Extremely important positive changes in investment behavior have recently occurred for JPMorgan Chase & Co (NYSE: JPM): positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
JPMorgan Chase & Co (NYSE: JPM). Meaningful positive changes in fundamentals have recently occurred: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, JPM is expected to continue to be a major Value Builder.
JPMorgan Chase has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. JPMorgan Chase has a good Power Rating of 84 and a very high Appreciation Score of 86, triggering the Highest Value Trend Rating.
Recent Price Action
JPMorgan Chase & Co (NYSE: JPM) stock closed at $171.33 on 1/3/24 after a slight decline of -0.4%. This decline was accompanied by normal trading volume. The stock has risen 2.3% during the last week and has been strong relative to the market over the last nine months.
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