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Jpmorgan

JPM - The banking crisis is not overBesides the obvious head & shoulders, as you increase the timeline from 1M to 2, 3 or 6M the more horrendous it gets. Massive bearish divergence in RSI. Price being rejected at the 25 MA, that will most likely lead to a death cross MACD being rejected at the signal line after the inflated march 2020 pump (looking even more rubbish at higher timeframes) PPO printing a bearish alert for the first time in its history at 6M (not shown) I think it will fall to the 0.786 retracement /400 monthly MA / previous top of 50$ minimum . It can go much lower as the MACD suggests, but a 70% is a common retracement for a JP Morgan bear trend and every time it enters a bearish market a retracement to its previous top and to the monthly 400 MA is a guaranteed target. I think this won't affect negatively the cryptomarket as some people suggest.
NYSE:JPMShort
by Zerkaalo
JPM continuously negative for 6 weeksJPM continuously negative for 6 weeks This chart shows the weekly candle chart of JP Morgan's stocks over the past two years. The top to bottom golden section at the end of 2021 is superimposed in the figure. As shown in the figure, JP Morgan's stock hit its high point at the end of July and early August of this year, hitting the top to bottom golden ratio of 0.618 in the chart. Then, it has been continuously negative for 6 weeks, and its low point in the past two weeks has hit the top to bottom golden ratio of 1.382 in the chart! So in the future, just use the lowest point of the previous week as the watershed to determine the strength of JP Morgan's stock!
NYSE:JPM
by Think_More
Will JPM continue to rise?JPMorgan Chase - 30d expiry - We look to Buy at 150.22 (stop at 147.22) The primary trend remains bullish. A Doji style candle has been posted from the base. Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Daily signals are bullish. A break of the recent high at 150.10 should result in a further move higher. The bias is to break to the upside. Our profit targets will be 157.72 and 159.72 Resistance: 150.10 / 153.00 / 155.50 Support: 147.50 / 145.46 / 144.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group
NYSE:JPMLong
by VantageMarkets
An opportunity to buy JPMorgan stockHi, according to my analysis of .jp morgan stock. There is a fantastic long term investment opportunity. Especially with the price breaking the resistance area at the level of 144. Likewise, the stock exited the sideways channel. We also notice a rising channel as shown in the analysis. good luck for everbody .Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
NYSE:JPMLong
by inv_market09
2
JPM long will go to 370$ and Higher New 52-week highs this week, powered by the Dow and Nasdaq100 which, on Friday, extended its streak of positive days to ten — something the blue chip index has not done in almost six years. The Dow has been powered by, among other things, a slew of corporate financial results, particularly from the banks, which showed not only improved profitability, but also strong guidance for the next quarter and full year. I have explained 2 bullish scenarios,1 bearish(worse case). Bullish: higher highs higher lows poc uprising volume increasing capital flow rising In case the Take profits hit, and we have increased volume, I will ride the trend. I will only take profit 10% of the JP Morgan portfolio and let the profit run. Exit :Stop loss or trend change signal The mid and long term horizon is bullish. If any Profit taking level reaches, and trend continuation is signalizing that the uptrend will be continued, I will increase agressively my positions and take only 10% profits of each position.I will let the prfoits run. This trade setup is only for trend followers and on daily TF.
CAPITALCOM:JPMLong
by DaveBrascoFX
Charles Schwab - The Harbinger Of The Next Crisis?While I believe that the markets are currently standing on the edge of a cliff and will not produce a new all time high, it's very important to note that price action is yet to confirm that, with the most significant catalyst of them all being Wednesday's FOMC. Wednesday's FOMC is important because whether the Fed hikes again and how much they hike will determine what happens with bond yields, which determines what happens to bond prices (inverse correlation), which determines what will happen with the U.S. Petrodollar. There's no FOMC again until September. I discuss what I think will happen this week in the following call: ES SPX Futures - Welcome to FOMCmageddon Charles Schwab is an important piece of the U.S. banking structure because it's the 10th largest bank in the country. When you take a look at recent price action on banks, everything seems to be going pretty well, and it's almost as if the Silicon Valley Bank crisis never happened. SIVB's demise, however, was a really significant canary in the coal mine because that particular bank was not only one of the largest in the country, but a major intermediary between the West's venture capital community and the Chinese Communist Party. You just absolutely have to keep an eye on what's going on with China and the International Rules Based Order right now, because everything "Taiwan War" is really talking about how the globalists can take control of China as the CCP falls. Based on this, I think Taiwan Semiconductor is a significant long hedge right now because it's not a component of the U.S. indexes, and is a world leader in silicon wafer production: TSM - Taiwan, Your Semiconductor Long Hedge China is the world's 5,000 year country and has huge natural resources and a huge population of very sophisticated people, so it's a target. If Xi Jinping is smart, he will weaponize the 24-year persecution, organ harvesting, and genocide against Falun Dafa's 100 million believers to protect himself and the Motherland. But if he does this it means that the entire world will quickly be implicated in the Nero-like persecution of spiritual cultivators of an upright faith. The impact on the markets, our society, and our reality will be extreme. And oh so hard to bear. I can only say if you want to be long at this point, you need to be hedged long on volatility or you might die. VIX - The 72-Handle Prelude The enormous Schwab dump from March, which you primarily see was a fully manifested failure swing only on the monthly bars: Was spurred on by the banking crisis, which served as a prelude to the very significant bear market rally we've had. Now everyone believes new highs are in order and everything is going to be fine. It's time to go long, go on vacation, and collect money while being hammered in a speedo at the beach with the other men. What a painful hangover. The problem with the more up more right now crowd's thesis on Schwab is that the entire range above where we're at, and we're already flirting with the 79% retrace of the March gap down, was already filled, which we see on the weekly: Moreover, there are two significant price action problems with the bull case from a market maker perspective. The first is that Schwab dumped to exactly $45.00 in the first place. Computers don't like preserving round numbers and people just love to put stops under/at psychologically significant whole numbers. The second is that the COVID dump was likewise $28.00. And for the same reasons, that's even more dangerous. I am predisposed to believe that Schwab is likely to be the next Credit Suisse-style big short, and may even be the vanguard for the next crisis that would take us under SPX 4,200 and towards 3,700 in accordance with the new JPM collar, which I discuss below: SPX/ES - An Analysis Of The 'JPM Collar' As for what the fundamental story will be, it's very hard to say. But let's compare Schwab's monthly bars you see above to some other top 10 banks: Bank of America Monthly Does not show any indication of failure swings and really just looks like a healthy retrace. While Wells Fargo does not look strong enough, it also does not yet indicate a real short setup on higher time frames And this is even more true for JP Morgan And Goldman Sachs Which can be, at worst, only be said to be setting up for the first leg of a failure swing. At worst. And thus it is extremely notable that Charles Schwab is as weak as it is. My call is the thesis that the optimal short entry is already here, with some kind of flirtation with the $70.00 mark due for FOMC. And if Schwab and the banking sector and the equities sector are truly bullish, that would be great, but I still expect a stab back into the "wick play" area before it would move to set a new all time high, which means $69 to $50 is really quite the win if you're short and quite the loss if you're longing the top or haven't taken profits. If Schwab and the banking sector are really the catalyst for something as disastrous as Nasdaq 9,000, then the target is under $28 and you're more or less standing on the edge of The Big Short. Right now, with the VIX as suppressed as it is and price as high as it is, January '25 $55 puts are only $3.7~ with at the money puts being $8.3~ Just selling them on a flirt with $50 again, let alone $44.99, is already a big win. Humans never believe in anything until they can see it. It's one of their worst deficiencies.
NYSE:SCHWShort
by LordWrymouth
JPMorgan Chase: Seizing Opportunities Amid Rising RatesJPMorgan Chase's Strategic Brilliance: Capitalizing on Opportunities Amid Rising Interest Rates JPMorgan Chase has proven itself to be a master of foresight and exceptional management, evident in their strategic moves over the past years. In 2021, the bank took proactive measures by building up cash reserves, anticipating a potential rise in interest rates. This calculated fiscal approach allowed them to pounce on a golden opportunity to acquire First Republic Bank on favorable terms after federal regulators took over the bank earlier this year. The fruits of their foresight and strong leadership became apparent in the second quarter, as JPMorgan experienced a remarkable surge in revenue and net income. This growth was driven by the advantageous impact of higher interest rates and the successful integration of First Republic Bank into their operations. JPMorgan Chase's impressive performance marked the beginning of the latest earnings season for banks. Surpassing analysts' expectations for the second quarter, the bank achieved a significant victory, with both its total revenue and adjusted earnings per share exceeding Refinitiv's estimates by a remarkable 9%. This reaffirmed JPMorgan's position as the largest bank in the U.S. One of the key factors contributing to their success was the substantial increase in net interest income, reaching $21.8 billion during the quarter. This marked a 5% increase from the previous quarter and an impressive 44% surge compared to the same period last year. The Federal Reserve's continued aggressive interest rate policy in response to the ongoing fight against inflation played a crucial role in this growth. Higher interest rates have proven advantageous for banks, widening their interest rate spread and boosting net interest income. JPMorgan Chase skillfully leveraged this scenario to its benefit, resulting in a stellar performance in the quarter. The bank's other income also experienced a substantial boost, totaling $3.3 billion compared to $599 million in the previous year. A significant bargain purchase gain of $2.7 billion resulting from the acquisition of First Republic Bank contributed to this surge. However, the acquisition also led to an additional $1.8 billion provision for credit losses and other expenses. JPMorgan's CEO, Jamie Dimon, demonstrated remarkable foresight when he warned investors about the potential for inflationary pressures back in April 2021. While prevailing optimism believed in the continuation of good times, Dimon's cautionary stance proved wise as interest rates rose higher than expected. Thanks to their strong balance sheet and substantial cash reserves, JPMorgan was well-prepared to navigate the challenges posed by higher interest rates. While other banks struggled, JPMorgan's strategic positioning allowed them to seize opportunities in the rising interest rate environment. Their ability to submit a competitive bid and successfully acquire First Republic Bank at a favorable price showcased their keen decision-making and ability to capitalize on prevailing opportunities. In conclusion, JPMorgan Chase's prudent management, timely warnings about inflation, and strategic positioning with substantial cash reserves have proven to be the driving forces behind their continued success in today's dynamic economic landscape. With an astute understanding of market conditions and a proactive approach to risk management, JPMorgan continues to set a high standard in the financial industry. TurnAround Point: 147.00 Our preference Long positions Above 147.00 with targets at 158.00 & 162.00 in extension.
NYSE:JPMLong
by FOREXN1
9
JPM JPMorgan Chase Options Ahead of EarningsIf you haven`t sold JPM here: or bought it here: Then analyzing the options chain of JPM JPMorgan Chase prior to the earnings report this week, I would consider purchasing the 145usd strike price Calls with an expiration date of 2023-7-21, for a premium of approximately $4.15. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:JPMLong
by TopgOptions
JP MORGAN This rally has more room to growJP Morgan is trading inside a Channel Up on a strong 1D technical timeframe (RSI = 68.279, MACD = 2.320, ADX = 18.509). Supported by the 1D MA50, this bullish leg can potentially rally more. If it repeats the rise of the previous, it can hit both R1 and R2 but since R1 is neatly located at the top of the Channel Up, we will buy and pursue this as target (TP = 156.00). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NYSE:JPMLong
by InvestingScope
11
JPM to find buyers at previous swing highs?JPMorgan Chase - 30d expiry - We look to Buy at 143.33 (stop at 140.33) The primary trend remains bullish. This is currently an actively traded stock. Price action continues to trade around significant highs. Previous resistance at 144 now becomes support. We look to buy dips. This stock has seen good sales growth. Our profit targets will be 150.83 and 152.83 Resistance: 149.87 / 157.00 / 163.50 Support: 147.50 / 144.00 / 142.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NYSE:JPMLong
by VantageMarkets
JPMorganstock is breaking through the upper limit!JP Morgan stock is breaking through the upper limit! This chart shows the weekly level candle chart of JP Morgan stock in the past two years. The graph overlays the top to bottom golden section at the end of 2021. As shown in the figure, the low point of JP Morgan stock at the end of 2022 happens to be around 3.414 points in the golden section, and the high point in November happens to be 1.618 points in the golden section. The high points in January, March, and May this year are exactly 1.382 points in the golden section! Now that JP Morgan stock has broken the upper limit, it is about to test the first wave of low points at the end of 2021 from the top to the bottom!
NYSE:JPM
by Think_More
JPMThis is my channel setup with cross hairs of target and expirations for options ideas. I have the indicator to set the 2 zone accumulation boxes that we break and reverse down to if we reject at the top of the rectangle The first green zone is the accumulation for the potential run up. We have to break above 144-149 chop to start signal our bullish divergence if we fall below 130 we will watch for a theta burn CUP drop accumulation move menaing this was a bulltrap accumulation setup and have to look at the contraction point 98-112. This is macro so its a funnel opportunity
NYSE:JPM
by EMC2PRoPheT
Mid-Range Trade opportunity on JP MorganHere is a good trade opportunity on JP Morgan. I will wait for the breakout of the resistance level and then enter after a successful retest to the resistance level, and if it fails to break the resistance level and breaks the lower trend I will Exit and close the trade. 1- You can get around 11% profit easily. 2- It might take 1-2 months. 3- There is also a dividend declared by the company ( Ex-date: 5th July 2023). 4- This is one of the most reputed and large-cap companies, so it should be considered safe! 5- Follow the instructions on the chart carefully, Feel free to modify the trade according to your risk. Disclaimer: This is not a piece of investment advice and I am not a certified financial advisor, I just found an opportunity and thought it would be great to share it with the community, Invest at your own risk, and feel free to modify the trade according to your risk profile.
NYSE:JPMLong
by strange112
Trading JPM in current range.JPMorgan Chase - 30d expiry - We look to Buy at 134.65 (stop at 131.65) We look to trade the current range. This is currently an actively traded stock. This stock has seen good sales growth. The primary trend remains bullish. Bespoke support is located at 134.50. Our profit targets will be 142.15 and 144.15 Resistance: 141.50 / 143.37 / 144.34 Support: 138.13 / 136.50 / 134.50 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:JPMLong
by VantageMarkets
JPMorgan: A Wise Investment Choice Amidst Market FluctuationsOver the past few months, the stock market for banks has undergone significant fluctuations due to various factors, including interest rates, economic conditions, and notable bank failures. It's important to note that not all banks have been affected in the same manner. Despite the volatility, several major banks have adeptly navigated through these challenging times and achieved positive financial results. One standout performer in the previous quarter was JPMorgan Chase, the largest bank in the United States. As we enter the uncertain second half of 2023, it's worth examining the position of this influential player in the industry. Investors may also be interested in determining whether this particular stock is a wise investment choice. Even before the regional banking crisis unfolded in March, JPMorgan Chase had already distinguished itself as one of the most resilient large banks in the country. In fact, it appears that the bank may have emerged even stronger from that period of turmoil. Several key factors contribute to this assessment, which we will explore further. First and foremost, while many banks experienced a decrease in deposits, JPMorgan Chase saw a notable 2% increase in Q1 compared to the previous quarter, bringing the total to $2.4 trillion. This growth in deposits can be attributed to concerns among customers of smaller and regional banks, who feared widespread deposit runs following the collapses of Silicon Valley and Signature banks. As a result, these customers sought refuge in larger institutions, driven by a flight towards perceived safety and stability. JPMorgan Chase, being a well-capitalized, highly liquid, and heavily regulated bank, became an attractive option for depositors seeking these qualities. The flight to safety observed during the challenging period proved beneficial for JPMorgan Chase, resulting in a strong performance during the first quarter. The company experienced a significant 25% increase in net revenue, amounting to $39.3 billion, primarily driven by a substantial 49% year-over-year growth in net interest income. Notably, during their investor day on May 22, JPMorgan Chase's executives shared that the bank is on track to add 1.8 million accounts this year, surpassing the previous year's gain of 1.6 million accounts. The bank's net income showed remarkable progress, rising by 52% compared to the previous year and 15% compared to the fourth quarter, reaching $12.6 billion. This growth can be attributed to positive developments in consumer banking, commercial banking, and asset and wealth management, which offset declines in investment banking. Additionally, JPMorgan Chase achieved an impressive efficiency ratio, with overhead costs as a percentage of revenue improving from 62% in Q1 of the previous year to a commendable 52%, the best performance among large banks (lower values are preferable). Moreover, the bank's overall return on equity, a measure of management efficiency, surged from 13% a year ago to 18% by the end of the first quarter. While JPMorgan Chase may face challenges in the event of an economic slowdown or recession, it possesses key strengths that enable it to navigate short-term volatility. These strengths include operational efficiency, a high Common Equity Tier 1 ratio of 13.9%, a rising book value (up 9% year over year), and a substantial $1.4 trillion in cash and marketable securities. These factors contribute to the bank's robust balance sheet, providing resilience in difficult market conditions. Furthermore, JPMorgan Chase is well-positioned to seize growth opportunities beyond any potential downturn. As the markets improve, the bank is expected to experience long-term gains in investment banking, trading, and asset management. Additionally, the acquisition of First Republic Bank, which serves high-net-worth clients, is anticipated to enhance JPMorgan Chase's annual profit by $500 million, acting as a catalyst for further growth. The company also foresees greater net interest income (NII) than initially projected. JPMorgan Chase has raised its NII forecast for 2023 to $81 billion, up from the previous estimate of $80 billion. This upward revision is based on the assumption that deposit and other funding costs will decrease, driven by expected interest rate reductions by the Federal Reserve later in the year. Furthermore, JPMorgan Chase's stock is currently trading at a relatively inexpensive price-to-earnings ratio of approximately 10. This makes it an appealing investment choice, as the bank is well-equipped to handle short-term challenges while aiming for long-term growth. Taking everything into consideration, including its resilience, growth prospects, and favorable valuation, JPMorgan Chase appears to be an excellent buy at present, offering a combination of stability and potential for long-term gains. The bank's solid performance, strong financial position, and strategic initiatives position it favorably in the industry. However, as with any investment, it is important for investors to conduct thorough research and consider their own risk tolerance before making any decisions.
NYSE:JPMLong
by FOREXN1
7
PREDICTION XAUUSD 18-19 MEI 2023Hello I'm back again. I will share the XAUUSD market direction movement for today. Pay attention to the boundary area that I have specified where there are points that must be considered Confirmation area as a determinant of whether to continue direction or reversal Base Lev as a point if the breakout will continue the next area This analysis is only a view, for that it remains to be re-analyzed according to your views. Hope it is useful Thank You Come and Join
CAPITALCOM:GOLDLong
by hudarangkayo
USD/JPY - Japan's GDP improves but yen slipsThe Japanese yen is on a four-day losing streak and is in negative territory on Wednesday. In the North American session, the yen is trading at 137.39, up 0.74% on the day. Japan's GDP in the first quarter was higher than expected. The economy grew by 1.6% y/y, after a 0.1% decline in Q4 2022 and easily beat the estimate of 0.7%. On a quarterly basis, GDP expanded by 0.4%, up from 0.0% in Q4 and above the estimate of 0.1%. One key driver behind the spurt in growth was personal consumption, as demand continues to rise now that the country has reopened. The services sector remains strong but manufacturing continues to struggle. On a sour note, exports fell 4.2% in Q4, as demand for semiconductors and automobiles declined. The uptick in growth means that sustainable inflation could stay above 2%, and that could prod the Bank of Japan to take steps toward normalization, such as adjusting its yield curve control (YCC) policy. The BoJ has said it would consider tightening policy if inflation is sustainable above 2%, but any shifts in policy are likely to be small, especially if the yen remains weak. The BoJ announced it would conduct a policy review which could take a year or more, and I would not expect the BoJ to raise rates before 2024. Federal Reserve members continued to remind listeners that more rate hikes are possible if inflation stays high. The Fed has also tried to dampen expectations of rate cuts in the second half of the year. The markets are listening somewhat, as the odds of a rate cut this year have fallen. JP Morgan came out in support of rate cuts on Tuesday, saying that "the market is right to be penciling in cuts", as inflation remains too high and the US was likely headed for a recession. USD/JPY is testing resistance at 137.08. Above, the next resistance line is 138.42 There is support at 136.26 and 135.08
by OANDA
JP Morgan boss plays down risk of crisisBEARISH MID TEM BULLISH SHORT TERM JP Morgan boss plays down risk of crisis THE MARKET IS FULL OF MANIPULATIONS Spoofing Spoofing - This involves placing orders with no intention of executing them, in order to create a false impression of market demand or supply, and then cancelling the orders once the market has moved in the desired direction. We're keeping an eye on the market makers, zooming in for a closer look." Spoofing and Volume Point of Control (VPOC) are terms used in the context of market manipulation and market analysis in financial markets. A spoofing detector is a tool developed to detect the spoofing of orders. Spoofing refers to a practice where a market participant places large orders to deceive other market participants and influence the price of a stock. These large orders, however, are not executed but cancelled shortly after, creating a false demand for a specific stock and influencing the price. A spoofing detector can use algorithms to detect and report these practices to maintain the integrity of the market. The Volume Point of Control (VPOC) is a concept in technical analysis aimed at identifying the key price level at which a stock was bought and sold. VPOC is calculated by analyzing the volume data of a stock and determining the price level at which the largest volume was traded for a specific period. This price level can serve as an indicator of the current market trend and market interest in a specific stock. There is a substantive connection between a spoofing detector and VPOC because both tools can be used to gain a better understanding of the stock markets and detect potential forms of market manipulation. For example, VPOC can be used as an indicator of potential market manipulation when an abnormal distribution of trading volume is observed at a specific price level. A spoofing detector can then be used to detect and report these activities. Jamie Dimon, the boss of JP Morgan, has played down the risk of a spiralling banking crisis after America’s biggest bank stepped in to buy most of collapsed lender First Republic in a $10.6bn (£8.5bn) takeover hurriedly brokered by US regulators. After weekend talks to secure a sale of First Republic, the third US lender to fail this year, the Federal Deposit Insurance Corporation (FDIC) confirmed JP Morgan as the buyer. The regulator is providing $50bn of financing and promising to share loan losses, as part of a deal that further cements JP Morgan’s position as the largest lender in the US. First Republic’s failure is the second largest in US banking history, beaten only by the 2008 demise of Washington Mutual – which was also seized by the FDIC and sold to JP Morgan. Speaking on a conference call, Dimon played down any other similarities with the 2008 crash, which triggered the start of an international financial crisis that plunged the global economy into recession. He said the US banking system was “extraordinarily sound”, adding that the takeover meant the sector was “getting near the end” of the spate of bank collapses and would “hopefully help stabilise everything”. The failure of First Republic follows that of Silicon Valley Bank (SVB) and Signature Bank. The sequence has prompted concerns about a repeat of the contagion that characterised the global banking crisis. Dimon said conditions were “nothing like 2008 and 2009 for a lot of different reasons”. However, he conceded that if the US economy went into recession and high interest rates persisted, that could lead to “other cracks in the system”. Under the terms of the First Republic deal, JP Morgan will acquire all of the California-based bank’s deposits and “substantially all of the assets”, winning out over as many as five rivals reportedly in the running. Dimon said: “Our government invited us and others to step up, and we did. This acquisition modestly benefits our company overall, it is accretive to shareholders, it helps further advance our wealth strategy, and it is complementary to our existing franchise.” First Republic, which focused on high-net-worth clients, got into financial difficulty after customers began pulling deposits from any US lender perceived as weak, after the SVB collapse. Growing anxiety about the health of the US banking sector has forced the Federal Reserve to launch emergency measures to stabilise the markets. A group of 11 Wall Street banks had pumped $30bn into First Republic last month in an attempt to avoid the third bank failure of 2023. However, shares in the San Francisco-based bank fell by more than 75% last week after it revealed customers had withdrawn $100bn of deposits in March. TREND SHORT KEY LEVELS 119 109 87
CAPITALCOM:JPMShort
by DaveBrascoFX
JPM JPMorgan Chase Call OptionsIf you haven`t sold JPM here: or here: then you should know that JPM JPMorgan Chase seems to be most capitalized bank in the US, ready for the economic hurricane that its CEO, Jamie Dimon, predicted. Most business and retail clients will move their funds to JPM after this bank run. Looking at the JPM JPMorgan Chase options chain, I would buy the $140 strike price Calls with 2023-7-21 expiration date for about $3.95 premium. If the options turn out to be profitable Before the earnings release, i would sell at least 50%. Looking forward to read your opinion about it.
NYSE:JPMLong
by TopgOptions
6
JPM: No CrisisRecord first-quarter revenue on Friday that topped analysts’ expectations as net interest income surged almost 50% from a year ago on higher rates. Here’s what the company reported: Adjusted earnings: $4.32 per share vs. $3.41 per share Refinitiv estimate Revenue: $39.34 billion, vs. $36.19 billion The bank said profit jumped 52% to $12.62 billion, or $4.10 per share, in the first three months of the year. That figure includes HKEX:868 million in losses on securities; excluding those losses lifts earnings by 22 cents per share, resulting in adjusted profit of $4.32 per share. Companywide revenue rose 25% to $39.34 billion, driven by a 49% rise in net interest income to $20.8 billion, thanks to the Federal Reserve’s most aggressive rate-hiking campaign in decades. That topped analysts’ expectations for interest income by more than a billion dollars. The bank also boosted a key piece of guidance that bodes well for the near future: Net interest income will be about HKEX:81 billion this year, about HKEX:7 billion more than their previous forecast of $74 billion, CFO Jeremy Barnum said Friday. The change was mostly driven by expectations that JPMorgan will have to pay less to depositors later this year if the Fed cuts rates, he said. Shares of the bank rose 7.5%. That is its biggest upside move on an earnings report in more than 20 years, according to Bespoke Investment Group. “The U.S. economy continues to be on generally healthy footings — consumers are still spending and have strong balance sheets, and businesses are in good shape,” CEO Jamie Dimon said in a release. “However, the storm clouds that we have been monitoring for the past year remain on the horizon, and the banking industry turmoil adds to these risks,” he said, adding that the industry could rein in lending as banks become more conservative ahead of a possible downturn. Money in, money out JPMorgan, the biggest U.S. bank by assets, is watched closely for clues on how the industry fared after the collapse of two regional lenders last month. Analysts had expected JPMorgan to benefit from an influx of deposits after Silicon Valley Bank and Signature Bank experienced fatal bank runs. Indeed, JPMorgan saw “significant new account opening activity” and deposit inflows in its commercial bank, Barnum said. The money flows implied “an intra-quarter reversal of the recent outflow trend as a consequence of the March events,” Barnum said. “We estimate that we have retained approximately HKEX:50 billion of these deposit inflows at quarter-end.”
NYSE:JPMShort
by sequentialvzion