Why JPMorgan Chase & Co’s (JPM) Stock Is Down 4.50% (2024)

Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate JPMorgan Chase & Co before investing.

In this article, we go over a few key elements for understanding JPMorgan Chase & Co’s stock price such as:

Before we jump into JPMorgan Chase & Co’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

JPMorgan Chase & Co. is a financial holding company. It has four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). CCB segment offers products and services to consumers and small businesses through bank branches, ATMs, digital (including mobile and online) and telephone banking. CIB segment consists of banking and markets and securities services, and offers a suite of investment banking, market-making, prime brokerage, lending, and treasury and securities products and services to a global client base of corporations, investors, financial institutions, merchants, government and municipal entities. CB segment provides financial solutions, including lending, payments, investment banking and asset management products across three primary client segments: Middle Market Banking, Corporate Client Banking and Commercial Real Estate Banking. AWM segment offers investment and wealth management solutions.

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As of May 20, 2024, 4:00 PM, CST, JPMorgan Chase & Co’s stock price was $195.58.

JPMorgan Chase & Co is down 4.5% from its previous closing price of $204.79.

During the last market session, JPMorgan Chase & Co’s stock traded between $202.81 and $205.05. Currently, there are 2,908.30 million shares of JPMorgan Chase & Co stock available for purchase.

JPMorgan Chase & Co’s price-earnings (P/E) ratio is currently at 12.4, which is high compared to the Banks industry median of 10.5. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

JPMorgan Chase & Co’s (JPM) price is currently up 2% so far this month.

During the month of May, JPMorgan Chase & Co’s stock price has reached a high of $205.88 and a low of $188.46.

Over the last year, JPMorgan Chase & Co has hit prices as high as $205.05 and as low as $134.40. Year to date, JPMorgan Chase & Co’s stock is up 45.85%.

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Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of May 17, 2024, there were 2 analysts who downgraded JPMorgan Chase & Co’s stock and 3 analysts who upgraded over the last month.

Additionally, you'll want to evaluate JPMorgan Chase & Co’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on JPMorgan Chase & Co’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

JPMorgan Chase & Co’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about JPMorgan Chase & Co (JPM) by visiting AAII Stock Evaluator.

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of May 17, 2024, JPMorgan Chase & Co has a weighted four-quarter relative price strength of 4.48%, which translates to a Momentum Score of 78 and is considered to be Strong.

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As of May 20, 2024, JPMorgan Chase & Co’s stock price is $195.58, which is down 4.5% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like JPMorgan Chase & Co stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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