JPMorgan Chase & Co (JPM): Today's Featured Banking Loser
(
) pushed the Banking industry lower today making it today's featured Banking loser. The industry as a whole closed the day down 2.1%. By the end of trading, JPMorgan Chase fell $1.03 (-3.5%) to $28.38 on average volume. Throughout the day, 44.3 million shares of JPMorgan Chase exchanged hands as compared to its average daily volume of 46.1 million shares. The stock ranged in price between $28.33-$29.15 after having opened the day at $29.06 as compared to the previous trading day's close of $29.41. Other company's within the Banking industry that declined today were:
(
), down 27.5%,
(
), down 23.8%,
(
), down 12.6%, and
(
), down 12.6%.
JPMorgan Chase & Co., a financial holding company, provides various financial services worldwide. JPMorgan Chase has a market cap of $113.65 billion and is part of the
sector. The company has a P/E ratio of 6.4, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 30.7% year to date as of the close of trading on Tuesday.
TheStreet Ratings rates JPMorgan Chase as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally poor debt management and a generally disappointing performance in the stock itself.
- You can view the full JPMorgan Chase Ratings Report.
- Use our banking section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the banking industry could consider
(
) while those bearish on the banking industry could consider
ProShares Short KBW Regional Bankng
(
).
- Find other investment ideas from our top rated ETFs lists.
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