JPMorgan (JPM, $98.08) beats Q2 earnings expectations
JPMorgan Chase & Co.'s second quarter earnings came in higher than expected by analysts. However, the financial behemoth announced that it would suspend its share buyback program through to at least the end of September.
JPMorgan’s net income for the three months ending in June was $4.7 billion, or $1.38 per share, beating the Street estimate of $1.04 per share. However, the figure is -51% lower from the year-ago quarter.
Revenue in the quarter increased +11.5% year-over-year to $33 billion, exceeding analysts' estimates of $30.3 billion.
Amid COVID-19 pandemic, JP Morgan’s loan loss provisions for the second quarter was $10.5 billion, which is +$9.3 billion higher from last year.
The bank said it will continue to pay its quarterly dividend of 90 cents per share.
According to Tickeron, JPM's in Uptrend: Moving Average Convergence Divergence (MACD) Histogram just turned positive
This is a Bullish indicator signaling JPM's price could rise. Traders may explore going long on the ticker or buying call options. In 29 of 47 cases where JPM's MACD histogram became positive, the price rose further within the following month. The odds of a continued Uptrend are 62%.
Current price $98.08 crossed the resistance line at $96.32 and is trading between $98.75 resistance and $96.32 resistance lines. Throughout the month of 06/10/20 - 07/13/20, the price experienced a -7% Downtrend, while the week of 07/06/20 - 07/13/20 shows a +3% Uptrend.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Indicator suggests the ticker price trend may be in a reversal from a Downtrend to an Uptrend. 27 of 48 cases where JPM's Stochastic Indicator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued Uptrend are 56%.
The Momentum Indicator exceeded the 0 level on July 13, 2020. Traders may consider buying the ticker or exploring call options. In 46 of 83 cases where the ticker's Momentum Indicator exceeded 0, its price rose further within the subsequent month. The odds of a continued Uptrend are 55%.
The price moved above its 50-day Moving Average, which indicates a change from a Downtrend to an Uptrend. In 24 of 42 similar backtested cases where JPM's price crossed above its 50-day Moving Average, its price rose further within the subsequent month. The odds of a continued Uptrend are 57%.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where JPM advanced for three days, in 155 of 316 cases, the price rose further within the following month. The odds of a continued Uptrend are 49%.
Bearish Trend Analysis
The 10-day Moving Average for this ticker crossed below its 50-day Moving Average on July 01, 2020. This can be construed as a sell signal, indicating that the trend is shifting lower. In 7 of 13 cases where JPM's 10-day Moving Average crossed below its 50-day Moving Average, its price fell further within the subsequent month. The odds of a continued Downtrend are 54%.
The Aroon Indicator entered a Downtrend today. In 70 of 147 cases where JPM Aroon's Indicator entered a Downtrend, the price fell further within the following month. The odds of a continued Downtrend are 48%.
Fundamental Analysis (Ratings)
Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 58%. During the last month, the daily ratio of advancing to declining volumes was 1.29 to 1.
The Tickeron Profit vs. Risk Rating rating for this company is 44 (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 92, placing this stock slightly better than average.
The Tickeron PE Growth Rating for this company is 50 (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is 56 (best 1 - 100 worst), indicating steady price growth. JPM’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of 73 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: JPM's P/B Ratio (1.36) is slightly higher than the industry average of (0.89). P/E Ratio (11.03) is within average values for comparable stocks, (9.01). Projected Growth (PEG Ratio) (0.68) is also within normal values, averaging (7.01). Dividend Yield (2.44) settles around the average of (2.78) among similar stocks. P/S Ratio (2.03) is also within normal values, averaging (1.52).
The Tickeron SMR rating for this company is 93 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
JPM's Stochastic Oscillator sits in oversold zone for 6 days
The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an uptrend is expected.
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator shows that the ticker has stayed in the oversold zone for 4 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an Uptrend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where JPM advanced for three days, in of 348 cases, the price rose further within the following month. The odds of a continued upward trend are .
JPM may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 287 cases where JPM Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on February 20, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on JPM as a result. In of 89 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for JPM turned negative on February 19, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 47 similar instances when the indicator turned negative. In of the 47 cases the stock turned lower in the days that followed. This puts the odds of success at .
JPM moved below its 50-day moving average on March 04, 2025 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for JPM crossed bearishly below the 50-day moving average on March 06, 2025. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where JPM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 43, placing this stock better than average.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. JPM’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: JPM's P/B Ratio (1.907) is slightly higher than the industry average of (0.958). P/E Ratio (12.258) is within average values for comparable stocks, (8.937). Projected Growth (PEG Ratio) (3.448) is also within normal values, averaging (2.643). JPM has a moderately low Dividend Yield (0.021) as compared to the industry average of (0.053). P/S Ratio (3.779) is also within normal values, averaging (2.460).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
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