에 대한 최신 뉴스 JPMorgan Chase (NYSE:JPM) 주식

JPMorgan Chase

JPMorgan Chase is one of the largest and most complex financial institutions in the United States, with nearly $3.9 trillion in assets. It is organized into four major segments--consumer and community banking, corporate and investment banking, commercial banking, and asset and wealth management. JPMorgan operates, and is subject to regulation, in multiple countries.

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S&amp;P 500과 같은 광범위한 주식 시장 지수는 2024년 상반기에 사상 최고치를 기록했다. 다우존스 산업평균지수도 사상 최고치를 경신했지만, 올해 상반기에는 수익률이 더 낮았다. 다우존스 산업평균지수에서 가장 큰 상승세를 보인 종목과 부진 종목을 살펴보겠다.

2024년 상반기 다우존스 산업평균지수의 가장 큰 상승주 5종목, 하락주 5종목

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한 주요 시장 전략가는 여러 주요 시장 지수 이벤트와 하반기 시작을 앞두고 주식 지수가 사상 최고치로 거래되는 상황에서 시장이 잠시 멈출 수 있다고 생각한다.

시장은 사상 최고치 이후 정상적인 일시 정지를 경험할 것, 이익 실현의 시간: 전문가

Federal Reserve

미국 은행 규제 당국들은 뱅크오브아메리카(NYSE:BAC), 씨티그룹(NYSE:C), 골드만삭스 그룹(NYSE:GS) 및 JP모건 체이스(NYSE:JPM) 등 미국의 주요 은행들이 제공한 정리의향서(Living Willㆍ리빙 윌)에서 결함을 발견했다.

미국 금융 기관이 붕괴될 경우 4대 은행들이 제출한 정리의향서에 &#39;단점&#39; 발견: FDIC

JPMorgan Chase & Co

JPMorgan USD Emerging Markets Sovereign Bond ETF

JPMorgan Diversified Return U.S. Mid Cap Equity ETF

Tidal Trust II YieldMax JPM Option Income Strategy ETF

J P Morgan Chase & Co Depositary Shares, each representing a 1/400th interest in a share of 6.00% Non-Cumulative Preferred Stock, Series EE

J P Morgan Chase & Co Depositary Shares, each representing a 1/400th interest in a share of 5.75% Non-Cumulative Preferred Stock, Series DD

J P Morgan Chase & Co Depositary Shares, each representing a 1/400th interest in a share of JPMorgan Chase & Co. 4.75% Non-Cumulative Preferred Stock, Series GG

J P Morgan Chase & Co Depositary Shares, each representing a 1/400th interest in a share of 4.55% Non-Cumulative Preferred Stock, Series JJ

J P Morgan Chase & Co Depositary Shares, each representing a 1/400th interest in a share of 4.625% Non-Cumulative Preferred Stock, Series LL

J P Morgan Chase & Co Depositary Shares, each representing a 1/400th interest in a share of 4.20% Non-Cumulative Preferred Stock, Series MM

Deep-pocketed investors have adopted a bearish approach towards JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in JPM usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 37 extraordinary options activities for JPMorgan Chase. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 29% leaning bullish and 32% bearish. Among these notable options, 10 are puts, totaling $588,079, and 27 are calls, amounting to $1,835,147.
<h3>Expected Price Movements</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $100.0 to $215.0 for JPMorgan Chase over the last 3 months. 
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for JPMorgan Chase's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of JPMorgan Chase's whale activity within a strike price range from $100.0 to $215.0 in the last 30 days. 
<h3>JPMorgan Chase 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720205375_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>JPM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$25.75</td>
<td>$25.2</td>
<td>$25.2</td>
<td>$210.00</td>
<td>$252.0K</td>
<td>886</td>
<td style="text-align: right;">42</td>
</tr>
<tr>
<td>JPM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$15.4</td>
<td>$15.15</td>
<td>$15.4</td>
<td>$195.00</td>
<td>$154.0K</td>
<td>4.0K</td>
<td style="text-align: right;">23</td>
</tr>
<tr>
<td>JPM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$1.93</td>
<td>$1.88</td>
<td>$1.91</td>
<td>$190.00</td>
<td>$143.4K</td>
<td>2.8K</td>
<td style="text-align: right;">13</td>
</tr>
<tr>
<td>JPM</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$110.15</td>
<td>$106.65</td>
<td>$108.4</td>
<td>$100.00</td>
<td>$130.0K</td>
<td>575</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>JPM</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>08/16/24</td>
<td>$4.85</td>
<td>$4.75</td>
<td>$4.8</td>
<td>$205.00</td>
<td>$120.0K</td>
<td>1.3K</td>
<td style="text-align: right;">74</td>
</tr>
</tbody>
</table>

<h3>About JPMorgan Chase</h3>
JPMorgan Chase is one of the largest and most complex financial institutions in the United States, with nearly $3.9 trillion in assets. It is organized into four major segments--consumer and community banking, corporate and investment banking, commercial banking, and asset and wealth management. JPMorgan operates, and is subject to regulation, in multiple countries.
Following our analysis of the options activities associated with JPMorgan Chase, we pivot to a closer look at the company's own performance.
<h3>JPMorgan Chase's Current Market Status</h3>
<ul>
<li>Trading volume stands at 4,415,417, with JPM's price down by -1.2%, positioned at $205.04.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 7 days.</li>
</ul>
<h3>What Analysts Are Saying About JPMorgan Chase</h3>
In the last month, 2 experts released ratings on this stock with an average target price of $224.5.
<ul>
<li>Maintaining their stance, an analyst from Evercore ISI Group continues to hold a Outperform rating for JPMorgan Chase, targeting a price of $210. </li>
<li>Consistent in their evaluation, an analyst from Jefferies keeps a Buy rating on JPMorgan Chase with a target price of $239. </li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for JPMorgan Chase with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Markets

Smart Money Is Betting Big In JPM Options

Marianne Lake, head of Chase Bank, a division of JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), has issued a warning to its 86 million customers: prepare for potential new charges on their bank accounts.
Lake highlighted that proposed regulations aimed at capping overdrafts and late fees will lead to significant cost increases for everyday banking services.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/06/39563519/us-banks-bump-up-dividends-following-feds-successful-stress-test" rel="noreferrer noopener">US Banks Bump Up Dividends Following Fed&#8217;s Successful Stress Test</a>.
Chase, the largest consumer bank and one of the top credit card issuers in the country, plans to pass on the costs of these higher regulations to its customers.
Lake mentioned that currently free services such as checking accounts and wealth management tools could soon incur fees. &#8220;The changes will be broad, sweeping, and significant,&#8221; she emphasized, noting that those most affected will be individuals who can least afford the additional expenses.
The proposed regulations, spearheaded by the Consumer Financial Protection Bureau, include a $8 cap on credit card late payment fees and a $3 cap on overdraft charges.
Additionally, the Wall Street Journal report <a target="_blank" href="https://www.wsj.com/finance/regulation/jpmorgan-financial-regulations-charge-customers-d86ca9e4?mod=latest_headlines" rel="noreferrer noopener">adds</a> there are plans to limit debit card fees and charges to software companies like Venmo and CashApp for accessing customer data.
New capital rules could also make lending harder for banks, requiring them to hold more reserves against mortgages and credit card loans.
Some consumer advocates argue this scenario mirrors the post-financial crisis era when banks threatened to impose fees following regulatory caps but refrained mainly due to consumer backlash.
However, banks now assert that the scope of the new regulations could force them to implement these charges.
Lake foresees that the range of free services, such as credit score trackers and financial planning tools, may not remain free if the rules are enforced.
She pointed out how previous regulations on debit card swipe fees had already increased costs for consumers and anticipates a similar outcome with the new regulations.
Citing a consulting partner at PricewaterhouseCoopers, the WSJ report adds while large banks might absorb the impact through their wealth management and investment banking divisions, smaller banks could struggle.
He also warned that the competitive environment for retail deposits could force banks to keep services free to retain customers.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Read Next:
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<li><a href="https://www.benzinga.com/government/24/07/39600069/drug-traffickers-exploit-citigroup-atms-for-money-laundering" target="_blank" rel="noreferrer noopener">Drug Traffickers Exploited Citigroup ATMs For Money Laundering: Report</a>.</li>
</ul>
Photo via Shutterstock

Government

News

Regulations

General

Largest Consumer Bank Chase Hints Increased Cost To Consumers For Everyday Banking Services

<a href="https://www.wsj.com/finance/regulation/jpmorgan-financial-regulations-charge-customers-d86ca9e4#:~:text=Lake%20said%20Chase%20is%20already,the%20industry%20will%20follow%20suit" title="https://www.wsj.com/finance/regulation/jpmorgan-financial-regulations-charge-customers-d86ca9e4#:~:text=Lake%20said%20Chase%20is%20already,the%20industry%20will%20follow%20suit">https://www.wsj.com/finance/regulation/jpmorgan-financial-regulations-charge-customers-d86ca9e4#:~:text=Lake%20said%20Chase%20is%20already,the%20industry%20will%20follow%20suit</a>.

Economics

Chase Bank Head  Marianne Lake Said Customers May Be Charged for Checking Accounts, Wealth-Management Tools;  Chase, Other Banks to Pass On Costs of Higher Regulation to Customers

Mortgage <a href="https://www.benzinga.com/real-estate/24/06/39488167/prospective-homebuyers-get-little-respite-as-mortgage-rates-expected-to-plateau-freddie-mac-predicts">applications have slowed</a> as the average interest rate for 30-year mortgages has gone back above 7%.
Loan requests declined 2.6% on a seasonally adjusted basis as of June 28 from a week earlier, <a href="https://www.mba.org/news-and-research/newsroom/news/2024/06/26/mortgage-applications-increase-in-latest-mba-weekly-survey">according</a> to data from the Mortgage Bankers Association's Weekly Applications Survey.
The average contract interest rate for 30-year fixed-rate mortgages with loan balances below $766,550 or less rose to 7.03% from 6.93%. The same interest rate for 15-year fixed-rate mortgages increased to 6.56% from 6.46%.
"Mortgage rates moved higher last week, crossing the 7 percent mark, even as the latest inflation data has kept market expectations alive for a rate cut from the Fed later this year," Chief Economist Mike Fratantoni said in a statement.
&#8220;Purchase applications decreased the final full week of June, even as both new and existing inventories have increased over the past few months.&#8221;
Also Read: <a href="https://www.benzinga.com/top-stories/24/06/39421719/mortgage-rates-fall-for-third-straight-week-with-signs-of-lower-inflation-fed-rates">Mortgage Rates Fall For Third Straight Week With Signs Of Lower Inflation, Fed Rates</a>
The Federal Reserve has kept its key interest rate between 5.25% and 5.50% as it aims to push a 3.4% <a href="https://www.benzinga.com/markets/equities/24/07/39603097/stocks-hold-steady-as-powell-reassures-on-disinflation-path-warns-about-debt-risks-tesla-rallies">rate of inflation</a> to 2%, but it does plan on cutting the rate once later this year.
Data released by Freddie Mac on<a href="https://freddiemac.gcs-web.com/news-releases/news-release-details/mortgage-rates-increase-5?_gl=1&#x2A;qrr0gi&#x2A;_gcl_au&#x2A;NDg3ODg4MTM1LjE3MjAwMjQwNjU.&amp;_ga=2.247265479.2136513647.1720024066-1273696089.1720024066"> Wednesday </a>showed the 30-year fixed-rate mortgage averaged 6.95%, up from 6.86% the previous week and 6.81% a year ago. The 15-year FRM averaged 6.25%, rising from 6.16% last week and slightly higher than the 6.24% average a year earlier.
Price Action: Mortgage lender stocks trended downward in Wednesday&#8217;s mid-morning trading. JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) slipped 0.40% to $208.00, while Bank of America Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) declined 0.28% to $40.81 and Wells Fargo &amp; Company fell 0.98% to $60.37.
Mortgage-backed security exchange-traded funds picked up ground by mid-morning. The iShares MBS ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBB#NASDAQ">MBB</a>) and the Vanguard Mortgage-Backed Securities ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VMBS#NASDAQ">VMBS</a>) both rose 0.58%, while the SPDR Bloomberg Barclays Mortgage Backed Bond ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MBG#NYSE">MBG</a>) moved up 0.11%.
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</ul>
Image created using artificial intelligence via Midjourney.

Real Estate

VMBS

Mortgage Applications Fall As Rates Climb Back Above 7%

Jefferies analyst Ken Usdin maintains JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) with a Buy and raises the price target from $230 to $239.

Price Target

Analyst Ratings

Jefferies Maintains Buy on JPMorgan Chase, Raises Price Target to $239

Marko Kolanovic, JP Morgan Chase &amp; Co.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) chief global market strategist and co-head of global research,<a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/39596027/jp-morgan-appoints-nazim-ali-to-lead-asia-tech-vertical-in-private-bank-expansion-report" rel="noreferrer noopener"> is departing from the bank.</a>
After 19 years at JP Morgan, Kolanovic is &#8220;exploring other opportunities,&#8221; Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-07-03/jpmorgan-s-kolanovic-to-leave-bank-after-two-challenging-years?srnd=markets-vp&amp;sref=TBDibEcD" rel="noreferrer noopener">reported</a>, citing an internal memo.
Under Kolanovic&#8217;s leadership, JP Morgan&#8217;s strategists maintained a bearish stance on U.S. equities, diverging from peers like Goldman Sachs Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), Citigroup, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), and Bank Of America Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) who raised their forecasts.
Also Read:<a target="_blank" href="https://www.benzinga.com/government/24/07/39600069/drug-traffickers-exploit-citigroup-atms-for-money-laundering" rel="noreferrer noopener"> Drug Traffickers Exploited Citigroup ATMs For Money Laundering</a>
JPMorgan&#8217;s S&amp;P 500 target for 2024, at 4,200, is the lowest among major banks, while the index currently trades above 5,500.
Dubravko Lakos-Bujas will now lead market strategy, while Hussein Malik assumes the role of head of global research, the report added.
Stephen Dulake and Nicholas Rosato will jointly lead a new team focused on fundamental research, integrating credit and equity research efforts.
Following a tumultuous two-year period of stock-market predictions by Kolanovic, he remained bullish through much of 2022 despite the S&amp;P 500 Index falling 19%.
Later, he turned bearish just as the market rebounded, missing out on last year&#8217;s 24% surge in the S&amp;P 500 and the 14% gain in the first half of this year, Bloomberg added.
The strategist, formerly dubbed &#8220;Gandalf&#8221; by the media for his accurate predictions, immigrated to the U.S. from Croatia in the 1990s to pursue studies at New York University, earning a Ph.D. in theoretical physics in 2003, Bloomberg reported.
Lakos-Bujas joined JPMorgan in 2010 following his tenure as a senior researcher at Deutsche Asset Management, the report read.
Price Action: JPM shares are trading lower by 0.31% to $208.18 at last check Wednesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock
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Equities

Management

Media

JP Morgan's Chief Market Strategist Kolanovic Departs Amid Contrarian Views On US Equities: Report

14 analysts have shared their evaluations of JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $211.29, a high estimate of $228.00, and a low estimate of $185.00. Observing a 1.48% increase, the current average has risen from the previous average price target of $208.21. 
<img src="https://www.benzinga.com/files/images/story/2024/1720015291_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
A clear picture of JPMorgan Chase's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Glenn Schorr</td>
<td>Evercore ISI Group</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$210.00</td>
<td>$210.00</td>
</tr>
<tr>
<td>Gerard Cassidy</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$211.00</td>
<td>$211.00</td>
</tr>
<tr>
<td>Erika Najarian</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$224.00</td>
<td>$219.00</td>
</tr>
<tr>
<td>Betsy Graseck</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$214.00</td>
<td>$216.00</td>
</tr>
<tr>
<td>Scott Siefers</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$220.00</td>
<td>$215.00</td>
</tr>
<tr>
<td>David George</td>
<td>Baird</td>
<td>Raises</td>
<td>Neutral</td>
<td>$185.00</td>
<td>$175.00</td>
</tr>
<tr>
<td>David Konrad</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$209.00</td>
<td>$203.00</td>
</tr>
<tr>
<td>Erika Najarian</td>
<td>UBS</td>
<td>Lowers</td>
<td>Buy</td>
<td>$219.00</td>
<td>$226.00</td>
</tr>
<tr>
<td>Betsy Graseck</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$216.00</td>
<td>$221.00</td>
</tr>
<tr>
<td>Scott Siefers</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$215.00</td>
<td>$220.00</td>
</tr>
<tr>
<td>James Fotheringham</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$195.00</td>
<td>$196.00</td>
</tr>
<tr>
<td>Chris Kotowski</td>
<td>Oppenheimer</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$217.00</td>
<td>$219.00</td>
</tr>
<tr>
<td>Ken Usdin</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$228.00</td>
<td>$202.00</td>
</tr>
<tr>
<td>David Konrad</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$195.00</td>
<td>$182.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to JPMorgan Chase. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of JPMorgan Chase compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of JPMorgan Chase's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/JPM/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on JPMorgan Chase analyst ratings.</a>
<h2>Delving into JPMorgan Chase's Background</h2>
JPMorgan Chase is one of the largest and most complex financial institutions in the United States, with nearly $3.9 trillion in assets. It is organized into four major segments--consumer and community banking, corporate and investment banking, commercial banking, and asset and wealth management. JPMorgan operates, and is subject to regulation, in multiple countries.
<h3>Understanding the Numbers: JPMorgan Chase's Finances</h3>
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Revenue Growth: JPMorgan Chase's remarkable performance in 3 months is evident. As of 31 March, 2024, the company achieved an impressive revenue growth rate of 9.28%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Financials sector.
Net Margin: JPMorgan Chase's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 30.88% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 4.26%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): JPMorgan Chase's ROA excels beyond industry benchmarks, reaching 0.32%. This signifies efficient management of assets and strong financial health.
Debt Management: JPMorgan Chase's debt-to-equity ratio is below the industry average at 1.44, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>How Are Analyst Ratings Determined?</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What Analysts Are Saying About JPMorgan Chase Stock

Evercore ISI Group analyst Glenn Schorr maintains JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) with a Outperform and maintains $210 price target.

Evercore ISI Group Maintains Outperform on JPMorgan Chase, Maintains $210 Price Target

Per the Federal Reserve, following the clearance of the 2024 annual stress test, Truist Financial Corporation&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tfc#NYSE">TFC</a>) preliminary stress capital buffer (SCB) requirement is 2.8%. This excludes the impact of the sale of Truist Insurance Holdings and the balance sheet repositioning that occurred on May 6. 
While the company&#39;s final SCB requirement will be determined on or before Aug 31, 2024, the new SCB requirement, once finalized, will be in effect from Oct 1, 2024, to Sep 30, 2025. 
TFC&#39;s board of directors has authorized a share repurchase program worth $5 billion through 2026, expected to begin in the third quarter of 2024. 
Earlier, management had said that share repurchases were not a priority as the company was seeking to maintain higher capital levels. However, now, since the divestiture of the remaining stake in its insurance subsidiary is complete, TFC is in a position to resume buybacks. 
Moreover, subject to approval from its board of directors, Truist plans to maintain its current quarterly common stock dividend of 52 cents per share. 
While TFC hiked its quarterly dividend by 8.3% in 2022, the bank maintained the quarterly dividend at 52 cents, even after the clearance of the 2023 stress test. 
Driven by a strong capital position and earnings strength, the company is expected to sustain enhanced capital distributions in the future. 
Bill Rogers, the chairman and CEO of TFC stated, &quot;Truist&#39;s 2024 annual stress test results again demonstrate the benefits of our diverse business mix and prudent and disciplined risk management culture. The net impact from the sale of TIH and the balance sheet repositioning, completed in May 2024, solidify Truist&#39;s strong liquidity and capital positions, increasing our first-quarter 2024 pro-forma CET1 ratio to 11.4%.&quot; 
Notably, the stress tests, mandated under the Dodd-Frank financial services law, were introduced in the aftermath of the 2008 financial crisis. They help evaluate banks&#39; capital adequacy, liquidity and risk management practices under adverse hypothetical scenarios, such as a deep recession and/or a sharp decline in asset prices. 
This time, all of Wall Street&#39;s 31 banks cleared the Fed&#39;s stress test. Thus, the banks are in a position to return excess capital to shareholders via dividends and share repurchases. 
To name a few, JPMorgan (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jpm#NYSE">JPM</a>) and Morgan Stanley (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ms#NYSE">MS</a>) are enhancing capital distribution plans post clearance of the test. JPM approved a new common share repurchase program totaling $30 billion, beginning Jul 1, 2024. MS has renewed a multi-year common equity share repurchase program of up to $20 billion, effective from the third quarter of 2024, with no specified expiration date. 
At present, TFC carries a Zacks Rank #3 (Hold).
<a href="https://www.zacks.com/stock/news/2296149/truist-tfc-declares-scb-rewards-shareholders-with-buyback-plan?cid=CS-BENZ-FT-analyst_blog|company_news_finance_sector-2296149">To read this article on Zacks.com click here.</a>

Earnings

Buybacks

Truist Declares SCB, Rewards Shareholders With Buyback Plan

Drug traffickers chose to launder money through Citigroup Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) because they believed the bank had less stringent fraud controls, according to senior U.S. law enforcement officials, the Financial Times <a target="_blank" href="https://www.ft.com/content/0187827b-f755-47fd-91ff-c3e755548097" rel="noreferrer noopener">reports</a>.
In a recent indictment, U.S. prosecutors detailed how two California residents, allegedly linked to the Sinaloa cartel, deposited tens of thousands of dollars into Citi ATMs.
Benzinga has contacted Citi for comments and will update the story with their response.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39536951/bank-stress-tests-much-bigger-surprise-than-expected-will-delay-future-investment-p" rel="noreferrer noopener">Bank Stress Tests &#8216;Much Bigger Surprise Than Expected,&#8217; Will Delay Future Investment Plans: JPMorgan</a>.
The duo allegedly deposited almost $36,000 in January 2021 in increments below the $10,000 threshold that triggers reporting to the U.S. Treasury, avoiding detection by splitting the sum into dozens of smaller deposits.
Citing the Drug Enforcement Administration (DEA), the FT highlighted the duo, Guillermo Zambrano and Luis Belandria-Contreras, were part of a larger network that laundered over $50 million in fentanyl and methamphetamine proceeds in the U.S.
They reportedly scouted several banks before deciding on Citi. A senior DEA official stated that the pair made multiple back-to-back deposits, a pattern that should have raised suspicions.
Despite this, Citi&#8217;s systems did not flag the transactions, the Financial Times <a target="_blank" href="https://www.ft.com/content/0187827b-f755-47fd-91ff-c3e755548097" rel="noreferrer noopener">report</a> added.
The indictment also implicated another defendant, Jiayong Yu, who allegedly deposited a cashier&#8217;s check and $100,000 at JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) ATMs. Chase was not suggested to have failed in flagging the transaction. Yu has pleaded not guilty.
Law enforcement officials have long warned that Mexican drug traffickers and Chinese accomplices are increasingly adept at laundering cash through legitimate banking channels.
The Department of Justice fined HSBC Holdings plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSBC#NYSE">HSBC</a>) $1.9 billion in 2012 for failing to prevent cartel money laundering, highlighting the evolving sophistication of these schemes.
Martin Estrada, U.S. Attorney for the Central District of California, explained that Chinese money-laundering groups help wealthy Chinese nationals obtain cash in the U.S. to circumvent Chinese export controls, creating a mutually beneficial arrangement with drug cartels, the FT report added.
This collaboration has resulted in vast amounts of illicit cash, driven by the surge in fentanyl trafficking. Monitoring these transactions has become increasingly challenging for law enforcement as the schemes grow more sophisticated.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39584564/us-banks-to-benefit-from-higher-for-longer-interest-rates-goldman-sachs-sees-modest" target="_blank" rel="noreferrer noopener">US Banks To Benefit From &#8216;Higher For Longer&#8217; Interest Rates: Goldman Sachs Sees &#8216;Modestly Attractive Entry Point&#8217; For Investors</a></li>
</ul>
Price Action: C shares are up 1.01% at $64.07 at the last check on Tuesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock

Large Cap

Legal

HSBC

Drug Traffickers Exploited Citigroup ATMs For Money Laundering: Report

JP Morgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) has reportedly appointed Nazim Ali as the head of its technology <a href="https://www.benzinga.com/top-stories/24/07/39586631/5-biggest-winners-5-biggest-losers-from-dow-jones-industrial-average-in-first-half-2024" target="_blank" rel="noreferrer noopener">vertical for Asia within its private bank.</a>
This move is part of the company&#8217;s efforts to deepen relationships with technology entrepreneurs in the region, Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-07-02/jpmorgan-private-bank-names-nazim-ali-head-of-tech-for-asia?srnd=technology-vp&amp;sref=TBDibEcD" rel="noreferrer noopener">reported</a>, citing an internal memo.
Ali, stationed in Singapore, will report to Tomas Pierucci, overseeing international tech disruptors, and Harshika Patel, CEO of the Asia private bank, as per an internal memo verified by a bank spokeswoman, Bloomberg added.
Read Also:<a target="_blank" href="https://www.benzinga.com/news/24/06/39563519/us-banks-bump-up-dividends-following-feds-successful-stress-test" rel="noreferrer noopener"> US Banks To Benefit From &#8216;Higher For Longer&#8217; Interest Rates: Goldman Sachs Sees &#8216;Modestly Attractive Entry Point&#8217; For Investors</a>
According to the memo, the tech vertical was established several years ago to foster relationships with tech entrepreneurs, facilitating connections to the firm&#8217;s network and capital.
In his new position, Ali will collaborate with advisors to cultivate and expand business opportunities within the tech sector.
Ali&#8217;s most recent role was as the global co-head of e-commerce and technology, media, and telecommunications sales and solutions for JPMorgan Payments.
Before joining the firm in 2022, he held leadership positions at fintech companies, including Airwallex, Bloomberg added.
Meanwhile, several prominent U.S. banks, including JP Morgan, have declared their intentions to raise their dividends for the third quarter, following their successful performance <a target="_blank" href="https://www.benzinga.com/news/24/06/39563519/us-banks-bump-up-dividends-following-feds-successful-stress-test" rel="noreferrer noopener">in the Federal Reserve&#8217;s annual stress test.</a>
This decision comes in the wake of the banks proving their resilience against severe economic and market disruptions in the Federal Reserve&#8217;s yearly health assessment, reports Reuters.
The largest U.S. lender, JP Morgan has upped its dividend to $1.25 per share from $1.15 and has approved $30 billion in fresh share buybacks, effective July 1. Bank Of America Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) and Citigroup, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) have also raised their dividends to 26 cents and 56 cents per share, respectively.
Price Action: JPM shares are trading lower by 0.17% to $205.10 premarket at last check Tuesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo by Katherine Welles on Shutterstock

JP Morgan Appoints Nazim Ali To Lead Asia Tech Vertical In Private Bank Expansion: Report

Broad stock market indexes like the S&amp;P 500 hit all-time highs in the <a href="https://www.benzinga.com/markets/equities/24/06/39566020/s-p-500-ends-first-half-shy-of-all-time-highs-here-are-the-leaders-and-laggards-and-5-stocks-tha">first half of 2024.</a>
The Dow Jones Industrial Average also hit all-time highs, but saw a smaller return in the first half of the year. Here's a look at the biggest gainers and laggards in the Dow Jones Industrial Average. &nbsp;
What Happened: The<a href="https://www.benzinga.com/topic/dow-jones-industrial-average"> Dow Jones Industrial Average</a> was created in 1896 by Charles Dow and is one of the oldest and most followed equity indexes for overall stock market health. The Dow Jones Industrial Average <a href="https://www.benzinga.com/markets/equities/24/05/38902451/wall-street-jumps-back-to-record-highs-dow-hits-40-000-as-inflation-fears-recede-meme-stock-fren">hit all-time highs</a> of more than 40,000 in May 2024.
The Dow Jones Industrial Average consists of 30 stocks on a price-weighted basis. The Dow Jones Industrial Average ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>), which tracks the index, is one of the most invested and followed ETFs.
In the first half of 2024, 18 of the Dow Jones components stocks were up, with 12 stocks declining for the first half of the year.
The top five gainers for the first half of 2024 were:
<ol>
<li>Walmart Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>): +28.9%</li>
<li>Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>): +27.2%</li>
<li>American Express Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>): +23.6%</li>
<li>Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>): +18.9%</li>
<li>JPMorgan Chase &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>): +18.9%</li>
</ol>

The top five losers for the full year were:
<ol>
<li>Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>): -38.4%</li>
<li>Nike Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>): -30.6%</li>
<li>Boeing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>): -30.2%</li>
<li>McDonald's Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>): -14.1%</li>
<li>Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>): -6.8%</li>
</ol>

Read Also: Walgreens Faces Nasdaq 100 Ouster Amid Financial Woes<a href="https://www.benzinga.com/markets/equities/24/06/39540725/walgreens-faces-nasdaq-100-ouster-amid-financial-woes-super-micro-computer-eyed-as-replacement-r">; Super Micro Computer Eyed As Replacement: Report</a>

Why It's Important: Ten of the Dow Jones Industrial Average stocks were up double-digit percentage in the first half of the year.
Goldman Sachs Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), Merck &amp; Co Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRK#NYSE">MRK</a>), Walt Disney Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>), Procter &amp; Gamble Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>) and Caterpillar Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>) were also each up double digits to start the year.
Microsoft ended 2023 as the<a href="https://www.benzinga.com/news/24/01/36455419/5-biggest-winners-5-biggest-losers-from-dow-jones-industrial-average-in-2023"> third-best-performing </a>Dow Jones stock and is continuing 2024 where it left off.
Intel ranked as one of the top performers in 2023, but has fallen in 2024. The stock is <a href="https://www.benzinga.com/top-stories/24/05/39011237/exclusive-nvidia-dow-jones-inclusion-a-matter-of-when-will-it-replace-intel">mentioned by several experts</a> as a potential stock to be removed to make way for semiconductor leader NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
The Dow Jones Industrial Average gained a total of over 14% for 2023. The index is up 3.8% year-to-date in 2024.
While the gains are positive in both 2023 and the first half of 2024, the index is lagging behind other major stock market indexes like the S&amp;P 500. The S&amp;P 500 was up 24.2% in 2023 and is up 14.5% to start 2024.
The performance of the Dow Jones Industrial Average has also been overshadowed by the performance of the Magnificent 7 stocks in 2023 and the first half of 2024.
The Mag 7 consists of Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), Amazon.com, Apple, Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Microsoft, Nvidia and Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).
The Roundhill Magnificent Seven ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAGS#NASDAQ">MAGS</a>), which tracks the stocks, was up over 32% in the first half of 2024, outperforming both the Dow Jones Industrial Average and S&amp;P 500.
The Dow Jones Industrial Average and other stock market indexes could be closely monitoring the<a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/23/12/36416440/why-buy-stocks-in-a-presidential-election-year-history-has-a-crazy-stat-for-you" target="_blank" rel="noreferrer noopener">&nbsp;2024 presidential election</a>, which could see the new year bring gains as in past years. The Dow Jones Industrial Average was up 7.3% in 2020, 13.4% in 2016 and 7.3% in 2012, the three most recent presidential election years. The average return of the index is +5.4% over the past 16 presidential election years.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/01/36456956/dogs-of-the-dow-top-10-highest-yielding-dow-jones-stocks-how-to-get-dividends-of-3-to-">Dogs Of The Dow: Top 10 Highest Yielding Dow Jones Stocks, How To Get Dividends Of 3% to 7.4% In 2024</a></li>
</ul>
Photo: Shutterstock

5 Biggest Winners, 5 Biggest Losers From Dow Jones Industrial Average In First Half 2024

The emerging scenario of <a href="https://www.benzinga.com/topic/interest-rates">sustained high interest rates</a> could boost the profitability of U.S. banks.
That&#8217;s according to Goldman Sachs analyst Richard Ramsden who, in a Monday note, expressed cautious optimism for the second-quarter earnings season.
Among the first to report <a href="https://www.benzinga.com/earnings">on July 12</a> are JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), Wells Fargo &amp; Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), and Bank Of New York Mellon Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>). Goldman Sachs Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) and Bank of America Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) will follow with their reports on July 15 and 16, respectively.
<h3 class="wp-block-heading">Analyst&#8217;s Optimism Ahead Of Banks&#8217; Q2 Earnings</h3>
&#8220;In the higher for longer rate environment, long rate-sensitive assets continue to reprice higher, and deposit cost pressure is slowing,&#8221; Ramsden wrote.
Goldman Sachs anticipates that banks will, on average, report a 7% year-on-year (YoY) revenue growth for the quarter. Trading revenue growth is expected to be a robust segment, projected to average 6% in Q2 2024 and 3% for the year, compared to 2% after fourth quarter 2023 earnings.
Goldman Sachs projects an 8% YoY increase in Q2 2024 fees, led by a 35% rise in investment banking fees, an 11% increase in wealth and asset management fees due to stronger markets, and a rise in mortgage fees from a low base.
<h3 class="wp-block-heading">Key Risks For Banks</h3>
Loan growth remains modest, primarily driven by weak demand for commercial loans, though underwriting standards for both commercial and consumer loans have eased since their peak in the second half of 2023. 
Goldman Sachs also foresees a continuing deterioration in banks&#8217; credit assets, especially those tied to credit cards and commercial real estate, although they are expected to remain above pre-COVID levels through 2026.
In the near term, banks&#8217; willingness to increase buybacks will likely be tempered by pressures on Stress Capital Buffers (SCBs), Global Systemically Important Banks (G-SIBs) buffers, and Supplementary Leverage Ratios (SLRs).
<h3 class="wp-block-heading">Attractive Valuations</h3>
Valuation remains slightly attractive, with large banks trading at approximately 1.5 times their estimated tangible book value (TBV) for 2025 on average, including Accumulated Other Comprehensive Income (AOCI) impacts (and about 1.4 times after adding back AOCI). 
Large banks are now trading at roughly 55% of the S&amp;P 500 price-to-earnings ratio, compared to a historical average discount of 61%. 
&#8220;This discount presents a potentially modestly attractive entry point, given the diminishing headwinds for banks and the possibility of upside potential following the U.S. election,&#8221; Ramsden stated. 
<h3 class="wp-block-heading">Top Bank Stock Picks</h3>
Goldman Sachs remains positive on Buy-rated Bank of America (BAC), Wells Fargo (WFC), and Citigroup (C). For BAC, the firm is constructive on its Net Interest Income (NII) trajectory through 2024, which is expected to trough in Q2 and reaccelerate later in the year. 
For WFC, earnings upside is anticipated once the asset cap is lifted, allowing for reinvestment to regain lost deposit market share and support growth in traditional banking and trading, alongside idiosyncratic expense savings.
Goldman Sachs projects a 3% higher Pre-provision Net Revenue (PPNR) for WFC compared to consensus, driven by a 3% increase in fee income and core expenses for the quarter in line with expectations.
<h3 class="wp-block-heading">Price Targets and Upside Potential</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Bank</th>
<th>Stock Price on 7/1</th>
<th>Goldman Sachs Price Target</th>
<th>Upside Potential</th>
</tr>
</thead>
<tbody>
<tr>
<td>Wells Fargo</td>
<td>$60.44</td>
<td>$71</td>
<td>17.5%</td>
</tr>
<tr>
<td>Morgan Stanley</td>
<td>$99.09</td>
<td>$112</td>
<td>13%</td>
</tr>
<tr>
<td>Citigroup</td>
<td>$63.46</td>
<td>$72</td>
<td>13.4%</td>
</tr>
<tr>
<td>Bank of America</td>
<td>$39.97</td>
<td>$45</td>
<td>12.9%</td>
</tr>
<tr>
<td>JPMorgan Chase &amp; Co.</td>
<td>$205.90</td>
<td>$227</td>
<td>10.3%</td>
</tr>
<tr>
<td>U.S. Bancorp (USB)</td>
<td>$39.19</td>
<td>$42</td>
<td>7%</td>
</tr>
</tbody>
</table>
</figure>
Read Now: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39556989/goldman-sachs-the-worst-for-commercial-real-estate-market-may-be-over-but-it-is-lik">Goldman Sachs: The Worst For Commercial Real Estate Market May Be Over, But &#8216;It Is Likely To Take Longer To Inflect Positive</a>&#8216;</li>
</ul>

Analyst Color

Macro Economic Events

Econ #s

US Banks To Benefit From 'Higher For Longer' Interest Rates: Goldman Sachs Sees 'Modestly Attractive Entry Point' For Investors

WIIM

JPMorgan Chase shares are trading higher after the company on Friday raised its dividend and authorized a buyback program.

JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) has outperformed the market over the past 10 years by 3.23% on an annualized basis producing an average annual return of 13.99%. Currently, JPMorgan Chase has a market capitalization of $593.20 billion. 
Buying $100 In JPM: If an investor had bought $100 of JPM stock 10 years ago, it would be worth $364.51 today based on a price of $206.57 for JPM at the time of writing.
<h3>JPMorgan Chase's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1719856817_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In JPMorgan Chase 10 Years Ago Would Be Worth This Much Today

Several prominent U.S. banks have declared their intentions to raise their dividends for Q3, following their successful performance in the Federal Reserve&#8217;s annual stress test.
What Happened: U.S. banks such as JPMorgan Chase &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), Bank of America Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), and Citigroup Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) have decided to increase their dividends for the third quarter. 
This decision comes in the wake of the banks proving their resilience against severe economic and market disruptions in the Federal Reserve&#8217;s yearly health assessment, reports Reuters. 
The largest U.S. lender, JPMorgan Chase, has upped its dividend to $1.25 per share from $1.15 and has approved $30 billion in fresh share buybacks, effective July 1. Bank of America and Citigroup have also raised their dividends to 26 cents and 56 cents per share, respectively.
Brian Mulberry, a client portfolio manager at Zacks Investment Management, told the outlet, &#8220;Banks are going to remain conservative on capital as uncertainty over the Basel proposal remains.&#8221;
Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) and Goldman Sachs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) have also declared dividend increases to 92.5 cents and $3 per share, respectively. These announcements were made after the banks&#8217; successful completion of the Fed&#8217;s stress test earlier this week, which assesses the capital they need to reserve before they can distribute money to shareholders.
Also Read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39531404/bank-of-america-analyst-highlights-fed-stress-test-opacity-varying-bank-impacts-gol">Bank of America Analyst Highlights Fed Stress Test Opacity, Varying Bank Impacts: &#8216;Goldman Sachs Worst Hit, Huntington Best&#8217;</a>
Goldman Sachs&#8217; CEO David Solomon said, according to Reuters, &#8220;This increase does not seem to reflect the strategic evolution of our business and the continuous progress we've made to reduce our stress loss intensity.&#8221;
Wells Fargo &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) also announced a dividend increase to 40 cents. This year, 31 large banks were tested, compared to 23 last year. 
The evaluations demonstrated that banks would have sufficient capital to continue lending under several scenarios, including a significant rise in unemployment, extreme market volatility, and drops in residential and commercial mortgage markets.
Why It Matters: The Federal Reserve&#8217;s annual stress test is a critical measure of a bank&#8217;s ability to withstand economic and market disruptions. 
The successful performance of these banks in the test and their subsequent decision to raise dividends indicates their robust financial health and resilience. 
This move is likely to boost investor confidence and could potentially lead to an increase in their stock prices.
Now Read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39525918/major-banks-fall-short-in-feds-2024-stress-test-results-the-market-will-view-the-re">Fed&#8217;s 2024 Stress Test Results Worse Than Expected, Says Goldman Analyst: &#8216;The Market Will View The Results As Disappointing&#8217;</a>
This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo: Shutterstock

US Banks Bump Up Dividends Following Fed's Successful Stress Test

Dividends

JPMorgan Chase To Increase Dividend From $1.15 To $1.25/Share, Authorizes $30B Buyback Program

Investors with a lot of money to spend have taken a bearish stance on JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with JPM, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 41 uncommon options trades for JPMorgan Chase.
This isn't normal.
The overall sentiment of these big-money traders is split between 39% bullish and 48%, bearish.
Out of all of the special options we uncovered, 8 are puts, for a total amount of $377,246, and 33 are calls, for a total amount of $1,974,945.
<h3>What's The Price Target?</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $150.0 and $240.0 for JPMorgan Chase, spanning the last three months.
<h3>Volume &amp; Open Interest Development</h3>
In today's trading context, the average open interest for options of JPMorgan Chase stands at 2420.41, with a total volume reaching 9,969.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in JPMorgan Chase, situated within the strike price corridor from $150.0 to $240.0, throughout the last 30 days.
<h3>JPMorgan Chase Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1719598593_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>JPM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$27.75</td>
<td>$27.75</td>
<td>$27.75</td>
<td>$180.00</td>
<td>$138.7K</td>
<td>3.5K</td>
<td>153</td>
</tr>
<tr>
<td>JPM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$27.5</td>
<td>$27.5</td>
<td>$27.5</td>
<td>$180.00</td>
<td>$137.5K</td>
<td>3.5K</td>
<td>103</td>
</tr>
<tr>
<td>JPM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$12.75</td>
<td>$12.7</td>
<td>$12.75</td>
<td>$205.00</td>
<td>$98.1K</td>
<td>380</td>
<td>52</td>
</tr>
<tr>
<td>JPM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$53.4</td>
<td>$53.15</td>
<td>$53.15</td>
<td>$150.00</td>
<td>$95.6K</td>
<td>1.6K</td>
<td>0</td>
</tr>
<tr>
<td>JPM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>07/05/24</td>
<td>$2.66</td>
<td>$2.65</td>
<td>$2.66</td>
<td>$200.00</td>
<td>$90.1K</td>
<td>3.4K</td>
<td>1.7K</td>
</tr>
</tbody>
</table>

<h3>About JPMorgan Chase</h3>
JPMorgan Chase is one of the largest and most complex financial institutions in the United States, with nearly $3.9 trillion in assets. It is organized into four major segments--consumer and community banking, corporate and investment banking, commercial banking, and asset and wealth management. JPMorgan operates, and is subject to regulation, in multiple countries.
After a thorough review of the options trading surrounding JPMorgan Chase, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Present Market Standing of JPMorgan Chase</h3>
<ul>
<li>Trading volume stands at 4,761,021, with JPM's price up by 1.21%, positioned at $201.57.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 14 days.</li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for JPMorgan Chase, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Spotlight on JPMorgan Chase: Analyzing the Surge in Options Activity

Ten major banks, including Goldman Sachs Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), and BNP Paribas SA (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BNPQF#OTC">BNPQF</a>), have agreed to pay a combined $46 million to resolve a long-standing lawsuit. The banks have been accused of conspiring to stifle competition in interest-rate swaps trading.
What Happened: The banks have denied any wrongdoing but have chosen to settle the antitrust lawsuit filed by investors over eight years ago. The settlement was submitted to a New York federal court on Thursday. The plaintiffs have requested that U.S. District Judge Paul Oetken grant preliminary approval, Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-06-27/big-banks-to-pay-46-million-to-settle-swaps-collusion-claims">reported</a> on Thursday.
Other banks involved in the settlement include Bank of America Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), Credit Suisse Group AG which is now owned by UBS Group AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBS#NYSE">UBS</a>), Barclays Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BCS#NYSE">BCS</a>), Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), Deutsche Bank AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DB#NYSE">DB</a>), Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>), and NatWest Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NWG#NYSE">NWG</a>).
See Also: <a href="https://www.benzinga.com/markets/equities/24/06/39493817/cathie-wood-led-ark-invest-dumps-4-3m-worth-of-nvidia-shares-amid-rebound-swoops-into-buy-stock-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Cathie Wood-Led Ark Invest Dumps $4.3M Worth Of Nvidia Shares Amid Rebound — Swoops Into Buy Stock Of This Netflix Rival</a>
The lawsuit, which is part of a series of litigations brought by public pension plans against major banks, alleges collusion across various markets, including interbank rates, currencies, and credit default swaps. The banks are accused of blocking electronic trading platforms from entering these markets to control prices and increase profits.
"The settlement represents an excellent recovery for the class given the challenges and uncertainties of further litigation," the plaintiffs&#8217; attorneys stated in their filing on Thursday.
Why It Matters: The settlement comes after the judge in December denied class-action status to the claims, which significantly weakened the case. Despite the denial, the settlement represents a significant recovery for the plaintiffs given the challenges and uncertainties of further litigation, according to Bloomberg Intelligence analyst.
The banks contended that investors suffered no harm, citing data indicating that many trades did not yield profits or resulted in losses. The plaintiffs disputed the occurrence of any trades with negative returns. 
However, the judge declined to approve class-action status, stating that the plaintiffs did not effectively counter the defendants&#8217; argument that there were numerous trades with zero or negative returns during the period in question.
Recently, the Federal Reserve's annual stress tests revealed that major banks, including JPMorgan and Bank of America, faced higher-than-expected <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39536951/bank-stress-tests-much-bigger-surprise-than-expected-will-delay-future-investment-p">stress capital buffers</a>, leading to increased capital requirements. 
This development follows a recent report on the <a href="https://www.benzinga.com/etfs/specialty-etfs/24/06/39141521/goldman-sachs-jpmorgan-and-wells-fargo-lead-bank-stocks-surge-as-investors-bet-on-soft-landin">surge in large bank stocks</a>, including Goldman Sachs and JPMorgan, amid expectations of interest rate policy and optimism for an economic &#8220;soft landing.&#8221; 
Moreover, the 2024 Fed stress tests indicated that while large banks <a href="https://www.benzinga.com/markets/equities/24/06/39513681/fed-stress-test-2024-large-banks-face-greater-losses-but-maintain-strong-capital-positions-in-se">might face greater losses</a> in a severe recession, they still maintain strong capital positions. 
Read Next: <a href="https://www.benzinga.com/markets/equities/24/06/39493523/rivian-lucid-micron-technology-novo-nordisk-tesla-why-these-5-stocks-are-on-investors-radars-tod?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">RIVN, LCID, MU, NVO, TSLA: Top 5 Trending Stocks Today</a>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Global

BNPQF

Goldman Sachs, JPMorgan, BNP Paribas And Other Big Banks To Pay $46M To Settle Swaps Collusion Case

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>RILY</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/05/24</td>
<td>$18.00</td>
<td>$34.9K</td>
<td>3.0K</td>
<td>2.4K</td>
</tr>
<tr>
<td>JPM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/19/24</td>
<td>$200.00</td>
<td>$59.1K</td>
<td>11.1K</td>
<td>1.9K</td>
</tr>
<tr>
<td>BAC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$38.00</td>
<td>$50.0K</td>
<td>134</td>
<td>1.4K</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/05/24</td>
<td>$225.00</td>
<td>$37.8K</td>
<td>927</td>
<td>1.2K</td>
</tr>
<tr>
<td>AXP</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/20/24</td>
<td>$240.00</td>
<td>$41.4K</td>
<td>1.3K</td>
<td>276</td>
</tr>
<tr>
<td>AFRM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$37.50</td>
<td>$27.9K</td>
<td>786</td>
<td>185</td>
</tr>
<tr>
<td>NU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$15.00</td>
<td>$155.0K</td>
<td>2.2K</td>
<td>105</td>
</tr>
<tr>
<td>V</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$280.00</td>
<td>$32.7K</td>
<td>2.8K</td>
<td>54</td>
</tr>
<tr>
<td>GS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$390.00</td>
<td>$29.4K</td>
<td>2.3K</td>
<td>9</td>
</tr>
<tr>
<td>HOOD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$26.00</td>
<td>$35.7K</td>
<td>115</td>
<td>1</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding RILY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RILY#NASDAQ">RILY</a>), we observe a put option sweep with bearish sentiment. It expires in 8 day(s) on July 5, 2024. Parties traded 250 contract(s) at a $18.00 strike. This particular put needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $34.9K, with a price of $140.0 per contract. There were 3063 open contracts at this strike prior to today, and today 2458 contract(s) were bought and sold. 
• Regarding JPM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), we observe a call option sweep with bearish sentiment. It expires in 22 day(s) on July 19, 2024. Parties traded 146 contract(s) at a $200.00 strike. This particular call needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $59.1K, with a price of $405.0 per contract. There were 11103 open contracts at this strike prior to today, and today 1947 contract(s) were bought and sold. 
• Regarding BAC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), we observe a call option sweep with bearish sentiment. It expires in 85 day(s) on September 20, 2024. Parties traded 202 contract(s) at a $38.00 strike. This particular call needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $50.0K, with a price of $248.0 per contract. There were 134 open contracts at this strike prior to today, and today 1419 contract(s) were bought and sold. 
• Regarding COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we observe a call option trade with bullish sentiment. It expires in 8 day(s) on July 5, 2024. Parties traded 52 contract(s) at a $225.00 strike. The total cost received by the writing party (or parties) was $37.8K, with a price of $728.0 per contract. There were 927 open contracts at this strike prior to today, and today 1270 contract(s) were bought and sold. 
• Regarding AXP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>), we observe a call option trade with neutral sentiment. It expires in 85 day(s) on September 20, 2024. Parties traded 60 contract(s) at a $240.00 strike. The total cost received by the writing party (or parties) was $41.4K, with a price of $690.0 per contract. There were 1369 open contracts at this strike prior to today, and today 276 contract(s) were bought and sold. 
• For AFRM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>), we notice a put option sweep that happens to be neutral, expiring in 204 day(s) on January 17, 2025. This event was a transfer of 27 contract(s) at a $37.50 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $27.9K, with a price of $1035.0 per contract. There were 786 open contracts at this strike prior to today, and today 185 contract(s) were bought and sold. 
• For NU (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NU#NYSE">NU</a>), we notice a call option trade that happens to be bullish, expiring in 141 day(s) on November 15, 2024. This event was a transfer of 2500 contract(s) at a $15.00 strike. The total cost received by the writing party (or parties) was $155.0K, with a price of $62.0 per contract. There were 2259 open contracts at this strike prior to today, and today 105 contract(s) were bought and sold. 
• Regarding V (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>), we observe a call option sweep with bullish sentiment. It expires in 85 day(s) on September 20, 2024. Parties traded 58 contract(s) at a $280.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $32.7K, with a price of $565.0 per contract. There were 2805 open contracts at this strike prior to today, and today 54 contract(s) were bought and sold. 
• Regarding GS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), we observe a call option sweep with bearish sentiment. It expires in 204 day(s) on January 17, 2025. Parties traded 4 contract(s) at a $390.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $29.4K, with a price of $7372.0 per contract. There were 2302 open contracts at this strike prior to today, and today 9 contract(s) were bought and sold. 
• Regarding HOOD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), we observe a call option trade with bullish sentiment. It expires in 204 day(s) on January 17, 2025. Parties traded 100 contract(s) at a $26.00 strike. The total cost received by the writing party (or parties) was $35.7K, with a price of $357.0 per contract. There were 115 open contracts at this strike prior to today, and today 1 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AFRM

COIN

HOOD

RILY

10 Financials Stocks With Whale Alerts In Today's Session

A Red Flag, S&P 500 Annual Returns, Top 10 Holdings

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
The best <a href="https://investorplace.com/industries/consumer-discretionary/travel/cruise/">cruise stocks</a> are sailing ahead impressively as the industry rebounds. The pandemic was a major headache for the cruise sector, presenting unprecedented challenges for cruise liners. However, we&rsquo;ve recently seen an emphatic rebound in the industry, fueled by pent-up demand for travel and leisure.



JPMorgan Research (NYSE:<a href="https://investorplace.com/stock-quotes/jpm-stock-quote/">JPM</a>) highlighted substantial acceleration post-pandemic in a recent report. The report showed that the Cruise Lines International Association (CLIA) expects <a href="https://www.jpmorgan.com/insights/global-research/travel/cruise-outlook#:~:text=The%20cruise%20industry%20has%20markedly,6%25%20more%20than%20in%202019.">about 35.7 million passengers in 2024,</a> roughly 6% more than the pre-pandemic peak in 2019. Moreover, an expected increase in <a href="https://cruising.org/en/news-and-research/press-room/2024/april/state-of-the-cruise-industry-report">cruise capacity by 10% from 2024 to 2028</a> signals a promising horizon for investors.



That said, three cruise industry giants are poised for robust post-pandemic growth while offering excellent upside. These stocks are expected to continue riding the travel resurgence wave, marked by healthy top-and-bottom-line in recent quarters. Moreover, these are the best cruise stocks trading at considerable bargains, which adds to their allure.



<h2>Best Cruise Stocks to Buy: Carnival (CCL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/10/ccl1600-300x169.png" alt="Carnival (CCL) logo sign in the night at their headquarters in Miami, Florida, USA. Carnival Cruise Line is an international cruise line."><div>Source: JHVEPhoto / Shutterstock.com</div></div>Shares of cruise giant Carnival (NYSE:<a href="https://investorplace.com/stock-quotes/ccl-stock-quote/">CCL</a>) are rallying this month after it sailed past Wall Street forecasts with superb second-quarter (Q2) results. Its impressive Q2 print showed a surge in cruise demand, propelling customer deposits to <a href="https://seekingalpha.com/news/4118878-carnival-in-charts-q2-customer-deposits-hit-an-all-time-high-of-83b?source=section%3Asummary%7Csection_asset%3Aall_news%7Cfirst_level_url%3Asymbol%7Cbutton%3ATitle%7Clock_status%3ANo%7Cline%3A8">unprecedented highs of $8.3 billion,</a> up $1.3 billion from the previous quarter.



Furthermore, a Non-GAAP EPS of 11 cents highlights the firm&rsquo;s powerful performance, blowing past analyst estimates by 13 cents. Moreover, sales were up 17.7% year-over-year (YOY) to $5.78 billion, beating estimates by a healthy $90 million. These stellar results compelled CCL&rsquo;s management to bump its full-year guidance, expecting <a href="https://seekingalpha.com/news/4118848-carnival-non-gaap-eps-of-0_11-beats-0_13-revenue-of-5_78b-beats-90m">adjusted net income of approximately $1.55 billion,</a> roughly $275 million higher than earlier projections.



CEO Josh Weinstein&rsquo;s dynamic leadership has been proven a boon for CCL. Under his leadership, the firm has optimized commercial operations while strengthening its global team. These efforts led to multiple record-breaking quarters for the company, including new highs in revenues, operating income, customer deposits and booking levels.



<h2>Royal Caribbean (RCL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/05/rcl-1600-300x169.jpg" alt="Royal Caribbean (RCL) ship at sea from an overhead view"><div>Source: ImagineStock / Shutterstock.com</div></div>Royal Caribbean (NYSE:<a href="https://investorplace.com/stock-quotes/rcl-stock-quote/">RCL</a>) is another trailblazer in the cruise line industry that&rsquo;s enjoyed a superb run-up in value in the past year. RCL stock <a href="https://seekingalpha.com/symbol/RCL/momentum/performance" target="_blank">is up north of 50%</a> in the past 12 months, marked by spectacular top-line growth.



The excellent uptrend in its results is fueled by a record Wave Season and phenomenal April bookings in terms of volume and pricing. Its first-quarter (Q1) results showed a 29% jump in revenues to $3.73 billion, beating estimates by $39 million. Moreover, its EPS of $1.77 beat estimates by 46 cents. In commenting on these terrific results, CEO Jason Liberty highlighted the strong performance of their fleet, especially the new Icon of the Seas, which surpassed all expectations.



Moreover, despite this year&rsquo;s momentum, RCL attracts a Strong Buy rating, <a href="https://www.tipranks.com/stocks/rcl/forecast" target="_blank">with a 10% upside from current prices.</a> Hence, RCL&rsquo;s momentum clearly indicates its powerful market position and promising long-term outlook in its niche.



<h2>Norwegian Cruise Line Holdings (NCLH)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/nchl_norwegian_cruise_lines1600-300x169.png" alt="NCL, NORWEGIAN CRUISE LINE (NCHL) SHIP GETAWAY, 13 July 2017 : Cruise liner Getaway are docked in Port of Sant Petersburg."><div>Source: Nazar Skladanyi / Shutterstock.com</div></div>Norwegian Cruise Line Holdings (NYSE:<a href="https://investorplace.com/stock-quotes/nclh-stock-quote/">NCLH</a>) stands out as a leading value pick in the cruise industry <a href="https://seekingalpha.com/symbol/NCLH/momentum/performance?source=section%3Asearch_bar%7Ccontent_type%3Aall%7Csection_asset%3Asearch-basic%7Csearch_item%3Anclh%7Crow_num%3A1%7CURL_first_level%3Asymbol%7Ctopic%3Asymbol">after shedding 19%</a> over the past year and an 11% decline YTD. The firm continues delivering stellar financial performance, attracting <a href="https://d1io3yog0oux5.cloudfront.net/_d87c0f33fa33a525133f7c45c558f217/nclhltd/db/1086/11470/pdf/Investor+Day+Deck+vF+Web.pdf">high-net-worth clients</a> while appealing to the growing millennial and Gen-Z demographics. Norwegian&rsquo;s management has noted this shift as one of the top drivers for its expansion.



Recent results have been impressive, with its top line growing upwards of 20.3% YOY in Q1 and a <a href="https://seekingalpha.com/article/4687979-norwegian-cruise-line-holdings-ltd-2024-q1-results-earnings-call-presentation">7-cent</a> earnings beat. Moreover, its management bumped forward guidance following indications following another quarter of record bookings.



The management expects NCLH to raise its adjusted EBITDA guidance by $5 million to $2.25 billion and its adjusted EPS guidance to $1.32 from $1.23, a couple of cents higher than forecasts. Adding to the optimism, analysts at Truist recently bumped NCLH to a Buy, pointing to the stock&rsquo;s attractive upside potential. This endorsement underscores the healthy outlook for Norwegian as it continues innovating.



On the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines.</a>



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
<div>Muslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor&rsquo;s of science degree in applied accounting from Oxford Brookes University.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/07/the-3-best-cruise-stocks-to-buy-in-july-2024/">The 3 Best Cruise Stocks to Buy in July 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

The 3 Best Cruise Stocks to Buy in July 2024

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
The market for initial public offerings (IPOs), featuring promising new IPOs, has rebounded strongly in 2024, with the number of offerings surpassing last year&rsquo;s total by 40%. The combined valuation of this year&rsquo;s IPOs has more than doubled compared to the previous year, sparking speculation about future public offerings.



Despite this upturn, the IPO market is still recovering from a 2021 surge when 396 companies went public. According to Goldman Sachs, only <a href="https://fortune.com/2024/06/24/ipos-goldman-reddit-astera-labs-databricks-shein/" target="_blank">16.4% of the 2021 IPOs</a> are trading above their offer price, with approximately 84% below their initial value.



The tech sector is waiting for better market conditions or for businesses to grow into their valuations before going public. Goldman Sachs strategists note that while more IPOs are occurring now than in the past two years, the volume remains behind historical levels and significantly lower than in 2021.



A valuation gap persists between companies seeking to go public and investor expectations. The upcoming presidential election is expected to influence the IPO market, with many companies likely to postpone their public debuts until after the political uncertainty settles.



Industry experts anticipate a more normalized IPO market in 2025, potentially featuring multiple tech company IPOs each week. Currently, about 191 companies are in the pipeline to go public, though many may delay their listings.



Here are three promising new IPOs to consider following their market debut.



<h2>Tempus AI (TEM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/08/maia1600-300x169.png" alt="science laboratory test tubes , laboratory equipment, MAIA Biotechnology, MAIA stock"><div>Source: PowerUp / Shutterstock.com</div></div>Among the promising new IPOs, Tempus AI (NASDAQ:<a href="https://investorplace.com/stock-quotes/tem-stock-quote/">TEM</a>) specializes in the application of artificial intelligence (AI) to process medical data, aiming to assist doctors in delivering more effective treatments to patients. Tempus AI&rsquo;s innovative approach to analyzing medical tests has garnered significant attention in the healthcare industry.



Shares in this healthcare technology company soared on its Nasdaq stock market debut. The company saw its shares open at $40, exceeding the initial public offering (IPO) price by $3. During the trading session, the stock witnessed a significant jump, nearly 18%, <a href="https://thetradinganalyst.com/consensus-estimate/#:~:text=jumping%20nearly%2018%25%20during%20the%20session%20to%20peak%20at%20%2443.64" target="_blank">reaching $43.64 at its peak</a>.&nbsp;



In its IPO, Tempus AI successfully sold 11.1 million shares, with the final price of $37 per share sitting at the upper limit of its anticipated price range of $35 to $37. The company announced that the IPO proceeds amounted to $410.7 million, aligning with the higher end of their target.



Among the notable investors in Tempus AI is Alphabet (NASDAQ:<a href="https://investorplace.com/stock-quotes/googl-stock-quote/">GOOGL</a>), the parent company of Google, indicating strong backing from a leading player in the technology sector. The company&rsquo;s leadership includes Founder and CEO Eric Lefkofsky, who is also known for founding the e-commerce marketplace Groupon.&nbsp;



Lefkofsky shared with CNBC his <a href="https://www.cnbc.com/video/2024/06/14/tempus-ai-ceo-eric-lefkofsky-on-going-public-its-been-an-incredible-journey.html" target="_blank">optimism</a> about the company&rsquo;s financial future, projecting that Tempus AI is on track to become cash flow positive and adjusted EBITDA positive by sometime in 2025, despite currently operating at a loss.



<h2>Waystar (WAY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/10/financial-chart-graphic-fintech-1600-300x169.jpg" alt="Graphic of side view of virtual financial charts with tech aesthetic, symbolizing fintech"><div>Source: shutterstock.com/whiteMocca</div></div>Waystar (NASDAQ:<a href="https://investorplace.com/stock-quotes/way-stock-quote/">WAY</a>), a key player among this year&rsquo;s promising new IPOs, is a healthcare payments company, that recently debuted on the U.S. stock market. Its initial public offering (IPO) was priced at $21.50 per share, opening slightly lower at $21. Despite a revenue increase, shares closed at $20.70 on the first trading day, falling short of expectations within the anticipated $20 to $23 range.



The company is known for providing healthcare payment and revenue cycle management solutions and now trades under the ticker symbol &ldquo;WAY.&rdquo; This IPO marks a significant development amid a cautious environment for tech firms, influenced by economic concerns following the bull market downturn in late 2021. Notably, Waystar is the first digital health company to go public in 2023.



Founded in 2017 through the merger of Navicure and ZirMed, Waystar processes over 5 billion payment transactions annually. CEO Matt Hawkins <a href="https://www.cnbc.com/2024/06/07/waystar-shares-slip-in-debut-after-pricing-ipo-in-middle-of-range-.html" target="_blank">highlighted</a> the public listing&rsquo;s benefits, including increased awareness and credibility, and the opportunity for further investments, particularly in generative AI technologies.



For the quarter ending March 31, Waystar reported revenues of $224.8 million, an 18% increase from the previous year&rsquo;s $191.1 million. However, the company also disclosed a widened net loss of $15.9 million for the quarter, compared to a $10.6 million loss in the same period last year.



<h2>Webtoon Entertainment (WBTN)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/ipo-going-public-300x169.jpg" alt='"Going Public" is displayed in white text on a digital ticker tape.'><div>Source: Shutterstock</div></div>Webtoon Entertainment (NASDAQ:<a href="https://investorplace.com/stock-quotes/wbtn-stock-quote/">WBTN</a>) set its share price at the high end of its targeted range, successfully raising $315 million. The online comics company, supported by South Korea&rsquo;s Naver Corp., offered 15 million shares priced between $18 and $21. The IPO pricing gives Webtoon a market valuation of approximately $2.7 billion.



The interest from major investors was evident as BlackRock Inc. (NYSE:<a href="https://investorplace.com/stock-quotes/blk-stock-quote/">BLK</a>) managed accounts expressed their intention to purchase up to $50 million worth of shares, highlighting confidence in the company&rsquo;s market debut.&nbsp;



Naver Corp., a conglomerate known for its diverse online services, will retain control of over 60% of Webtoon&rsquo;s shares post-offering. Moreover, Tokyo-based LY Corp. will hold a significant stake of around 25%.



Webtoon has established a substantial user base, connecting 24 million creators with roughly 170 million monthly active users across more than 150 countries. Despite its impressive reach and $1.28 billion in revenue last year, the company reported a net loss of $145 million.&nbsp;



The interest in webtoons has surged, particularly in the United States, positioning the digital comics platform as one of South Korea&rsquo;s prominent cultural exports, alongside K-pop and television dramas.



The IPO is managed by an array of financial institutions, including Goldman Sachs, Morgan Stanley (NYSE:<a href="https://investorplace.com/stock-quotes/ms-stock-quote/">MS</a>), JPMorgan Chase (NYSE:<a href="https://investorplace.com/stock-quotes/jpm-stock-quote/">JPM</a>), and Evercore (NYSE:<a href="https://investorplace.com/stock-quotes/evr-stock-quote/">EVR</a>).&nbsp;



On the date of publication, Shane Neagle did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://protect-us.mimecast.com/s/XtC3C1wq33iErOvYSGOsXg?domain=investorplace.com/">Publishing Guidelines</a>.
<div>Shane Neagle is fascinated by the ways in which technology is poised to disrupt investing. He specializes in fundamental analysis and growth investing.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/07/ipo-watch-3-new-stocks-worth-a-strong-look/">IPO Watch: 3 New Stocks Worth a Strong Look</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

IPO Watch: 3 New Stocks Worth a Strong Look

JPMorgan's Lake says customers should be ready to pay for bank accounts-report

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Crude oil prices have started to move higher after a period of moving lower due to the lack of upside catalysts, presenting opportunities for <a href="https://investorplace.com/industries/energy/oil/">oil stocks</a> to buy on dip. The recent trend has been driven by optimistic demand forecasts for summer fuel consumption and a decline in U.S. crude inventories.



The Organisation of the Petroleum Exporting Countries (OPEC) and its allies, on June 3, agreed to maintain <a href="https://www.reuters.com/business/energy/opec-seen-prolonging-cuts-2024-into-2025-two-sources-say-2024-06-02/" target="_blank">oil output cuts of 2.2 million</a> barrels per day until the end of September, with a gradual easing of the cuts starting in October. This initially led to a dip in oil prices during that week; however, prices rebounded from June 5.



In the U.S., the Energy Information Administration (EIA) reported a significant drop in crude oil inventories by 2.5 million barrels to 457 million barrels for the week ending June 14, surpassing analyst expectations of a 2.2 million barrel decrease. This level is 4% below the five-year average for the same time frame. Moreover, gasoline stockpiles fell by 2.3 million barrels, the first reduction since May 17.



Demand for oil is on the rise, with JP Morgan Chase (NYSE:<a href="https://investorplace.com/stock-quotes/jpm-stock-quote/">JPM</a>) noting a post-pandemic peak of 9.4 million barrels per day in U.S. fuel consumption for the week ending June 14. Expectations are for demand to continue climbing as the Independence Day holiday approaches, with an estimated 71 million Americans planning to travel.&nbsp;



Global demand also increased by 1.4 million barrels per day, with China&rsquo;s fuel demand projected to rise by 1.7% in 2024.



<h2>SLB (SLB)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/02/schlumberger_slb1600-300x169.jpg" alt="slb stock"><div>Source: Valentin Martynov / Shutterstock.com</div></div>SLB (NYSE:<a href="https://investorplace.com/stock-quotes/slb-stock-quote/">SLB</a>), formerly Schlumberger, is a leading oilfield services company offering technology and expertise in drilling, production, and reservoir management. Investing in SLB provides exposure to the energy sector&rsquo;s technological advancements and operational efficiencies, making it one of the oil stocks to buy on dip.



Benchmark analysts expressed <a href="https://www.investing.com/news/stock-market-news/buy-this-energy-stock-as-valuation-is-near-crisis-lows-benchmark-3502330" target="_blank">a bullish stance</a> on Schlumberger recently, recommending investors to consider the stock undervalued. Benchmark suggests that now is the time to either start a new long position, add to an existing one, or cover a short position in Schlumberger shares.



The brokerage firm argues that Schlumberger&rsquo;s stock is currently mispriced when compared to the company&rsquo;s fundamental reality. They believe the current stock price represents a significant buying opportunity, noting that it is near the levels observed during major downturns such as the 2008 financial crisis and the COVID-19 pandemic.



The analysts also highlight Schlumberger&rsquo;s recent acquisition of ChampionX (NASDAQ:<a href="https://investorplace.com/stock-quotes/chx-stock-quote/">CHX</a>), which they believe strengthens the company&rsquo;s position in the production sector. Despite Schlumberger&rsquo;s solid financials, the valuation remains below historical averages, presenting what Benchmark describes as a significant &ldquo;multiple reversion&rdquo; opportunity.



According to their analysts, a combination of low valuation, robust financial health, and positive growth catalysts make Schlumberger stock a compelling investment opportunity.



<h2>Chevron (CVX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/03/cvx1600-300x169.jpg" alt="Chevron logo on blue sign in front of skyscraper building"><div>Source: Jeff Whyte / Shutterstock.com</div></div>Chevron (NYSE:<a href="https://investorplace.com/stock-quotes/cvx-stock-quote/">CVX</a>) is a major energy corporation involved in oil, gas, and renewable energy. With a robust balance sheet, Chevron offers long-term growth potential and reliable returns.



For the first calendar quarter, Chevron reported a decline in its first-quarter profit by 16% to <a href="https://tokenist.com/chevrons-mixed-q1-2-93-adj-eps-48-72-b-in-revenue/" target="_blank">$5.5 billion, or $2.97 per share</a>, compared to $6.57 billion, or $3.46 per share, in the same quarter last year.&nbsp;



The oil giant&rsquo;s adjusted earnings per share of $2.93 surpassed the anticipated $2.87 by analysts surveyed by LSEG. However, revenue fell short of expectations at $48.72 billion versus the forecasted $50.66 billion, marking a decrease from $50.79 billion a year prior.



The company cited lower sales margins at its refineries and a decline in international natural gas prices as key factors impacting its profitability. This mirrors challenges faced by Exxon in the same quarter. Despite a more than 16% increase in oil prices and a 31% rise in gasoline futures this year, these gains were offset by difficulties across the energy sector.



The company&rsquo;s refining operations in the U.S. saw a significant earnings drop, over 50% to $453 million, with international refining profits falling nearly 60% to $330 million. In contrast, the U.S. oil and gas business reported a 16% earnings increase to about $2 billion, thanks to higher sales volume and a 35% surge in daily production to 1.57 million barrels, propelled by strong performance in the Permian and Denver-Julesburg basins.



Internationally, oil and gas earnings dipped 6% to $3.2 billion as production declined slightly due to maintenance in Nigeria and field declines.&nbsp;



<h2>Exxon Mobil (XOM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/exxon-stock-1-300x169.jpg" alt="Exxon Retail Gas Location"><div>Source: Jonathan Weiss / Shutterstock.com</div></div>ExxonMobil (NYSE:<a href="https://investorplace.com/stock-quotes/xom-stock-quote/">XOM</a>) is a global oil and gas giant engaged in exploration, production, refining, and marketing. Its strong dividend history and integrated operations make it a stable investment in the energy industry, and one of the oil stocks to buy on dip.



More recently, Piper Sandler (NYSE:<a href="https://investorplace.com/stock-quotes/pipr-stock-quote/">PIPR</a>) showed <a href="https://www.investing.com/news/company-news/exxonmobil-stock-target-raised-15-by-piper-sandler-keeps-overweight-93CH-3384888" target="_blank">continued favor</a> for ExxonMobil, increasing the stock&rsquo;s price target to $145.00 from $130.00, while maintaining an Overweight rating. The bro Chevron a less attractive option for new investments until the resolution becomes clear..&nbsp; The makerage firm has consistently preferred ExxonMobil over Chevron for several years.



The current arbitration case involving the two companies has led to a belief that the uncertainty market is currently pricing in a high chance of ExxonMobil&rsquo;s victory, as evidenced by Chevron trading at approximately a 3.0% discount to ExxonMobil based on the 2025 estimated FCF yield.&nbsp;



Piper Sandler anticipates that ExxonMobil&rsquo;s near-term outperformance may be limited, but acknowledges that Chevron could narrow the gap substantially if the HES deal is finalized. Moreover, Piper Sandler sees potential upside to the Street&rsquo;s estimates for ExxonMobil, suggesting a 5% increase over consensus, driven by strong production trends and refining tailwinds, despite some headwinds related to timing effects.&nbsp;



On the date of publication, Shane Neagle did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://protect-us.mimecast.com/s/XtC3C1wq33iErOvYSGOsXg?domain=investorplace.com/">Publishing Guidelines</a>.



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
<div>Shane Neagle is fascinated by the ways in which technology is poised to disrupt investing. He specializes in fundamental analysis and growth investing.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/07/3-oil-stocks-to-buy-on-the-dip-before-they-surge/">3 Oil Stocks to Buy on the Dip Before They Surge</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Oil Stocks to Buy on the Dip Before They Surge

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Microcap investing is undoubtedly risky. However, the thinly traded nature of microcap stocks often contributes to asymmetrical upside returns. Moreover, numerous microcap stocks are secured by emerging entities, meaning investors benefit from future growth prospects.



In the past month, the iShares Micro-Cap ETF (NYSEARCA:<a href="https://investorplace.com/stock-quotes/iwc-stock-quote/">IWC</a>) has shed nearly 5% of its market value, suggesting a &ldquo;buy the dip opportunity&rdquo; has emerged in microcap stocks as a sub-asset class. However, as previously mentioned, microcap stocks are thinly traded mainly due to their lack of exposure. As such, I embarked on a journey to seek information about three best-in-class microcap stocks.



Considering the above, I applied a screening process examining fundamental aspects, valuation multiples and idiosyncratic events. Moreover, I ensured each pick didn&rsquo;t have negative press surrounding it, as many microcap stocks often do.



If you&rsquo;re in the market for microcap stocks, here are three stocks under $3 with breakout potential worth considering.



<h2>CommScope (COMM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/small-cap-ticker-board-300x169.jpg" alt='small-cap stocks: a ticker board that says "SMALL CAP" among various ticker increases. represents small-cap stocks to buy. Small-Cap Stock Picks'><div>Source: Shutterstock</div></div>CommScope (NASDAQ:<a href="https://investorplace.com/stock-quotes/comm-stock-quote/" target="_blank">COMM</a>) is a U.S.-based company that designs, manufactures and installs network infrastructure products. Its stock trades at around <a href="https://investorplace.com/stock-quotes/comm-stock-quote/">$1.15 per share</a> after sustaining a year-to-date loss of nearly 60% due to internal and systematic events. Despite its capitulation, COMM stock is a good investment; here&rsquo;s why.



Firstly, COMM stock&rsquo;s sharp decline has dragged its price multiples into relatively undervalued territory. For example, COMM stock now has a price-to-sales ratio of merely <a target="_blank" href="https://finance.yahoo.com/quote/COMM/key-statistics/">0.05x</a>! Additionally, CommScope delivered a stellar first-quarter earnings report in May, revealing a revenue beat of <a target="_blank" href="https://seekingalpha.com/news/4103440-commscope-non-gaap-eps-of-0_08-beats-0_16-revenue-of-1_17b-beats-100m">$100 million</a> and an earnings-per-share beat of 16 cents, providing a potential turning point.



CommScope faces risks, namely a struggle for profitability and a <a href="https://www.nasdaq.com/articles/jp-morgan-downgrades-commscope-holding-comm" target="_blank">recent downgrade</a> by JPMorgan (NYSE:<a href="https://investorplace.com/stock-quotes/jpm-stock-quote/" target="_blank">JPM</a>). Nevertheless, I think the company&rsquo;s ten-year compound annual growth rate of <a href="https://seekingalpha.com/symbol/COMM/growth" target="_blank">3.9%</a> will coalesce with its price multiples and recent earnings beat, leading COMM stock into a recovery.



I&rsquo;m bullish here!



<h2>Rimini Street (RMNI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/small-cap-stocks-to-consider-300x169.jpg" alt="image of a large business man looking at a small businessman standing in the palm of his hand"><div>Source: Shutterstock</div></div>Rimini Street (NASDAQ:<a href="https://investorplace.com/stock-quotes/rmni-stock-quote/">RMNI</a>) provides end-market software support to companies like Oracle (NYSE:<a href="https://investorplace.com/stock-quotes/orcl-stock-quote/">ORCL</a>), Microsoft (NASDAQ:<a href="https://investorplace.com/stock-quotes/msft-stock-quote/">MSFT</a>) and SAP (NYSE:<a href="https://investorplace.com/stock-quotes/sap-stock-quote/">SAP</a>). The firm has over <a href="https://www.riministreet.com/company/about-us/">2,100 employees globally</a>, supports over 600 software products and claims to have saved its customers over $8 billion. Although a small-cap firm, Rimini&rsquo;s salient features suggest it is bound to scale.



I decided to explore the company due to its nimble business model, which operates at a low-cost base and services a niche requirement. Moreover, I think Rimini Street will benefit from the systematic growth embedded in the cloud industry, providing it with a comprehensive opportunity set. Rimini&rsquo;s current results show that it has already benefitted from the above, achieving profitability and a steady Return on Assets (ROA) ratio of <a href="https://finance.yahoo.com/quote/RMNI/key-statistics/">8.07%</a>.



Lastly, Rimini Street&rsquo;s short-term variables are well-aligned. It released its first-quarter earnings report in May, beating its estimate by <a href="https://seekingalpha.com/news/4098361-rimini-street-gaap-eps-of-0_01-misses-0_05-revenue-of-106_7m-beats-0_49m">$490,000</a>, concurrently dragging its price-to-sales ratio (currently 0.6x) into investable territory.



As with CommScope, RMNI is risky but possesses upside potential.



<h2>GrafTech International (EAF)</h2>



<div><img width="300" height="200" src="https://investorplace.com/wp-content/uploads/2018/05/smallcapmsn-300x200.jpg" alt=""><div>Source: Shutterstock</div></div>GrafTech (NYSE:<a href="https://investorplace.com/stock-quotes/eaf-stock-quote/">EAF</a>) International manufactures graphite electrodes and petroleum coke, serving an array of end markets. The company is headquartered in Ohio but operates a nimble manufacturing ecosystem with facilities in other U.S. states, Mexico and Europe. Although a small-cap stock, I have tremendous belief in GrafTech, given the ever-increasing demand for industrial goods and the company&rsquo;s niche business model.



The firm recently proved its potential when it surpassed its first-quarter earnings estimates. GrafTech&rsquo;s revenue settled at <a href="https://seekingalpha.com/news/4094748-graftech-international-non-gaap-eps-of-0_10-beats-0_03-revenue-of-136_58m-beats-10_89m" target="_blank">$136.58 million</a>, exceeding its target by $10.89 million. Moreover, GrafTech&rsquo;s earnings-per-share surpassed estimates by three cents. Although a point-in-time observation, GrafTech&rsquo;s first-quarter report illustrates a turning point after the firm suffered <a href="https://www.marketwatch.com/investing/stock/eaf/analystestimates" target="_blank">disappointing results</a>.



Furthermore, GrafTech might benefit from market-impact-related activities. On May 17th, its largest shareholder, Colonial House Capital, bought an additional <a href="https://za.investing.com/news/colonial-house-capital-buys-graftech-shares-worth-572k-93CH-3157503">332,770 shares</a> at around $1.72 per unit. Although Colonial House&rsquo;s rationale is unclear, the event suggests that GrafTech&rsquo;s fundamental prospects might be underestimated. 



Finally, EAF stock has a price-to-sales ratio of merely <a target="_blank" href="https://finance.yahoo.com/quote/EAF/key-statistics/">0.42x</a>, indicating it has absolute value in store.



I&rsquo;m bullish about EAF stock&rsquo;s prospects, as I think a turnaround opportunity is in the cards!



On the date of publication, Steve Booyens did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines.</a>



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
<div>Steve Booyens co-founded Pearl Gray Equity and Research in 2020 and has been responsible for cross-asset research and PR ever since. Before founding the firm, Steve spent time working in various finance roles in London and South Africa. He holds an MSc in Investment Banking from Queen Mary &ndash; University of London. Furthermore, Steve obtained his CFA Charter on April 26, 2024, and is working toward his Ph.D. in Finance. His articles are published on various reputable web pages such as Seeking Alpha, TipRanks, Yahoo Finance, and Benzinga. Steve&rsquo;s articles on InvestorPlace don&rsquo;t constitute financial advice. However, they form an interesting juxtaposition between mainstream opinion and objective theory, allowing readers to benefit from unbiased commentary. Readers can expect coverage on frequently traded stocks, REITs, fixed-income funds, CEFs, and ETFs.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/07/microcap-to-midcap-3-stocks-under-3-poised-for-massive-breakouts/">Microcap to Midcap: 3 Stocks Under $3 Poised for Massive Breakouts</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Microcap to Midcap: 3 Stocks Under $3 Poised for Massive Breakouts

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<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Betting on the best ETFs to buy now can help simplify your investment strategy.



ETFs, or exchange-traded funds, are a compelling way for investors to beat the market without having to manage a boatload of individual stocks. Moreover, these funds tend to offer exposure to multi-year trends and themes, making them ideal bets for diversifying investment portfolios.



As we advance, ETFs will continue gaining popularity, with their appeal largely tied to their low-maintenance nature, minimal fees, and the ability to target a swath of stocks with a single investment.



That said, here are the three best ETFs to buy, effectively aligning with a strategic, low-cost investment approach. These top ETFs have been excellent performers over the years, with robust fundamentals while offering healthy long-term upside potential. Moreover, they have had an excellent track record of offering steady returns for their investors, which adds to their attractiveness.



<h2>Best ETFs to Buy: iShares US Technology ETF (IYW)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/02/ishares1600-300x169.jpg" alt="iShares by Blackrock sign"><div>Source: Sundry Photography / Shutterstock.com</div></div>Investing in the iShares US Technology ETF&nbsp;(NYSEARCA:<a href="https://investorplace.com/stock-quotes/iyw-stock-quote/">IYW</a>) feels like a tech enthusiast&rsquo;s dream come true. IYW stock offers access to some of the elite U.S. tech companies, including heavyweights that have led the market to monumental gains. Roughly 45% of its total assets are made up of three of the biggest <a href="https://investorplace.com/industries/technology/">tech stocks</a> in Microsoft (NASDAQ:<a href="https://investorplace.com/stock-quotes/msft-stock-quote/">MSFT</a>), Apple (NASDAQ:<a href="https://investorplace.com/stock-quotes/aapl-stock-quote/">AAPL</a>), and Nvidia (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/">NVDA</a>). With these elite U.S. tech companies leading the charge, IYW stock is positioned enviably to outperform the broader market with considerable aplomb.



Moreover, IYW&rsquo;s appeal is bolstered further by its <a href="https://seekingalpha.com/symbol/IYW/expenses">reasonable 0.40% expense ratio</a>, making it a cost-effective option for tech investors. Also, IYW stock has trumped broader market gains and then some over the past decade. Its 10-year return stands at 531%, which comfortably beats the S&amp;P 500&rsquo;s 179% gain. This discrepancy can be seen across multiple time horizons, including last year where <a href="https://seekingalpha.com/symbol/IYW/momentum/performance">IYW stock was up 43%</a> while the broader market was up 24%.



<h2>Global X Artificial Intelligence &amp; Technology ETF (AIQ)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/04/ai-stocks1600-7-300x169.png" alt="AI Artificial Intelligence. Businessman using AI technology for data analysis, coding computer language with digital brain, machine learning on virtual screen, business intelligence. AI stocks"><div>Source: Tapati Rinchumrus / Shutterstock.com</div></div>AI has been hands-down the biggest investing trend in the past year, and perhaps the Global X Artificial Intelligence &amp; Technology ETF (NASDAQ:<a href="https://investorplace.com/stock-quotes/aiq-stock-quote/">AIQ</a>) offers investors a front-row seat to the industry&rsquo;s finest. With a robust annual growth of 31% in the past year <a href="https://seekingalpha.com/symbol/AIQ/momentum/performance">and over 120% in the past five years</a>, AIQ stands out as a top performer among AI-focused ETFs. Its portfolio of 91 holdings and <a href="https://seekingalpha.com/symbol/AIQ/expenses">a competitive 0.68% total expense ratio </a>make it an attractive option for those looking to pounce on the burgeoning AI and big data sectors.



Moreover, with its top 10 holdings representing 36% of total assets, AIQ stock effectively mitigates risk better than most of its peers. Nvidia plays a key role in driving its stock, but its investments across the AI landscape effectively shield it from downside risk. This strategic distribution ensures that the remaining portfolio components can sustain the fund&rsquo;s performance when Nvidia is in correction territory.



<h2>Avantis U.S. Large Cap Value ETF (AVLV)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/06/etf-1600-2-300x169.png" alt="Blocks that spell out ETF in front of jar with money and change."><div>Source: SHUN_J / Shutterstock</div></div>The Avantis U.S. Large Cap Value ETF (NYSEARCA:<a href="https://investorplace.com/stock-quotes/avlv-stock-quote/">AVLV</a>) offers investors an excellent opportunity to tap into high-quality, bargain large-cap U.S. stocks. By focusing on stocks trading at lower valuations and strong profit margins, the Avantis ETF aims to significantly enhance potential returns.



The ETF currently manages over $3.6 billion in assets, spanning various sectors, including healthcare, technology, financial services, etc. Moreover, <a href="https://seekingalpha.com/symbol/AVLV/holdings" target="_blank">it has holdings in 314 companies</a>, with investments in some of the stock market&rsquo;s darlings, including Meta (NASDAQ:<a href="https://investorplace.com/stock-quotes/meta-stock-quote/">META</a>),&nbsp;JPMorgan Chase&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/jpm-stock-quote/">JPM</a>), Costco&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/cost-stock-quote/">COST</a>)&nbsp;



The fund&rsquo;s balanced approach, targeting undervalued profitable companies, gives it an edge. It effectively provides an investment vehicle for diversifying their portfolio with strong, stable, and growth-oriented assets. Moreover, <a href="https://seekingalpha.com/symbol/AVLV/dividends/scorecard" target="_blank">AVLV stock yields 1.62%</a>, with two consecutive years of payout growth. Though its payout growth rate may be unimpressive, I wouldn&rsquo;t want bet against the massive potential of large-cap U.S. stocks.



On the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
<div>Muslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor&rsquo;s of science degree in applied accounting from Oxford Brookes University.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/07/the-3-best-etfs-to-buy-in-july-2024/">The 3 Best ETFs to Buy in July 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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