JPM rows with a strong level of supportIdea: Long
Horizon: 2-3 weeks
Target: $113.5
Potential of the idea: 7%
Entry volume: 13%
Stop order: $102.3
Technical analysis
The paper came to a strong support level. It is worth opening a position from the current level at 13% of the portfolio. By placing a stop order at the level of $102.3 the risk on the portfolio is 0.45%. The profit/risk ratio is 2.04.
Fundamental factor.
JPMorgan Chase & Co- is an American multinational financial conglomerate, one of the largest banks in the world. The Financial Stability Board (FSB) has recognized JPMorgan Chase & Co. as the most important financial conglomerate in the world, ranked first in the list of globally systemically important banks in the world. As the largest investment bank in the world and the largest commercial bank in the United States, it is one of the "Big Four" banks in the United States, along with Bank of America, Citigroup and Wells Fargo. On Friday, October 14, the U.S. corporate reporting season kicks off, with banks traditionally being the first to report. Analysts expect JPMorgan's revenue to rise to $32.11 billion and earnings per share to $2.92. If the reports will exceed analysts' expectations and the forecasts for the next quarter will be favorable, the market may put the current positive in the price.
Jpmorgan
JPM - Trend-Following Setup!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
JPM is overall bullish trading inside our brown rising broadening wedge and it is currently approaching a demand zone and round number 100.0
Moreover, the lower brown trendline act as non-horizontal support.
Thus, the highlighted purple circle is a strong area to look for buy setups as it is the intersection of:
1- Green Demand Zone
2- Brown Trendline
3- Round Number 100.0
As per my trading style:
Since JPY is already around the purple circle, I will be looking for reversal bullish setups (like a double bottom pattern, trendline break , and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
JPM JPMorgan Chase & Co. Options Ahead Of EarningsIf you haven`t sold JPM after the profit fall:
Then you should know that looking at the JPM JPMorgan Chase options chain, i would buy the $104 strike price Puts with
2022-10-14 expiration date for about
$2.09 premium.
Looking forward to read your opinion about it.
JPM (double) BottomingWe are forming a double bottom patten at the 61.8 Fib Retracement level just 5 days before earnings.... Sentiment is weak despite significant boost in Net Interest Margin. Inverted Yield Curve and collapse of capital markets and mortgage activity does not bode well for JPM however I believe this reality is already priced in to the stock and we are set up for a nice pop.
JPM is obviously a blue chip company and down almost 70 dollars from the highs. I will be trading this with a tight stop against the long term up trend line and the fib retracement but this could be a great entry for a long term position as well.
Golden Zigzag on JP Morgan. JPMA Wave, B Wave with ~ 0.618 retracement with fibtime <1, now likely impulsing to the downside. Pretty convincing.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
USDJPY: Possible near top at 145.00USDJPY has rallied 600 pips in the first 5 trading days of September 2022. Wow!! This is an aggressively Bullish pair as major institutions like JP Morgan have raised their interim long targets to 147.50 (August 1998 high).
While I share that same target, there is a possibility of a Reversal at 145 psychological resistance level. Price is currently trading at uncharted territory from the last two decades and this extended run may soon come to an end.
The 250-pip range from 145.00 to 147.50 could cap the strong Bullish run in the interim. The RSI is at the overbought area on the Daily Chart.
The Monthly Chart above shows the last time price hit 145.00/ 147.50. I expect a reaction from this level towards 142.50/ 140.00 if the level holds
On the bigger picture, if price breaks past 145/ 147.50, price may head towards 160.00, 32 year resistance level (April 1990 high).
JP Morgan (JPM) Post Earnings PullbackFor certain stocks I have Spike alerts setup on multiple timeframes to find opportunity. Today a Spike Alert triggered on the 2 Hour Swing Timeframe for NYSE:JPM . Where this spike in the opening morning price is occurring is at the 50% Pullback to the post Earnings rally. I was able to put on a position at the 50% proper this afternoon. This sets up a very low risk entry to play a move back to retest to highs of the post-earnings rally and beyond.
JPMorgan Chase | Fundamental Analysis | MUST READ | SHORT 🔔JPMorgan Chase, the largest U.S. bank by assets, upset the market last week when it reported second-quarter earnings that fell short of analysts' expectations. The bank also suspended share repurchases to raise capital to prepare for higher capital requirements in 2023 and 2024. After these two setbacks, is it still safe to buy the bank's stock?
JPMorgan's main second-quarter numbers are certainly not what investors wanted to see, but still, most of them were expected.
The Federal Reserve's annual stress test and consistent warnings from JPMorgan management told anyone who paid attention that capital requirements would increase, leaving the bank with less excess capital to distribute to shareholders. The bank still has a tremendous amount of capital but has essentially become a victim of its own success as the bank's growing size and other factors have led to higher regulatory capital requirements.
Incredibly strong corporate and investment bank JPMorgan Chase also posted its least profitable quarter in the past five quarters, posting a profit of about $3.7 billion. Investment banking fell sharply as events such as initial public offerings (IPOs) did not take place this year amid market volatility and uncertainty. Investment banking revenues fell by nearly $2.1 billion from the same quarter last year. Nevertheless, JPMorgan maintained its No. 1 position in the investment banking sector in terms of wallet share.
Although the bank fell short of forecasts, there were a few positives to note in the quarter. Lending continued to grow, and net interest income ( NII) - the profits that banks make from loans, securities, and cash - also grew.
Total average loan balances were up 2% from the previous quarter and up 7% year-over-year. Credit card balances jumped 9% in the quarter and rose 17% year over year. Commercial loans at the end of the period were also up 4% quarter-over-quarter and 10% year-over-year, with particular growth in the mid-market banking sector.
Banks are also in the most aggressive increase in interest rates not seen since the Great Recession. NII was $15.2 billion in the quarter, up $1.3 billion from the first quarter. In addition, management raised its NII forecast and now expects NII, excluding market-related NII, to be $58 billion for the year, up from the previous forecast of $56 billion.
Credit quality so far remains very high, and management also maintains its forecast for spending at $77 billion for the year.
Although the forecasts fell short, JPMorgan still posted a 17% return on tangible total equity (ROTCE), which is the bank's return on equity after deducting intangible assets and goodwill.
This figure is in line with the bank's immediate financial goals. In addition, NII continues to improve. We are hopeful that investment banking activity will begin to recover later this year. While capital returns will be more modest in the near term, JPMorgan still has a tremendous amount of capital and is indeed constrained by regulators, which is beyond its control.
The bank's stock currently trades at 163% of its book value or net worth, and less than eight times earnings, a historically low valuation in recent years. For this reason, we rate the stock a "buy" because, despite the lower valuation, the bank's business has only gotten stronger in recent years.
$JPM Technical Outlook - The Best Area for Long Term Buyers$JPM is slowly trading in really great areas for buys. If price gives the confirmation I am confident in getting into buys.
As always: Do your own research and backtest a strategy before applying a random stranger's markup. Stay save - Max Power
NYSE:JPM
Finding a silver lining in JPMorgan’s 2Q earnings report Yesterday, JPMorgan Chase (NYSE: JPM) reported that the bank's second-quarter earnings fell as a result of adding $428 million in bad loan reserves.
With this view, JPMorgan has chosen to temporarily halt its share repurchases in order to meet regulatory capital requirements.
According to a statement from JPMorgan, the reserve rise was primarily to blame for the earnings decline of 28% from a year earlier to $8.65 billion. Additionally, JPMorgan, which has one of the largest operations on Wall Street, was hurt by the slowdown in Wall Street transactions. Investment banking fees dropped sharply by 54% to $1.65 billion, $250 million less than the forecasted $1.9 billion.
Fixed income trading revenue increased by 15% to $4.71 billion, Although it still fell far short of analysts' expectations of $5.14 billion for the quarter while strong results in macro trading were offset by a decline in credit and securitized products, resulting in a quarter-end revenue that was far below analysts' $5.14 billion projection.
On the positive side of its report, revenue from equity trading increased by 15% to $3.08 billion, beating the estimate of $2.96 billion. Rising U.S. interest rates and a growing book of loans are two positive factors for the firm. For the quarter, net interest income increased by 19% to $15.2 billion, exceeding analysts' expectations of $14.98 billion. JPMorgan stated during the firm's investor day in May that rising rates will allow it to surpass its main goal of 17% returns this year faster than anticipated. However, the firm has achieved that goal this month.
JPM stock dropped about 5% in intra-day trading on Thursday but found the support to finally settle only 3.5% lower at closing. JPM now trades at a 90-week low, but with a rumored 100 basis-points rate hike due from the US Federal Reserve within a couple weeks, perhaps bank stocks will find their bottom before the rest of the market.
JPM - BULLISH SCENARIOJPMorgan Kicks Off Bank Earnings Season
The bank will re-test the major resistance of the falling wedge.
If a positive outcome occurs the next major resistance level is located at $132, or more than a 16 % possible return for the bulls.
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JPM options ahead of earningsIf you haven`t shorted JPM after the Q1 results:
then ahead of Q2 earnings I would buy the following JPMorgan Chase & Co. (JPM) puts:
2023-1-20 expiration date
$113.19 entry price (approximatively)
$90 strike price
$3.15 premium/share
Looking forward to read your opinion about it.
JPMorgan Falls Thru Trap-Door Equivalent to Pre-COVID HighsNot much of an explanation needed here... financials have been struggling, and JPM right along with them. What's notable here is that price has fallen below the pre-COVID highs, which means that all recapture, plus growth obtained prior to COVID, has all be vanished for stockholders of the mega-bank.
Written & Annotated for the CMT Association.
Adam D. Koós, CFP®, CMT, CEPA
President / Sr. Financial Advisor / Portfolio Manager
Libertas Wealth Management Group, Inc.
Trading Idea - #JPMorganMy trading idea for JP Morgan - SHORT / SELL
Entry: 133.20 USD
Target: 108.00 USD (+18% profit)
Stop: 146.10 USD
JPMorgan Chase & Co . is a global financial services company. The company operates in four segments: consumer & community banking ( CCB ), corporate & investment bank ( CIB ), commercial banking ( CB ) and asset & wealth management ( AWM ).
U.S. banks face huge earnings losses. First-quarter profit expectations for major banks have been cut considering the Russia sanctions and a severe slowdown in business activity.
JPMorgan (NYSE:JPM) is the 17th most popular stock among hedge funds, according to a study by ClearBridge Investments. JPMorgan was in 107 hedge fund portfolios in the fourth quarter of 2021, compared with 101 in the previous quarter. Even with the increasing interest from institutional investors, the stock has lost about -20% in the last 3 months!
Insiders believe "JPMorgan Chase is too big to fail". JPMorgan is indeed an influencing giant of the financial world, but a share price recovery also depends on the global economy and its recovery.
In terms of the chart, we have been in a strong downtrend since November 2021. Again and again, there have been strong moves to counteract it. This has led to high volatility in the share. The SHORT momentum remains and solid ground by a support level is not really in sight.
$JPM Key Levels, Analysis, & Targets$JPM Key Levels, Analysis, & Targets
As long as MacD is under the centerline these are my targets.
I’m not sure how I’m going to play this yet, though…. I’ll wait until after earnings, and honestly I might wait on JPM for some of the lower targets… I've got my alerts set...
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I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…