JPMorgan Chase & Co. Sees Unusually High Options Volume (JPM)
JPMorgan Chase & Co. (NYSE:JPM) saw some unusual options trading on Friday. Stock investors bought 38,048 put options on the company, Stock Ratings News reports. This represents an increase of 183% compared to the typical volume of 13,435 put options.
JPM has been the subject of a number of recent research reports. Analysts at RBC Capital raised their price target on shares of JPMorgan Chase & Co. from $64.00 to $65.00 in a research note on Wednesday, July 23rd. They now have an “outperform” rating on the stock. Separately, analysts at Nomura raised their price target on shares of JPMorgan Chase & Co. from $62.00 to $64.00 in a research note on Monday, July 21st. Finally, analysts at FBR Capital Markets upgraded shares of JPMorgan Chase & Co. from a “market perform” rating to an “outperform” rating in a research note on Monday, July 21st. They now have a $70.00 price target on the stock, up previously from $55.00. Three research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $61.76.
JPMorgan Chase & Co. (NYSE:JPM) traded down 0.40% on Friday, hitting $56.75. 12,727,384 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 has a 50-day moving average of $57.30 and a 200-day moving average of $56.93. The company has a market cap of $213.4 billion and a price-to-earnings ratio of 14.63.
JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Tuesday, July 15th. The company reported $1.59 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.33 by $0.26. The company had revenue of $25.30 billion for the quarter, compared to the consensus estimate of $23.86 billion. During the same quarter last year, the company posted $1.60 earnings per share. JPMorgan Chase & Co.’s revenue was down 3.0% compared to the same quarter last year. Analysts expect that JPMorgan Chase & Co. will post $5.51 EPS for the current fiscal year.
JPMorgan Chase & Co (NYSE:JPM) is a financial holding company.
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