Stock Trade-of-the-Week: JP Morgan Chase & Co. (JPM/PM)
Companies / Banking Stocks Sep 27, 2015 - 11:19 AM GMTCompany Profile: JPMorgan Chase & Co. provides various financial services worldwide. The company operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management.
Fundamental data:
Trailing P/E: 11.10
Forward P/E: 9.53
EPS: 5.54
Dividend Yield: 2.90%
Beta: 1.22
PEG: 1.40
P/S: 2.46
P/B: 1.03
Profit Margin: 25.05%
Operating Margin: 36.69%
ROA: 0.91%
ROE: 9.70%
Qtrly Earnings Growth: 5.20%
Additional fundamental data: http://finance.yahoo.com/q/ks?s=JPM
Technicals:
Recently broke out of a 6-month triangle consolidation
New 52-week High
New all-time high
Buying momentum (RSI) is positive and advancing
Buying volume is neutral
The stock has been outperforming the benchmark S&P 500 since July 2015
Support is at $26.60
The target is $30.50
Note: If JPM/PB moves past the target, we suggest using a 3% trailing stop.
By Donald W. Dony, FCSI, MFTA
www.technicalspeculator.com
COPYRIGHT © 2015 Donald W. Dony
Donald W. Dony, FCSI, MFTA has been in the investment profession for over 20 years, first as a stock broker in the mid 1980's and then as the principal of D. W. Dony and Associates Inc., a financial consulting firm to present. He is the editor and publisher of the Technical Speculator, a monthly international investment newsletter, which specializes in major world equity markets, currencies, bonds and interest rates as well as the precious metals markets.
Donald is also an instructor for the Canadian Securities Institute (CSI). He is often called upon to design technical analysis training programs and to provide teaching to industry professionals on technical analysis at many of Canada's leading brokerage firms. He is a respected specialist in the area of intermarket and cycle analysis and a frequent speaker at investment conferences.
Mr. Dony is a member of the Canadian Society of Technical Analysts (CSTA) and the International Federation of Technical Analysts (IFTA).
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