JPMorgan Chase & Co. Sees Unusually High Options Volume (JPM)
JPMorgan Chase & Co. (NYSE:JPM) saw some unusual options trading activity on Friday. Stock traders bought 41,711 call options on the company, Stock Ratings News reports. This is an increase of approximately 169% compared to the typical daily volume of 15,523 call options.
A number of research firms have recently commented on JPM. Analysts at Zacks downgraded shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating in a research note on Thursday, May 29th. They now have a $50.00 price target on the stock. Separately, analysts at Citigroup Inc. initiated coverage on shares of JPMorgan Chase & Co. in a research note on Wednesday, May 21st. They set a “buy” rating on the stock. Finally, analysts at MKM Partners initiated coverage on shares of JPMorgan Chase & Co. in a research note on Wednesday, May 21st. They set a “buy” rating and a $65.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the stock. JPMorgan Chase & Co. has a consensus rating of “Buy” and a consensus price target of $61.11.
Shares of JPMorgan Chase & Co. (NYSE:JPM) traded up 0.60% on Friday, hitting $56.97. 15,384,852 shares of the company’s stock traded hands. JPMorgan Chase & Co. has a 52 week low of $50.06 and a 52 week high of $61.48. The stock’s 50-day moving average is $54.97 and its 200-day moving average is $56.94. The company has a market cap of $215.6 billion and a P/E ratio of 14.03.
JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, April 11th. The company reported $1.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by $0.13. The company had revenue of $23.90 billion for the quarter, compared to the consensus estimate of $24.55 billion. During the same quarter in the previous year, the company posted $1.59 earnings per share. The company’s revenue for the quarter was down 8.5% on a year-over-year basis. On average, analysts predict that JPMorgan Chase & Co. will post $5.37 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, July 31st. Shareholders of record on Thursday, July 3rd will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend is Tuesday, July 1st. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $0.38.
JPMorgan Chase & Co (NYSE:JPM) is a financial holding company.
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