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Jpmorgan Chase: Time To Take Some Profit (nyse:jpm)

by seekingalpha.com posted 1month ago 12 views
LPNEWS
JPMorgan Chase & Co. (NYSE:JPM) had a strong showing in earnings in 2023. Fourth-quarter profits (released in Jan 2024) reached $3.78 per share, a healthy 6% increase compared to $3.57 per share in 2022. For 2023 as a whole, JPM’s bottom line surged almost 33% YoY, to $16.05 a share, versus the prior-year figure of $12.09. Thanks to such large earnings boosts, the stock price now hovers around a record high of ~$195 (see the chart below).

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