JPMorgan Chase & Co. (JPM) Is Up 0.07% in One Week: What You Should Know

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, with the aim of buying high and selling higher, leveraging established price movements for profitable trades [1] Company Overview: JPMorgan Chase & Co. (JPM) - JPMorgan Chase & Co. currently holds a Momentum Style Score of A, indicating strong momentum characteristics [1] - The company has a Zacks Rank of 2 (Buy), suggesting a favorable outlook based on historical performance metrics [2] Performance Metrics - Over the past week, JPM shares increased by 0.07%, while the Zacks Banks - Major Regional industry rose by 6.86% [3] - In a longer timeframe, JPM's monthly price change is 10.09%, compared to the industry's 13.95% [3] - Over the past quarter, JPM shares have increased by 12.32%, and over the last year, they have gained 40.6%, outperforming the S&P 500's increases of 11.65% and 25.12%, respectively [4] Trading Volume - JPM's average 20-day trading volume is 9,755,117 shares, which serves as a bullish indicator when combined with rising stock prices [4] Earnings Outlook - In the last two months, 5 earnings estimates for JPM have been revised upwards, increasing the consensus estimate from $16.27 to$16.67 [5] - For the next fiscal year, 9 estimates have also moved higher, with no downward revisions noted [5] Conclusion - Given the strong performance metrics and positive earnings outlook, JPMorgan Chase & Co. is positioned as a solid momentum pick and is recommended for consideration in investment strategies [6]