Yahoo Finance Today's Research Reports on Trending Tickers: JPMorgan Chase and Bank of America
NEW YORK, NY / ACCESSWIRE / July 17, 2018 / U.S. markets closed mostly lower on Monday, as upbeat economic data and the latest batch of corporate earnings failed to encourage investors. The Dow Jones Industrial Average gained 0.18 percent to close at 25,064.36, while the S&P 500 Index decreased 0.10 percent to close at 2,798.43. The Nasdaq Composite Index dropped 0.26 percent to close at 7,805.72.
“Market should continue to focus on these positive fundamentals unless there's any further eruption in trade news, which will usurp the fundamental news. Until then, the focus will be on company results, and whether their profitability is enough to continue supporting equity advances,” said Mark Luschini, Janney Montgomery Scott’s chief investment strategist.
RDI Initiates Coverage on:
JPMorgan Chase & Co.
https://rdinvesting.com/news/?ticker=JPM
Bank of America Corporation
https://rdinvesting.com/news/?ticker=BAC
JPMorgan Chase's stock jumped 3.97% Monday, to close the day at $110.58. The stock recorded a trading volume of 24,662,621 shares, which was above its three months average volume of 13,514,203 shares. In the last year, JPMorgan Chase's shares have traded in a range of 88.08 - 119.33. The share price has gained 25.54% from its 52 week low. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $109.05 is below its 200-day moving average of $111.05. Shares of the company are trading at a Price to Earnings ratio of 15.76. Shares of JPMorgan Chase have gained roughly 2.48 percent in the past month and are up 3.4 percent year-to-date.
Access RDI's JPMorgan Chase & Co. Research Report at:
https://rdinvesting.com/news/?ticker=JPM
On Monday, shares of Bank of America Corporation recorded a trading volume of 129,171,967 shares, which was above the three months average volume of 63,972,746 shares. The stock ended the day 4.31% higher at $29.78. The share price has fallen 9.89% from its 52 week high with a 52 week trading range of 22.75 - 33.05. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $29.04 is below its 200-day moving average of $30.45. Shares of the company are trading at a Price to Earnings ratio of 17.27. Shares of Bank of America Corporation have gained roughly 1.71 percent in the past month and are up 0.88 percent year-to-date.
Access RDI's Bank of America Corporation Research Report at:
https://rdinvesting.com/news/?ticker=BAC
Our Actionable Research on JPMorgan Chase & Co. (NYSE: JPM) and Bank of America Corporation (NYSE: BAC) can be downloaded free of charge at Research Driven Investing.
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SOURCE: RDInvesting.com
