JP Morgan Chase closes at $136.94 after gaining 0.94%

Published: May 27 2023, 09:05 GMT+0

JP Morgan Chase closes at $136.94 after gaining 0.94%

A quick look at yesterday: JP Morgan Chase rallied 0.94% and ended the session at $136.94.

JP Morgan Chase's uptick comes amid disappointing United States macroeconomic data released during the session – data from United States concerning Core Durable Goods Orders was released yesterday at 12:30 UTC. Newly published figures emphasized continued decline from last month's figure of 0.3% to -0.2% this month.

At the same time, United States Core PCE Price Index (MoM) (Apr) released yesterday at 12:30 UTC with a figure of 0.4, while the previous figure was 0.3. Fresh CFTC Crude Oil speculative net positions data from United States came out at 193,100.

This rally in JP Morgan Chase's share price coincided with other financials stocks as American Express gained 4.08%, as it traded at $157.24. Goldman Sachs gained 2.51%, as it traded at $332. The Blackstone Group Inc. traded at $85.7 after closing yesterday's trading day at $83.53 (up 2.6%).

The stock has been trending positively for about 2 months. After hitting an important low of $101.96 approximately 7 months ago, the financial services company has bounced back 33.06% since.