JPMorgan Chase & Co. (NYSE:JPM) [Trend Analysis] has kept up with the changing appetite, stock increased around 3.86% in early session as it gain volume of 24.01 Million shares. A federal judge in New York dismissed an investor suit asserting JPMorgan Chase & Co. (JPM) ignored red flags about Bernard Madoff’s Ponzi scheme and profited from doing business with the con man. The investors waited too long to sue and failed to show that JPMorgan had any control over Madoff’s actions, U.S. District Judge John Koeltl ruled Wednesday.
Investors filed a series of lawsuits against the JPMorgan after the bank paid $1.7 billion to settle government charges that it failed to take proper steps to stop Madoff’s fraud. The bank also shelled out $350 million for failing to report Madoff’s suspicious activities and more than $500 million to resolve litigation spawned by the scheme.
Moving toward the volatility measures, the price volatility of stock was 2.30% for a week and 1.72% for a month as well as price volatility’s Average True Range for 14 days was 1.24. The beta, which indicates risk in relegation to the market, remained 1.62. The firm past twelve months price to sales ratio was 4.55 and price to cash ratio remained 0.22. As far as the returns are concern, the return on equity was recorded as 10% and return on investment was 6.60%, while its return on asset stayed at 0.90%.
For current month, 6 analyst from pool recommended for an “overweight” rating, while 21 gave rating of “Buy” and 5 analysts suggest to “Hold” and 0 gave preference to “underweight,” according to research rating by WSJ.
While alarming thing to be notice is price target, the average pool price target for JPM has been mentioned as; 79 tends to high price target, medium level touched to 70, and 65 was assigned as lowest share price targets. To accommodate all of these, average analyst price target appeared by 70.96, where as the current price is 64.04, as per research conducted by WSJ. The liquidity measure in recent quarter results of company, debt to equity ratio was 1.30. The Company has profit margin was positive 42.20% in trailing twelve months.
JPMorgan Chase & Co. (NYSE:JPM) is ahead its 52 week low with 30.65%and going down from its 52 week high price with -7.36%. The company’s shares performance for the last one month was 1.14% and 3.61% in the previous week. The stock price of firm is moving up from its 20 days moving average with 2.27% and remote isolated positively from 50 days moving average with 5.51%.