the stock a “hold” rating in a research report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $375.00 price objective for the company in a research note on Wednesday, July 22nd. Wells Fargo & Company upped their target price on JPMorgan Chase & Co. from $375.00 to $390.00 and gave the company an “overweight” rating in a research report on Friday, August 14th. Morgan Stanley reaffirmed a “positive” rating and set a $370.00 price target on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 15th. Finally, Barclays boosted their price target on JPMorgan Chase & Co. from $391.00 to $420.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and a consensus target price of $359.96.

JPMorgan Chase & Co. Trading Down 1.7%

The firm has a market cap of $931.22 billion, a price-to-earnings ratio of 15.01, a price-to-earnings-growth ratio of 1.47 and a beta of 0.98. The company’s 50-day moving average price is $352.26 and its 200-day moving average price is $322.29. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.30.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share for the quarter, topping the consensus estimate of $5.59 by $0.55. JPMorgan Chase & Co. had a net margin of 21.86% and a return on equity of 18.23%. The firm had revenue of $58.02 billion during the quarter, compared to the consensus estimate of $50.72 billion. During the same quarter in the prior year, the firm earned $4.96 EPS. The company’s revenue for the quarter was up 27.7% on a year-over-year basis. Equities analysts expect that JPMorgan Chase & Co. will post 24.3 EPS for the current fiscal year.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 2,500 shares of the firm’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $352.81, for a total value of $882,025.00. Following the completion of the sale, the insider directly owned 71,047 shares of the company’s stock, valued at $25,066,092.07. This trade represents a 3.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Stacey Friedman sold 5,467 shares of JPMorgan Chase & Co. stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $330.73, for a total value of $1,808,100.91. Following the transaction, the general counsel owned 40,961 shares in the company, valued at approximately $13,547,031.53. This represents a 11.78% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 10,467 shares of company stock worth $3,593,651. Insiders own 0.41% of the company’s stock.

Institutional Investors Weigh In On JPMorgan Chase & Co.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bullseye Investment Management LLC purchased a new stake in shares of JPMorgan Chase & Co. in the 2nd quarter valued at approximately $390,000. Marathon Wealth Advisors LLC increased its holdings in shares of JPMorgan Chase & Co. by 1.4% during the 2nd quarter. Marathon Wealth Advisors LLC now owns 14,499 shares of the financial services provider’s stock worth $4,746,000 after buying an additional 203 shares during the last quarter. U S Wealth Group LLC. raised its position in shares of JPMorgan Chase & Co. by 11.7% during the 2nd quarter. U S Wealth Group LLC. now owns 11,454 shares of the financial services provider’s stock valued at $3,749,000 after buying an additional 1,204 shares during the period. Bouchey Financial Group Ltd. raised its position in shares of JPMorgan Chase & Co. by 2.1% during the 2nd quarter. Bouchey Financial Group Ltd. now owns 8,495 shares of the financial services provider’s stock valued at $2,781,000 after buying an additional 172 shares during the period. Finally, Core Capital Management & Research inc. acquired a new position in JPMorgan Chase & Co. in the second quarter valued at approximately $1,106,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a global financial services company headquartered in New York City. Through its businesses, the company provides banking, lending, payments, investment banking, asset management and wealth management services to consumers, businesses, institutional clients and governments.

The company operates through four primary business areas: Consumer & Community Banking; Commercial & Investment Banking; Asset & Wealth Management; and Corporate. Its offerings include deposit accounts, credit cards, mortgages, auto loans, business banking, commercial lending, treasury services, investment banking, securities trading, investment management and private banking.

JPMorgan Chase serves customers in the United States and maintains operations and client relationships across numerous international markets.