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How To Buy JP Morgan Chase & Co. Stock (JPM)

J.P. Morgan Chase & Co (NYSE:JPM) is an investment bank and financial services holding company. For investors eager to look past the global economic downturn, JPM is offering an enticing investment opportunity. Our guide will show you how to open a brokerage account and start investing in JP Morgan Chase stock.

History of JP Morgan Chase & Co.

JP Morgan Chase was created from the merging of many financial institutions, including Chase Manhattan Bank, JP Morgan & Co., Bank One, Bear Stearns, and Washington Mutual. Chemical Bank was really the corporation’s original title when it was acquired by Chase Manhattan. In 2000, Chase Manhattan Corporation and JP Morgan & Co. merged to become JP Morgan Chase. JP Morgan Chase & Co.’s main headquarters currently are at 383 Madison Avenue. 

In 2019, JP Morgan Chase unveiled advancing black pathways, a program aimed at improving black people’s economic opportunities in the workplace. Over the past 12 months JP Morgan has managed to outperform many other banks during the pandemic. In reaction to COVID-19, JP Morgan temporarily halted share repurchases until the second quarter of 2020. It should be noted that as the economy improves, JP Morgan Chase will be able to increase its market share more efficiently than other banks. 

JP Morgan Chase & Co. Current Financials

JP Morgan Chase & Co. serves millions of individuals in the United States.  The bank reported $14.3 billion in net income for the fiscal year, an increase of $11.4 billion from the previous year. JP Morgan posted net income of $29.1 billion on revenue of $119.5 billion in its 2020 fiscal year (FY), which ended December 31, 2020. 

Revenue rose 3.6% compared to the previous year. JP Morgan Chase (JPM) is the largest bank in the United States in terms of market capitalization. Earnings at JP Morgan are now emerging again due to the country’s economic recovery.

Pros of Owning JPM Stock

  • JP Morgan’s trading platform does not require a minimum balance for trading accounts. You can begin investing for as little as the cost of a single share.
  • JP Morgan charges no fees on web and mobile stock and it charges investors a reasonable commission.
  • Their increased productivity right now is enabling the company to earn considerable free cash flow, which is great for investors. 
  • JP Morgan customers have access to J.P. Morgan stock research on over 1,200 firms in the United States.

Cons of Owning JPM Stock

  • JP Morgan’s investing platform isn’t as well suited for investors as some of the other trading sites available by competing brokers.
  • For many American banks, the stock market has been unfavorable. Investors in these companies have become net sellers as a result of stock market legislation and poor economic development.

Is JPM Stock a Good Buy Now?

In the last two decades, JP Morgan Chase has shown both high sales growth and lower earnings volatility. JP Morgan Chase has been among the top performers in the financial sector for a long time.

Its stock outpaced its competitors during the pandemic, falling just 5% in the last year. JPM stock has a consensus ranking of Moderate Buy from many different analysts. The estimated price target is $166.07, with a projected annual increase of 8%.

Price Forecast

JP Morgan Chase & Co has a median one year target price of $169.00, with a high estimate of $195.00 and a low estimate of $110.00, according to analysts.

Valuation of the Stock

Investors think JP Morgan Chase can be a great investment because it is undervalued in relation to its earnings potential. For the quarter ending in March 2021, JP Morgan Chase’s book value per share was $82.31. JP Morgan Chase’s overall Book Value Per Share Growth Rate over the last 12 months was 7.60 percent.

Dividends

JP Morgan Chase & Co.’s Board of Directors announced a quarterly dividend of 90 cents per share on the outstanding shares of JP Morgan Chase common stock on May 17th. The dividend growth rate of JP Morgan Chase & Co is higher than 75 percent of other mega-cap stocks that pay dividends.

How To Start Investing

To purchase JP Morgan stock, you must first research the company, open a brokerage account, then a trading account, fund your account, and then begin purchasing shares. 

Research JP Morgan Stocks

Stock analysis will assist you in determining if a business is worth adding to your portfolio. You want to develop a good understanding about the business before you purchase some shares.

Open a Brokerage Account

If you want to buy JPM stock, you’ll need to find a broker who can link you to the NYSE, which is where it’s traded. Some brokers can be very costly whilst others are completely free to use.

Fund Your Account

You’ll be able to deposit funds to buy stock after you’ve attached a bank credit/debit card to your account. The following step would be to determine how many JP Morgan stock shares you want to purchase.

Purchase JP Morgan Stocks

In order to purchase JP Morgan Chase stock you would have to then:

  1. Choose an action type
  2. Enter the number of shares you wish to buy (or sell). Decide how many JPM shares you want to buy depending on the current stock price
  3. Simply press the buy (or sell) button.

Different Platforms to Invest in JPM

There are a variety of different platforms that you can use now to invest in stocks on your computer or directly from your phone,

JP Morgan Self-Directed Investing

Existing Chase Bank clients can use JP Morgan Self-Directed Investing to invest in stocks. For present Chase Bank clients looking for a straightforward way to purchase and sell stocks, JP Morgan Self-Directed is a terrific option.

SoFi

Social Financial, Inc. is an online personal finance firm based in the United States. It is an Francisco-based mobile-first service. SoFi offers a variety of financial services, including investing and banking, on both mobile and desktop platforms.

Robinhood

Robinhood is a financial services company based in Menlo Park, California, that specializes in commission-free stock and ETF trading using a smartphone app. They are a free stock trading program that allows users to trade stocks, options, ETFs, and cryptocurrencies.

Interactive Brokers

Interactive Brokers provides traders and investors with easy access to stocks, options, futures, currencies, bonds, and mutual funds. It runs the United States’ largest electronic trading platform in terms of daily revenue trades.

Is JP Morgan Chase & Co the Stock for You?

It is indeed difficult to buy the right stock without a solid investment strategy. It can be hard to make a list of stocks that you believe would fit into your portfolio.

Before investing into any stock it’s important to do your research, so that you can avoid losing money. If you would like to consult a professional, feel free to reach out to a trusted financial advisor today.