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Morning Alert: JPMorgan Chase and Co. hits 52-week high eighth time in one month 18 January 2018 11:53 EST

NEWS BITES - NORTH AMERICA

JPMorgan Chase & Co. (NYSE:JPM) hit a 52-week high of $US113.72 today for the eighth time in the past one month and last traded at $US113.15. This brought its two-day rise to 88.0c or 0.8%. Trading volume was 51% of average so far today.

SECTION 1: The past week

Current indications of bullish signals that support the trend in the unusual trading

1.1 At a glance

Weekly: JPMorgan Chase and Co. lifts 2.5% - outperforming 82% of stocks January 17, 2018 16:00 EST

JPMorgan Chase & Co. (NYSE:JPM), the NYSE's largest Bank by market cap, has increased $US2.74 (or 2.5%) in the past week to close at $US112.99. In the NYSE market of 1,841 stocks & 335 units traded today, the stock has a 6-month relative strength of 82 which means it is beating 82% of the market. A price rise combined with a high relative strength is a bullish signal. The stock rose for a third week on Wednesday bringing its a three-week rise to $US6.33 or 5.9%. Compared with the S&P 500 Index which rose 54.3 points (or 2.0%) in the week, this represented a relative price increase of 0.5%. The volume was 1.3 times average trading per week of 55.4 million shares. In the past week the market cap has risen $US9.5 billion.

SECTION 2: Technical indicators

Bullish:

The positive 2.33 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal (12-day minus 26-day Exponential Moving Averages). Both the 12-day and the 26-day EMA are rising - another bullish signal. In the past week, the stock's MACD has been positive in four days, a reinforcing bullish signal.

In the last one month the stock has hit a new 52-week high eight times and in the last three months seventeen times, pointing to a significant uptrend.

The price lifted 2.1% in the last week and jumped 6.3% in the last month.

The present value of USD1,000 invested one year ago is $US1,401 [vs $US1,232 for the S&P 500 Index], including a capital gain of $US370 and dividend reinvested of $US31. The total return to shareholders for 1 year is 40.1%.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Parity:

Price/Earnings/Growth of 1.23 [1.3]

Price to Book of 1.9 [1.8]

Dividend yield of 1.9% [1.8%]

Undervaluation:

Price/Earnings of 16.1 [18.9]

Return on Equity 9.7% [7.3%]

Return on Assets 1% [0.7%]

Overvaluation:

Year-on-Year Earnings Growth of 3.2% [14.5%]

Note

The stock has outperformed 78% of the NYSE market over the past 6 months.

Overbought/Bearish:

The 0.5% discount to 12-month high of $US113.72 against the 40.1% premium to 12-month low of $US80.77 suggests the climb might be peaking.

SECTION 3: Ranking

DescriptionValueRank In Market
MCap $US billion392.6In Top 1%
Price/MAP2001.21In Top Quartile
52-week Range (in $US)80.8-113.7
1-month Range (in $US)105.5-113.7
RSI81.2Bearish

SECTION 4: Earnings

FY2016 Annual Report: JPMorgan Chase and Co. EPS Growth slows to 3.2%

JPMorgan Chase and Co. (N:JPM), announced EPS of $US6.19 for the year-ended 31 December 2016, up 3.2% from $US6.0 in the previous year-ended 31 December 2015. EPS growth from the year-ended 31 December 2014 to the year-ended 31 December 2015 was 13.4%.

SECTION 5: Recent Reported Selling

January 17: JPMorgan Chase and Co. insider sells

JPMorgan Chase and Co. (NYSE:JPM) insider Ashley Bacon sold 16,434 shares worth $US1,844,230 on January 16. The selling price was $US112.22.

January 17: JPMorgan Chase and Co. insider sells

JPMorgan Chase and Co. (NYSE:JPM) insider Douglas B. Petno sold 48,344 shares worth $US5,425,140 on January 16. The selling price was $US112.22.

January 17: JPMorgan Chase and Co. insider sells

JPMorgan Chase and Co. (NYSE:JPM) insider Marianne Lake sold 9,194 shares worth $US1,031,723 on January 16. The selling price was $US112.22.

January 17: JPMorgan Chase and Co. insider sells

JPMorgan Chase and Co. (NYSE:JPM) insider Nicole Giles sold 3,783 shares worth $US425,399 on January 16. The selling price was $US112.45.

January 17: JPMorgan Chase and Co. insider sells

JPMorgan Chase and Co. (NYSE:JPM) insider Mary Callahan Erdoes sold 65,101 shares worth $US7,307,438 on January 16. The selling price was $US112.25.

SECTION 6: Recent News of JPMorgan Chase and Co.

January 17: Chariot and JPMorgan Chase Team Up to Ease Employee Commutes as Part of Smart Columbus Initiative

Chariot will run six initial routes serving 400 JPMorgan Chase employees

COLUMBUS, Ohio---- As part of the broader Smart Columbus initiative, commuter solution Chariot - a subsidiary of Ford Motor Company's mobility arm - today announced it is expanding its service to Columbus, in partnership with JPMorgan Chase and in support of the city's transformation to become a model for connected cities of the future.

January 12: JPMorgan Chase Reports Fourth-Quarter and Full-Year 2017 Financial Results

NEW YORK---- JPMorgan Chase & Co. has released its fourth-quarter and full-year 2017 financial results. Results can be found at the Firm's Investor Relations website at jpmorganchase.com/latest-earnings.

JPMorgan Chase & Co. (NYSE:JPM) is a leading global financial services firm with assets of $2.5 trillion and operations worldwide.

JPMorgan Chase & Co. (N:JPM)

ISIN: US46625H1005

PermID: 4297129996

CIK: 19617

CUSIP: 46625H100

Source: www.BuySellSignals.com