JPMorgan Chase & Co. (JPM)

95.20
0.90 0.94
NYSE
Prev Close 96.10
Open 95.91
Day Low/High 95.03 / 95.95
52 Wk Low/High 76.91 / 141.10
Volume 13.33M
Exchange NYSE
Shares Outstanding 3047.02B
Market Cap 294.46B
P/E Ratio 10.92
Div & Yield N.A. (N.A)

Large Money Center Banks Represent One of the Most Attractive Areas of the Market Today

* Bank stocks have broken out technically - a good thing (see Rev Shark's comments below) * The fundamental outlook for banks is excellent - an even better thing * The banking industry's excess capital position, the power of its deposit base and abs...

Inflationary Concerns, Banks Report Earnings, Netflix Soars: Market Recon

Inflationary Concerns, Banks Report Earnings, Netflix Soars: Market Recon

I did warn publicly back in another epoch that quantitative easing would lead toward increased consumer level inflation.

Price Action Trumps Logic for Now, but Earnings News Will Likely Shift Sentiment

Price Action Trumps Logic for Now, but Earnings News Will Likely Shift Sentiment

The current market action looks similar to what occurred in mid-February.

My, How Quickly We Change Our Views

My, How Quickly We Change Our Views

The banks are changing their stance, so let's see what the indicators say.

Will the Market Say, 'No Guidance, No Problem' This Earnings Season?

Will the Market Say, 'No Guidance, No Problem' This Earnings Season?

In view of the obvious economic issues that the market faces, it is interesting that sentiment is not more negative.

The Virus Remains in Control, Unrealistic V-Shaped Recovery, Trading 2 Stocks

The Virus Remains in Control, Unrealistic V-Shaped Recovery, Trading 2 Stocks

I do think the key to reopening this economy is one of greatly expanded testing for Covid-19, once a reliable treatment has made it past clinical testing, and into mass production.

Can the Fed Fix the Market's Economic Uncertainty?

Can the Fed Fix the Market's Economic Uncertainty?

Forget the issue of a retest of the lows for now and focus on new areas of technical support.

Here's My Risk Level for Going Long JPMorgan Chase

Here's My Risk Level for Going Long JPMorgan Chase

I am not convinced that JPM, and most banks for that matter, will quickly return to the kind of profitability they have seen in the past.

New Buy (and Short) Levels

* My revised levels I don't want there to be any ambiguity about the size of my positions or about my buy and short levels as I strive for as much transparency as possible. "When the time comes to buy, you won't want to." --Walter Deemer "When the t...

Jim Cramer: What Stands Out Now? There's an Appetite for Risky Debt

Jim Cramer: What Stands Out Now? There's an Appetite for Risky Debt

It could make the difference if the debt and equity markets remained thawed after a brief period of freezing.

Market in Earliest Stages of Recovery, Fed to the Rescue, Good Luck Carnival

Market in Earliest Stages of Recovery, Fed to the Rescue, Good Luck Carnival

There is no doubt that this is the most aggressive and pro-active Fed since at least the days of Paul Volcker's tug of war with consumer level inflation, not to mention the Reagan administration.

Fed, Banks and JP Morgan

The move by the Fed toward funding small business loans from banks will allow banks to increase their exposure to the program. Color this positive for bank stocks. Meanwhile, from my perch, the media misinterpreted Jamie Dimon's comments about JP Mo...

Recommended Reading

Sarge on "A Reason to Chase," is a great and must read analysis of JP Morgan .

A Reason to 'Chase'

A Reason to 'Chase'

CEO Jamie Dimon is back and the firm is in good shape, even if times are rough, so I plan to add on weakness.

A Trio of Financials That Could Provide Unusual Long Term Value

* Morgan Stanley, Goldman Sachs and Wells Fargo are on deck this morning * Will 2021 mark a renaissance for investment banking and for investment bankers MS and GS? * There is an opportunity today to become a "partner" in Morgan Stanley and/or Goldm...

From the Street of Dreams

Several moves in stocks I am involved with: * MKM upgrades with a $64/share price target. (The shares are +$2 or +4%)  * Goldman place on its Best Ideas List with a $61/share price target. (The share are down by-1%). * Keefe upgraded with a $120/sha...

Less Pontification, More Bottom-Up Ideas

* Will be forthcoming... At all times, but particularly during a crisis, circulating bottom-up investment ideas is of paramount importance. Don't get me wrong, a market view is very important - and so is the analytical discussion surrounding that ma...

March 2020 Is Gone With the Wind

March 2020 Is Gone With the Wind

'The Fed has just put the economy in an induced coma, attaching it on fiscal and monetary life support, hoping that when the time passes it can be brought back to life.'

I Remain Aggressively Long Money Center Banks

* On Monday I analyzed/stress tested BAC (my second favorite bank stock on reward vs. risk basis) * Today I look at revised EPS and price target models for JPM and C (my current favorite bank stock) * I continued to add to my money center bank holdi...

Bank of America and the Large Money Center Banks Represent Unusual Intermediate Term Value

* Over the weekend I "stress tested" Bank of America's earning projections (and that of the other money center banks) * The Covid-19 inspired recession will result in only about a 5-6 quarter long push back of normalized EPS for BAC * Though earning...

Q2 Earnings Expectations, 4 Key Economic Questions, Trading Abbott Labs

Q2 Earnings Expectations, 4 Key Economic Questions, Trading Abbott Labs

I do believe that having no economy is temporary. I also believe that what comes out on the other side will be smaller, far less global.

A Look at Our Situation Now: Good, Bad, and Ugly, and 3 New Stock Groups

A Look at Our Situation Now: Good, Bad, and Ugly, and 3 New Stock Groups

Consider these stock model ideas: virus groups, work remotely, and fiscal.

Let's Rewind to 2008 -- and Not October

Let's Rewind to 2008 -- and Not October

Take a rest from the chart of 2010 to see some similarities from two peaks about 12 years ago.

Bear Markets Do End, But What Should Investors Be Doing Now?

Bear Markets Do End, But What Should Investors Be Doing Now?

At the end of the day, investors really have only three choices to make when managing an investment portfolio -- buy, hold, or sell.

I See a Smorgasbord of Possible 'Generational' Opportunities: Constructing an Investment Portfolio for the Next 1-3 Years

* Before you read this opening missive be sure you understand your risk appetite and profile as well as your time frame * I see a possible "generational" investment opportunity developing and I am now even more aggressively buying for the intermedia...

How Much of a Countertrend Bounce Would Fiscal Stimulus Bill Produce?

How Much of a Countertrend Bounce Would Fiscal Stimulus Bill Produce?

Be clear about your trading and investing style and don't confuse a bounce with a bottom.

JPMorgan Raised to Buy at DZ Bank

Market Friendly Developments?

* Ns over Ss! * The lingering impact of COVID-19 on our behavior helps to explain my large long investments in Google, Amazon and Twitter * Banks were the problem in the last recession, they will be part of the solution over the next few years I am ...

I'm Glad That I'm Long Amazon

I'm Glad That I'm Long Amazon

There's a pretty good chance that at some point, I will wish that I was longer.

Thank the Fed, Cessation of Economic Activity, Rescuing Airlines, 3 Key Stocks

Thank the Fed, Cessation of Economic Activity, Rescuing Airlines, 3 Key Stocks

When the central bank is on top of their game as they have been of late, credit must go where credit is due.