What’s Propelling JP Morgan Chase & CO (NYSE:JPM) After Lower Shorts Reported?

JPMorgan Chase & Co. (NYSE:JPM) Logo

Investors sentiment increased to 1.14 in 2019 Q2. Its up 0.04, from 1.1 in 2019Q1. It is positive, as 46 investors sold JPMorgan Chase & Co. shares while 669 reduced holdings. 137 funds opened positions while 678 raised stakes. 2.21 billion shares or 4.87% less from 2.32 billion shares in 2019Q1 were reported.
Michael Susan Dell Foundation has 5.07% invested in JPMorgan Chase & Co. (NYSE:JPM) for 51,109 shares. Polaris Mngmt Limited Liability holds 2.1% or 445,429 shares. Moreover, Dnb Asset Mgmt As has 0% invested in JPMorgan Chase & Co. (NYSE:JPM). The United Kingdom-based Bp Public Limited Com has invested 1.38% in JPMorgan Chase & Co. (NYSE:JPM). Fairfield Bush & Company holds 3.85% or 100,981 shares in its portfolio. Robeco Institutional Asset Mgmt Bv reported 1.17M shares. Mraz Amerine Inc owns 1,937 shares. American Commercial Bank has invested 1.78% in JPMorgan Chase & Co. (NYSE:JPM). Tortoise Invest Limited Liability has 0.15% invested in JPMorgan Chase & Co. (NYSE:JPM). Country Club Na holds 0.32% or 24,919 shares in its portfolio. Barnett And Co reported 1,764 shares. Jane Street Group Inc Ltd Company holds 823,573 shares or 0.16% of its portfolio. Susquehanna Group Ltd Liability Partnership owns 0.01% invested in JPMorgan Chase & Co. (NYSE:JPM) for 117,855 shares. Guyasuta Invest Advsr Incorporated stated it has 0.43% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM). Chicago Equity Ptnrs Ltd Liability Co holds 0.49% or 98,151 shares.

Since April 16, 2019, it had 3 insider purchases, and 0 sales for $4.19 million activity.

The stock of JP Morgan Chase & CO (NYSE:JPM) registered a decrease of 1.6% in short interest. JPM’s total short interest was 22.49 million shares in September as published by FINRA. Its down 1.6% from 22.85M shares, reported previously. With 11.28 million shares average volume, it will take short sellers 2 days to cover their JPM’s short positions. The short interest to JP Morgan Chase & CO’s float is 0.69%.

The stock increased 1.97% or $2.32 during the last trading session, reaching $120.23. About 15.28 million shares traded or 31.44% up from the average. JPMorgan Chase & Co. (NYSE:JPM) has declined 0.63% since September 13, 2018 and is downtrending. It has underperformed by 0.63% the S&P500.

JPMorgan Chase & Co. operates as a financial services firm worldwide. The company has market cap of $384.43 billion. It operates through Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management divisions. It has a 12.29 P/E ratio. The Consumer & Community Banking segment offers deposit and investment services and products to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment services, payment processing services, auto loans and leases, and student loans.

JPMorgan Chase & Co. (NYSE:JPM) Ratings Coverage

Among 3 analysts covering J P Morgan Chase & (NYSE:JPM), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. J P Morgan Chase & has $132 highest and $118 lowest target. $126.67’s average target is 5.36% above currents $120.23 stock price. J P Morgan Chase & had 8 analyst reports since March 18, 2019 according to SRatingsIntel. The rating was maintained by Credit Suisse on Monday, April 15 with “Outperform”. On Monday, April 15 the stock rating was maintained by BMO Capital Markets with “Market Perform”. Morgan Stanley maintained the stock with “Overweight” rating in Monday, April 15 report.

More notable recent JPMorgan Chase & Co. (NYSE:JPM) news were published by: Benzinga.com which released: “CVS, Shake Shack And More ‘Fast Money Halftime Report’ Picks From September 12 – Benzinga” on September 12, 2019, also Bizjournals.com with their article: “Multinational bank taps local veteran to lead advance into Triad – Triad Business Journal” published on August 20, 2019, Fool.com published: “Where Will JPMorgan Chase Be in 5 Years? – The Motley Fool” on August 27, 2019. More interesting news about JPMorgan Chase & Co. (NYSE:JPM) were released by: Fool.com and their article: “Better Buy: Bank of America vs. JPMorgan Chase – The Motley Fool” published on August 23, 2019 as well as Finance.Yahoo.com‘s news article titled: “Why JPMorgan Chase & Co. (NYSE:JPM) Is A Dividend Rockstar – Yahoo Finance” with publication date: August 31, 2019.

JPMorgan Chase & Co. (NYSE:JPM) Institutional Positions Chart

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