JPMorgan (JPM) is long from $34.14. It is trading at $107.54 as of this writing.
JPM reported earnings in line with the consensus but lower than the whisper numbers.
Interest rates are rising. Banks are one of the very few sectors that benefit from rising interest rates.
The company also pays a dividend of 2.96%.
‘Buy Now’ Rating
For those following the ‘Good Way,’ the ‘Buy Now’ rating is ‘YES.’
Zones
For those following the ‘Best Way,’ the buy zone is $91 to 100.88. The target zone is $145 to $155.