How to buy JPMorgan Chase shares | $101.51
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JPMorgan Chase & Co is a banks—diversified business with stocks listed in the US. JPMorgan Chase shares (JPM) are listed on the NYSE and all prices are listed in US Dollars. Its last market close was US$101.51 – an increase of 0.31% over the previous week.
How to buy shares in JPMorgan Chase
- Compare share trading platforms. To buy shares in a US company from Australia you'll need to find a trading platform that offers access to US stock markets. If you're just starting out, look for a platform with low brokerage and foreign exchange fees.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, credit card or debit card.
- Search for JPMorgan Chase. Find the share by name or ticker symbol: JPM. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until JPMorgan Chase reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At last close price of US$101.51, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs. You may be able to buy a fractional share of JPMorgan Chase, depending on your broker.
- Check in on your investment. Congratulations, you own a part of JPMorgan Chase. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
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What's in this guide?
- JPMorgan Chase key stats
- Compare share trading platforms
- Is JPMorgan Chase stock a buy or sell?
- JPMorgan Chase performance over time
- Can I short JPMorgan Chase shares?
- Is JPMorgan Chase suitable for ethical investing?
- Are JPMorgan Chase shares over-valued?
- JPMorgan Chase's financials
- How volatile are JPMorgan Chase shares?
- Does JPMorgan Chase pay a dividend?
- Have JPMorgan Chase shares ever split?
- Other common questions
How has coronavirus impacted JPMorgan Chase's share price?
Since the stock market crash in March caused by coronavirus, JPMorgan Chase's share price has had significant negative movement.
Its last market close was US$101.51, which is 25.26% down on its pre-crash value of US$135.81 and 31.99% up on the lowest point reached during the March crash when the shares fell as low as US$76.91.
If you had bought US$1,000 worth of JPMorgan Chase shares at the start of February 2020, those shares would have been worth US$592.73 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth US$761.33.
JPMorgan Chase share priceUse our graph to track the performance of JPM stocks over time.
JPMorgan Chase shares at a glance
|Latest market close||USD$101.51|
|52-week range||USD$76.91 - USD$141.1|
|50-day moving average||USD$98.9774|
|200-day moving average||USD$97.0396|
|Dividend yield||USD$3.6 (3.61%)|
|Earnings per share (TTM)||USD$7.669|
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Is it a good time to buy JPMorgan Chase stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
JPMorgan Chase price performance over time
|1 week (2020-10-22)||-1.33%|
|1 month (2020-10-01)||4.68%|
|3 months (2020-07-31)||5.04%|
|6 months (2020-05-01)||8.86%|
|1 year (2019-10-31)||-18.74%|
|2 years (2018-10-31)||-6.89%|
|3 years (2017-10-31)||0.89%|
|5 years (2015-10-30)||57.99%|
Is JPMorgan Chase under- or over-valued?
Valuing JPMorgan Chase stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of JPMorgan Chase's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
JPMorgan Chase's P/E ratio
JPMorgan Chase's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 13x. In other words, JPMorgan Chase shares trade at around 13x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
JPMorgan Chase's PEG ratio
JPMorgan Chase's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 7.2251. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into JPMorgan Chase's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
JPMorgan Chase financials
|Revenue TTM||US$98 billion|
|Operating margin TTM||32.63%|
|Gross profit TTM||US$110 billion|
|Return on assets TTM||0.85%|
|Return on equity TTM||9.53%|
|Market capitalisation||US$307.7 billion|
TTM: trailing 12 months
Shorting JPMorgan Chase shares
There are currently 20.3 million JPMorgan Chase shares held short by investors – that's known as JPMorgan Chase's "short interest". This figure is 8.9% down from 22.3 million last month.
There are a few different ways that this level of interest in shorting JPMorgan Chase shares can be evaluated.
JPMorgan Chase's "short interest ratio" (SIR)
JPMorgan Chase's "short interest ratio" (SIR) is the quantity of JPMorgan Chase shares currently shorted divided by the average quantity of JPMorgan Chase shares traded daily (recently around 18.5 million). JPMorgan Chase's SIR currently stands at 1.1. In other words for every 100,000 JPMorgan Chase shares traded daily on the market, roughly 1100 shares are currently held short.
However JPMorgan Chase's short interest can also be evaluated against the total number of JPMorgan Chase shares, or, against the total number of tradable JPMorgan Chase shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case JPMorgan Chase's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 JPMorgan Chase shares in existence, roughly 10 shares are currently held short) or 0.0067% of the tradable shares (for every 100,000 tradable JPMorgan Chase shares, roughly 7 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against JPMorgan Chase.
Find out more about how you can short JPMorgan Chase stock.
JPMorgan Chase's environmental, social and governance track record
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like JPMorgan Chase.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
JPMorgan Chase's total ESG risk score
Total ESG risk: 24.51
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and JPMorgan Chase's overall score of 24.51 (as at 09/30/2020) is pretty good – landing it in it in the 29th percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like JPMorgan Chase is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
JPMorgan Chase's environmental score
Environmental score: 1.16/100
JPMorgan Chase's environmental score of 1.16 puts it squarely in the 3rd percentile of companies rated in the same sector. This could suggest that JPMorgan Chase is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
JPMorgan Chase's social score
Social score: 12.45/100
JPMorgan Chase's social score of 12.45 puts it squarely in the 3rd percentile of companies rated in the same sector. This could suggest that JPMorgan Chase is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
JPMorgan Chase's governance score
Governance score: 7.4/100
JPMorgan Chase's governance score puts it squarely in the 3rd percentile of companies rated in the same sector. That could suggest that JPMorgan Chase is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
JPMorgan Chase's controversy score
Controversy score: 3/5
ESG scores also evaluate any incidences of controversy that a company has been involved in. JPMorgan Chase scored a 3 out of 5 for controversy – a middle-of-the-table result reflecting that JPMorgan Chase hasn't always managed to keep its nose clean.
Environmental, social, and governance (ESG) summary
|Total ESG score||24.51|
|Total ESG percentile||28.52|
|Environmental score percentile||3|
|Social score percentile||3|
|Governance score percentile||3|
|Level of controversy||3|
JPMorgan Chase share dividends
Dividend payout ratio: 34.85% of net profits
Recently JPMorgan Chase has paid out, on average, around 34.85% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.61% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), JPMorgan Chase shareholders could enjoy a 3.61% return on their shares, in the form of dividend payments. In JPMorgan Chase's case, that would currently equate to about $3.6 per share.
While JPMorgan Chase's payout ratio might seem fairly standard, it's worth remembering that JPMorgan Chase may be investing much of the rest of its net profits in future growth.
JPMorgan Chase's most recent dividend payout was on 30 October 2020. The latest dividend was paid out to all shareholders who bought their shares by 4 October 2020 (the "ex-dividend date").
Have JPMorgan Chase's shares ever split?
JPMorgan Chase's shares were split on a 3:2 basis on 11 June 2000. So if you had owned 2 shares the day before before the split, the next day you'd have owned 3 shares. This wouldn't directly have changed the overall worth of your JPMorgan Chase shares – just the quantity. However, indirectly, the new 33.3% lower share price could have impacted the market appetite for JPMorgan Chase shares which in turn could have impacted JPMorgan Chase's share price.
JPMorgan Chase share price volatility
Over the last 12 months, JPMorgan Chase's shares have ranged in value from as little as US$76.91 up to US$141.1. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while JPMorgan Chase's is 1.1296. This would suggest that JPMorgan Chase's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
JPMorgan Chase overview
JPMorgan Chase & Co. operates as a financial services company worldwide. It operates in four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services. The CIB segment provides investment banking products and services, including corporate strategy and structure advisory, and equity and debt markets capital-raising services, as well as loan origination and syndication; cash management and liquidity solutions; and cash securities and derivative instruments, risk management solutions, prime brokerage, and research. This segment also offers securities services, including custody, fund accounting and administration, and securities lending products for asset managers, insurance companies, and public and private investment funds. The CB segment provides financial solutions, including lending, treasury, investment banking, and asset management to small business, large and midsized corporations, local governments, and nonprofit clients; and commercial real estate banking services to investors, developers, and owners of multifamily, as well as to office, retail, industrial, and affordable housing properties. The AWM segment offers investment and wealth management services across equities, fixed income, alternatives, and money market fund asset classes; multi-asset investment management services; retirement products and services; and brokerage and banking services. The company also provides ATM, online and mobile, and telephone banking services. The company was founded in 1799 and is headquartered in New York, New York.
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