JP Morgan's most recent trend suggests a bullish bias. One trading opportunity on JP Morgan is a Bull Put Spread using a strike $115.00 short put and a strike $110.00 long put offers a potential 35.5% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $115.00 by expiration. The full premium credit of $1.31 would be kept by the premium seller. The risk of $3.69 would be incurred if the stock dropped below the $110.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for JP Morgan is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for JP Morgan is bullish.
The RSI indicator is above 80 which suggests that the stock is in overbought territory.
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LATEST NEWS for JP Morgan
JPMorgan throws weight behind $3.8bn Sirius Minerals fund raising
Tue, 30 Apr 2019 06:55:32 +0000
JPMorgan has thrown its weight behind Sirius Minerals, the UK-listed mining company building a giant fertiliser project in North Yorkshire, backing the key elements of a $3.8bn financing package. The US bank is underwriting a $400m share placing – launched this morning at a price between 15p to 18p a share – and using its balance sheet to provide a $2.5bn revolving credit, or overdraft facility. The credit facility is, however, expected to be syndicated to other lenders by JPMorgan.
Trump sues Deutsche Bank and Capital One to block House subpoenas
Tue, 30 Apr 2019 06:04:52 +0000
The federal lawsuit, filed in the U.S. District Court's Southern District of New York, contended that demands for records by Democrat-controlled House committees have no legitimate or lawful purpose. “The subpoenas were issued to harass President Donald J. Trump, to rummage through every aspect of his personal finances, his businesses, and the private information of the President and his family,” the lawsuit said.
Chart master says these are the names to by with stocks at record highs
Mon, 29 Apr 2019 22:04:04 +0000
Cornerstone Macro's Carter Worth on what to buy at all-time highs. With CNBC's Joe Kernen and the Fast Money traders, Tim Seymour, Brian Kelly, Steve Grasso and Guy Adami.
Wall Street banks boycott Brunei-owned hotels after kingdom makes homosexuality punishable by death
Mon, 29 Apr 2019 21:16:20 +0000
J.P. Morgan and a growing list of banks are banning employees from staying at hotels owned by the sultan of Brunei while traveling for business. The Southeast Asian kingdom has recently enacted laws that ban gay or extramarital sex — punishable by death by stoning. The ban includes luxury names such as Los Angeles' Beverly Hills Hotel and Hotel Bel-Air, and London's Dorchester and 45 Park Lane.
JPMorgan Chase Participates in Protégé Program Sponsored by U.S. Department of the Treasury
Mon, 29 Apr 2019 20:30:00 +0000
JPMorgan Chase & Co. (JPM) today announced it will work together with Harbor Bank of Maryland and Liberty Bank and Trust Company as part of The Financial Agent Mentor Protégé program sponsored by the U.S. Department of the Treasury. “The U.S. Department of the Treasury is committed to promoting inclusion in all of its business activities. The Financial Agent Mentor Protégé Program is an important part of this effort.
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