JPM Stock Recent News

'Mad Money' host Jim Cramer looks at the recent slate of bank earnings kicking off earnings season.

JPMorgan Chase & Co. JPM reported better-than-expected third-quarter FY24 earnings on Friday.

JPMorgan Chase & Company NYSE: JPM stock can hit new highs in 2024 because the fear induced by September's guidance warnings was misplaced, the Q3 results were better than expected, cash flow and capital returns remain solid, and the trend in analysts' sentiment is leading to a new all-time high. The takeaway is that September's sell-off was a buying opportunity that is still in play, and this stock has a double-digit upside potential likely reached before the year's end.

America's biggest banks say consumers are still spending in spite of inflation. As Reuters reported Friday (Oct. 11), earnings from two of the country's biggest banks — and optimistic commentary from their executives — could make investors less worried that high borrowing costs were pressuring consumers and leading to a possible downturn.

GLOV ETF struggles due to the ongoing growth cycle, despite its focus on value, quality, momentum, and low volatility. The fund's higher expense ratio and inability to deliver market-beating returns make it unattractive. Current economic resilience and mixed signals suggest it's not the right time for value-focused investments like GLOV.

People are not springing for new loans as interest rates remain elevated.

JPMorgan's Q3 earnings surpassed expectations, with significant beats in key metrics such as net revenue, net interest income, and EPS, driving a 4.44% stock price increase. Year-over-year, NII growth was modest at 3%, and net income decreased by -1%. Yet, the bank saw great momentum in non-interest revenue, growing 12%. Although the CEO thinks the stock multiple is inflated, I believe it is fairly valued, and given the bank's strong positioning, it is worth providing it with a buy rating.

JPMorgan Chase reported strong earnings. Future growth will occur primarily through accretive acquisitions. Declining interest rates pose challenges to the matching system that is so important to the banking business.

The market liked what it saw in the quarterly releases from JPMorgan JPM and Wells Fargo WFC, even though Wells Fargo came up short on the top-line while JPMorgan beat both top- and bottom-line expectations.

As 2024 draws to a close, and as evidenced by management remarks and data in the latest earnings results from JPMorgan Chase, posted on Friday (Oct. 11), consumer spending, in the words of CFO Jeremy Barnum, is seeing a period of “normalization” as consumers are on “solid footing.” Spending growth is still growth.