2023-12-18 12:48:32 ET
JPMorgan Chase ( NYSE: JPM ) shares are on track to record its eight straight session of gains on Monday, gaining about 6% in the period.
The company rose about 0.47% at $166 by early afternoon, its highest levels since Jan. 2022 . Overall, shares have risen about 27.5% since the start of the year.
Looking at Seeking Alpha's Quant Rating , JPM has a Hold rating with a score of 3.48 out of 5. The company received A+ for profitability and a B for momentum, while, its growth and valuation prospects have been graded D and D+, respectively.
Turning to the Wall Street community , 10 analysts give JPM has a Strong Buy, while five are Buy on the stock. About 10 analysts have given the stock a Hold recommendation.
Last week, JPMorgan Chase ( JPM ) credit card delinquency and net loss rates rose in November but remained below prepandemic levels, according to an SEC filing.
SA contributor Envision Research sees conflicting forces, which make it difficult to determine the direction of JPMorgan's share prices and total return potential.
"JPMorgan enjoys several key differentiating factors and better profitability than its peers, but concerns about over-earning and high valuation exist," said Envision Research.
November has been a favorable month for JPM, with 15 sessions in green and six in red.
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JPMorgan Chase on track to record its eight straight session of win