JP Morgan (JPM) is long from $34.14. It is trading at $110.33 up $4.10 as of this writing.
JPM reported earnings better than consensus and better than the whisper numbers.
Our call on prior quarter earnings has now proven spot on. We wrote:
This is likely to be a temporary phenomenon.
This quarter’s earnings show that our analysis was correct.
The company also pays a dividend of 3.04%.
‘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.