JPMorgan Chase (JPM)

[helios]

Following the news update on Dimon's conflict of interest on NY Fed Board ; at the very least, we'll know if his reputation is damaged or not.

[helios]

I have decided to stay out, even though a small doji was formed at the shareholders meeting, and subsequently 2 black ugly candles followed. If I'm not wrong, there'd be a 3rd ugly candle to be formed at its neckline of 32-ish (- somewhat in near term -). In my opinion, JPM trend is confirmed to be downwards at this moment, and they'll take time to unwind all the 2 B trading losses (- rumoured now to 5 B -), and this unwinding process will take time for them to unwind such a large position, so henceforth all the gap-down situations as observed. Intra-day analysis showed that there was some strength / perhaps these small buyers who jumped in upon 1-3 hours of market opening ... But I have yet to see the 3rd candle to breach through 32-ish level (- my imagination -). Perhaps, the current strategy is to wait until JPM issues a formal announcement that the firm has fully out of the trade losses. Dimon's reputation seems to be undamaged (- he had agreed to testify in senate after trading losses, and media is kind to him -with positive spins to most news reports -), but we'll also need to observe how FED will tighten the regulatory of these bank-related trades, and also several other macro events are happening ... ... end of the day, it is your guts and opinions ... My take is that I'll have some time to wait till June ...

[iam802]

JPMorgan Counterparty Platt Says Bank’s Trading Loss May Widen

http://www.bloomberg.com/news/2012-05-2 ... widen.html

[winston]

NYT reported that the losses at JPM, may have balloned to US$9b from US$2b.

Source: Bloomberg

[winston]

not vested

THE MOST IMPORTANT PRICE ACTION NOBODY IS TALKING ABOUT

The most important price action nobody is talking about: JPMorgan Chase just broke out to a new 52-week high.

Regular DailyWealth readers know we monitor America's big banks, like JPMorgan Chase, Bank of America, and Citigroup. These firms are the "financial backbone" of America. They rise and fall with America's ability to make money, save money, service debts, and generally "just get along."

Like most stocks, the big banks suffered a crash in 2008/2009. Since then, they have worked their way into a bull market you almost never hear about.

The chart below shows this market at work. It displays the price action in megabank JPMorgan Chase over the past two years. You can see that JPMorgan Chase is enjoying a series of "higher highs and higher lows"... and just yesterday broke out to a new 52-week high. It's a bull market in American banking.

Source: www.growthstockwire.com

[winston]

AN UPDATE ON A VERY IMPORTANT TREND

Today's chart provides an update on the most important trend nobody is talking about... JPMorgan Chase just broke out to a new all-time high.

Regular DailyWealth readers know we monitor America's big banks, like JPMorgan Chase, Bank of America, and Citigroup.

These firms are the "financial backbone" of America. They rise and fall with America's ability to make money, save money, service debts, and generally "just get along."

Like most stocks, the big banks suffered a crash in 2008/2009. Since then, they have worked their way into a bull market you almost never hear about.

The chart below shows this uptrend at work. It displays the price action in megabank JPMorgan Chase over the past two years.

You can see that JPM is enjoying a series of "higher highs and higher lows." Shares are up more than 30% over the past two years... and just yesterday broke out to a new all-time high. It's a bull market in American banking.

Source: Daily Wealth

[winston]

BIG BANK STOCKS ARE SOARING, TOO

Yesterday, we showed you the uptrend in regional banks... Today's chart shows America's big banks are doing well, too.

Regular DailyWealth readers know we monitor America's big banks, like JPMorgan Chase (JPM), Bank of America (BAC), and Citigroup (C).

These firms are the "financial backbone" of America. They rise and fall with America's ability to make money, save money, service debts, and generally "just get along."

Like most stocks, the big banks suffered a crash in 2008/2009. Since then, they have worked their way into a bull market you almost never hear about.

The chart below shows this uptrend at work. It displays the price action in JPMorgan Chase over the past two years.

You can see that JPM is enjoying a series of "higher highs and higher lows." Shares are up nearly 35% in two years... and just set a new all-time high yesterday. It's a bull market in American banking.

Source: Daily Wealth

[winston]

Top Stocks #7: JPMorgan Chase (JPM) by Jim Woods

One of the 10 stocks you have to own is also run by one of the bankers many people love to hate, and that is JPMorgan Chase (JPM) and its outspoken and often controversial CEO Jamie Dimon.

Dimon is the current poster boy for “evil” bankers, and his statements at shareholder meetings calling those who voted against JPM’s executive compensation plan as “irresponsible” and “lazy” don’t exactly give Dimon any diplomatic style points.

But I’m not investing for diplomacy, I’m investing for results — and results are what Dimon and company deliver.

JPM shares are at all-time highs thanks to a 9% run in 2015, and more than 20% in gains over the past year. Go back five years, and you’re looking at a return of roughly 80%.

That kind of stellar performance is likely to continue going forward, as improving economic data will likely prompt the Fed to finally issue its first interest-rate hike in more than seven years — possibly as soon as September.

Higher interest rates are good for banks as it means higher net interest margins. And higher net interest margins will allow Dimon and company to keep churning out big profits for shareholders.

Source: Money Threats

[winston]

Top Stocks #7: JPMorgan Chase (JPM) by Jim Woods

One of the 10 stocks you have to own is also run by one of the bankers many people love to hate, and that is JPMorgan Chase (JPM) and its outspoken and often controversial CEO Jamie Dimon.

Dimon is the current poster boy for “evil” bankers, and his statements at shareholder meetings calling those who voted against JPM’s executive compensation plan as “irresponsible” and “lazy” don’t exactly give Dimon any diplomatic style points.

But I’m not investing for diplomacy, I’m investing for results — and results are what Dimon and company deliver.

JPM shares are at all-time highs thanks to a 9% run in 2015, and more than 20% in gains over the past year. Go back five years, and you’re looking at a return of roughly 80%.

That kind of stellar performance is likely to continue going forward, as improving economic data will likely prompt the Fed to finally issue its first interest-rate hike in more than seven years — possibly as soon as September.

Higher interest rates are good for banks as it means higher net interest margins. And higher net interest margins will allow Dimon and company to keep churning out big profits for shareholders.

Source: Money Threats

[winston]

Top Stocks #7: JPMorgan Chase (JPM) by Jim Woods

One of the 10 stocks you have to own is also run by one of the bankers many people love to hate, and that is JPMorgan Chase (JPM) and its outspoken and often controversial CEO Jamie Dimon.

Dimon is the current poster boy for “evil” bankers, and his statements at shareholder meetings calling those who voted against JPM’s executive compensation plan as “irresponsible” and “lazy” don’t exactly give Dimon any diplomatic style points.

But I’m not investing for diplomacy, I’m investing for results — and results are what Dimon and company deliver.

JPM shares are at all-time highs thanks to a 9% run in 2015, and more than 20% in gains over the past year. Go back five years, and you’re looking at a return of roughly 80%.

That kind of stellar performance is likely to continue going forward, as improving economic data will likely prompt the Fed to finally issue its first interest-rate hike in more than seven years — possibly as soon as September.

Higher interest rates are good for banks as it means higher net interest margins. And higher net interest margins will allow Dimon and company to keep churning out big profits for shareholders.

Source: Money Threats