JPMorgan Chase & Co (NYSE: JPM) has reported earnings for its second fiscal quarter (ending June 30) of $6.13 versus $4.76 for the same period a year ago — an increase of 29%. This result exceeded the consensus estimate of $4.11 by $2.02. For the latest four quarters through June 30, E.P.S. were $17.95 versus $15.57 for the same period a year ago — an increase of 15%.
Recent Price Action
JPMorgan Chase & Co (NYSE: JPM) stock closed at $204.94 on 7/12/24 after a modest decline of -1.2%. Moreover, trading volume in this decline was unusually high at 168% of normal. The stock has declined -1.8% during the last week but has been exceptionally strong relative to the market over the last nine months.
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 83 and a very high Appreciation Score of 92, resulting in the Highest Value Trend Rating.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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