J P Morgan Chase & Co (JPM) : Traders are bullish on J P Morgan Chase & Co (JPM) as it has outperformed the S&P 500 by a wide margin of 2.45% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.86%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.83% in the last 1 week, and is up 2.84% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
JPMorgan Chase & Co. is up 4.51% in the last 3-month period. Year-to-Date the stock performance stands at 1.94%. The stock has recorded a 20-day Moving Average of 1.42% and the 50-Day Moving Average is 4.23%.
J P Morgan Chase & Co (NYSE:JPM): The stock opened at $65.72 on Friday but the bulls could not build on the opening and the stock topped out at $65.91 for the day. The stock traded down to $65.22 during the day, due to lack of any buying support eventually closed down at $65.86 with a loss of -0.14% for the day. The stock had closed at $65.95 on the previous day. The total traded volume was 9,084,877 shares.
Also, Brokerage firm Bernstein downgrades its rating on J P Morgan Chase & Co (NYSE:JPM). The shares have been rated Market Perform. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on August 16, 2016.
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.