For its fourth fiscal quarter (ending December 31), JPMorgan Chase & Co (NYSE: JPM) has reported a -15% decline in E.P.S. from $3.58 a year ago to $3.04 in the current quarter. This result fell short of the consensus estimate of $3.61 by $-0.57. E.P.S. were $16.25 for the latest four quarters through December 31 versus $12.10 for the same period a year ago — an increase of 34%.
Recent Price Action
On 1/12/24, JPMorgan Chase & Co (NYSE: JPM) stock declined slightly by -0.7%, closing at $169.05. Moreover, trading volume in this decline was exceptionally high at 217% of normal. Relative to the market the stock has been strong over the last nine months but has declined -1.4% during the last week.
Current PriceTarget Research Rating
JPM is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
JPMorgan Chase has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. JPMorgan Chase has a good Power Rating of 84 and a very high Appreciation Score of 86, triggering the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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