JPMorgan (JPM) Stock Hits 2-Year High: Wait for the Dip or Buy Now?
JP MORGAN CHASE(JPM) ZACKS·2024-08-26 21:20
Shares of JPMorgan (JPM) , the largest American lender, have been performing remarkably well this year. The stock touched its two-year high of $219.19 during the last trading session and finally closed at $218.31, soaring 28.3% year to date. The JPM stock has handily outperformed the industry, the S&P 500 Index and its close peers – Bank of America (BAC) , Citigroup (C) and Wells Fargo (WFC) – in 2024.The recent jump in the shares of JPMorgan can be attributed to the statement by the Federal Reserve chairma ...