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JPM - JPMorgan Chase & Co

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by bigbear0083, Mar 31, 2016.

  1. bigbear0083

    bigbear0083 Content Manager

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    [​IMG]

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    JPMorgan Chase & Co. (JPM) is an American multinational banking and financial services holding company headquartered in New York City. It is the largest bank in the United States, and the world's sixth largest bank by total assets, with total assets of US$2.35 trillion. Moreover, it is the sixth largest public company in the world according to the Forbes Global 2000. It is a major provider of financial services, and according to Forbes magazine is the world's sixth largest public company based on a composite ranking. The hedge fund unit of JPMorgan Chase is the second largest hedge fund in the United States. The company was formed in 2000, whenChase Manhattan Corporation merged with J.P. Morgan & Co.

    The J.P. Morgan brand, historically known as Morgan, is used by the investment banking, asset management, private banking, private wealth management, and treasury & securities services divisions. Fiduciary activity within private banking and private wealth management is done under the aegis of JPMorgan Chase Bank, N.A.—the actual trustee. The Chase brand is used for credit card services in the United States and Canada, the bank's retail banking activities in the United States, and commercial banking. The corporate headquarters is located at 270 Park Avenue in Midtown Manhattan, New York City. The retail and commercial bank is headquartered in Chase Tower, Chicago Loop, Chicago, Illinois, U.S. JPMorgan Chase & Co. is considered to be a universal bank.

    JPMorgan Chase is one of the Big Four banks of the United States, along with Bank of America, Citigroup, and Wells Fargo. According to Bloomberg, as of October 2011, JPMorgan Chase had surpassed Bank of America as the largest U.S. bank by assets.
     
  2. StockJock-e

    StockJock-e Brew Master
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    Looks like an interested wedge forming up on the charts here.

    Friday resistance 58.50 being challenged, bank earnings coming out this week, watching for a move above that.
     
  3. NickF

    NickF New Member

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    Will be interesting to see how the earnings for banks are this week
     
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  4. Tiptopptrader

    Tiptopptrader Well-Known Member

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    That makes two of us NickF. The market is expecting the earnings to be weak so any positive surprises could send the prices up, if not look out below.
     
  5. NickF

    NickF New Member

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    General consensus that JPM will set the tone for the rest of the week?
     
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  6. StockJock-e

    StockJock-e Brew Master
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    Yeah, banks are a big sector, how they move will move the entire market!
     
  7. Broody

    Broody New Member

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    Hello :)
    JPM est. $1.26
     
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  8. StockJock-e

    StockJock-e Brew Master
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    Nice move on earnings! +3%

    But if I was long here, I would be locking up profits.

    Sell when everybody is buying!
     
  9. T0rm3nted

    T0rm3nted Moderator
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    JPMorgan cuts 5 percent of Asia wealth management jobs
    JPMorgan Chase & Co (JPM) has cut 30 jobs, or 5 percent of its headcount, at its Asia wealth management business, a source with direct knowledge of the matter said, as the U.S. bank sharpens its focus on tapping wealthier clients.

    Read full article here: http://www.reuters.com/article/us-jpmorgan-wealth-asia-idUSKCN0XA0BB
     
  10. Eric Miller

    Eric Miller New Member

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    JPMorgan posted 1Q16 net income of $5.5Bil, down 7% from last year. EPS was $1.35 as compared to $1.45 in 1Q15. Net revenue fell 3% to $24.1Bil in the quarter. Noninterest revenue was $12.4Bil, down $1.5Bil, mainly due to the market environment impacting the results of the Corporate & Investment Bank and Asset Management. JPMorgan Q1 2016 Earnings Infographics:

    [​IMG]

    Read the transcript and earnings stories here: https://alphastreet.co
     
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  11. T0rm3nted

    T0rm3nted Moderator
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    Broke through and closed above the 200MA today. Looks like clear skies up until about $67 + MACD just crossed over to re-iterate a buy.
     
  12. StockJock-e

    StockJock-e Brew Master
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    One of the best performers today, good bounce of 50dma

    [​IMG]
     
  13. StockJock-e

    StockJock-e Brew Master
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    JPM trying to get a bounce off April support levels.

    Im not sure about the banks here, lots of uncertainty in the near term
     
  14. T0rm3nted

    T0rm3nted Moderator
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    Ex-Div-Date: 7/1/16
    Payment Date: 7/31/16
    Dividend: $0.48
    Current Price: $59.52
    Annual Yield: 2.96%
     
  15. Tiptopptrader

    Tiptopptrader Well-Known Member

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  16. Tiptopptrader

    Tiptopptrader Well-Known Member

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  17. bigbear0083

    bigbear0083 Content Manager

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    JPM is the first real biggie reporting in this next round of earnings season this week!

    Any thoughts here on JPM anyone?

    Here are the consensus #'s on ER when it reports on Friday in the pre-market:

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    JPM is up +6% since last ER on 7/14

    [​IMG]
     
  18. bigbear0083

    bigbear0083 Content Manager

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    JPM up +1% in the pre-market on earnings
    • JPMorgan Chase — The bank posted profit of $1.58 per share, beating estimates of $1.39, and revenue was also above forecasts. Though profit fell from a year ago, JPM did see record commercial banking income as well as double-digit gains in deposits and loans.
     
  19. Tiptopptrader

    Tiptopptrader Well-Known Member

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    JPM reported earnings and revenue that topped Wall Street estimates but now price going negative

    upload_2016-10-14_8-53-30.png
     
  20. khuya

    khuya New Member

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    I believed there were a lot of uncertainty this week due to the feds and reports. But Monday, Mr.Fischer will bring it back up.
     
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