JPMorgan Chase Higher In Volatile Session After Q1 Beat

JPMorgan Chase & Co. JPM shares were seen trading higher by $0.77 at $86.17 in Thursday's session. The catalyst for the rally is a first-quarter EPS beat of $0.13 along with a revenue beat of $790 million. This marks its sixth consecutive quarter for EPS and revenue beats.

After a flat open, it matched Wednesday's low at $85.03 and rally nearly $2.00 before finding sellers at $86.99. Also, in that area was Tuesday's low ($84.80), which was the lowest level the bank had traded at since making its all-time high on March 2 at $93.92. That high coincides with a pair of highs from April 6 ($86.91) and April 7 ($86.81). Since making that high it has fallen back into the lower $86.00 handle.

If the rally continues there may be additional resistance at its April 4 high of $87.67.

At last check, shares were up 0.52 percent at $85.84.