JPMorgan Chase & Co. (JPM)

158.29
2.92 1.81
NYSE
Prev Close 161.21
Open 161.50
Day Low/High 157.19 / 161.83
52 Wk Low/High 118.11 / 172.96
Volume 12.57M
Exchange NYSE
Shares Outstanding 2955.27B
Market Cap 466.61B
P/E Ratio 17.47
Div & Yield N.A. (N.A)

To C From JPM

I have just sold my position in for a small profit (at $162.65). I never accumulated enough of a position below $160 and I am recommitting the money into Citigroup now.

This Morning's Trades

* Purchased at $142.1. * Covered my short at $461.20. (Bought some SPY for a rental at $460.85 and sold out at a profit.) * Added to ($196.70), ($64.50), ($161), ($32.68), ($27.85), ($23.40), ($24.18) and ($10.37). * Covered all of my under $320. __...

More Premarket Moves

I have covered my Nvidia short for a very small profit (under $320). I am adding to JPMorgan Chase  , Citigroup , AT&T and Boeing BA.  

Adding to 2 Bank Holdings

I added to my Citigroup  and JPMorgan Chase holdings in the premarket at $64.75 and $161.02, respectively.  

Hotel California

* What's to like? Very little.. * Though the averages have held up (thank you "Nifty Seven"), a look under the hood reveals a dismal picture of broken stocks and charts  "Last thing I remember, I was Running for the door I had to find the passage ba...

My Stock Shopping Spree, SPR Show, Cathie and Jamie on China, Crypto Regulation?

My Stock Shopping Spree, SPR Show, Cathie and Jamie on China, Crypto Regulation?

I have to admit that I deployed a good bit of cash on Tuesday, far more than I expected to during Thanksgiving week.

My Shorting Zone Radar Is Flashing

Both and are moving back into my shorting zone.   But, given my belief that value/financials may catch up (absolutely and relative to growth) - I have been steadily adding to and initiated a purchase on Friday - I will give the stocks a wider berth ...

Adding to 2 Positions

I have added to Citigroup and JPMorgan Chase on the modest pullback.

Powell Renominated

Break in! Jerome Powell has been renominated as Fed chairman. The initial response in the futures is positive. . To me, banks are the greatest beneficiary of the president's decision. I initiated a JPMorgan Chase purchase on Friday at around $160/sh...

My JPM Position

I am long small JP Morgan  under $160 as telegraphed.

Bank Stocks

The fear of lockdowns in Austria and Germany is impacting interest rates (lower) and, in turn, bank stocks over the last week or so.  I would be using this weakness to accumulate bank stocks.  I own Citigroup and I plan to be a scale buyer of JP Mor...

Here's the Lowdown on DLO

Here's the Lowdown on DLO

I can't recommend buying dLocal -- and here's why.

Oh, SNAP!

JP Morgan lowers Snap price target from $90 to $73. Wells Fargo lowers Snap price target from $95 to $75.

Bank Stocks No More

Based on price - premium to net tangible value - I am eliminating my long standing long in .  Citigroup's quarter was unsatisfactory, more on that next week, and I have also sold that position.  I now own no bank stocks.

Here's Why I'm Long Wells Fargo and Bank of America

Here's Why I'm Long Wells Fargo and Bank of America

Still, my favorite financial name at the moment is SoFi Technology as I believe that they have all of these banks in their sights.

Several Moves

Banks rolling over after beats. Brokers initial gap turns into losses. FAANG gains moderating. Getting more serious on short side. Shorted at $44.17 against my and longs.

Recommended Reading

Run don't walk to read Sarge's column on JP Morgan  .  It's a must read and I agree with all of his analysis and with his conclusion.

I Just Don't Love JP Morgan Stock Right Now

I Just Don't Love JP Morgan Stock Right Now

JPM reported the firm's third quarter financial performance and the unofficial start of earnings season is officially underway.

Market Volatility, Fed Speak, Earnings, Treasury Bonds, Trading Apple

Market Volatility, Fed Speak, Earnings, Treasury Bonds, Trading Apple

There probably will be an intense period of market volatility that could stretch farther out than even I projected a couple of months ago.

BlackRock Looks Solid Ahead of Earnings

BlackRock Looks Solid Ahead of Earnings

The charts appear positive so far for BLK.

Why I Would Be Cautious on Banks Going Into Reporting Season

Bank stocks are among the most favored value plays of many money managers and strategists based on the fact that the industry is a direct beneficiary of higher interest rates.  This is indeed true - as banks are balance sheet and income statement se...

Technical Conditions Remain Difficult as Banks Kick Off Earnings Season

Technical Conditions Remain Difficult as Banks Kick Off Earnings Season

While rates are playing havoc with growth stocks, there is other rotational action going on.

Western Alliance Is Making an Upside Breakout

Western Alliance Is Making an Upside Breakout

Let's review the charts and indicators.

Time to Make Bank on the Higher Highs of JP Morgan

Time to Make Bank on the Higher Highs of JP Morgan

Here are our target prices.

A Series of Fortunate Events, Fiscal Cliff, Powell's Prospects, 4 Trading Notes

A Series of Fortunate Events, Fiscal Cliff, Powell's Prospects, 4 Trading Notes

Market volatility could spike in late November/early December just as liquidity walks away. Keep that in mind.

Banks Have Vault-ed Ahead, but Should They Keep Investors' Interest?

Banks Have Vault-ed Ahead, but Should They Keep Investors' Interest?

Bank stocks have been big winners this year, but is there room left to run?

DC Fiscal Freak Show, China Trade, The Week Ahead, My Market Rules

DC Fiscal Freak Show, China Trade, The Week Ahead, My Market Rules

Having a debt ceiling is foolish, it only ever matters to the party currently out of power and never really does what it was intended to... curb federal spending.

Jim Cramer: The Best of Breed Always Get It Right, But Can Facebook?

Jim Cramer: The Best of Breed Always Get It Right, But Can Facebook?

Companies don't become best of breed unless they are the best in everything they do. Facebook hangs in the balance.

A Peculiar Week, Political Maelstrom, Q3 Earnings Season, Time to Sell Nvidia?

A Peculiar Week, Political Maelstrom, Q3 Earnings Season, Time to Sell Nvidia?

The real crisis is not that the Evergrande story will be back, but that China isn't able and politically willing to be the global driver of economic growth it has been.

Checking on the Banks, Bulls

I do not share the growing optimism on bank stocks ("price has a way of changing sentiment") -- and I don't see a new bull market leg in the space.   Indeed, I see reward vs. risk deteriorating moderately in this week's advance.   I have taken a pro...