Episode Transcript
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Speaker 1 (00:00):
Today, the stock price for JP Morgan Chase stands at
two hundred ninety eight United States dollars and twenty two cents,
which is close to its one year high of two
hundred ninety nine United States dollars and fifty nine cents,
and well above its one year low of one hundred
ninety United States dollars and ninety cents. The day's trading
(00:20):
volume has already reached over twelve million shares, notably higher
than its recent average of about nine and a half
million shares, suggesting heightened investor interest and activity. Recent insider
activity is worth noting with significant sales by high ranking
executives in early May, Director Linda Bammon sold nine thousand,
five hundred shares at an average of two hundred fifty
(00:42):
United States dollars per share, while chief financial officer Jeremy
Barnum sold forty thousand, fourteen shares at a similar price point,
both sharply reducing their holdings. However, corporate insiders still hold
less than one half percent of total shares outstanding, so
these moves may not signal a broad shift in sentiment.
JP Morgan Chase just reported its quarterly earnings on July fifteenth,
(01:06):
delivering strong results. Earnings per share came in at four
United States dollars in ninety six cents, beating consensus estimates
by forty eight cents, while revenue of forty four billion,
nine hundred ten million United States dollars also surprised to
the upside. The quarter's met margin was slightly above twenty percent,
with an impressive return on equity of nearly seventeen percent. However,
(01:28):
total revenue was down roughly ten percent compared to the
same quarter last year, hinting at some deceleration even a
mid robust profitability. Analyst sentiment remains positive, highlighted by Keith,
Burriette and Woods raising its price target from three hundred
and twenty seven to three hundred thirty United States dollars
after the recent earnings beat, describing JP Morgan's unique blend
(01:50):
of scale, stability, and regulatory tail winds as key strengths.
The current average analyst target is just over three hundred
one United States dollars, reflecting mild but continued optimism for
further gains. The dividend remains strong at five United States
dollars and sixty cents per year, offering a yield of
about one point nine percent. Overall, j P. Morgan Chase
(02:11):
appears to be at a pivotal moment, delivering strong and
profitable quarters, maintaining analyst support, and drawing substantial trading activity.
Investors seemed to be weighing recent executive insider sales against
robust earnings performance and a healthy dividend, all while the
stock presses against new highs in a market that continues
to reward financial sector momentum