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0.000669045495093692 0.000223015165031178 0.00211864406779658 0.0107604817127565 -0.00111507582515621 0.00880798394290815 0.0147190008920606 0.0153322925958965
Stock impact report

Can The Coronavirus Crisis Reduce JPMorgan Stock To $60? [Forbes]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: Forbes
The J.P. Morgan logo sign on the entrance of a glass office building in Midtown Manhattan, New York,... [+]USA on 23 January 2020. JPMorgan Chase & Co. is an American multinational investment bank and financial services holding company has the headquarters in New York City. NY, USA (Photo by Nicolas Economou/NurPhoto via Getty Images)Despite almost a 35% decline in JPMorgan’s stock since the beginning of this year, at the current price of $89 per share, we believe JPMorgan has a significant downside. Why is that? Well,(NYSE: JPM)How Low Can JPMorgan Stock GoThe point is, a significant contributor to this stock growth from the last two years was JPMorgan’s strong earnings per share. In contrast, JPMorgan’s P/E ratio, on a trailing basis, fell from about 15.7x at the end of 2017 to around 12.8x at the end of 2019. The P/E multiple is down to about 8.3x now, which is roughly 35% lower than the P/E figure at the end of 2019. And a sharper-than-expected reduction in earnings could take the Show less Read more
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