JPMORGAN: UPDATE ON THIS MONEY CENTER BANK AFTER EARNINGS $JPM $C $BAC

JPMORGAN: UPDATE ON THIS MONEY CENTER BANK AFTER EARNINGS $JPM $C $BAC

This post was just published on ZYX Buy Change Alert

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%.

What To Do Now

Those in the stock may consider continuing to hold.

Those following the ‘Good Way’ may consider starting a small scale in right here.

Those following the ‘Best Way’ may consider scaling in within the buy zone.

Cautions

  • JPM, BAC and C are large money center banks.  There are reasons to own all three of them.
  • If you have a large portfolio, it is appropriate to buy JPM, BAC and C.  However make sure you are comfortable with a position size of all three combined.
  • If you have a small portfolio, consider owning only one of the three.  C has the most upside potential.
  • If you do not own any of these banks and can own only one, C is the best choice at this time.

A special note to new subscribers: If you are not yet ready for the sophistication of the site and the ‘Best Way’, consider starting with the ‘Good Way.’  Please study Getting A Running Start and Trade Management Guidelines.  Please note that this is a very long term position.  The plan is to accumulate more if the stock goes down, ultimately up to 100% of full core position size.

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