Buy JP Morgan Chase & Co
What is JPM?
JPMorgan Chase & Co. is one of the world's oldest and largest financial institutions.
With roughly $350 billion in market value as of December 2020, this financial holding company is viewed as a proxy for banking and financial services as well as the global economic picture more generally. The company has more than $3 trillion in total assets on its books, making it the world’s seventh-largest bank in terms of assets held. JPMorgan operates in four segments: Consumer & Community Banking; Corporate & Investment Bank; Commercial Banking; and Asset Management.
Earnings growth is a key characteristic. Prior to the pandemic roiled the economy, JPMorgan’s earnings per share had enjoyed double-digit gains for the previous eight quarters when EPS ranged between 18% and 23% growth. The first quarter of 2020 saw steep losses. However, the bank has seen a surge in trading revenue which has offset those losses, and which led to, in the third quarter of 2020, an earnings increase of 9%.
What is the price of JPM?
At roughly $120 per share (as of December 2020), JPM is down 12% since the start of the year. Many analysts are bearish because of the outlook for rates to remain low for the next two to three years. As always, short-term volatility is possible. Some two dozen analysts have issued guidance on the price of JPM with the median forecast showing a return of 2% in the next 12 months, according to CNN Money.
How to buy JPM
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This article is for informational purposes only and takes no account of particular personal or market circumstances, and should not be relied upon as investment, tax, or legal advice. For investment, tax, or legal advice, and before taking any action you should consult your own advisors. Note that assets such as equities present unique risks for investors.
This content is correct as of December 2020
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