The underdog financial institute, JPMorgan Chase & Co. (NYSE:JPM) possibly would declare derivatives trading declines around $4 billion and $6 billion for the second quarter, according to latest reports.
The company initially calculated the loss of almost $2 billion, according to Reuters, mentioning an unnamed source. Regardless of the loss, the firm is predicted to announce a robust profit, as per reported the source.
The largest bank in the United States in terms of assets, earns almost $5 billion each quarter.
Its competitors include Bank of America Corp (NYSE:BAC) that surged 3.23% to $7.99 with the total traded volume of 111.17 million shares and Citigroup Inc. (NYSE:C) that moved up2.80% to $27.13 with the total traded volume of 28.51 million shares.
Other financial stocks with bullish trend include Morgan Stanley (NYSE:MS) up 2.60% to $14.23, Wells Fargo & Company (NYSE:WFC) up 2.09% to $33.16 and Genworth Financial Inc (NYSE:GNW) up 4.42% to $5.67, whereas with bearish trend include Barclays PLC (ADR) (NYSE:BCS) down -4.80% to $10.32, Chimera Investment Corporation (NYSE:CIM) down -2.33% to $2.31 and Ampal-American Israel Corporation (NASDAQ:AMPL) down -19.24% to $0.105.
JPMorgan Chase & Co. (NYSE:JPM) dropped -0.11% or -$0.04 to trading at $35.84 at 12:03AM EDT following it hit intra day high level of $36.80. The total traded volume in the current trading session is 19.78 million shares as compared to average 52.39 million shares. Its fifty two week trading range is $27.85 – $46.49. The total market capitalization reached $136.51 billion.
The stock price was ahead its 52 week low price with 31.00% and it lagged behind -22.08% from its 52 week maximum mark. Stock price volatility for last month remained 3.10%. In its share capital, the company has 3.81 billion outstanding shares out of which 3.79 billion shares have been floated in the market. For now, stock ownership with company’s management remained 0.17%.
JPM presented an optimistic weekly performance of 1.04% with respect to its rate of return and it remained 8.86% for the month. However, the performance for a quarter experienced a negative change of -20.92% and it slumped -8.73% for a year and its year to date performance remained in green with 9.39%.
Current stock price is in the upbeat territory taking into account of 20 days moving average with 4.82% and continued bearish run for 50 days moving average with -2.64%. Its earning per share for the past twelve months was $4.50. Company’s beta coefficient was at 1.33. Beta measures the amount of market risk associated with market trade.
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