Over-Regulation Risks Cause Exponential Bank Volumes (JPM, BAC, WFC, C, GS, MS)
We won’t bother complaining about or praising why these banks and brokers are down so much today. You already know the proposed regulation that would basically turn banks into utilities. Here are the reactions… more importantly, look at the share volumes as of 1:33 PM EST:
JPMorgan Chase & Co. (NYSE: JPM) $41.0125, Down 5.50%
82 million [...]
JPMorgan Runs FAS (JPM, FAS)
JPMorgan Chase & Co. (NYSE: JPM) blew earnings away at $0.82 EPS vs $0.52 EPS estimates from Thomson Reuters and beat revenues as well. The bank also noted that it is seeing some stabilization in consumer credit and is proving why it is America’s cleanest bank. Shares are up 3.9% at $47.45 at new 52-week [...]
EARLY EARNINGS MOVERS TO WATCH (NOK, JPM, CTAS, XLNX, PLCM)
Following are the Top 5 stocks to watch this morning, following earnings reports:
Nokia (NYSE: NOK) shares are down 9% to $14.18 in early premarket trade. The company this morning met EPS expectations, but sales were lighter than consensus. The company expects industry mobile device shipments in Q3 to be at Q2 levels, or up slightly.
JP [...]
BAC, C, JPM Option Volume Through the Roof
The rumors, need for capital, horrible news, and more all continue to take a toll on the financial stocks. Today was an unbelievable day in stock options trading volume for JPMorgan Chase (NYSE: JPM), Bank of America Corp. (NYSE: BAC), and Citigroup. Inc. (NYSE: C). We saw many many contracts in the current month of [...]
Selling Surge: JPMorgan Chase Hits 52-Week Lows (JPM)
There has been what sort of looks or feels like a concerted early-afternoon selling surge in shares of JPMorgan Chase (NYSE: JPM). What is interesting about this selling surge is that JPMorgan is THE best of the best banks right now. This had been positive all morning but the selling picked up right after Noon [...]
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