JP Morgan (JPM) Offering Possible 34.05% Return Over the Next 9 Calendar Days

JP Morgan's most recent trend suggests a bullish bias. One trading opportunity on JP Morgan is a Bull Put Spread using a strike $124.00 short put and a strike $119.00 long put offers a potential 34.05% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $124.00 by expiration. The full premium credit of $1.27 would be kept by the premium seller. The risk of $3.73 would be incurred if the stock dropped below the $119.00 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 at 65.83 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

---

LATEST NEWS for JP Morgan

JPMorgan in Talks With China Bank on Wealth Venture
Tue, 05 Jan 2021 01:06:20 +0000
(Bloomberg) — JPMorgan Chase & Co. is seeking to establish another Chinese joint venture in wealth management as the nation’s financial opening has spurred a rush by global banks to capture a piece of a market that is estimated to grow to as much as $30 trillion in 2023.The U.S. bank is in preliminary talks with China Merchants Bank Co. to set up an entity, expanding on a strategic partnership on products in 2019, said people familiar with the discussions, who asked not to be identified as the matter is private. While the two parties haven’t yet hammered out ownership details, JPMorgan is unlikely to have control, said the people.Global financial firms are rushing to capitalize on China’s opening of its $53 trillion financial industry, with the likes of JPMorgan, Goldman Sachs Group Inc. and UBS Group AG adding staff and expanding their footprint in everything from futures and brokerages to asset management. Most foreign financial institutions have identified wealth management as a prime focus with investable assets estimated to double over the next few years.The plan is subject to change and talks could still fall apart, the people said. JPMorgan Asset Management declined to comment. China Merchants Bank didn’t respond to a request seeking a comment.JPMorgan has already gained majority ownership of a mutual fund management venture — China International Fund Management — and plans to pay at least $1 billion to buy out the remaining 49% from its partner. A new partnership with Merchants Bank, which operates China’s largest private bank and known as the nation’s “king of retail banking,” would significantly boost JPMorgan’s distribution network and client base.Shenzhen-based Merchants Bank had 155 million retail banking clients by the end of September, with 8.6 trillion yuan ($1.3 trillion) under management. Its private banking client assets rose 19% to 2.7 trillion yuan in the first nine months of last year.Under new regulations introduced last year, foreign firms can take full control of their mutual fund joint ventures in China with the approval from the securities regulator, or seek partnerships with a local banks to increase offerings. More than 40 overseas companies have set up joint-ventures and some have applied for greater control.Amundi SA in December 2019 became the first foreign firm to be allowed to take control of a wealth management venture. Europe’s largest fund manager will own 55% of a Shanghai-based company with Bank of China’s wealth-management arm holding the rest. BlackRock Inc. and Temasek Holdings Pte have won approval start an asset-management business in China along with China Construction Bank, while Goldman Sachs is in talks with Industrial & Commercial Bank of China Ltd. to set up a similar venture.JPMorgan Chief Executive Officer Jamie Dimon has said that his firm is committed to bringing its “full force” to China. The bank in October raised ownership in its Chinese securities joint venture to 71% from the current 51%. It has also obtained full control of a futures unit in China.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

JPMorgan Chase to Host Fourth-Quarter and Full-Year 2020 Earnings Call
Mon, 04 Jan 2021 22:58:00 +0000
As previously announced, JPMorgan Chase & Co. (NYSE: JPM) (“JPMorgan Chase” or the “Firm”) will host a conference call to review fourth-quarter and full-year 2020 financial results on Friday, January 15, 2021 at 8:30 a.m. (Eastern). The results are scheduled to be released at approximately 7:00 a.m. (Eastern). The live audio webcast and presentation slides will be available on www.jpmorganchase.com under Investor Relations, Events & Presentations.

Buffett, Bezos and Dimon Part Ways on Health Care Joint Venture
Mon, 04 Jan 2021 22:53:01 +0000
Haven, a nonprofit venture formed by Berkshire Hathaway, Amazon and JPMorgan, is closing its doors

Markets Expect GOP to Hold Senate in Georgia Runoff. Here’s What Happens if They Don’t.
Mon, 04 Jan 2021 22:35:00 +0000
Analysts point to Republicans keeping control of the U.S. Senate, and any surprise could hurt the dollar and help bond yields.

It's no surprise that Amazon, Berkshire, JPM health venture Haven is disbanding: Experts
Mon, 04 Jan 2021 21:38:18 +0000
The news that Haven, the joint health-care venture between Amazon, will disband next month came as no surprise to many health-care experts.

Related Posts