Are we starting to see some subtle clues that some banks may be in trouble? I keep seeing reports about ceo’s of large banks saying things are good and then mention how a certain division or aspect of business is esperiencig some issues.. anyone else notice this? JP Morgan spoke today at a conference and then announced lay off’s.
%% Good ??LOL Maybe good compared to META, but FB changed thier name to META + mom market doesnt like that or thier lousy customer service. C\Citigroup is down YTD, SPY is still bear below 200dma\ Both heavy like a fat pig. Citigroup is actually a penny stock split 10 time \so $44.26 really $4.26. Good news is plenty of inverses ETFs going up/LOL
He died over a 100 years ago. Completely off topic but I just googled JPMorgan and learnt he had a skin condition that messed up his nose when he was young, his nose was deformed and purple in color. Most images of him were touched up to hide it but some can be found: He must of had an amazingly strong character.
JP Morgan is not a bank. It's just another brokerage on Wall Street the same as Lehman Brothers. It was lucky to survive the financial crisis last time and hopefully it will survive this time.
%% JP{pierpoint} Morgan was on the board of a lot of railroads. SPY looks like a rail road tracks top\ actually worse that that\ because the 2nd[right side] rail on weekly doesnt even reach the left side track as of today anyway
Citigroup market cap is still a respectable $87 billion. Credit Suisse is only $12 billion, that is like a rounding when error compared to JPMorgan's $385 Billion.
Wrong. It's a market leader including a massive bank. There is no "hope" in a business making $10B profit a quarter. PE 11.11 is that too high for you ?
Who cares. We are not the Bank CEO. Why live a life full of negative emotions, full of worry and fear and anxiety perpetually ?!!?! uptrend - just long it downtrend - just short it no trend - just avoid it !!!