JPMorgan Chase & Co. Sees Unusually High Options Volume (JPM)
JPMorgan Chase & Co. (NYSE:JPM) was the target of unusually large options trading activity on Wednesday. Traders acquired 69,234 put options on the company, Analyst Ratings Network reports. This is an increase of 249% compared to the typical daily volume of 19,821 put options.
A number of research firms have recently commented on JPM. Analysts at Societe Generale initiated coverage on shares of JPMorgan Chase & Co. (NYSE:JPM) in a research note to investors on Thursday, September 19th. They set a “hold” rating and a $56.00 price target on the stock. Separately, analysts at S&P Equity Research upgraded shares of JPMorgan Chase & Co. (NYSE:JPM) to a “strong-buy” rating in a research note to investors on Thursday, September 19th. Finally, analysts at TheStreet reiterated a “buy” rating on shares of JPMorgan Chase & Co. (NYSE:JPM) in a research note to investors on Tuesday, September 3rd.
One analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the company. JPMorgan Chase & Co. presently has a consensus rating of “Buy” and an average target price of $58.69.
JPMorgan Chase & Co. (NYSE:JPM) traded up 2.74% during mid-day trading on Wednesday, hitting $51.70. 39,175,564 shares of the company’s stock traded hands. JPMorgan Chase & Co. has a 52 week low of $38.83 and a 52 week high of $56.93. The stock’s 50-day moving average is $52.62 and its 200-day moving average is $51.94. The company has a market cap of $194.8 billion and a P/E ratio of 8.41.
JPMorgan Chase & Co. (NYSE:JPM) last released its earnings data on Friday, July 12th. The company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.22. The company had revenue of $25.20 billion for the quarter, compared to the consensus estimate of $24.84 billion. During the same quarter in the previous year, the company posted $1.21 earnings per share. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. On average, analysts predict that JPMorgan Chase & Co. will post $5.86 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, October 31st. Investors of record on Friday, October 4th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend is Wednesday, October 2nd.
JPMorgan Chase & Co (NYSE:JPM) is a financial holding company.
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