JP Morgan Chase reported better than expected earnings. The bank posted earnings of $1.76 a share, above the $1.65 estimate. Revenue was $26.2 billion versus estimates of $25.6 billion, Equity sales which is made up of fixed income, currencies and commodities though were lower at $1.36 billion versus estimates of $1.41 billion and this is the main culprit behind today’s drop. Fix income on its own was down 27% from a year ago.
I already have a number of positions in JP Morgan Chase Stock as investors who frequent my site know. These are additional trades I have done today.
This JP Morgan Chase Stock (JPM) Trade Alert and Strategy Article is for FullyInformed Members.
JP Morgan Chase Stock (JPM) Trade Alerts After Earnings Plunge – Oct 12 2017
Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk.