JPMorgan Chase & Co. (JPM) closed the most recent trading day at $198.94, moving -0.68% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 0.2%. Elsewhere, the Dow lost 0.6%, while the tech-heavy Nasdaq added 0.11%.The company's stock has climbed by 8.1% in the past month, exceeding the Finance sector's gain of 4.2% and the S&P 500's gain of 3.32%.Market participants will be closely following the financial results of JPMorgan Chase & Co. in its upcoming release ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider JPMorgan Chase & Co. (JPM) . This company, which is in the Zacks Banks - Major Regional industry, shows potential for another earnings beat.This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 8.87%.For the las ...

Michael M. Santiago Thesis One of the main beneficiaries of the regional banking crisis last year was JPMorgan (JPM), an international systemically important bank. JPM represents in our view one of the best run banks and is able to achieve the rare feat of paying 0.01% on their checking and savings accounts currently: Checking & Savings (JPM) With Fed Funds above 5% and a depositor base shifting to money market accounts, many smaller banks have been forced to increase the rates they pay on savings and check ...

Michael M. Santiago Thesis In my previous article (released in Q3 2023, which were released on October 13) that covered JPMorgan Chase & Co. (NYSE:JPM), I assigned a strong buy rating citing that its estimated fair price was around $314.74, an 85% upside from the stock price at the time of $170.1. The stock price is around $196.6, which indicates that the stock has increased by 15.57% since my previous article. In this article, I will update my model on JPMorgan with the information from Q4 2023, released o ...

It doesn’t seem like it based on the mercurial valuations of certain innovators but a rotation away from technology could open doors for stocks hedge funds are buying. Basically, it may be time to consider following the money.According to a Reuters report, investors dumped tech stocks at the fastest rate on record. Not only that, they poured money into investment-grade bonds and cash equivalents earlier this month. That’s coming from Bank of America, which cited data from EPFR, which provides fund flows and ...

Per an internal memo seen by Reuters, JPMorgan (JPM) has set up a new dedicated sports investment banking (“IB”) team. The move comes as the Wall Street giant seeks to tap the increasingly profitable industry.The new IB team is expected to offer advisory and financing solutions for activities like investing in sports franchises to clients globally.Fred Turpin, the global head of media and communications investment banking, stated, “Sports has become an increasingly large asset class, attracting more and mor ...

JPMorgan (JPM) has raised its quarterly dividend for the second time in the past year. The country’s biggest lender has announced a dividend of $1.15 per share, marking a 9.5% increase from the prior payout. The dividend will be paid out on Apr 30 to shareholders on record as of Apr 5.Last year, following the clearance of the 2023 stress test, JPM increased its quarterly dividend by 5% to $1.05 per share. This followed no change in dividend payout in 2022.Based on the last day’s closing price of $193.79, th ...

Key PointsThe XLF ETF has demonstrated strong momentum, up 8.48% YTD and nearly 32% over the previous year.The sector ETF has approached significant resistance around $42 after a notable turnaround since October last year.Top holdings like Berkshire Hathaway, JPMorgan Chase and Visa exhibit impressive performance, potentially influencing the sector outlook.5 stocks we like better than Financial Select Sector SPDR FundThe financial sector and the popular sector ETF Financial Select Sector Fund NYSE: XLF cont ...

NEW YORK--(BUSINESS WIRE)--JPMorgan Chase & Co. (NYSE: JPM) (“JPMorgan Chase” or the “Firm”) declared a quarterly dividend on the outstanding shares of the common stock of JPMorgan Chase. Information can be found on the Firm’s Investor Relations website at https://www.jpmorganchase.com/ir/news. JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America (“U.S.”), with operations worldwide. JPMorgan Chase had $3.9 trillion in assets and $328 billion in stockho ...

Key TakeawaysJPMorgan Chase & Co. has created a sports investment banking group to advise its sports-related clients around the world.Sports franchises across the U.S. and Europe have grown to be valued at more than $400 billion combined, according to an internal JPMorgan memo.The new group will join JPMorgan's existing sports operations, which have advised financing for a number of stadiums across the country. JPMorgan Chase & Co. (JPM) established a new "Sports Investment Banking Coverage" group and named ...