What Makes JPMorgan Chase & Co. (JPM) a Strong Momentum Stock: Buy Now?

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1][2]. Company Overview: JPMorgan Chase & Co. (JPM) - JPMorgan Chase & Co. currently holds a Momentum Style Score of A and a Zacks Rank of 2 (Buy) [3][4]. - The stock has shown strong performance, with an 8.04% increase over the past week, outperforming the Zacks Financial - Investment Bank industry, which rose by 7.51% [6]. - Over the last month, JPM shares increased by 8.71%, compared to the industry's 5.6% [6]. - In the longer term, JPM shares have gained 14.93% over the past quarter and 52.35% over the last year, while the S&P 500 only increased by 2.54% and 25.42%, respectively [7]. Trading Volume - JPM's average 20-day trading volume is 7,732,679 shares, indicating a bullish sign as rising stocks with above-average volume are generally viewed positively [8]. Earnings Outlook - Over the past two months, 6 earnings estimates for JPM have been revised upwards, while only 1 has been revised downwards, leading to an increase in the consensus estimate from $16.69 to$17.65 [10]. - For the next fiscal year, 4 estimates have moved upwards, with 1 downward revision during the same period [10]. Conclusion - Considering the strong momentum indicators and positive earnings outlook, JPMorgan Chase & Co. is positioned as a promising investment opportunity with a Momentum Score of A [12].