
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