Episode Transcript
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Speaker 1 (00:00):
As of market opening on Tuesday, all Prober fourteenth, twenty
twenty five, JP Morgan Chase stock trades just above three
hundred eight United States dollars per share, reflecting a notable
rebound from a recent load just above three hundred United
States dollars earlier in October. The trading volume for the
prior session was approximately ten million shares, which is slightly
(00:21):
above the average daily volume, indicating heightened investor interest as
the company approaches its third quarter earnings release today. JP
morgan Chase's stock price action has been dynamic lately. After
setting an all time high just above three hundred eighteen
United States dollars in late September, the shares underwent a
retreat exceeding five percent, driven in part by renewed trade
(00:43):
tensions between the United States and China. However, the stock
found support near the fifty day moving average around three
hundred three eighty United States dollars and staged a bullish reversal,
with momentum indicators suggesting the broader uptrend remains intact. Technical
analysts highlight that a sustained hold above two hundred now
ninety four to thirty United States dollars is essential to
maintain the bullish bias, with medium term resistance levels now
(01:06):
pegged between three hundred twenty eight and three hundred sixty
United States dollars. From a fundamental perspective, JP Morgan Chase
continues to benefit from robust investment banking activity. The bank
leads in equity capital markets and investment banking fees, with
year to date United States mergers and acquisitions volume up
twenty four percent, a favorable environment for JP Morgan's bottom line.
(01:29):
Analysts expect third quarter earnings per share to rise to
four dollars and eighty five cents, up from four dollars
and thirty seven cents in the same quarter last year,
with consensus estimates climbing steadily over the past several months.
There have also been noteworthy analyst updates. Die Walk Capital
Markets raised its price target to three hundred thirty two
United States dollars, maintaining and outperform rating. Other major firms,
(01:52):
including T D Collen and Wells Fargo, have also raised
their price objectives, with targets moving into the three hundred
forty to three hundred seventy United States dollar range. The
consensus among analysts remains a whole grating with an average
price target of three hundred sixteen United States dollars. The
company's valuation metrics remain attractive compared to the banking sector,
(02:13):
with a price to earnings ratio around fifteen point eight,
below the industry average of twenty point four. In terms
of recent company news, JP morgan Chase announced a significant
ten billion United States dollar strategic investment plan aimed the
bolstering national security, a move that underscores its commitment to
long term growth and stability. The broader Wall Street environment
(02:35):
is also supportive, with a resurgence and deal making activity
expected to benefit the bank's advisory in capital markets businesses.
Looking ahead, investors appear cautiously optimistic as earnings approach, balancing
technical resilience, favorable analyst sentiment, and the bank's continued leadership
in financial services. The results today will likely set the
(02:56):
tone for JP morgan Chase shares as the final quarter
of the year gets under way.