As the largest bank in the U.S., JPMorgan Chase has always been an attractive prospect for investors.
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The bank’s stock (JPM) consistently outperforms all its competitors when it comes to the market. Apart from a competitive performance, another thing that makes JPMorgan Chase stand apart from other banks is the “fortress balance sheet,” which is a phrase the bank’s CEO uses to describe its focus on capital strength.
With that in mind, the question remains — is Chase stock still a good buy? Should you invest in the stock, considering the looming fear of more inflation in the coming year along with political volatility? Here’s a snapshot of the stock’s current performance and history to help you decide whether it’s a strong investment choice.
The JPMorgan Chase stock (JPM) has the consensus of buy from many top analyst recommendations on Wall Street. However, if you are considering investing you should note that the long-term average holds a general sell signal which could lean toward a more negative forecast for the stock.
Here are a few key takeaways:
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Stock price: $239.72
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52-week high: $280.25
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52-week low: $179.20
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Market cap: $679.03 billion
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Dividend yield: 2.35%
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JPM earnings (revenue): $239.32 billion
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Net income: $49.26 billion
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As a large and diversified financial institution, JPMorgan Chase has been performing pretty well recently with the stock trading near all-time highs. However, to put it simply, the stock isn’t cheap, which could mean you’d be paying too much for it even though it can be a good company to invest in.
The bottom line is that there’s no reason to doubt the potential of the Chase Stock, but there may be few reasons to hesitate before you buy. JPMorgan Chase is set to enter the new year with hopes for even higher profits than last year.
Part of this financial success can be attributed to the bank’s diverse revenue streams. JPMorgan Chase earns its revenue through four sources: commercial banking, corporate and investment banking, consumer and community banking, and wealth and asset management. The consumer banking sector brings in most of the bank’s revenue, whereas investment banking comes second.
Additionally, JPMorgan Chase has a solid balance sheet, which will likely become even more impressive once the company starts investing in technology infrastructure to improve performance and efficiency. All in all, the Chase stock has a consensus rating of buy, but the long-term average may suggest investors to stay on the sidelines.
