JPM Intrinsic Stock Value – JPMorgan Chase Continues to Soar with Bullish Technical Momentum
November 23, 2023
🌥️Trending News
JPMORGAN ($NYSE:JPM): JPMorgan Chase, one of the leading global financial services firms, is exhibiting a bloom of bullish technical momentum. Since then, however, JPMorgan Chase has made considerable progress and has been able to leverage its strong balance sheet and robust financial services to great effect. This has enabled the company to capitalize on opportunities in the market while minimizing its downside risks. JPMorgan Chase’s share price is currently trading at a record high, indicating a very positive outlook for the company going forward.
The firm’s earnings have been consistently strong over the past few quarters, and analysts expect the company’s profits to continue to grow in the future. With such strong technical momentum and a bright future on the horizon, JPMorgan Chase looks set to remain one of the world’s premier financial services firms for many years to come.
Stock Price
On Wednesday, JPMorgan Chase & Co. (JPM) continued to show bullish technical momentum, opening at $153.4 and closing at $153.3, a 0.2% increase from its last closing price of $153.0. Analysts are optimistic about the stock’s potential for continued growth going forward, citing the company’s strong fundamentals as well as its recent acquisitions and strategic investments. Despite the current market volatility, JPMorgan Chase & Co. remains well-positioned to take advantage of growth opportunities in the financial services sector. Analysts have given the stock a “buy” rating, citing its strong balance sheet and solid fundamentals as reasons for their bullish outlook.
With its bullish technical momentum and strong fundamentals, JPMorgan Chase & Co. is expected to continue to outperform in the near future. Investors should keep an eye on the stock to capitalize on its potential for further gains. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for JPM. More…
| Total Revenues | Net Income | Net Margin |
| – | 49.49k | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for JPM. More…
| Operations | Investing | Financing |
| 107.12k | -137.82k | -126.26k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for JPM. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.9M | 3.58M | – |
Key Ratios Snapshot
Some of the financial key ratios for JPM are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.6% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – JPM Intrinsic Stock Value
At GoodWhale, we’re committed to helping you analyze the wellbeing of companies like JPMORGAN CHASE & Co. Using our proprietary Valuation Line, we calculated the intrinsic value of JPMORGAN CHASE & Co.’s stock to be around $170.2. Currently, JPMORGAN CHASE & Co.’s stock is trading at $153.3, which indicates that the stock is undervalued by 9.9%. As such, we believe this is a great opportunity for investors to acquire the stock at a fair price. More…
Peers
In the banking industry, JPMorgan Chase & Co and its competitors Wells Fargo & Co, PNC Financial Services Group Inc, Banco BPM SpA compete for customers and market share. Each company offers a different suite of products and services, and each has its own strengths and weaknesses. JPMorgan Chase & Co has been able to maintain its position as one of the largest banks in the world by offering a wide range of products and services, as well as by providing customers with a high level of customer service.
– Wells Fargo & Co ($NYSE:WFC)
Wells Fargo & Co is an American multinational banking and financial services holding company headquartered in San Francisco, California. It is the world’s fourth-largest bank by market capitalization and the third largest in the United States. Wells Fargo & Co. provides banking, insurance, investments, mortgage, and consumer and commercial finance services through more than 8,700 locations, 13,000 ATMs, online (wellsfargo.com), and mobile banking, and has offices in 36 countries.
– PNC Financial Services Group Inc ($NYSE:PNC)
PNC Financial Services Group Inc is a large financial services company with a market cap of $65.38 billion as of 2022. The company provides a wide range of financial services, including banking, lending, investing, and asset management. PNC has a large customer base and a strong presence in the United States.
– Banco BPM SpA ($LTS:0RLA)
Banco BPM SpA is an Italian bank created through the merger of Banco Popolare and Banca Popolare di Milano in January 2017. The bank is the third largest in Italy with over 1,000 branches and 5 million customers. The bank offers a wide range of banking products and services including savings accounts, mortgages, loans, and investment products.
Summary
JPMorgan Chase has been seeing positive technical momentum in recent trading sessions. The stock has been climbing steadily since late-April and is now threatening to break out of a long-term range.
However, the moving average convergence divergence (MACD) has formed a bullish crossover and is edging higher, suggesting that the uptrend could continue. Moreover, the recent rally has been backed by strong volume and on-balance volume. Investors should consider these technical factors when assessing the stock’s outlook.
