Large Inflow of Money Detected in J P Morgan Chase & Co

J P Morgan Chase & Co (JPM) : Wednesdays money flow data in J P Morgan Chase & Co (JPM) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $19.66 million, whereas, $14.79 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.33, in favor of the bulls. The total money flow into the stock was $4.86 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $5.84 million. The total value of block trades done on upticks was $9.98 million. The value of bearish trades on downticks was only $4.15 million.The up/down ratio in the block trades was a healthy 2.41 in favor of the bulls, suggesting strong buying in the stock by large traders. J P Morgan Chase & Co (JPM) fell $0.1 and traded at $63.76, down -0.16% for the day, over previous days close. On a weekly basis, the shares are -0.65% over the previous weeks close.


Also, Keefe Bruyette & Woods maintains their rating on the shares of J P Morgan Chase & Co (NYSE:JPM). The current rating of the shares is Outperform. Equity Analysts at the Firm raises the price target to $73 per share from $71 per share. The rating by the firm was issued on July 15, 2016.

J P Morgan Chase & Co (NYSE:JPM): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $64.11 and $63.71 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $64.23. The buying momentum continued till the end and the stock did not give up its gains. It closed at $63.93, notching a gain of 0.11% for the day. The total traded volume was 10,411,068 . The stock had closed at $63.86 on the previous day.

The stock has recorded a 20-day Moving Average of 3.6% and the 50-Day Moving Average is 2.27%. In a related news, The officer (Managing Director), of Jpmorgan Chase & Co, Pinto Daniel E had unloaded 28,837 shares at $62.38 per share in a transaction on April 14, 2016. The total value of transaction was $1,798,852. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

JPMorgan Chase & Co. is a financial holding company. The Company is engaged in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. JPMorgan Chases activities are organized into four business segments. The Companys Consumer & Community Banking segment serves consumers and businesses through personal service at bank branches and through ATMs, online, mobile and telephone banking. The Corporate & Investment Bank, comprising Banking and Markets & Investor Services, offers investment banking, market-making, prime brokerage, and treasury and securities products and services. The Commercial Banking (CB) segment delivers industry knowledge, local expertise and service to the United States and the United States multinational clients. The Asset Management segment comprises investment and wealth management. The Company also operates a Corporate segment.

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