JPMorgan Chase & Co. (NYSE:JPM) Stock Price Down 3.3% – What’s Next?

Shares of JPMorgan Chase & Co. (NYSE:JPM) traded down 3.3% during mid-day trading on Tuesday . The stock traded as low as $337.30 and last traded at $340.2750. 11,288,024 shares traded hands during mid-day trading, an increase of 21% from the average session volume of 9,322,195 shares. The stock had previously closed at $352.04.

Trending Headlines about JPMorgan Chase & Co.

Here are the key news stories impacting JPMorgan Chase & Co. this week:

• Positive Sentiment: JPMorgan’s asset-management division agreed to a potential $20 billion investment partnership with Qatar Investment Authority, covering public equities and private credit. The mandate could generate additional fee revenue and strengthen JPM’s global asset-management franchise. JPMorgan Chase Lands $20 Billion Mandate
• Positive Sentiment: JPMorgan is expanding its India operations, planning to double its GIFT City business while building out liquidity, payments and merchant-services capabilities. India’s increasing role in global trade could provide a meaningful source of longer-term growth. JPMorgan’s India Expansion Plan
• Positive Sentiment: JPMorgan Payments expanded its partnership with Thunes to enable faster cross-border payouts to bank accounts and mobile wallets across more than 100 corridors. The rollout supports transaction growth and reinforces JPM’s payments strategy. JPMorgan Payments Expansion
• Positive Sentiment: JPMorgan is reportedly considering allowing private-credit providers to fund some credit-card applicants it declines, potentially creating new fee opportunities and reducing balance-sheet exposure, though the plan could carry credit and regulatory risks. JPMorgan Card Business and Private Credit
• Neutral Sentiment: A report found that Treasury Secretary Scott Bessent’s husband mistakenly reported JPMorgan shares as cash. The shares were sold, and an ethics review found no knowing violation, limiting the direct financial impact on JPMorgan. Bessent Failed to Report JPMorgan Holdings
• Negative Sentiment: Bank stocks, including JPM, recently came under pressure as investors rotated toward technology and artificial-intelligence shares. Fresh AI-related fears also weighed on sentiment toward traditional financial stocks. Bank Stocks Tumble as AI Fears Surface
• Negative Sentiment: August data showed sequential increases in credit-card delinquencies and net charge-offs among major issuers. Although levels remained below those of a year earlier, the trend raises concerns about consumer-credit costs for JPMorgan. U.S. Card Issuer Delinquencies Rise

Analyst Ratings Changes

Several research firms have recently commented on JPM. Zacks Research cut JPMorgan Chase & Co. from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. Deutsche Bank Aktiengesellschaft raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $375.00 price target for the company in a report on Wednesday, July 22nd. Barclays lifted their price target on JPMorgan Chase & Co. from $391.00 to $420.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Weiss Ratings upgraded shares of JPMorgan Chase & Co. from a “buy (b)” rating to a “buy (b+)” rating in a report on Wednesday, September 2nd. Finally, Truist Financial upped their target price on shares of JPMorgan Chase & Co. from $344.00 to $352.00 and gave the stock a “hold” rating in a research report on Wednesday, July 15th. Sixteen analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and an average price target of $360.58.

JPMorgan Chase & Co. Stock Performance

The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.30. The stock’s 50 day moving average is $353.83 and its 200 day moving average is $325.00. The stock has a market capitalization of $893.46 billion, a price-to-earnings ratio of 14.41, a PEG ratio of 1.40 and a beta of 0.98.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.59 by $0.55. JPMorgan Chase & Co. had a net margin of 21.86% and a return on equity of 18.23%. The company had revenue of $58.02 billion for the quarter, compared to the consensus estimate of $50.72 billion. During the same quarter in the prior year, the firm earned $4.96 earnings per share. The company’s revenue for the quarter was up 27.7% compared to the same quarter last year. On average, analysts predict that JPMorgan Chase & Co. will post 24.3 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Shareholders of record on Tuesday, October 6th will be given a dividend of $1.65 per share. The ex-dividend date of this dividend is Tuesday, October 6th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.50. This represents a $6.60 annualized dividend and a yield of 2.0%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 28.28%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 2,500 shares of the company’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $352.81, for a total value of $882,025.00. Following the sale, the insider directly owned 71,047 shares in the company, valued at $25,066,092.07. This represents a 3.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.41% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Concorde Asset Management LLC grew its stake in JPMorgan Chase & Co. by 1.1% during the second quarter. Concorde Asset Management LLC now owns 2,660 shares of the financial services provider’s stock worth $871,000 after buying an additional 29 shares during the last quarter. Elevation Wealth Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 1.0% during the second quarter. Elevation Wealth Management LLC now owns 3,074 shares of the financial services provider’s stock valued at $1,006,000 after acquiring an additional 29 shares during the period. Henrickson Nauta Wealth Advisors Inc. grew its position in shares of JPMorgan Chase & Co. by 0.8% during the 2nd quarter. Henrickson Nauta Wealth Advisors Inc. now owns 3,531 shares of the financial services provider’s stock worth $1,156,000 after buying an additional 29 shares during the period. Arkansas Financial Group Inc. grew its holdings in JPMorgan Chase & Co. by 1.1% during the 2nd quarter. Arkansas Financial Group Inc. now owns 2,667 shares of the financial services provider’s stock worth $873,000 after acquiring an additional 30 shares during the period. Finally, Flynn Zito Capital Management LLC increased its holdings in JPMorgan Chase & Co. by 1.1% in the second quarter. Flynn Zito Capital Management LLC now owns 2,830 shares of the financial services provider’s stock valued at $926,000 after purchasing an additional 30 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a global financial services company headquartered in New York City. Through its businesses, the company provides banking, lending, payments, investment banking, asset management and wealth management services to consumers, businesses, institutional clients and governments.

The company operates through four primary business areas: Consumer & Community Banking; Commercial & Investment Banking; Asset & Wealth Management; and Corporate. Its offerings include deposit accounts, credit cards, mortgages, auto loans, business banking, commercial lending, treasury services, investment banking, securities trading, investment management and private banking.

JPMorgan Chase serves customers in the United States and maintains operations and client relationships across numerous international markets.