How To Earn $500 A Month From JPMorgan Stock Ahead Of Q4 Earnings Report
Portfolio Pulse from Avi Kapoor
JPMorgan Chase & Co. (JPM) is anticipated to release its Q4 earnings on Jan. 12, 2023, with expected earnings of $3.40 per share on revenue of $39.77 billion. Deutsche Bank analyst Matt O'Connor upgraded JPM from Hold to Buy and increased the price target from $140 to $190. CEO Jamie Dimon remains opposed to cryptocurrencies. JPMorgan's current dividend yield is 2.46%, with a quarterly dividend of $1.05 per share. To earn $500 a month in dividends, an investor would need to own 1,429 shares, valued at approximately $243,873. JPM shares fell 0.8% to close at $170.66 on Tuesday.
January 10, 2024 | 1:15 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
JPMorgan Chase is expected to report Q4 earnings with an analyst upgrade from Deutsche Bank and a raised price target. The company maintains a dividend yield of 2.46%, and shares recently fell by 0.8%.
The positive analyst upgrade and raised price target by Deutsche Bank suggest a bullish outlook for JPMorgan Chase, which could lead to a short-term increase in stock price. The consistent dividend yield may also attract income-focused investors, supporting the stock's price. However, the recent share price dip indicates some market hesitation, which could limit the immediate upside.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100