JPMorgan Chase (JPM)

Re: JPMorgan Chase (JPM)

Postby winston » Thu Mar 01, 2018 8:46 pm

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ANOTHER FINANCIAL POWERHOUSE IS SHOWING STRENGTH

Today's chart highlights a major bank benefiting from economic reforms...

We often like to check in on America's "financial backbone" – that is, the country's biggest banks. These include firms like Morgan Stanley (MS), Bank of America (BAC), and Citigroup (C).

When big banks are thriving, that typically means our economy is, too... It shows Americans are making and saving money.

JPMorgan Chase (JPM) is among these companies. With $2.5 trillion in assets, it's the largest bank in the U.S. The firm returned about $6.7 billion to shareholders in the fourth quarter. And like many banks, JPMorgan is also benefiting from the recent tax reforms.

Its effective tax rate will likely drop from 35% to 19%... And it recently stated that it will use these savings to open new branches, raise wages, and increase lending to small businesses.

As you can see in the chart below, shares are sitting at fresh all-time highs. The stock is up around 30% over the past year. Many expect tax reform to boost economic growth in the U.S. And right now, it's doing wonders for this banking giant...

Source: Daily Wealth
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Re: JPMorgan Chase (JPM)

Postby winston » Mon Sep 03, 2018 9:12 am

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JP Morgan Chase (NYSE: JPM)

I love financial stocks. Banking and finance have become the growth engines of America
and the world. JP Morgan is a leader in the space with the shares climbing nearly 27% over the last 52 weeks. While only up just under 8% in 2018, the company’s P/E ratio of around 14 makes it a value buy.

It is particularly interesting that JPM is part of ETFs focused on value and those focused on momentum. The fact that professional money managers see JPM as both a momentum and value stock is compelling.

Right now the shares have pulled back off the highs, and the technical picture looks a little iffy. Despite loving the company, waiting is the smart move.

Enter longs on a break out above $118.00 per share with a target of $133.00 per share and stops at $114.93 per share makes sense right now.

Source: Street Authority
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Re: JPMorgan Chase (JPM)

Postby winston » Mon Sep 03, 2018 9:12 am

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JP Morgan Chase (NYSE: JPM)

I love financial stocks. Banking and finance have become the growth engines of America
and the world. JP Morgan is a leader in the space with the shares climbing nearly 27% over the last 52 weeks. While only up just under 8% in 2018, the company’s P/E ratio of around 14 makes it a value buy.

It is particularly interesting that JPM is part of ETFs focused on value and those focused on momentum. The fact that professional money managers see JPM as both a momentum and value stock is compelling.

Right now the shares have pulled back off the highs, and the technical picture looks a little iffy. Despite loving the company, waiting is the smart move.

Enter longs on a break out above $118.00 per share with a target of $133.00 per share and stops at $114.93 per share makes sense right now.

Source: Street Authority
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: JPMorgan Chase (JPM)

Postby winston » Tue Nov 13, 2018 10:45 am

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JPMorgan Chase (JPM)

In the 1970s, banking was completely different from what it is today. It was done in banks, and that was considered best for the long-term.

Back then, Automated Teller Machines (ATMs) were brand new. James Goodfellow, a Scot, patented the key technology, the four-digit Personal Identification Number (PIN), in 1966, and the first U.S. ATM appeared in 1969.

That ATM was owned by Chemical Bank. Chemical was one of the industry’s leading consolidators, buying other banks willy-nilly, culminating in the acquisition of Chase Manhattan in 1996, at which time it assumed the Chase name. The successor to that company, after many more mergers, is JPMorgan Chase (NYSE:JPM).

JPMorgan Chase today has assets of over $2.5 trillion, and its value has doubled over the last five years under CEO Jamie Dimon. Dimon, of course, is close to my own age, and I can’t guarantee his successors will be as savvy as he has proven to be.

I can’t even guarantee that banking will remain what it is today. Few industries are being as directly impacted by technology as banking. There are now branches with no employees, and cash cards are being replaced by phone apps.

Maintaining control over depositors’ money, distributing loans to businesses and individuals, and managing corporate treasuries are all subject to disruption by “fintech,” which replaces cards and mainframes with clouds and software.

But, just as Chemical turned into JPMorgan Chase because its deposits had value, so will the larger bank evolve, and I suspect my kids’ money will evolve with it.

Source: Investor Place
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Re: JPMorgan Chase (JPM)

Postby winston » Sat Apr 20, 2019 12:00 pm

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A bank the best bank investor is buying

by Jordan Wathen

It's worth paying attention to anything that Warren Buffett is buying or selling for Berkshire Hathaway, and when Buffett's buying banks, you should really pay attention.

Buffett's recent investments in JPMorgan Chase have caught my eye for two reasons.

First, Berkshire has outsize exposure to the banking industry already, so to add to his bank bets suggests he sees enough value to compensate for concentrating his investments in one sector.

Second, JPMorgan is a very new addition to the portfolio, but the position is already large enough that it seems likely to be a stake Berkshire finds worthy of holding "forever."

As Buffett pointed out in a recent interview, JPMorgan Chase reliably earns returns in excess of the banking industry average, earning an annualized return on tangible equity of 19% in the most-recent quarter.

Though that performance won't be duplicated in perpetuity -- low loan losses are never a permanent fixture for any bank -- it's notable that the bank is earning stellar returns in an interest rate environment that is far from ideal (short-term rates have increased faster than long-term rates).

In a competitive industry, JPMorgan's high returns can be attributed to its scale and ability to underwrite and manage risk. The bank benefits from being the largest in the country by assets, spreading its expenses across a bigger balance sheet. Its credit performance is stellar, given the bank remained profitable even in the depths of the financial crisis. Last year, it charged off just 0.52% of loans, the lowest net charge-off ratio since the financial crisis.

JPMorgan is not the kind of stock that will double overnight, or even over the next year, but it's a great bank stock to buy, hold, and otherwise forget about.

Source: Motley Fool
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Re: JPMorgan Chase (JPM)

Postby winston » Sun Jun 02, 2019 3:06 pm

JPMorgan (JPM)

With long-term interest rates falling, big bank net interest margins are under growing pressure. Thus, big bank stocks like JPMorgan (NYSE:JPM) are getting hit, pushing shares down below their 200-day moving average for the first time since April.

Watch for a likely decline to the late-March low, which would be worth a loss of roughly 8% from here.

The company will next report results on July 16 before the bell.

Analysts are looking for earnings of $2.54 per share on revenues of $28.8 billion.

When the company last reported on April 12, earnings of $2.65 beat estimates by 30 cents on a 4.4% rise in revenues.

Source: Investor Place
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Re: JPMorgan Chase (JPM)

Postby behappyalways » Wed Jul 15, 2020 1:13 pm

J.P. Morgan Chase's stock surges after profit beat expectations, amid strength in markets revenue
https://www.marketwatch.com/story/jp-mo ... 2020-07-14
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Re: JPMorgan Chase (JPM)

Postby winston » Wed Oct 14, 2020 7:05 am

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JP Morgan posts US$9.4b earnings, credit loss provisions shrink to US$611m

JPMorgan Chase saw its profits improve marginally in the third quarter, a notable change after the largest bank in the US had to set aside billions in the last two quarters, to cover losses from the coronavirus pandemic.

The New York-based bank said Tuesday that it earned a profit of US$9.44 billion, or US$2.92 a share, in the July to September period.

That’s up from a profit of US$9.08 billion, or US$2.68 per share, in the same period a year earlier.

The results beat analysts’ expectations for earnings of US$2.23 a share, according to FactSet.

The biggest surprise in JPMorgan’s results was the bank’s decision not to set aside any significant funds to cover potentially bad loans.

Since the pandemic spread across the U.S. in March, banks like JPMorgan had been setting aside billions to cover loans that once were fine but suddenly were in question due to the economic shutdowns.

JPMorgan had US$611 million in loan loss provisions this quarter, a fraction of the US$10.47 billion the bank set aside in the second quarter.

Source: AP

https://www.thestandard.com.hk/breaking ... to-US$611m
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Re: JPMorgan Chase (JPM)

Postby winston » Wed Oct 14, 2020 7:13 am

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JPMorgan, the biggest bank in the country, made $9.4 billion on the quarter. That's $2.92 in EPS—a record!

But that was only a record quarter because last quarter, second quarter, it stripped out $8.9 billion and set it aside for "loan loss provisions."

If you add that back, in the second quarter, the worst quarter in U.S. economic history, JPMorgan really made a record $13.6 billion, on record revenue.

The bank (and its peers) managed down earnings last quarter, by carving a huge chunk out for "reserves."

This quarter, with the economy roaring back, both Citi and JPM let most of the earnings flow to the bottom line (they dialed down the loan loss provisions dramatically...just $314 million for Citi on the quarter and $611 million for JPM).

But here's where it gets very interesting. Assuming the economic recovery continues, this war chest of loan loss reserves will ultimately become earnings for the big banks, to be realized at their discretion. That's a lot of earnings to distribute to shareholders.

Source: Forbes
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Re: JPMorgan Chase (JPM)

Postby winston » Wed Oct 28, 2020 9:08 pm

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JPMorgan Chase (JPM)

JPM stock has a relatively high beta of 1.13 as compared to other safe stocks discussed in the column. However, I like JPM stock for several reasons.

JPM stock offers an annual dividend of $3.60 and has an attractive dividend yield of 3.5%.

The banking sector has been an underperformer. JPM stock has declined by 17.5% in the last year. However, the stock has been in a consolidation zone and it’s likely that the stock trends higher from current levels.

My point is underscored by the fact that JPM stock currently trades at a forward P/E of 13.8. As compared to the index P/E, JPM stock is attractively valued. Even if markets trend lower, the stock is likely to remain resilient.

In terms of financial performance, JPMorgan Chase reported net interest income of $13.1 billion for the third quarter.

Non-interest revenue was at $16.8 billion for the same period.

I expect non-interest revenue to remain strong through trading and asset management income. With U.S. GDP growth expected to bounce back in the coming year, the banking sector will be back in limelight.

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