Trade-Ideas: JPMorgan Chase (JPM) Is Today's Pre-Market Leader Stock

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified JPMorgan Chase ( JPM) 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 $1.1 billion.
  • JPM traded 381,927 shares today in the pre-market hours as of 7:34 AM.
  • JPM is up 2.6% today from Friday's close.

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More details on JPM:

JPMorgan Chase & Co., a financial holding company, provides various financial services worldwide. The stock currently has a dividend yield of 3%. JPM has a PE ratio of 8.4. Currently there are 18 analysts that rate JPMorgan Chase a buy, 1 analyst rates it a sell, and 4 rate it a hold.

The average volume for JPMorgan Chase has been 18.1 million shares per day over the past 30 days. JPMorgan Chase has a market cap of $189.4 billion and is part of the financial sector and banking industry. The stock has a beta of 2.01 and a short float of 1.3% with 2.28 days to cover. Shares are up 14.4% year to date as of the close of trading on Friday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates JPMorgan Chase as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, compelling growth in net income, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

Highlights from the ratings report include:
  • Since the same quarter one year prior, revenues rose by 10.0%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • Net operating cash flow has significantly increased by 63.20% to $68,520.00 million when compared to the same quarter last year.
  • The net income increased by 31.0% when compared to the same quarter one year prior, rising from $4,960.00 million to $6,496.00 million.
  • The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization.
  • Compared to where it was trading one year ago, JPM is up 27.11% to its most recent closing price of 51.94. Looking ahead, although the push and pull of a bull or bear market could certainly alter the outcome, our view is that this stock's positive fundamentals give it good potential for further appreciation.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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