JP Morgan’s most recent trend suggests a bullish bias. One trading opportunity on JP Morgan is a Bull Put Spread using a strike $165.00 short put and a strike $160.00 long put offers a potential 19.9% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $165.00 by expiration. The full premium credit of $0.83 would be kept by the premium seller. The risk of $4.17 would be incurred if the stock dropped below the $160.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for JP Morgan is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for JP Morgan is bullish.
The RSI indicator is at 77.33 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for JP Morgan
JPMorgan profit beats estimates on M&A boost
Fri, 14 Jan 2022 11:51:53 +0000
JPMorgan’s trading shortfall was cushioned by yet another strong quarter for its investment bank as global mergers and acquisitions activity shattered all-time records in 2021. Wall Street banking remained strong for most of the past year, as large, cash-flush financial sponsors and corporates embarked on a dealmaking spree, helping drive up investment banking fees to their highest-ever levels. Goldman Sachs, Wall Street’s premier investment bank, will report earnings on Tuesday, while Morgan Stanley and Bank of America round out the earnings season on Wednesday.
Biden Picks Fed Bank Regulator, Adds First Black Woman to Board
Fri, 14 Jan 2022 02:59:00 +0000
(Bloomberg) — President Joe Biden plans to nominate Sarah Bloom Raskin to be the Federal Reserve’s top banking regulator and economists Lisa Cook and Philip Jefferson to be governors, people familiar with the decision said Thursday, completing his overhaul of leadership at the U.S. central bank.Most Read from BloombergCannabis Compounds Prevented Covid Infection in Laboratory StudyFrequent Boosters Spur Warning on Immune ResponseSay Goodbye to Self-Isolating, WFH Mandates, Mass TestingSupreme C
Bank earnings preview: Analyst details ‘perfect storm’ for strong Q4 execution
Thu, 13 Jan 2022 19:07:00 +0000
CFRA Research Director Kenneth Leon joins Yahoo Finance Live to discuss upcoming bank earnings and the outlook for the U.S. economy.
McGuire Investment Group, LLC Buys SPDR Bloomberg 1-3 Month T-Bill ETF, WisdomTree Floating …
Thu, 13 Jan 2022 18:38:19 +0000
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Labor market may soon be flush with workers
Thu, 13 Jan 2022 18:17:12 +0000
Our insatiable appetite to buy things, and our wants galloping past our needs, will eventually help loosen up the labor market.
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