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How to Buy JPMorgan Shares UK – With 0% Commission

JPMorgan is the largest bank in the United States, providing investment banking and financial services to hundreds of thousands of customers worldwide. As consumer spending begins to rise thanks to lockdowns easing, JPMorgan’s financials look set to benefit – meaning great things for the company’s share price.

In this guide, we discuss How to Buy JPMorgan Shares in the UK – exploring the company in detail and highlighting how you can buy JPMorgan shares without paying any commissions whatsoever!

How to Buy JPMorgan Shares UK – Step by Step Guide 2021

Are you looking to buy JPMorgan shares in the UK right now? If so, the four steps below will show you how to do so with eToro – completely commission-free.

  • Step 1: Open an eToro Account – Head to eToro’s homepage and click ‘Join Now’. Enter a valid email address and choose a username and password.
  • Step 2: Verify your Account – Upload proof of ID (copy of passport or driver’s license) and proof of address (copy of bank statement or utility bill) to verify your account.
  • Step 3: Deposit – Fund your account via credit/debit card, bank transfer, or e-wallet.
  • Step 4: Buy JPMorgan Shares – Search for JPMorgan on eToro’s platform and click ‘Trade’ next to the first option. Enter the amount of money you’d like to invest and then click ‘Open Trade’.

Step 1: Choose a Stock Broker

One of the most important things to do before you buy JPMorgan shares in the UK is to create an account with a secure and low-cost stock broker. These brokers help facilitate your investment in JPMorgan, pairing buy orders with sell orders. Choosing a suitable broker can make all the difference in the long run, as it’ll save you money and enable you to trade safely.

With this in mind, we’ve done the research and found our two recommended brokers when it comes to investing in JPMorgan, which are presented below.

1. eToro – Overall Best Broker to Buy JPMorgan Shares in the UK

eToro stock brokerOur recommended broker to invest in JPMorgan is eToro. eToro offers a vast selection of stocks, ETFs, currency pairs, commodities, and indices to trade, ensuring there’s an asset for every investor type. What’s more, eToro’s platform is one of the most secure out there, as it is regulated by top tier entities such as the FCA and CySec.

One of the best things about eToro is that they don’t charge any commissions when CFD trading. So, if you were to invest in JPMorgan, you’d avoid all of the hefty transaction fees that other brokers charge. Furthermore, eToro allows traders to invest from as little as $50 (£35) through their ‘fractional share’ system, ensuring you can buy portions of a share rather than the entire thing.

etoro jpmorgan shares uk

eToro has numerous valuable features, such as their CopyTrader and CopyPortfolio features. These allow traders to copy other traders and invest in professionally-managed portfolios, respectively. Also, eToro has a handy newsfeed for each tradeable asset on their platform, ensuring traders are kept up to date in real-time with important information related to that asset!

Pros

  • Buy JPMorgan shares with 0% commissions
  • No stamp duty tax on UK shares
  • Huge selection of shares, ETFs, commodities, and currencies
  • No deposit or monthly account fees
  • Innovative CopyTrader feature
  • Regulated by the FCA
  • Covered under the FSCS

Cons

  • Minor withdrawal and inactivity fees

67% of retail investor accounts lose money when trading CFDs with this provider. 

 

2. Capital.com – Best Broker to Buy JPMorgan Shares in the UK with Leverage

Capital.comAnother great brokerage to consider is Capital.com. Much like eToro, Capital.com offers a vast range of CFDs to trade on assets such as stocks, indices, commodities, forex, and even cryptocurrency. What’s more, Capital.com is regulated in the UK by the FCA, which means that the platform is as safe as possible.

Capital.com is a zero commission broker, which means that when you are equity trading and invest in JPMorgan, you won’t have to pay any fees whatsoever. Furthermore, Capital.com don’t charge any deposit, withdrawal, or inactivity fees either, making them incredibly cost-effective for traders. Finally, you can even use up to 5:1 leverage when trading equities, allowing you to boost potential profits by 5x.

capital.com jpmorgan shares

If you are a new trader, Capital.com provide a huge library of educational resources that can help smooth the learning process. Also, Capital.com offer full MT4 support, which is excellent for people interested in forex. Finally, traders can even use Capital.com’s handy demo account to gain risk-free experience in the market before trading for real.

Pros:

  • 100% commission-free stock CFD trading
  • Trade over 3,000 stocks from the UK, US, and Europe
  • Integrates with TradingView for advanced charting
  • AI software helps you improve your win rate
  • Regulated by the UK FCA

Cons:

  • No price alerts in web trading platform

71.2% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider.

Broker Price Comparison

When it comes to the best share dealing accounts, eToro and Capital.com are the ones that we’d recommend if you are looking to buy JPMorgan shares in the UK. To provide further context, the table below presents a fee comparison between these brokers and other brokers in the industry, allowing you to compare all of the options.

Broker Commission Account Fee Deposit Fee
eToro 0% None None
Capital.com 0% None None
Fineco $3.95 per trade None None
Libertex From 0.1% None None
Hargreaves Lansdown £11.95 per trade None None

 

Step 2: Research JPMorgan Shares

Before you begin stock trading, it’s a good idea to thoroughly research the company you intend to invest in to ensure the investment has a good chance of generating a return. This is known as doing your ‘due diligence’ and involves looking at elements such as the company’s business model and financials.

To help streamline this research process, we’ve done all the hard work for you. The sections below present all of the information you need to know about JPMorgan, allowing you to make an informed investment.

What is JPMorgan?

jpmorgan logo

So, what is JPMorgan? JPMorgan (full name JPMorgan Chase & Co) is an investment banking and financial services company based in New York City. At the time of writing, JPMorgan is the largest bank in the United States and the fourth-largest bank in the world. According to Statista, the company had total assets of $3.38 trillion in 2020.

JPMorgan provides a myriad of services to customers across the globe, including investment banking, commercial banking, asset management, private banking, private wealth management, treasury services, and more. In fact, JPMorgan’s services are so crucial to the economy that the Financial Stability Board (FSB) has deemed the company to be a ‘systemically important financial institution’. This means that if JPMorgan were ever to fail, it might trigger a financial crisis – which is where the term ‘too big to fail’ comes from.

jpmorgan history

JPMorgan is traded on the New York Stock Exchange (NYSE) under the ticker symbol JPM and is a member of the S&P 500. Jamie Dimon is the current CEO, where he has held the position since 2005. According to Macrotrends, the company has over 250,000 employees worldwide and generated revenue of $129.50 billion in 2020. In terms of market cap, JPMorgan is currently valued at $453.54 billion.

JPMorgan Share Price

At the time of writing, the JPMorgan share price is currently sitting at $151.78. This represents an increase of 19.24% in the YTD and a rise of 56.57% since this day last year. In fact, JPMorgan even hit an all-time high of $167.21 in June 2021, highlighting the fantastic year the company has had.

As you can see from the price chart, the JPMorgan share price has had a rough couple of weeks – but this can be considered more of a pullback than anything long term. The company’s foundations are still rock-solid, as evidenced by JPMorgan’s EPS. Macrotrends data notes the company’s EPS for Q2 2021 as $3.78, highlighting how profitable JPMorgan is as a whole. This is a significant increase from the EPS of $1.38 experienced in the same period last year.

jpmorgan price chart

67% of retail investor accounts lose money when trading CFDs with this provider. 

In terms of the P/E ratio, data from YCharts notes this as 10.13 at the time of writing. The P/E ratio is a good indicator of a company’s value relative to other companies in the industry. From this data, we can state that JPMorgan is trading at 10.13 its earnings, which is a relatively solid level. Sometimes when a company is trading at 20x or 30x its profits, it can be considered ‘overvalued’ – so this isn’t the case with JPMorgan stock.

JPMorgan Shares Dividends

For those interested in the best ways to invest money to generate a passive income stream, dividend-paying stocks are a good option. JPMorgan is one of these stocks, providing a dividend yield of 2.5% based on today’s share price data. This dividend is paid quarterly, with payments arriving in January, April, July, and October.

According to Dividend.com, the average yield for financial companies in the S&P 500 equates to 2.5% – so this puts JPMorgan right in the middle. However, the great thing about JPMorgan is that the company tends to increase dividends every year. The company were paying a lowly $0.40 per share back in 2014, yet are now paying $0.90 per share.

jpmorgan dividends

The ex-dividend date for the next payment is on 5th October 2021, which means that if you buy JPMorgan shares before this date, you’ll be eligible to receive that dividend payment. So, if you are looking for a company that consistently increases dividends and pays out regularly, then JPMorgan certainly fit the bill.

JPMorgan ESG Breakdown

Ethical investments are becoming more and more popular these days, prompting more emphasis on a company’s ESG rating. The ESG rating relates to a company’s environmental, social, and governance impacts, which help determine how ethically run the company is.

Relating this to JPMorgan, found below is a breakdown of the company’s ESG rating for 2021:

  • Environmental – 1.1/100
  • Social – 16.1/100
  • Governance – 10.8/100

A lower score represents a ‘better run’ company in relation to each metric – so as you can see, JPMorgan do pretty well across the board. Environmentally they do exceptionally well, being nearly inside the top 1% of companies. Social and governance factors are also reasonably solid, making JPMorgan a well-run company overall.

Combining these scores gives JPMorgan a ‘Medium’ rating in terms of ESG, according to Yahoo Finance. This means that the company does well overall, although it still has some areas to improve on. JPMorgan sits in the 50th percentile of companies in terms of ESG, making them firmly ‘middle of the pack’ regarding ethical companies.

Are JPMorgan Shares a Good Buy?

So, putting everything together, is it a good idea to buy JPMorgan shares in the UK? We believe so. To provide further context to this, found below are two of the main reasons that explain why JPMorgan would be an excellent addition to your equity portfolio this year:

Firmly Established In The Sector

As noted earlier, JPMorgan is the largest investment bank in America and the fourth-largest bank in the world. Due to its well-established nature, JPMorgan still managed to perform admirably in 2020 during the pandemic, with net income in Q4 up 29% from the year previous. This is even more impressive considering consumer spending was way down, representing a large portion of the company’s revenue via credit card spending.

jpmorgan financials

More recently, second quarter 2021 results also beat expectations. The investment banking division performed exceptionally well, with revenue up 20% from Q1. Furthermore, credit card and debit card spending also increased by 45% from the same quarter last year. These metrics highlight that JPMorgan is in a solid financial position – and improving all the time.

Strategy for Future Growth

JPMorgan’s CEO, Jamie Dimon, has been in the role for 16 years – and it’s easy to see why. The CEO has led JPMorgan to exceptionally high levels and has put a plan in place for further growth going forward. JPMorgan is well on its way to completing its goal of opening 400 new branches, which will give them an incredible presence across America.

In addition, JPMorgan is investing heavily in fintech, which has helped grow the bank’s mobile users by 10% from the previous year. Also, Coindesk reported recently that JPMorgan will release an actively managed Bitcoin fund later this year. Although this seems like a minor announcement, the fact is that this step could pave the way for further crypto-related advances in the years to come.

Step 3: Open an Account & Buy Shares

Now that you understand your broker options and have a comprehensive overview of JPMorgan as a company, it’s time to look at the process of investing. For this, we’d recommend using eToro as your broker since they charge 0% commissions and enable you to create an account in minutes.

With that in mind, the five short steps below will show you how to buy JPMorgan shares in the UK right away.

Step 1: Open an eToro Account

Head over to eToro’s website and click ‘Join Now’. Enter a valid email address and choose a username and password for your account.

etoro sign up

Step 2: Verify your Identity

Due to eToro’s strict regulation, new users must verify themselves before trading. This process is straightforward to do and only takes minutes to complete. Click ‘Complete Profile’ on eToro’s platform and then provide the requested information for the KYC checks. You’ll also be asked to upload proof of ID (a copy of your driver’s license or passport) and proof of address (a copy of a bank statement or utility bill).

Step 3: Fund your Account

New eToro users must deposit a minimum of $200 (£143) to begin trading. eToro accepts a wide range of deposit options such as:

  • Credit card
  • Debit card
  • Bank transfer
  • PayPal
  • Neteller
  • Skrill
  • Klarna
  • Trustly

Step 4: Search for JPMorgan Shares

Type ‘JPMorgan’ into the search bar at the top of the screen and then click ‘Trade’ next to the first option that appears.

etoro invest in jpmorgan shares

Step 5: Buy JPMorgan Shares in the UK

An order box will now appear on your screen. In this box, simply enter the amount you’d like to invest (minimum of $50) and decide whether you’d like to use leverage. Once you are happy with everything, click ‘Open Trade’.

etoro buy jpmorgan shares

And that’s it! You’ve just completed a commission-free investment in JPMorgan with eToro!

67% of retail investor accounts lose money when trading CFDs with this provider. 

JPMorgan Shares Buy or Sell?

In summary, are JPMorgan shares a buy or a sell? Through our research and analysis, we feel it is the former. An investment in JPMorgan is an excellent way to diversify your portfolio into the banking sector, as the company is well-established and has rock-solid fundamentals. With the JPMorgan share price recently hitting all-time highs, there’s never been a better time to invest.

Going forward, the CEOs leadership looks set to allow JPMorgan to keep up with the trends shaping the banking sector. Areas such as fintech and cryptocurrency will be crucial in years to come, which is why JPMorgan is deploying lots of capital to ensure they don’t get left behind.

jpmorgan investment

Finally, the company is famous for increasing dividends every year, which is excellent news for people investing for income. Overall, the combination of a solid passive income stream and great prospects make JPMorgan a great addition to your portfolio for the months and years to come.

eToro – Buy JPMorgan Shares with 0% Commission

As you can see, JPMorgan looks like an excellent investment if you are looking to gain exposure to the banking sector. The company has established itself as the top dog within the industry in the US, thanks to outstanding leadership and strategy from the CEO. In the future, if JPMorgan can continue investing in areas such as fintech, it’ll allow them to keep up with current trends and continue reaching new heights in the stock market.

So, if you are interested in buying JPMorgan shares today, we’d recommend using eToro. By investing with eToro, you’ll be able to avoid the hefty commissions that other brokers charge. What’s more, eToro offer fractional shares, which means that you’re able to invest in JPMorgan from as little as $50!

etoro logo

67% of retail investor accounts lose money when trading CFDs with this provider. 

FAQs

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About Connor Brooke PRO INVESTOR

Connor is a Scottish financial expert, specialising in wealth management and equity investing. Based in Glasgow, Connor writes full-time for a wide selection of financial websites, whilst also providing startup consulting to small businesses. Holding a Bachelor’s degree in Finance, and a Master’s degree in Investment Fund Management, Connor has extensive knowledge in the investing space, and has also written two theses on mutual funds and the UK market.

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