JPMorgan Soars After Q1 Beat

JPMorgan JPM shares are trading higher by $2.47 at $61.75 in Wednesday's session. Investors are flocking to the issue after a Q1 beat for EPS of $0.08 and a revenue beat of nearly $500 million.

After a higher open, it retreated only a dime to $60.38 before continuing its move higher. It has easily surpassed its former low for the move at $60.97, reaching $62.16. That high coincides with its January 7 high of $62. It has not closed over $62 since January 6, when it ended the session at $62.81.