JPM hits 46, then slides back to 40-42. It's happend 7 or 8 times in the past few years, no reason to believe it won't happen again.
I do expect it to pullback after earnings come out but not to 40-42 as you suggest.
$1.39 verses $1.16-$1.21 estimates.Not too shabby.With share buyback and probable div. increase its a hold.AIMHO.
Charts say breakout. As far as history, this is a different market environment, a different "bank" economy. This market, banks in particular are ready for recovery, breakout.
So, why WFC dropped couple days ago. They beat earning.