JPMORGAN: 374% GAIN ON THIS BLUEST OF BLUE CHIP BANKS
By Nigam Arora & Dr. Natasha Arora
JPMorgan (JPM) is long from $34.14. It is trading at $161.86 as of this writing. This represents a gain of 374%. JPM is the bluest of blue-chip banks. JPM is in the Model Portfolio.
JPM reported better than expected earnings but worse than the whisper numbers.
The company also pays a dividend of 2.42%.
Key Points
Here are the key points,
- The conference call was downbeat and caused the stock to go down.
- JPM said it will spend whatever it takes to compete. Investors did not like this comment.
- JPM sees expenses going up in 2022.
October 14, 2021