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JPMORGAN CHASE & CO.

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JP Morgan Chase & Co. Hitting The Top The JPMorgan Chase CEO's WSJ was interviewed recently with Wall Street Journal Editor-in-Chief Emma Tucker, for a range of topics. JPMorgan Chase & Co. Chief Executive Jamie Dimon ranked geopolitics as his top worry and said he's less optimistic about a soft landing than Wall Street in an interview on Thursday. While Wall Street seems to be betting of a roughly 70% chance of avoiding a recession in a so-called soft landing in the economy, Dimon said he sees the odds about half that. The green economy, the remilitarization of the world, fiscal deficits and geopolitics are all factors that could keep inflation higher for longer, he said. "When I look at the range of possible outcomes, you can have that soft landing," Dimon said. "I'm a little more worried it may not be so soft and inflation may not quite go away as people expect. I'm not talking about this year - I'm talking about 2025 or 2026." While the economy continues to do well for the majority of Americans due to low employment, rising home values and stronger stock prices, the threat of slow growth and inflation - stagflation - from roughly 45 to 50 years ago could return. "It looks a little bit like the 70s to me," Dimon said. "Things looked pretty rosy in 1972. They were not rosy in 1973. Don't get lulled into a false sense of security." Dimon said he has "enormous respect" for Jerome Powell when asked whether the Fed chairman is doing a good job as the central bank signals that it's not in a hurry to cut interest rates. "I think the Fed was probably late in raising rates," Dimon said. "They caught up. They're probably right in watching right now. We don't know what's going to happen. They might as well wait." Dimon declined to state a preference in presidential candidates and said the bank would work with whomever is in the White House. Biden's economic policies are working "partially," he said, party due to the huge amounts of economic stimulus such as the Bipartisan infrastructure bill, which Dimon praised. But the bottom 20% of wage earners in the U.S. continues to struggle. "If you go to rural America, or inner cities, I'm not sure they feel they're being lifted up by this economy," he said. He avoids social media but said he pulls up popular destinations such as TikTok once a year to see what's happening on them. "I am not a fanatic on the phone....I think people should spend a little less time on that and a little more time thinking," Dimon said. "I'm not on any social media." In technical terms, JPMorgan Chase's stock (JPM) has risen 14.43% so far in 2024 (compared to a 7.48% gain by the S&P500), hit the Upper side of Long-Term upside channel near $200 per share, able to further technical declines.
NYSE:JPM
by Pandorra
JPMorgan profit rises 6% But stock Plummets by 4.82%Amidst a 6% surge in profit, JPMorgan Chase ( NYSE:JPM ) faces a rocky road ahead as its interest income forecast falls short, resulting in a 4.82% stock plummet. Despite the bank's robust financial performance in the first quarter, JPMorgan's ( NYSE:JPM ) projection for income from interest payments failed to meet analysts' expectations, triggering a dip in its shares. CEO Jamie Dimon's cautious outlook underscores the uncertainties looming over the economic horizon, including global conflicts, inflationary pressures, and quantitative tightening. While the bank anticipates an uptick in net interest income (NII) for the full year, it fell short of market predictions, signaling potential challenges ahead. The dip in share value, however, contrasts analysts' positive sentiments regarding JPMorgan's overall performance in what was described as another "solid" quarter. As the banking giant grapples with economic uncertainties, its succession plans come into focus, with potential successors to Dimon's leadership identified by the board. Amidst speculation about Dimon's future, both within the bank and potentially in a governmental role, the stability and trajectory of JPMorgan remain under scrutiny. Despite the challenges, JPMorgan ( NYSE:JPM ) continues to expand its workforce and navigate evolving market dynamics, demonstrating resilience in a volatile financial landscape. Technical Outlook JPMorgan ( NYSE:JPM ) stock is nosediving toward a new support zone. The Relative Strength Index (RSI) of 36.91 reaffirms the thesis. The stock is trading below the 50-day Moving Average (MA). JPMorgan's ( NYSE:JPM ) 4-month Price chart shows a "Bearish Harami" candlestick pattern.
NYSE:JPMShort
by DEXWireNews
Advanced Technical Analysis: JPMorgan Chase & Co. (JPM)JPMorgan Chase & Co. (JPM) is trading in the penumbra of a high-performing quarter, closing the session at $194.53, with a marginal dip of 1.33%. As the stock approaches its earnings report in two days, the market's appetite for risk in banking stocks is evident in the trade volume of 3.84M, closely aligned with its daily average. Ichimoku Analysis: The price action is nested comfortably above the Ichimoku cloud, portending a bullish landscape. However, the conversion line (blue) is poised for a potential bearish crossover with the baseline (red), warranting a meticulous eye for an impending shift in sentiment. Momentum Indicators: The RSI lingers at 66.27, teasing the precipice of the overbought region, reflecting sustained buying pressure. Meanwhile, the Stochastic oscillator presents a divergent narrative, dipping towards the neutral zone from an overbought condition, suggesting potential price stabilization or reversal. MACD & Volume: A subtle bearish convergence on the MACD with the signal line inching towards it forecasts a cooling of the bullish fervor. The On-Balance Volume (OBV) exhibits a minor descent, intimating at a slight decline in volume-weighted buying pressure. Price Targets: In the bullish scenario, a continued thrust above the recent high near the $200 mark is plausible, setting an intermediate target at the $205 psychological resistance. Conversely, a bearish reversal could seek support at the cloud's upper bound near $186.12, with a further bearish outlook possibly challenging the $180 support zone. Conjecture: With the earnings report on the anvil, JPM's technical posture is a harbinger of volatility. Investors are advised to strap in for price oscillations that may test both support and resistance mettle. Caution is the watchword, with a side of opportunistic zeal to capitalize on potential breakouts or breakdowns post-earnings release. Synopsis: JPM's technicals are a mosaic of bullish overtones with whispers of caution. While the momentum indicators hint at an overheated market, the trading above the Ichimoku cloud and the prevailing uptrend suggest resilience. Stakeholders should brace for earnings-induced turbulence, with a strategy to exploit the resultant market waves. Disclosure: This analysis is speculative, based on current market indicators and patterns. It should not be construed as financial advice. Investors should conduct their due diligence or consult a financial advisor before making any investment decisions.
NYSE:JPM
by AxiomEx
2
JP Morgan Chase & Co, dailyShares in JP Morgan Chase and Co (symbol ‘JPM’) had a rather aggressive bullish rally in the first quarter of 2024 and managed to gain around 17% in value. JPM is expected to release its earnings report for the quarter ending March 2024 on Friday 12 April, before the market opens. The consensus estimate for earnings per share is $4.22 compared to the result for the same quarter last year of $4.10. ‘ In four out of the last five quarters, the company is recording higher net income, and its expected to continue to do so given the aggressive bullish momentum in the first quarter of the year. On the other hand, as of 31/12/2023, the current ratio is at 91% indicating that any short-term turmoil could potentially have a significant impact on the operations of the company. From a dividend perspective, the yield is currently at 2.15% which is rather positive from the shareholders' viewpoint making the share of the company somewhat more attractive. On the technical side, the price has been trading in a steady bullish momentum for the majority of the first quarter and also reached a new all time high level of $199.13 on March 28, 2024. The Stochastic oscillator is near the extreme overbought level while the price is trading above all technical indicators potentially indicating a correction in the following sessions leading up to the earnings release. On the other hand, the 50-day moving average is trading well above the slower 100-day moving average validating the overall bullish trend in the market.
NYSE:JPM
by Exness_Official
JPM JPMorgan Chase & Co Options Ahead of EarningsIf you haven`t bought JPM before the previous earnings: Then analyzing the options chain and the chart patterns of JPM JPMorgan Chase & Co prior to the earnings report this week, I would consider purchasing the 170usd strike price in the money Calls with an expiration date of 2024-4-19, for a premium of approximately $28.00. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NYSE:JPMLong
by TopgOptions
JP MORGAN: Expect bullish continuation $225.JP Morgan may be almost overbought on its 1M technical outlook (RSI = 69.738, MACD = 14.790, ADX = 37.379) but as you can see on this chart, this is when the stock tends to make a bullish extension instead of a correction. Especially since the 12 year pattern is a Channel Up and is currently on its fourth Bullish Wave of the structure. All prior bullish sequences have been over +124%, so we have a similar extension target (TP = 225.00) before any medium term correction takes place. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NYSE:JPMLong
by InvestingScope
JPM Earnings Next Week: Will Buybacks Hold Up the Stock?NYSE:JPM reached New Highs recently with a huge number of buybacks driving the stock upward so fast and so high. The big bank has also been busy gobbling up regional banks for two years now. JPM's floor traders, trading aggressively in a few key industries, are doing well. However, Revenues and Earnings were down last quarter over the prior quarter. And Volume is trending slightly lower over the quarter. An overextended run into earnings often sees profit-taking ahead of or on the day of the report. Smaller funds are in speculative mode chasing the buybacks. Why did smaller funds rush to buy on earnings last quarter? Year over Year comparisons show revenues and earnings are up. Year over year often distorts current values. What matters is the most current data, quarter over quarter, for the Buy Side Institutions.
NYSE:JPM
by MarthaStokesCMT-TechniTrader
JPMorgan Chase & Co. Surges to New All Time High JPMorgan Chase & Co. has recorded a surge in its all-time high amidst market volatility, currently trading at $200 per share with a Positive Relative Strength Index (RSI) of 72.90. With U.S. stocks experiencing one of their best six-month runs in over a decade, JPMorgan Chase & Co. ( NYSE:JPM ) is at the forefront of this market momentum. The financial giant's upcoming earnings report is expected to set the tone for the banking sector, with investors eagerly awaiting insights into its performance amidst evolving market dynamics. Driven by surging tech stocks and aligned interest rate forecasts with the Federal Reserve's outlook, the current market landscape is optimistic. However, analysts caution that the current rally may face headwinds in the second half of the year, and concerns linger over valuations and the potential impact of higher interest rates. Against this backdrop, JPMorgan's upcoming earnings release holds significance as a barometer of market sentiment and economic health. JPMorgan's upcoming earnings report on April 12th will provide crucial insights into the banking sector's performance. Analysts expect earnings per share (EPS) of $4.21 for the current quarter, indicating a modest increase of 2.7% year-over-year. However, for the current fiscal year, consensus estimates point to a slight decline of 3%, highlighting the challenges faced by financial institutions amidst changing market conditions. Revenue estimates for the current quarter suggest a year-over-year increase of 6.3%, reflecting JPMorgan's resilience in generating top-line growth. The bank's track record of beating EPS estimates in the past four quarters underscores its ability to deliver shareholder value even in a challenging operating environment. As investors assess JPMorgan's valuation, the bank's strategic initiatives in wealth management offer potential avenues for growth. The launch of the Wealth Plan tool underscores JPMorgan's commitment to expanding its reach in wealth management and attracting new investments. With a focus on financial planning and personalized advisory services, the bank aims to capitalize on emerging opportunities in the wealth management space. JPMorgan's earnings report will provide insights into the bank's resilience and adaptability. With a track record of innovation and strategic foresight, JPMorgan ( NYSE:JPM ) remains well-positioned to weather market challenges and deliver long-term value to shareholders. As such, investors eagerly anticipate the bank's financial results and strategic outlook amidst evolving market dynamics.
NYSE:JPMLong
by DEXWireNews
JP MORGAN -15% correction very likely.JP Morgan Chase (JPM) has been trading within a Channel Up since the October 12 2022 market bottom. Friday's high is technically at the top (Higher Highs trend-line) of that Channel Up. The 1D RSI sequence is similar to the one that led March 06 2023 High and subsequent correction. As you can see, every Higher High rejection (two so far on that pattern) has corrected by around -15%. As a result, we expect a minimum pull-back, below the 1D MA50 (blue trend-line) and towards the 1D MA200 (orange trend-line) of -14.77%, giving us a target of 173.00. That would be exactly on the 0.382 Fibonacci retracement level of the last Higher Low of the Channel Up, similar to March 23 2023. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:JPMShort
by TradingShot
1
JPM a financial rockstar in stampede mode LONGJPM on the daily chart has plain and obvious consistent momentum albeit with corrections. The markets are expected to thrive in this lection year and three rate cuts are projected in the net 8 months. The best time to buy JPM was both March 22 and October 23. I suggest the next best time is now before the forecasted rate cuts are factored into price ahead of the cuts. I just got notified of unusual options volumes for a price of 220 for the July 24 expiration which is not a surprise and is the month of the presidential nominating conventions. That is 10% above current price and suggests the options buyers are expecting price to be in that money by July meaning maybe a target for price is 225-250. No matter, I am getting mine now before the prices rise.
NYSE:JPMLong
by AwesomeAvani
JPM Cup and HandleCurrently, my eyes are focused on couple of stocks with good potential and positive fundamentals following them. The one I am watching for quite some time now is JPM, JP Morgan, one the biggest US banks. JPM with $3.7 trillion in assets at this moment, is the largest US bank, and it has a full 16.3% of the total assets held by all the US commercial banks. This graph provided by Barrons shows how big the JPM truly is. images.barrons.com What to consider in this stock: 1. Due to possibility of additional bank collapse in the US, price may fluctuate more than usual. Always make sure to have an exit point, especially in turmoil times like we are having at the moment. 2. Currently, chart is showing us a potential Cup and Handle formation in making. The Daily level is the one I am focused on at the moment. 3. Some potential price levels I am currently looking: I wouldn't consider buying the stock if it drops bellow the $131.75 level, which was the last support the price of the stock had. 4. Potential buy point, which will be my safe entry zone will be at break of the last resistance zone sitting at $141.10 price level. 5. If the scenario goes as planned, my potential price limit for Take Profit levels will be based on the current moves by the overall market and the stock itself, meaning, I will not have a price range with the TP level. I will just follow along. 6. Most important, my Stop Loss levels will be firmly set to $131.5 price level, sitting just under the 50SMA line and the last wick of the candle which dipped bellow the line itself. As always, I am not financial advisor. I am investor who is putting his money on the markets. Please make sure to do your due diligence and see if this potential scenario will suit your investor needs.
NYSE:JPMLong
by De_Banis
2