This earnings report clearly supports a raise in the dividend and will surely enhance their share buyback program as the bank is clearly doing well despite the WHALE. I believe that the next few weeks will push this over $50.00 to a new 52 wk high. However, this is all out the window if and I suspect it is a certainty that the DEBT ceiling will be held hostage and screw all of us invested in the market. In that likely case, I believe it will retreat to $44.00 and only return to $47.00 before the end of next Q. This could be a completely wasted Quarter!
JPM is a strog buy as forward looking earnings are more than 5.00 per share!
Sentiment: Strong Buy
JPM, will be, has too, increase its Dividend. Price is still depressed, earnings are exploding despite all the bumps. Cash is King and JPM has it. Coming to shareholders soon. Price increasing to $60.00 by March 2013!
Sentiment: Strong Buy
Reported the big losses, where is the reporting on the gains? Only because they have been unrealized! That just means we hope they get larger. Headlines will read JPM makes 20 Billion on CDS trades! Then they will get blasted for making tooo much $$$$!
The higher the index, the worse it is for JPM, has increased to 150 over the past 4 days, Is it down to 115? or is it up again? Does anyone have a link to the index?
Tax savings talk is just to point out how dumb the reporting around this trade is. Yes the loss was large but, the 1.2 billion in gains in the same portfoliio wasn't reported on at all! Reporting only the one loss is bad information, and highly misleading. Yes, the losses may and already appear to habve grown, but the additional loss as it stands hasn;'t been realized and is on paper. That is like picking the worst performing day on your 401K and reporting onm just that and ignoring what happens the rest of the years. This is misleading and is taking a huge toll on the stock price, pushing it lower and thus making the buyback that much better. Just business, don't make the rules, just play by them!
This is such crap. This turns into a really cheap way for JPM to retire more shares thanks to the cheap price and hurt their rivals with the increased scutiny. JPM is no trouble. This is an $800 Million dollar loss at this point, not the $2 Billion you see everywhere. This portfolio has not been fully liquidated as of yet anyway. The $800 million will probably help offset taxes on other gains, so the loss will be even less on the bottom line. JPM should be at 75.00 minimum!
Take your polical bull somewhere else, you clearly have an agenda that has nothing to do with JPM. Like I said before, if you don't like it, move to CHina!
What R u an english teacher? Trash talk? the only trrash is the crap U put up here. Get a life would you! Posting about spelling etc, on a message board??? LOOOOSER!
Based on what? Curious as looks low to me, or are you factoring in the Wall Street Bull, that keeps the price depressed?
SIMPLE math says the earnings and forward looking earnings is not in the price. This is called Due Dilligence which apparently means absolutely nothing anymore when it comes to investing. This is complete bleeping bull sit! Price at $44.00 even at $5.00 per share earning is less than 9 times. I was being conservative at 12 times! History and JPM's current competitors are all MUCH HIGHER P/E's. It shows that WALL STREET IS A SHAME!! These bankers are frauds and they are steeling our money, all while being paid 6 figures or more!
Once again, Stemcellup has reiterated the new Price Target of $72.00 per share for JPM. Based once again on pure simple MATH. 2013 Earnings of $6.00 per share with a Price to Earnings ratio at a low of 12 times! This surely attainable due to the $12 Billion dollar buybacks this year along with the additional $3 Billion 1st Q 2013. This will reduce the outstanding shares by approx 330,000,000. This reduction in shares is equates to an approximate 9% increase in earnings per share. All you Wall Street Analysts, you are crooks!