As of January 17, 2025, JPMorgan Chase & Co. (JPM) is trading at $254.27 per share, reflecting a 0.78% increase from the previous close. The intraday high reached $257.00, with a low of $248.26.
Recent Developments:
- Legal Actions: JPMorgan has filed two lawsuits against Greece’s fintech company, Viva Wallet, seeking €916 million in damages. The bank alleges that Viva Wallet’s executives engaged in actions devaluing its 2022 investment.
- Strategic Investments: The bank emphasizes investments in artificial intelligence, energy infrastructure, and defense sectors for 2025, highlighting these areas as key growth opportunities.
- Corporate Initiatives: JPMorgan has rebranded its blockchain and tokenization services to “Kinexys by J.P. Morgan,” aiming to accelerate the adoption of these technologies in mainstream financial services.
Financial Performance:
- In the first quarter of 2024, JPMorgan reported increased profits and revenues, surpassing expectations. CEO Jamie Dimon noted the strong performance but cautioned about potential threats from inflation and geopolitical uncertainties.
Analyst Insights:
- Analysts have provided 20 Buy ratings, 13 Hold ratings, and 1 Sell rating for JPMorgan in the current month, with an average price target of $269.53.
Community Engagement:
- The bank has financed $1 billion for affordable housing in New York City, rehabilitating over 6,500 units, demonstrating its commitment to community development.
