UPDATE ON JPMORGAN AND CITIGROUP AFTER EARNINGS $JPM $C
This post was just published on ZYX Buy Change Alert. Signal(s) to enter, add, reduce, exit, hold or change. JPMorgan (JPM) stock is long from $34.14. It is trading at $110.88 as of this writing. Citigroup ( C)stock is long from $33.80. It is trading at $70.57 as of this writing. JPM and C reported earnings better than consensus and whisper numbers. JPM stock traded as high as $115.15 and C stock traded as high as $73.38 after earnings. As of this writing bank stocks are experiencing a ‘sell the news’ reaction. Such a reaction is quite common. Professionals who bought these stocks in anticipation of good earnings