) 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.
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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
- Find other investment ideas from our top rated ETFs lists.