JPMorgan Chase (JPM): Today's Pre-Market Leader Stock
Trade-Ideas LLC identified
(
) as a pre-market leader candidate. In addition to specific proprietary factors, Trade-Ideas identified JPMorgan Chase as such a stock due to the following factors:
- JPM has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $929.0 million.
- JPM traded 42,317 shares today in the pre-market hours as of 8:34 AM.
- JPM is up 2% today from yesterday's close.
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More details on JPM:
JPMorgan Chase & Co. provides various financial services worldwide. The company operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset Management. The stock currently has a dividend yield of 2.7%. JPM has a PE ratio of 11. Currently there are 13 analysts that rate JPMorgan Chase a buy, no analysts rate it a sell, and 4 rate it a hold.
The average volume for JPMorgan Chase has been 16.7 million shares per day over the past 30 days. JPMorgan Chase has a market cap of $243.3 billion and is part of the financial sector and banking industry. The stock has a beta of 1.17 and a short float of 1% with 2.76 days to cover. Shares are up 5.2% year-to-date as of the close of trading on Wednesday.
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Analysis:
rates JPMorgan Chase as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, expanding profit margins and attractive valuation levels. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.
Highlights from the ratings report include:
- The stock has risen over the past year as investors have generally rewarded the company for its earnings growth and other positive factors like the ones we have cited in this report. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
- JPMORGAN CHASE & CO has improved earnings per share by 23.5% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, JPMORGAN CHASE & CO increased its bottom line by earning $5.29 versus $4.32 in the prior year. This year, the market expects an improvement in earnings ($5.98 versus $5.29).
- The company, on the basis of net income growth from the same quarter one year ago, has significantly outperformed against the S&P 500 and exceeded that of the Commercial Banks industry average. The net income increased by 22.1% when compared to the same quarter one year prior, going from $5,572.00 million to $6,804.00 million.
- The gross profit margin for JPMORGAN CHASE & CO is currently very high, coming in at 89.85%. Regardless of JPM's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, JPM's net profit margin of 27.66% compares favorably to the industry average.
- You can view the full JPMorgan Chase Ratings Report.
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