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Jon Najarian Is Bullish On JPMorgan (JPM) Ahead Of Earnings

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Jon Najarian Is Bullish On JPMorgan JPM Ahead Of Earnings

Jon Najarian said on CNBC's "Fast Money 360" that the volatility in JPMorgan (NYSE: JPM) has been high recently, but now it is coming down. This makes him bullish on the stock.

Paul Miller of FBR said that his estimate for JPMorgan (JPM) is lower than the Wall Street's consensus. He believes that JPM had some problems in fixed income business and lower mortgage production.

Paul Miller added that Jamie Dimon's comments on financial regulation will be crucial for the price action after the earnings. He thinks that Jamie Dimon will be more optimistic on the impact of financial regulation than people expect, and therefore he is bullish on JPM up to $45.

Carter Worth is bearish on this stock. He explained that JPM has been performing poorly for many months, and he expects a big rollover.

JPMorgan Chase & Co. (NYSE: JPM) gained 3.29% today, and it closed at $40.48. JPM had a turnover of 48.55M shares today.

Posted-In: Carter Worth CNBC Jon Najarian Paul MillerLong Ideas Short Ideas Media Trading Ideas

 

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