JPMorgan Chase & Co. Financial | Money Center Banks | USA JPMorgan Chase & Co. operates as a financial services company worldwide. It operates through Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management segments. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment services, payment processing services, auto loans and leases, and student loans. The Corporate & Investment Bank segment provides investment banking products and services, including advising on corporate strategy and structure, and capital-raising in equity and debt markets, as well as loan origination and syndication; treasury services, such as cash management and liquidity solutions; and cash securities and derivative instruments, risk management solutions, prime brokerage, and research services. It also offers securities services, including custody, fund accounting and administration, and securities lending products for asset managers, insurance companies, and public and private investment funds. The Commercial Banking segment offers financial solutions, including lending, treasury, investment banking, and asset management to corporations, municipalities, financial institutions, and nonprofit entities, as well as financing to real estate investors and owners. The Asset & Wealth Management segment provides investment and wealth management services across various asset classes, such as equities, fixed income, alternatives, and money market funds; multi-asset investment management services; retirement services; and brokerage and banking services comprising trusts, estates, loans, mortgages, and deposits. JPMorgan Chase & Co. was founded in 1799 and is headquartered in New York, New York.
In JP Morgan's 3Q, consumer banking offsets drop in trading (Reuters) - JPMorgan Chase & Co (JPM.N) easily beat Wall Street's third-quarter profit expectations on Thursday, with loan growth and higher interest rates more than offsetting weakness in its markets-related unit. Executives at the largest U.S. bank touted the diverse mix of businesses that allow JPMorgan to weather a dip in one area or another, and downplayed a 27 percent drop in bond trading revenue even though weakness has continued into the fourth quarter. Overall, JPMorgan's profit rose 7.1 percent in the third quarter compared with the year-ago period, to $6.73 billion, or $1.76 per share. Analysts had expected earnings of $1.65 per share, according to Thomson Reuters I/B/E/S. The bank's total revenue of $25.33 billion also topped the average analyst estimate of $25.23 billion. In early notes to clients, analysts characterized the results as "solid" or "pretty good," given problems in bond trading that have affected Wall Street banks for some time. "The results were solid but not exceptional," said Morningstar analyst Jim Sinegal. JPMorgan shares were down 0.4 percent at $96.48 in morning trading. https://finance.yahoo.com/news/jpmorgan-gets-boost-lending-trading-105800733.html
Losses Chase the JPMorgan Chase (JPM) Moving Average Crossover Wed, Dec 7, 2022 Banking stocks had been outperforming the broader market throughout most of the fall, but that reversed in a big way in November and even more so this month. The largest stock in the S&P 500 Banking Industry, JPMorgan Chase (JPM), however has been a notable outperformer. As shown below, relative to other S&P 500 banks, JPM has seen its relative strength rip higher. Although it has reverted lower more recently after trading well above its 50-DMA, the stock has experienced a notable moving average crossover as its 50-DMA has risen above the 200-DMA. That is the first time the 50-day has been higher than the 200-day since the start of the year. From a technical perspective, these types of patterns are considered positive, especially when both are rising (golden cross). In spite of that bullish reputation, the actual performance following past moving average crossovers where the 50-DMA trades above the 200-DMA is not particularly noteworthy nor should it generate a massive amount of optimism. As shown below, on an average basis, JPM has fallen one week and one month after past occurrences that have happened without another instance in the prior three months. That compares to gains of 0.25% and 1.05%, respectively, for all other periods. Looking further out, average performance has only been notably better than normal three months later albeit that is paired with less consistency to the upside. In other words, moving average crossovers to the upside are not necessarily the positive technical pattern many chart watchers consider them to be. As always, past performance is no guarantee of future results.
