Market Overview

JPMorgan Lower Despite Q3 Beat

Related JPM
Brokerage Stocks Crushed As JPMorgan Rolls Out Digital Service With Free Trades
Fast Starts For Another Pair Of JPMorgan ETFs
Cyclical, IPO Stocks Enjoy Solid Gains, Apple Exhales; Why These 5 Sectors Are Jamming (Investor's Business Daily)

JPMorgan Chase & Co. (NYSE: JPM) shares are trading lower by 88 cents at $95.95 in Thursday's session.

Before the open, the company reported its eighth straight EPS and revenue beat. It beat on the bottom line by 11 cents and the top line by $780 million.

Despite those great numbers, JPMorgan's stock is in the red as the Street was looking for more after an extended pre-earnings run. After a higher open, it found resistance just ahead of its all-time high ($97.64), only reaching $97.50 and reversed course.

So far, the ensuing decline took the stock to $95.68 and it's now attempting to reenter the $96.00 handle. That low coincides with its Oct. 5 low of $95.55.

Posted-In: Earnings News Technicals Intraday Update Movers Trading Ideas


Related Articles (JPM)

View Comments and Join the Discussion!

Citigroup Pops And Drops After Q3 Beat

33 Stocks Moving In Thursday's Mid-Day Session