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JP Morgan Chase & Co. (JPM) live price

Discover historical price data for JP Morgan Chase & Co stocks and take your profit on price changes.

JPM

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136.02 USD -1.56317%
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JPMorgan Chase is among the most popular assets in the banking sector. This financial conglomerate has a reputation as one of the largest and most successful banks in the world. To find out how profitable and effective investing in JPMorgan stock is, study the company's financial performance and read analysts' forecasts.

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Basic company information

JPMorgan Chase & Co is an American multinational company that is one of the largest banks in the world. Conglomerate JPMorgan Chase & Co was created by combining many financial institutions. The oldest of them is The Bank of Manhattan Company, founded by Aaron Burr in 1799.

JPMorgan Chase & Co. was formed in 2000 after the merger of The Chase Manhattan Corporation and J.P. Morgan & Co. Incorporated. The transaction amounted to $35 billion. Shares of the bank, which emerged from the merger of two organizations, are now listed on the New York Stock Exchange under the ticker NYSE: JPM.

Company activity

JPMorgan Chase is one of the leaders in investment banking in the world. The company provides financial services to businesses and also works in commercial banking. The corporation consists of several divisions, which work in different sectors of banking services.

The main activities of JPMorgan Chase are:

  1. corporate and investment services;
  2. banking services;
  3. asset management;
  4. commercial banking.

The main region of the financial conglomerate is North America. Retail banking services are available only to U.S. clients. The commercial bank J.P. Morgan Bank International Limited operates in the European, African, and Middle Eastern regions. This division is based in London and has regional offices in Belgium, France, Greece, Israel, Italy, and other countries.

The latest news on the share price

In mid-July, immediately after the publication of the report for the second quarter of 2022, JPM quotes fell by 3.5%. The fall of the bank's stock price was the discrepancy between the financial results and analysts' forecasts. Despite this, the shares of JPMorgan gained more than 4.5% on July 15, 2022. Securities of other giants of the banking sector, such as Morgan Stanley and Goldman Sachs also rose on that day. The catalyst for the growth of quotations of the largest banks was good news about interest rates.

After the publication of the financial report for the second quarter of 2022, JPMorgan announced the suspension of the repurchase of JPM shares. This is due to the bank's plans to create a reserve to prepare for the higher capital requirements that are expected in the next few years. The suspension of the share buyback is one part of a plan to hold market positions during the crisis.

JPMorgan Chase's stock has lost 29% in value since the beginning of 2022, as of July 15 this year. The company recorded $2.76 per security earnings in the second quarter of 2022. This level was below the projected $2.88. Other central banks are also feeling the slump in quotations. Many stocks in the banking sector were trading at 52-week lows in mid-summer 2022.

✅ The benefits of investing in JPMorgan

  • Many analysts and investors are optimistic about JPMorgan stock. Right now the securities of this financial giant are trading with relatively low-profit multipliers. However, experts note that the bank has provided a sufficient level of capital to pass through the recession.
  • A positive aspect for the bank is the growth of net interest income (NII). This indicator rises under the influence of the fairly rapid development of the lending sector.

❌ Disadvantages of investing in JPMorgan

  • The banking sector is now under the impact of recession fears. A recession could lead to slower credit growth and higher costs for high-interest deposits, risking shrinking margins. Due to the volatile financial markets, investors may see increased volatility in JPMorgan's quotes.
  • Investors are actively selling off shares of JPMorgan and other banks in the summer of 2022. One of the reasons for this is the pressure on institutions that generate fee income.

Financial indicators

In July of this year, the bank released its financial results for the second quarter of 2022. The company's revenues were $31.6 billion, an increase of $235 million year-over-year. Net income reached $8.6 billion. Analysts noted that the second quarter of 2022 was the most unprofitable of the last five quarters.

Despite expectations of a recession and a Fed rate hike, JPMorgan's average loans rose 7% year over year. That's a 2% increase over the first three months of 2022. Deposits rose 13% year over year in the reporting period. Investment assets of JPMorgan's clients declined 7%. In residential lending, revenues fell 26%. The commercial banking sector brought in a net profit of $1 billion.

JPMorgan stock price forecast for 2023, 2025, and 2030

As of early August 2022, JPMorgan's stock has lost about 30% in price since the beginning of this year. Many analysts and investors are inclined to believe that in anticipation of higher lending rates, the banking sector companies cannot be called the most suitable option for investment. On the downside, GDP has also declined for two quarters in a row. This may suggest that the U.S. is already on the verge of a recession, which will hit the banking sector. However, some experts believe that the decline in JPMorgan shares price can mean that the quotes of this asset are ready for the rebound. It's possible that JPM's share price could double soon.

We used artificial intelligence technology-based systems to make a forecast on JPMorgan shares. After conducting a technical analysis, we determined that JPM's stock price will average $105 in 2023. According to this prediction, the stock price of the bank under consideration may decline by approximately 8.7% from $115 on August 30, 2022. In 2025, the JPMorgan stock price may fluctuate between $58 and $75. On a pessimistic forecast, the bank's stock price could sag to $32 by 2030.

Answers to Frequently Asked Questions

How has the COVID-19 pandemic affected JPMorgan's stock price?

In March 2020, JPM was quoted at $90. Until October 2020, the stock price fluctuated between $90 and $100. Then the quotes went up and reached the $170 price level in October 2021. 

How does an individual invest in JPM stock?

To invest in stock market assets, including JPMorgan stock, log into your personal DotBig account and fund your trading account. 

How has JPMorgan's stock price changed over the past year?

From August 2021 to August 2022, JPMorgan stock has fallen from $158 to $115, as of Aug. 30, 2022. 

Can JPM stock be traded in automatic mode?

Passive mode trading is available on the copy trading platform from DotBig. Users of this service can copy trades of more experienced investors. Automated stock trading is also available using trading robots and trading signals. 

What other companies from the banking sector can I choose to invest in?

JPMorgan's main competitors are banks Morgan Stanley, Goldman Sachs, Wells Fargo, and Bank of America.

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