JPMorgan Chase & Co

JPMorgan Chase & Co (NYSE: JPM) is a financial institution with over USD 3.1 trillion in assets based in the United States. Its four key categories are consumer and community banking, corporate and investment banking, commercial banking, and asset and wealth management.

Key Highlights:

• The reported net revenue of the company was USD 29.26 billion in Q4FY21 against USD 29.34 billion in Q4FY20.
• The company’s net income fell 14.31% to USD 10.40 billion in Q4FY21 from USD 12.14 billion in Q4FY20 due to higher non-interest expenses.
• The company's net interest margin in Q4FY21 was 1.63%, which is lower than the industry median of 2.99%.
• The company's credit losses were USD 1.29 billion in Q4FY21 from USD 1.89 billion in Q4FY20.
• The company’s closing market price was USD 148.70, trailing below 50 and 200 DMA, indicating a further correction and death crossover.
• JPM’ s share price has declined by 11.39% and 11.64% in the past one and three months, respectively.

Stock Recommendation

Givent the slight decline in  net revenue, decrease in  net income, decline in net margin, we suggest investors should keep an eye on the stock and its financials for the near term before adding to their portfolio. Hence, we recommend a "Watch" rating on the stock at the closing market price of USD 153.18 as of February 04, 2022, 03:43 PM ET.

1-Year Technical Price Chart (as of February 04, 2022, at 03:43 PM ET).Source: REFINITIV, Analysis by Kalkine Group 

*The reference data in this report has been partly sourced from REFINITIV.