According to a report by Reuters, J.P. Morgan Chase & Co (JPM) has been testing neuroscience-based video games with entry-level job candidates in an attempt to diversify its workforce.
J.P. Morgan Chase shares closed higher for a fourth consecutive trading session in New York on Monday. The stock went up 0.60% ($0.64) to $107.19, after touching an intraday high at $107.80, or a price level not seen since December 4th ($111.60).
Shares of J.P. Morgan Chase & Co have risen 9.80% so far in 2019 compared with a 13.01% gain for the benchmark index, S&P 500 (SPX).
In 2018, J.P. Morgan’s stock retreated 8.72%, thus, it again underperformed the S&P 500, which registered a 6.24% loss.
In an interview with Reuters, Matt Mitro, J.P. Morgan’s head of campus recruiting, said that the Wall Street bank was testing technology provided by startup firm Pymetrics Inc. Its neuroscience-based video games are designed to aid businesses evaluate the social, cognitive and behavioral features of their job applicants.
The Pymetrics platform compares the attributes of every candidate with those of a company’s successful employees so that the most appropriate persons for a particular job can be identified.
Matt Mitro noted that the banks entry-level employees worldwide had participated in the neuroscience-based games over the last several months, after which those games were played by candidates for a particular number of full-time job positions.
J.P. Morgan’s initiative is to continue with applicants for internships in the United States in 2020, the banks representative also said.
According to CNN Money, the 25 analysts, offering 12-month forecasts regarding J.P. Morgan Chase & Co’s stock price, have a median target of $115.00, with a high estimate of $140.00 and a low estimate of $85.00. The median estimate represents a 7.29% upside compared to the closing price of $107.19 on March 18th.
The same media also reported that 15 out of 30 surveyed investment analysts had rated J.P. Morgan Chase & Co’s stock as “Hold”, while 13 – as “Buy”. On the other hand, 1 analyst had recommended selling the stock.
Weekly Pivot Levels
By using the traditional method of calculation, the weekly levels of importance for J.P. Morgan Chase & Co (JPM) are presented as follows:
Central Pivot Point – $105.67
R1 – $107.68
R2 – $108.81
R3 – $110.82
R4 – $112.83
S1 – $104.54
S2 – $102.53
S3 – $101.40
S4 – $100.27
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