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. Stock
€192.86
0.200%
With 34 Buy predictions and not a single Sell prediction JPMorgan Chase & Co. is an absolute favorite of our community.
As a result the target price of 202 € shows a slightly positive potential of 4.74% compared to the current price of 192.86 € for JPMorgan Chase & Co..
