Earnings Alerts

JPMorgan Chase & Co (JPM) Earnings: Key Insights on October Charge-Offs at 1.62%

By November 15, 2024 No Comments
  • JPMorgan reported credit card charge-offs at a rate of 1.62% in October.
  • Credit card delinquencies were noted at 0.87% during the same period.
  • Regarding stock recommendations, JPMorgan has 18 buy ratings.
  • The bank also has 8 hold ratings from analysts.
  • There are 2 sell ratings on JPMorgan stock.

A look at JPMorgan Chase & Co Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth3
Resilience2
Momentum4
OVERALL SMART SCORE3.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Analysts using Smartkarma Smart Scores have given JPMorgan Chase & Co a mixed outlook for the long term. The company scores moderately across key factors, with a score of 3 in Value, Dividend, and Growth, indicating a stable but not exceptional performance in these areas. However, its Momentum score of 4 suggests a strong upward trend in the company’s performance. On the other hand, JPMorgan Chase & Co lags in Resilience with a score of 2, indicating a lower ability to weather economic downturns compared to its peers.

JPMorgan Chase & Co is a global financial services firm offering a wide range of services, including investment banking, asset management, retail banking, and more. The company caters to businesses, institutions, and individuals, providing a diverse set of financial solutions. Despite its mixed Smart Scores outlook, the company’s strong Momentum score could indicate potential for growth and positive performance in the future, provided it addresses any resilience concerns.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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