JPMorgan Chase & Co.’s stock (JPM) is currently trading at $171.81, up about 1%. If the gains hold through the market close, the stock will hit a new all-time high for the first time since October 2021, according to Dow Jones Market Data. To set a record, the stock would have to close above $171.78, its closing level on Oct. 22, 2021. In the past year, JPMorgan has been buoyed by its acquisition of First Republic as well as profit momentum of larger banks over smaller regional banks. The stock rose about 26.9% in 2023 including December’s rise of 10.2%. The S&P 500 rose 24.2% in 2023.
-Steve Gelsi