Stock Performance
JPM stock has outperformed both the S&P 500 and the Financial Sector SPDR year-to-date, rising 18.9%. However, shares dropped 4% on May 20 after CEO Jamie Dimon announced limited stock repurchases at current prices. The stock also fell 6% following Q1 results, despite beating revenue and EPS estimates, due to lower-than-expected net interest income and full-year forecasts.
Analyst Outlook
Analysts maintain a "Strong Buy" rating on JPM, with 17 out of 24 analysts recommending a "Strong Buy." The average price target of $205.25 suggests modest upside potential.
JPMorgan Stock Price – Technical Analysis
JPMorgan has had an impressive run since October, rallying 57% and hitting a new record high in trading on 3 July.The price recently surpassed its May record high of $207.55, and has recorded higher highs and higher lows over the year so far. It remains above the 50-day simple moving average (SMA), while the 50-, 100- and 200-day SMAs are all pointing higher. The short-term view remains bullish, while the price holds above the June low at $190.50.
