JP Morgan Chase & Co (JPM-N)
364 watching
NYSE:JPM
114.05
1.44
(1.28%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
Jul 1, 2022, 8:00 pm
0
TOP PICK
Market is pricing in a recession. If that does not happen, JPM will deliver good results. Positive loan growth. Guy Adami recently gave a Buy signal. Social media mentions are up 300% for the past 24h.
Financial Services
$131.135
Unknown
HOLD
No surprise that banks are off so much, because the market is pricing in a recession, though he's neutral. He's holding onto his banks including JPM and isn't buying the current weakness in banks. Labour costs are a headwind, but improving loan growth is a positive going forward. He also likes Blackstone because of their superb management.
Financial Services
BUY
Financials have been sold off. BAC and JPM are trading at 1.7x tangible book. JPM hasn't seen such levels in 15 years, and BAC has returned to this level since Covid hit. Overall, bank valuations are now making sense.
Financial Services
HOLD
Impact of Russia? They don't have as much exposure to Russia as other American banks like Citi. Also consider the size of the Russia economy, which is around Canada's, so not that large. JPM shares are down because of fears that the US Fed will lead the US economy into recession. If that does not happen, JPM will deliver good results, like positive loan growth. This is good to hold onto.
Financial Services
DON'T BUY
JPM is too pricey at 2x price-to-book. GS is only 1x, so he prefers this. He also likes regional banks to some degree.
Financial Services
BUY
You don't need to worry about them (earnings missed today), because the CEO is so strong. He's underpromising and over-delivering. The financial sector is an opportunity overall. Banks with a diversified business mix will do well, despite facing some challenges. She feels this way about Goldman Sachs, too.
Financial Services
BUY
The best time to invest is when things are down. Phenomenal, long-term franchise. Weathered financial crisis well. Good and growing dividend yield. Low valuation. Great time to step in. Flat yield curve is not great for banks, and geopolitical risk right now. But if you wait for things to normalize, the stock's already recovered.
Financial Services
WAIT
JPM vs. WFC Neither stands out over the other. JPM is 10x earnings, whereas WFC is 10.7x. Problem is that rising interest rates by themselves don't mean bigger profits. Wants to see stability in the yield curve, as it's flattened quite quickly. Needs to see fund flows get better before buying.
Financial Services
BUY on WEAKNESS
Bullish market outlook He bought more to reduce his cash position to near-zero. He's all in. Very bullish. Has a very long-term horizon. The market has priced in the Russian war and crude oil's rally. Eventually, the Saudis will sell oil as it stays above $100. If oil dips below $100 in the next week or two, this market will rip. It's one headline away to rip higher. Sure, markets can fall on a bad headline, but it's more likely that things get better from here, not worse. As hostilities in eastern Europe fade and as we get the first rate hike, it will become clearer how strong the US economy is. There are plenty of jobs and capex spending. Also, nobody talks about Covid, so people will get back to work and supply chains will ease.
Financial Services
HOLD
Arguably, most well-regarded bank in the world. Has grown the franchise, very well capitalized, well positioned. Spending on tech to compete with fintech. Will always get its share of the capital markets world. More money with steepening yield curve. As world issues are resolved and the world becomes normalized, investors will turn to the banks again.
Financial Services
TOP PICK
Bet on the US economy. Christine Poole and Barry Schwartz recently gave a BUY signal. Social media mentions are up 143% over the last 24h.
Financial Services
BUY
US banks are a bet on the US economy, and it's strong. Interest rates won't go up as much as people think. He owns JPM and Canadian banks. JPM is very cheap, 10-11x earnings. Stocks are volatile, especially with the Russia situation.
Financial Services
BUY
Question about BAC A good bank and good play on the US economy, but she prefers JPM though JPM shares have lagged BAC, but JPM will catch up. You want to be exposed to US banks because interest rates are rising. JPM has been investing more in their business, and the street didn't like that, but it makes strategic sense. All banks are diversified in capital markets activity, lending and wealth management.
Financial Services
BUY
Inflation-protection trades: energy (and materials). Both cyclical sectors are positively correlated to inflation. She also likes Martin Marietta given its heavy business in residential and non-res construction and a tailwind from Dems and Republicans to fix bridges and ports during supply-chain issues. Financials: JPM she likes, though they had a disappointing recent earnings, they do have a multi-faceted business. For more cyclicals, consider EM, namely IEMG.
Financial Services
PAST TOP PICK
(A Top Pick Feb 18/21, Up 10%) The banks will do well with rising rates. Also, JPM is strong in capital markets. Note that earnings from US banks this year over last will decline slightly, due to the effect of loan-loss provisions from 2020, which were mostly unused. Overall, he's positive the US banks.
Financial Services
JP Morgan Chase & Co(JPM-N) Rating
Ranking : 5 out of 5
Bullish - Buy Signals / Votes : 19
Neutral - Hold Signals / Votes : 4
Bearish - Sell Signals / Votes : 2
Total Signals / Votes : 25
JP Morgan Chase & Co(JPM-N) Frequently Asked Questions
What is JP Morgan Chase & Co stock symbol?
JP Morgan Chase & Co is a American stock, trading under the symbol JPM-N on the New York Stock Exchange (JPM). It is usually referred to as NYSE:JPM or JPM-N
Is JP Morgan Chase & Co a buy or a sell?
In the last year, 25 stock analysts published opinions about JPM-N. 19 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for JP Morgan Chase & Co.
Is JP Morgan Chase & Co a good investment or a top pick?
JP Morgan Chase & Co was recommended as a Top Pick by on . Read the latest stock experts ratings for JP Morgan Chase & Co.
Why is JP Morgan Chase & Co stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is JP Morgan Chase & Co worth watching?
25 stock analysts on Stockchase covered JP Morgan Chase & Co In the last year. It is a trending stock that is worth watching.
What is JP Morgan Chase & Co stock price?
On 2022-07-01, JP Morgan Chase & Co (JPM-N) stock closed at a price of $114.05.
