Why JP Morgan Chase Stock Is Down Today
JPMorgan Chase (NYSE: JPM) reported decent quarterly results but hinted that investors who are waiting for the operating environment to improve need to continue to be patient.
Investors largely shrugged at the news, sending JP Morgan shares down as much as 3% on the day and down 1% as of 1:30 p.m. EDT.
JPMorgan is among the largest U.S. banks and there are few companies that investors follow more closely to gauge the overall health of the economy. The bank earned $4.40 per share in the second quarter on revenue of $51 billion, topping Wall Street expectations for $4.28 per share in earnings on sales of $50.2 billion.
Source Fool.com
JPMorgan Chase & Co. Aktie
194,82 €
-0,29 %
Überwältigendes Buy-Interesse für JPMorgan Chase & Co.: 34 Buy-Einschätzungen ohne eine einzige Sell-Einschätzung.
Ein leicht positives Potenzial wird für JPMorgan Chase & Co. mit einem Kursziel von 202 € im Vergleich zu 194.82 € gesehen.
