JP Morgan posts Q3 quarter financial report next Wednesday and investors pushed the stock to new all-time highs on Thursday. Shares closed at $170.09 scarcely changing a 0.63%; new all-time highs are set at $171.51. The price was consistently marking new highs in the last few days
JP Morgan (JPM) is hosting the Q3 earnings call next Wednesday. Wall Street estimates of $2.99, compared to previous quarter that made $3.78.
JP Morgan shares started an uptrend last July, and grew an amazing 17.43%. The price line shows rising tops and bottoms, and along the way provided very few buying opportunities for those who wanted to invest. Latest pullback was in mid-September, when price bounced at $149.59. On October 1, JP Morgan broke out above its last top ($162.85) giving a good buy point
JP Morgan made a 8.10% over the past month, outperforming the average growth of its competitors. In the same period, JP Morgan (JPM) performed a 8.10%, Bank of America (BAC) marked a 8.50%, Wells Fargo (WFC) made a 8.90% and Citi (C) marked a 3.20%. JP Morgan, Bank of America, Wells Fargo and Citi are presenting financial report in the next few days.
JPMorgan Chase & Co. operates as a financial services company worldwide. It operates in four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services.. The stock belongs to the Banks - Diversified industry in the Financial sector. Headquarters are based in New York, United States, and employs 260,110 people worldwide. Its corporate website is http://www.jpmorganchase.com.