Financial Services

The Democratic presidential candidate's comments feed into one analyst's thesis that political risk continues to grow for the biggest banks.
Citigroup, JPMorgan and Wells Fargo showed that the banking sector could still post solid earnings, even in a low interest rate environment.
A slow move down towards $40 would not be unexpected in the weeks ahead.
This chart also shows a band of resistance in the $65 to $69 area.
WFC could rally to around $52, but the stock will need to develop a bigger base. 
We are returning to a moment when the capital markets are working.

Novice Trade: JPMorgan Chase Real Money Pro($)

Move to buy JPM May 62.50 calls.
The bank's long-term story remains intact.
Net interest margin took a hit and will likely continue to be depressed in this lower-for-longer rate environment.
Plus my tweet about Twitter's earnings, and a take on oil drillers.

Columnist Conversations

Up in an hour or so! Enjoy your weekend and thanks for reading my Diary.
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