Today JPMorgan Chase (JPM) Hits New Lifetime High

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.

Trade-Ideas LLC identified JPMorgan Chase ( JPM) as a new lifetime high 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 $1.0 billion.
  • JPM has traded 253,318 shares today.
  • JPM is trading at a new lifetime high.

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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 2.6%. JPM has a PE ratio of 12. Currently there are 14 analysts that rate JPMorgan Chase a buy, no analysts rate it a sell, and 5 rate it a hold.

The average volume for JPMorgan Chase has been 14.5 million shares per day over the past 30 days. JPMorgan Chase has a market cap of $252.9 billion and is part of the financial sector and banking industry. The stock has a beta of 1.35 and a short float of 1% with 2.51 days to cover. Shares are up 8.9% year-to-date as of the close of trading on Thursday.

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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, solid stock price performance, growth in earnings per share, increase in net income and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

Highlights from the ratings report include:
  • JPM's revenue growth has slightly outpaced the industry average of 0.1%. Since the same quarter one year prior, revenues slightly increased by 3.3%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • The stock has not only risen over the past year, it has done so at a faster pace than the S&P 500, reflecting the earnings growth and other positive factors similar to those we have cited here. 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 13.3% 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 year. 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 ($5.85 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 12.1% when compared to the same quarter one year prior, going from $5,274.00 million to $5,914.00 million.
  • Net operating cash flow has slightly increased to $14,879.00 million or 1.44% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of -37.14%.

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