JP Morgan Stock Update

The financial firm has witnessed quite a few lows and highs in the last five trading days; mainly the company has lost 2.21% shares during that time.

On Thursday, JP Morgan’s shares has dropped down by 0.54% and traded at a share price of $64.13, due to the high volatility witnessed in the company, the price kept fluctuation throughout the week.

The trading session on Thursday commenced at a share price of $63.98 and was seen hitting a higher estimate level at $64.73 and a lower estimate at $64.48. On the volume of shares by the end of the trading session was at 16,687,313 shares at a price per share of $64.48. The price to earnings ratio of the company is at $11.58 with a market capital of $237.13 billion.

The earnings per share were reported to be $1.54 for the quarter which the analysts estimated to be $1.44, there was a difference of $0.10. According to analysts, the financial services firm earnings were estimated to be $24.53 billion while the quarter earning of the company was the same as the estimation. The financial institution saw a 52-week high of $70.61 and a 52-week low of $50.07.In the last five trading days, the company has lost 2.21%. In the past 4 week the company has dropped by 6.47%. The year to date stock performance is at 5.07% and in the last three months it has dropped by 1.34%.

Quite a few analysts have commented on the leading financial firm’s shares. The analysts at Citigroup, Inc. have given the company a rating of Buy, according to the research report that they shared with investors on July 14, 2015. As for Credit Sussie, they have given the financial firm a rating of Outperform with an estimate target price of $75.00, according to a research report submitted by the company on July 6, 2015. 17 analysts have given the stock of the company a rating of Buy whereas 7 have assigned a Hold rating and 1 has given it a rating of Sell.

In other news, according to the Insider Buying and selling information disclosed by the company to the Securities and Exchange Commission Marianne Lake, the Chief Financial Officer of the company on July 15, 2015 sold 32,468 shares. The total transaction was worth $2,242,564.76 and sold was an average price of $69.07. Ashley Bacon, another insider of the company, sold 32,882 shares at $69.07; the total transaction was worth $2,271,159.74. 

After giving the company a Strong Buy rating, the analysts at Vetr have downgraded the share rating to Buy according to the report it sent to its investors on Thursday. The price target estimate that Vetr has on the company’s stock is at $71.61.