• Financials have been the laggards of the broader stock market recovery on concerns of the economic impact of Covid-19 and US Government Bank Stress Tests.
• Earnings season starts with the banks reporting July 14-17. Stocks follow one of three Read more

Banks aren’t sexy like tech stocks, they don’t solve the worlds problems like health care, they don’t build anything like industrials. They just make money… from money.

JP Morgan is the worlds largest financial institution which makes money through Read more

In the moneywiseHQ MARKET UPDATE 10-04-2020 REACT, DON’T ANTICIPATE (click for link), we noted the headlines of 6.6 Million weekly jobless claims and a further $2.3 Trillion in financial stimulus. 

The Technical Analysis reflects the Volatility Index is Read more

• JPMorgan kicks off earnings season April 12
• MONEYWISEHQ Market Updates have highlighted the need for financials to advance in order for the market trend to continue.
• Our Earnings Season Strategy has this set up as a Pattern 2 with a low risk entry and significant upside.

• JP Morgan is a best in class institutional bank with a strong domestic focus and international exposure.
• In the Q4 2018 Conference Call management outlined a plan to expand it’s deposit base by moving into previously unserved markets. The past week, JPM announced they would be opening branches in twelve new cities.
• Five technical patterns are converging simultaneously which could propel the stock upwards of ten percent in the short term.