JPMorgan Chase & Co. : The technical configuration is deteriorating
| Entry price | Target | Stop-loss | Potential |
|---|
|
US$108 |
US$102.1 |
US$111.5 |
+5.46% |
|---|
The chart of shares in JP Morgan Chase & Company exhibits signs of a downward reversal suggesting that a correction phase is in its beginning.
Strengths● Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.
● There is high visibility into the group's activities for the coming years. Outlooks on future revenues from analysts covering the equity remain similar. Such hardly dispersed estimates support highly predictable sales for the current and upcoming fiscal years.
● The company's attractive earnings multiples are brought to light by a P/E ratio at 10.7 for the current year.
● According to forecast, a sluggish sales growth is expected for the next fiscal years.
The content herein constitutes a general investment recommendation, prepared in accordance with provisions aimed at preventing market abuse by Surperformance, the publisher of MarketScreener.com. More specifically, this recommendation is based on factual elements and expresses a sincere, complete, and balanced opinion. It relies on internal or external data, considered reliable as of the date of their release. Nevertheless, this information, and the resulting recommendation, may contain inaccuracies, errors, or omissions, for which Surperformance cannot be held responsible. This recommendation, which in no way constitutes investment advice, may not be suitable for all investor profiles. The reader acknowledges and accepts that any investment in a financial instrument involves risks, for which they assume full responsibility, without recourse against Surperformance. Surperformance commits to disclosing any conflict of interest that may affect the objectivity of its recommendations.
JPMORGAN CHASE & CO. 
