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Analysts Review on: JPMorgan Chase & Co. (NYSE:JPM)

JPMorgan Chase & Co. (NYSE:JPM) after opening the company’s stock at the price of $84.07, its shares traded on -0.37% below secure line. The stock exchanged hands 23,341,120 shares versus average trading capacity of 15.24M shares. It has a market cap of $286.92B.

Wall Street analysts are predicting that JPMorgan Chase & Co. (NYSE:JPM) will report earnings per share of $1.65 in their quarterly report. The firm is expected to announce results on 7/13/17.

For the current quarter JPMorgan Chase & Co. (NYSE:JPM) has high EPS estimates of $1.73 in contradiction of low EPS estimates of $1.54. However a year ago for the same quarter the company has reported $1.55 EPS. Average estimation for the current quarter has been provided by 27 analysts.

Investors as well as the sell-side will be paying close attention to how the actual numbers compare with the estimates. Earnings surprises can have a huge impact on a company’s stock price. Several studies suggest that positive earnings surprises not only lead to an immediate hike in a stock’s price, but also to a gradual increase over time. Hence, it’s not surprising that some companies are known for routinely beating earning projections. A negative earnings surprise will usually result in a decline in share price.

A large surprise factor in either direction typically can lead to a significant swing in the stock price in the hours and days after the report. Previously JPMorgan Chase & Co. (NYSE:JPM) reported $1.65 earnings per share (EPS) for the quarter on 4/13/2017 Before Market Open, beating the consensus estimate of $1.51 by $0.14 with surprise factor of 9.27%.

JPMorgan Chase & Co. (NYSE:JPM) has average revenue estimates of $25.59B, compared to low analyst estimates of $24.73B and high estimates of $26.83B for the current quarter. A total number of 19 analysts provided estimations over revenues. For the next quarter the company has anticipated average revenues of $25.81B, according to the sentiments of 18 analysts.

Taking a broader look at the analyst consensus, most recently JPMorgan Chase & Co. (NYSE:JPM)’s price target was revised on 05/14/17 and according to 26 analysts stock’s price will reach at $94.10 during 52 weeks with standard deviation of 15.66. JPMorgan Chase & Co. (NYSE:JPM)’s  minimum price target estimates has been figured out at $80.00 while the maximum price target forecast is established at $106.00, if we look at the price target with an optimistic approach it has upside potential of 26% from its latest closing price of $83.96.

On the other hand JPMorgan Chase & Co. (NYSE:JPM) has Relative Strength Index (RSI 14) of 35.29 along with Average True Range (ATR 14) of 1.36, where the relative strength index (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine excess buying & selling conditions of an asset, it is one of the most popular technical indicators, computed on the basis of the speed and direction of a stock’s price movement. The RSI value will always move between 0 and 100; the value will be 0 if the stock falls on all 14 days, and 100, if the price moves up on all the days) as suggested by J Welles Wilder. In terms of market analysis and trading signals, RSI moving above the horizontal 30 reference level is viewed as a bullish indicator, while the RSI moving below the horizontal 70 reference level is seen to be a bearish indicator. The level of 50 represents neutral market momentum and corresponds with the center line in other oscillators such as MACD (Moving Average Convergence/Divergence). The average true range (ATR) is a measure of volatility introduced by Welles Wilder. Consequently JPMorgan Chase & Co. (NYSE:JPM)’s weekly and monthly volatility is 1.40% 1.29% respectively.

In terms of Buy, Sell or Hold recommendations, JPMorgan Chase & Co. (NYSE:JPM) has an average broker recommendation of 2.16. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell. There are currently 19 recommendations in total that have been tracked in order to arrive at this number, of those, 9 have given the shares a Strong Buy while 0 are recommending a Buy, 9 have given the stock a Hold rating, 0 a Sell and 1 a Strong Sell.

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