JPMorgan Chase Profits Top Estimates
Digest more
Shares of JPMorgan, up 20% this year, slipped 0.4% at 9:49 a.m. in New York. Some analysts had predicted the stock might stagnate, even after positive earnings news, because the company’s valuation was already at a high level.
JPMorgan Chase stock was down about 1% Tuesday but it has returned 20% YTD and 36% over the past 12 months. It’s still trading at just 14 times earnings and remains a great value and a stellar option for investors, with a median price target of $302.50 per share.
JPMorgan Chase, the largest bank in the United States, has decided to end the free access previously granted to financial technology companies—such as PayPal, Venmo,
JPMorgan Chase CEO Jamie Dimon noted that the U.S. economy remains resilient but warned of potential risks from tariffs, trade uncertainty, geopolitical conditions and fiscal deficits.
JPMorgan Chase CEO Jamie Dimon has maintained a cautious stance on the U.S. economy for several quarters now and said on Tuesday accurate forecasts are a challenge because key shifts are apparent only in hindsight.