Volume Spike Investor » JPM

Banks Chasing JPMorgan (JPM, BAC, C)

247admin — Wed, 14 Apr 2010 12:52:47 +0000

J.P. Morgan Chase & Co. (NYSE: JPM) is showing that things are continuing to improve in earnings and credit metrics. That is what $3.3 billion in earnings does, or earnings $0.74 EPS vs. $0.64 estimates. Dimon talked up credit and punted the dividend down the road as he said regulators would not likely allow a dividend hike for the time being so that banks can build their capital (and probably be taxed more) in the recovery. Shares are up 2.8% at $47.18 on almost 2 million shares as of 8:48 AM EST and the 52-week high is very close at $47.47.

Bank of America Corporation (NYSE: BAC) is also trading higher despite its earnings report being 48 hours out. Shares are up 2.3% at $19.10 on 3 million shares. Its 52-week range is $7.00 to $19.10.

Even Citigroup Inc. (NYSE: C) is higher ahead of next week’s earnings report. Vikram’s stock is up 2.1% at $4.72 on over 14 million shares.

JON OGG

Over-Regulation Risks Cause Exponential Bank Volumes (JPM, BAC, WFC, C, GS, MS)

247admin — Thu, 21 Jan 2010 18:39:33 +0000

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 shares versus average of 35.4 million

Bank of America Corporation (NYSE: BAC) $15.47, Down 6.19%
370 million shares versus average of 206 million

Wells Fargo & Company (NYSE: WFC) $27.56, Down 0.93%
52.5 million million shares versus average of 48 million

Citigroup, Inc. (NYSE: C) $3.26, Down 5.78%
670 million shares versus average of 499 million

Goldman Sachs Group Inc. (NYSE: GS) $159.07, Down 5.20%
35.6 million shares versus average of 8.7 million

Morgan Stanley (NYSE: MS) $29.05, Down 5.16%
38.3 million shares versus average of 15.8 million

JON C. OGG

JPMorgan Runs FAS (JPM, FAS)

247admin — Wed, 14 Oct 2009 12:11:59 +0000

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 highs (above $46.50) on almost 900,000 shares as of 8:09 AM EST. Average volume is about 39 million shares, so watch for much more activity once the NYSE specialist frees this one up to trade as the 9:30 opening bell gets here. This is so strong that it is the single stock causing the surge in the highly volatile triple-leverage Direxion Daily Financial Bull 3X Shares (NYSE: FAS). The FAS at 8:10 AM EST has now traded right at 100,000 shares and is up almost 5% at $90.01 in the pre-market.

UPDATE at 9:04 AM EST: JPM up 4.1% at $47.53 on almost 4 million shares; FAS up ‘only’ 5.5% at $90.63 but on almost 500,000 shares.

JON C. OGG

EARLY EARNINGS MOVERS TO WATCH (NOK, JPM, CTAS, XLNX, PLCM)

247admin — Thu, 16 Jul 2009 11:28:33 +0000

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 Morgan Chase & Co. (NYSE: JPM) are up roughly 1 percent to $36.55 on early premarket volume of about 55,000 shares. The company beat EPS expectations by 24 cents a share and reported what it called a strong Tier 1 Capital ratio of 9.7%.

Cintas Corp. (Nasdaq: CTAS) shares fell 4.6% to $22.105 after hours. The company beat EPS expectations by a penny and share, and overall revenue was in line, although organic revenue retracted.

Xilinx Inc. (Nasdaq: XLNX) shares fell more than 5 percent to $19.46 after hours, after revenue fell nearly 5 percent vs. the year-ago period, and was short of analyst expectations. The company’s operating margins declined to 61 percent, and it guided operating expenses higher in the second half of the calendar year.

Polycom Inc. (Nasdaq: PLCM) shares rose more than 3 percent after hours to $22.50 after the company beat EPS expectations by a penny a share and said network systems solutions growth increased significantly, while its voice communications business showed signs of stabilization.

BAC, C, JPM Option Volume Through the Roof

247admin — Thu, 15 Jan 2009 22:49:40 +0000

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 January expirations, which expire tomorrow, and a huge volume in February stock options. With each 10,000 contracts representing 1 million shares, you can see where today was a VERY active day. Below is the breakdown showing the breakdown by “calls” and “puts” by month, as well as the strike price, today’s option contract volume, and the open interest as of yesterday:

JPMorgan Chase (NYSE: JPM)
JAN-2009 CALLS
$trike Volume Op.Int.
25.00    13,587    15,834
26.00    11,518    19,181
27.50    10,225    20,938
JAN-2009 PUTS
$trike Volume Op.Int.
22.50    23,330    38,531
24.00    5,622    9,390
25.00    35,679    52,155

Bank of America Corp. (NYSE: BAC)
JAN-2009 CALLS
$trike Volume Op.Int.
7.50    15,136    13,239
9.00    16,044    198
10.00    41,063    8,060
JAN-2009 PUTS
$trike Volume Op.Int.
5.00    18,634    34,620
7.50    62,363    34,991
10.00    24,981    55,289
FEB-2009 CALLS
$trike Volume Op.Int.
10.00    19,976    6,651
11.00    12,860    21,317
12.50    32,093    27,082
15.00    19,926    41,365
20.00    11,929    34,654
FEB-2009 PUTS
$trike Volume Op.Int.
7.50    24,364    19,062
10.00    12,149    41,853
Citigroup. Inc. (NYSE: C)
JAN-2009 CALLS
$trike Volume Op.Int.
4.00    21,783    4,273
5.00    37,494    76,713
JAN-2009 PUTS
$trike Volume Op.Int.
2.50    24,647    57,001
4.00    23,537    30,744
5.00    13,401    122,963
6.00    10,924    53,656
FEB-2009 CALLS
$trike Volume Op.Int.
4.00    8,706    3,164
5.00    9,159    43,788
6.00    18,817    15,923
7.00    9,642    36,970
FEB-2009 PUTS
$trike Volume Op.Int.
3.00    28,191    17,838
4.00    28,956    59,266
5.00    12,735    64,257

Jon C. Ogg
January 15, 2009

Selling Surge: JPMorgan Chase Hits 52-Week Lows (JPM)

247admin — Fri, 27 Jun 2008 17:07:38 +0000

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 and at 1:04 PM EST we now sit with a 52-week low of $34.85. The prior lows had been $36.01 and the 52-week high is $50.48. We have also now seen some 31.2 million shares trade hands and that just about matches the 33.6 million average daily volume. If we had to guess, we’d be reminding you that there has been media coverage and much talk concerning the chances that the company goes out and acquires another super-regional banking player. Interestingly enough, it doesn’t look like the option activities in the current month are showing anything imminent. Stay tuned.

Jon Ogg

June 27, 2008