JPM Stock Dips 1.8% Amid Ongoing Market Volatility
JPMorgan Chase & Co.'s (NYSE:JPM) stock fell by 1.8% during mid-day trading on Monday, reaching a low of $336.30 and settling at $336.9180.
Around 9,735,512 shares changed hands, an increase of 5% from the average session volume of 9,285,454 shares.
The stock's previous closing price was $343.06.
According to HSBC, JPMorgan Chase & Co. has a 'Hold' rating and a target price of $377, implying meaningful upside from recent levels.
However, the bank's dividend remains an investor support, with earnings and cash flow viewed as sufficient to support further payout growth.