JP Morgan (JPM) Offering Possible 35.5% Return Over the Next 21 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 $114.00 short put and a strike $109.00 long put offers a potential 35.5% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $114.00 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 $109.00 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

Brexit could mean JP Morgan moves more than 4,000 jobs from Britain
Thu, 25 Jan 2018 10:10:32 +0000
JPMorgan could move more than 4,000 jobs out of Britain if Brexit talks result in a divergence of regulations and trade agreements between Britain and the European Union, the U.S. banking giant's Chief Executive Jamie Dimon said on Thursday. “If they determine you can't have reciprocal trade practices, reciprocal regulations … It would be more than 4,000,” Dimon said in a BBC interview on the sidelines of the World Economic Forum meeting in Davos, Switzerland. Dimon has wavered in the past over how many jobs JP Morgan would move, as his estimates take into account the changing prospects of Britain securing a deal that gives its financial firms continued access to European markets.

Fourth-Quarter Earnings From 7 Big U.S. Banks
Thu, 25 Jan 2018 02:00:00 +0000
Here’s a rundown of the fourth quarter earnings reports from the biggest U.S. banks.

For JPMorgan's Dimon, It's a Waste Not to Spend the Tax Windfall
Wed, 24 Jan 2018 20:23:00 +0000
JPMorgan and rivals in the banking industry are drooling over the billions of dollars they'll save on taxes this year. But whereas rivals like Bank of America and Citigroup want to give a lot of the money …

JPMorgan plans to give 550 employees a raise due to tax changes
Wed, 24 Jan 2018 18:25:08 +0000
More than 20 percent of JPMorgan Chase & Co.'s South Florida employees will see a wage increase after the company announced a $20 billion, five-year investment in its businesses. On Tuesday, the New York-based bank (JPM) announced that a massive investment was due, in part, to changes outlined in the new tax bill and its strong performance. In South Florida, about 550 of its employees will see a 10 percent jump in their wages, to $15 an hour, according to a bank spokesman.

JPMorgan Chase giving raises, adding 4,000 jobs, boosting small business lending from Trump tax cuts
Wed, 24 Jan 2018 16:47:22 +0000
JPMorgan Chase & Co. is giving employees raises and bonuses as part of a $20 billion, five-year U.S. investment effort. The company joins a chorus of other big and regional banks and other companies giving bonuses, raises and increasing investments after tax cuts passed by President Donald Trump and Congress. JPMorgan said it will raise workers' pay from between $12 and $16.50 per hour to between $15 and $18 per hour.

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