- JP Morgan Chase (JPM) rises 4% daily, operating currently over $ 236.20.
- JPM obtained income for 45.31 billion dollars, exceeding market estimates.
The values of JP Morgan Chase (JPM) established a minimum of the day at $ 225, finding aggressive buyers that promoted the price of the maximum action of more than a week at $ 238.58. Currently, JPM quotes about $ 236.20, winning 4% on Friday.
JP Morgan exceeds expectations after making his earnings known
The JP Morgan Investment Bank (JPM) exceeded the projections of analysts by reporting revenues of 45.31 billion dollars compared to 43.99 billion dollars expected by consensus. Similarly, JPM reported a profit per share of $ 5.07, above the scheduled $ 4,633.
After these results, JPM takes up the upward perspective by rising 4% today, reaching maximums of more than a week not seen since April 3 at $ 238.58.
In a scenario where the commercial war monopolizes the attention of investors, the general director of JP Morgan (JPM), Jamie Dimon, warned that the strong volatility in the treasure bond market may require that the Federal Reserve intervene directly.
It should be noted that China is a great Treasury bond hold in the United States, however, Donald Trump’s tariff rhetoric has intensified commercial relations, excluding the Asian country from the 90 -day pause of reciprocal tariffs.
JP Morgan Chase technical levels
JPM shares reacted upwards from a short -term support given by the minimum of April 10 in 220.10 $. The following key support is observed at $ 202.23, minimum of April 7. To the north, the key resistance is found at $ 254.67, pivot point of March 26.
2 -hour JPM graphics
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
