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Jpmorgan

JP Morgan mostly unaffected from the banking turmoil of early MaJP Morgan Chase & Co (symbol ‘JPM’) share price has been making consecutive gains in the beginning of the year with a correction taking place in early March where the failure of banks in the US shocked the markets . The company is expected to report its earnings for the fiscal quarter ending March 2023 on Friday 14th of April. The consensus EPS for the quarter is $3,43 compared to the result for the same quarter last year of $2,63. ‘JP Morgan took a light hit through the turmoil in the banking industry mainly because of its big size, too big to fail. With a dividend yield of over 3% and with a strong balance sheet, the company is an attractive addition to investors portfolio.’ said Antreas Themistokleous at Exness. From the technical analysis perspective the price found support on the 38.2% of the daily Fibonacci retracement level after incurring losses in early March when news about bank failures hit mainstream media. The Bollinger bands are shrinking indicating the volatility is slowing down while the 50 day moving average is still trading above the 100 day moving average indicating the bullish momentum might still be valid. In any case the levels of $134 and $123 consist of technical support and resistance areas since they are the 23.6% and 50% of the daily Fibonacci retracement levels respectively.
NYSE:JPM
by Exness_Official
JP Morgan locally correcting. JPMBounce off a local resistance, which I did not show, sinking in the phase of a possible B Wave. Very short term out look of a ~5% drop in stock price or more. ATR (moving) for Stop. 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.
NYSE:JPMShort
by Rykin_Capital
Will tomorrow be the day $JPM drops to $71? I think it could >It sounds a little nuts, I know. But hear me out. We clearly have a double touch on the upper channel line on the 12 month- clear rejection. The 9 MA on the yearly looks awful too. General weakness, there and within the stoch rsi and mac d. The 3 month also looks awful. Let's hone in though on the 9 MA and 20 MA on the chart though- they're clearly about to fall through them. Oh, not to mention, the major obvious head & shoulders pattern. Everything looks horrible. Almost makes me wonder if the speech wasn't "awful" news today because tomorrow is the real drop, when everyone thinks the worst is out of the way... who knows? I just call the technical analysis like I see it. And based on the daily time frame anyway, I don't see anywhere else that JPM could LOGICALLY retrace to... so why would it? Time to drop :)
NYSE:JPMShort
by UnknownUnicorn1935796
1
KBE: S&P500 / BANK RUNS / RSI / MACD / DIVERGENCE / BANK CRISIS DESCRIPTION: The chart above shows a relationship between KBE & SPX which is important for the current ongoing banking issues. KBE is a BANK ETF that reflects the overall performance of the banking sector in the United States. At the moment there is a major discrepancy between KBE & SPX value. Normally there is a consistent relationship between the banking sector performance and SPX value but one will have to give in eventually. POINTS: 1. Deviation is 6.25 Point difference & represent crucial points of control for price action. 2. Vertical Orange Lines represent peak price action for S&P 500 & KBE before correction. 3. AVERAGE CORRECTION OF 12% ON KBE DURING BEAR MARKET. RSI: Overextended from RSI AVERAGE banking sector can see some pullback in the coming days. MACD: Currently in EXTREMELY OVERSOLD TERRITORY on MACD FULL CHART LINK: www.tradingview.com AMEX:KBE SP:SPX
AMEX:KBEShort
by DGSTBROKERACC
SPX Jamie Dimon: economic hurricane coming our way!Jamie Dimon, the JPMorgan Chase CEO: "Right now it's kind of sunny, things are doing fine. Everyone thinks the Fed can handle this." "That hurricane is right out there down the road coming our way." "We just don't know if it's a minor one or Superstorm Sandy. You better brace yourself." Jamie Dimon is predicting an economic "hurricane" caused by rising inflation, interest rate hikes and the war in Ukraine. I have 2 scenarios: the most optimistic is that SPX formed and inverse head and shoulders chart pattern and it will close the year at the same level that it started it, around $4900. And the worst case scenario is if Jamie Diamon is right and we are going lower after this bounce to the resistance. In this case, the first strong support is $3400. I see that it go lower only if oil stays higher than $140 - 150 for this year, then this is the strongest sign of a recession or if China invades Taiwan. Looking forward to read your opinion about it.
SP:SPX
by TopgOptions
JPM primary trend remains bullish.JPMorgan Chase - 30d expiry - We look to Buy at 136.22 (stop at 132.88) The primary trend remains bullish. The stock is currently outperforming in its sector. 50 1day EMA is at 136.07. The sequence for trading is higher highs and lows. Early pessimism is likely to lead to losses although extended attempts lower are expected to fail. We look for a temporary move lower. Our profit targets will be 144.92 and 146.92 Resistance: 144.34 / 148.00 / 155.00 Support: 139.87 / 138.00 / 135.00 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
How did the U.S. biggest bank perform in 2022?During the summer of 2022, we laid out a thesis about the stock market progressing in the second stage of the bear market. We said that we would look for signs of corporate underperformance and downgrades in forward guidance within earnings statements for 3Q22 and 4Q22. In the 3Q22 earnings season, many companies began downgrading future outlooks and warning investors of a tough time ahead. For some sectors, inventories rose, and revenue streams showed a decline compared to the previous year's period. With the start of the new earning season, we will pay close attention to the new data, which may or may not confirm our thesis about the market diving deeper into a recession. Interestingly, the last Friday, multiple big banks on wall street announced their earnings statements. These names included JP Morgan Chase, Bank of America, Citigroup, and Wells Fargo. Today, we will briefly examine the biggest U.S. bank - JP Morgan Chase & Co. This bank has $3.66 trillion in assets and has not posted a yearly loss for more than 15 years. Its earnings report is divided into five segments: Consumer & Community Banking, Corporate and Investment Bank, Commercial Banking, Asset and Wealth Management, and Corporate. The bank’s Consumer and Community Banking segment showed gradual growth in net income and net revenue quarter after quarter in 2022. Furthermore, it maintained relatively stable noninterest expenses throughout the year. However, despite that, it posted a 29% less net income in 2022 versus 2021. In 4Q22, the Corporate and Investment Bank experienced a drop of 27% YoY (year over year) in net income. Additionally, in that same period, this division saw a decline in revenue by 9% YoY, and an increase in non-interest expenses by 10%. As for the full-year 2022, the Corporate and Investment Bank brought in 29% less net income versus 2021. Meanwhile, the Commercial Bank brought $1.4 billion in net income for the company in 4Q22, showing an increase of 15% versus 4Q21. Furthermore, it also enjoyed a rise in revenue by 30% versus 4Q21. Despite that, these two segments underperformed when compared to 2021. For the full-year 2022, the net income of this division dropped 20% versus 2021. The Asset and Wealth segment showed steady growth in net income quarter after quarter in 2022. However, it also suffered a drop of 8% in net income for the entire year 2022 versus 2021. The Corporate segment posted a net loss in the first three quarters of 2022 and a net gain in 4Q22. But for 2022, it is the only sector that posted a loss while still showing significant improvement from the last year. For the full-year 2022, JP Morgan Chase & Co. gained $37.7 billion in net income, which is down 22% versus 2021. Its revenue increased by 5.6%, and non-interest expenses jumped by 6.8%. Meanwhile, the company’s stock declined by 16%. Illustration 1.01 Illustration 1.01 shows the daily chart of JP Morgan Chase stock. The stock declined more than 16% in 2022. 2022 (full-year) vs. 2021 (full-year) Net income 2022 = $37.7 billion (vs. $48.3 billion in 2021; -22% YoY) Revenue 2022 = $132.3 billion (vs. $125.3 billion in 2021; +6.6% YoY) Noninterest expenses 2022 = $76.2 billion (vs. $71.3 billion in 2021; +6.8% YoY) Pre-Provision profit/loss 2022 = $56.1 billion (vs. $54 billion in 2021; +4% YoY) EPS = $3.57 4Q 2022 vs. 4Q 2021 (year over year) Net income 4Q = $11 billion (vs. $10.4 billion in 4Q21; +5.8% YoY) Net revenue 4Q = $35.6 billion (vs. $30.4 billion in 4Q21; +17%. YoY) Net interest income 4Q = $20.3 billion (+48% YoY) Noninterest income 4Q = $15.3 billion (-8% YoY) Noninterest expenses 4Q = $19.0 billion (+6% YoY)
NYSE:JPM
by Tradersweekly
9
JP MORGAN Ahead of a Golden Cross. Strong bullish signal!JP Morgan Chase & Co. (JPM) has basically turned sideways since November 11 (despite the marginal November 25 Higher High) putting a pause to the enormous 1-month rally since the October 12 bottom. The big news on this chart is that the 1D MA50 (blue trend-line) is about to cross above the 1D MA200 (orange trend-line) to form the infamous pattern of the Golden Cross on the 1D time-frame. This is technically very bullish and in fact the last time we saw this formation was on November 13 2020, almost 2 years ago! As with today, the price was again just below the 0.5 Fibonacci retracement level, just a few days before the Golden Cross formation and after it was completed, started one of the strongest rallies in recent times, making a new All Time High on January 12 2021, essentially just 2 months after. Now obviously that was the era of 'cheap money', when the Fed printed trillions of USD in a very short period of time to support the economy during the COVID lockdowns. We can't expect the stock to rally as fast and as aggressively but still, as long as the Golden Cross is formed and the 1D MA50 supports, we can target one Fibonacci level at a time. Notice how similar the 2020 COVID recovery is with the 2022 (today) one. The 1W MA200 is in a symmetrical place, the 1D RSI was pulling back on the same fractal and the 1W MACD rebounded on the same level. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, 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 me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:JPMLong
by TradingShot
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.
NYSE:JPMLong
by SiriusBH