For its third fiscal quarter (ending September 30), JPMorgan Chase & Co (NYSE: JPM) has reported a 1% increase in E.P.S. from $4.33 a year ago to $4.38 in the current quarter. This performance was $0.39 better than the consensus estimate of $3.99. For the latest four quarters through September 30, E.P.S. were $18.01 compared to $16.78 a year ago — an increase of 7%.
Recent Price Action
JPMorgan Chase & Co (NYSE: JPM) stock enjoyed a large increase of 4.4% on 10/11/24. The stock closed at $222.29. Moreover, exceptionally high trading volume at 210% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months and has risen 8.3% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, JPM is expected to continue to be an important 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 consistent signals. JPMorgan Chase has a good Power Rating of 72 and a very high Appreciation Score of 91, resulting in the Highest Value Trend Rating.
Rating Review
In light of this encouraging new earnings information and positive market action 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.
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