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 up 0.1%. By the end of trading, JPMorgan Chase fell 47 cents (-1.4%) to $33.50 on light volume. Throughout the day, 28.5 million shares of JPMorgan Chase exchanged hands as compared to its average daily volume of 43 million shares. The stock ranged in price between $33.29-$34.13 after having opened the day at $34 as compared to the previous trading day's close of $33.97. Other company's within the Banking industry that declined today were:
(
), down 7.1%,
First Financial Service Corporation
(
), down 7.1%,
(
), down 6.9%, and
TheStreet Recommends
(
), down 6.9%.
JPMorgan Chase & Co., a financial holding company, provides various financial services worldwide. JPMorgan Chase has a market cap of $130.42 billion and is part of the
sector. The company has a P/E ratio of 7.6, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 3% year to date as of the close of trading on Thursday. Currently there are 18 analysts that rate JPMorgan Chase a buy, two analysts rate it a sell, and five rate it a hold.
TheStreet Ratings rates JPMorgan Chase as a
. The company's strengths can be seen in multiple areas, such as its growth in earnings per share and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.
- You can view the full JPMorgan Chase Ratings Report.
On the positive front,
(
), up 17.8%,
(
), up 16.3%,
(
), up 14.7%, and
(
), up 12.7%, were all gainers within the banking industry with
(
) being today's featured banking industry winner.
- 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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