JPMorgan (JPM) is long from $34.14.  It is trading at $99.50 as of this writing.

JPM reported earnings  lower than consensus but in line with the whisper numbers.

Earnings were hurt by volatility in bond trading.  This is likely to be a temporary phenomenon.

The company also pays a dividend of 3.19%.

‘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.  The recommended position size is 20 – 40%.