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JPMorgan Reports Earnings in Rebound Mode

JPMorgan Chase & Co. ( JPM) has been one of the weak bank stocks, recently setting a 2018 low of $102.20 on July 6, but since then, the shares have popped by 5% in anticipation of positive earnings to be released before the opening bell on Friday, July 13. JPMorgan is the largest of the four "too big to fail" money center banks and is the only major bank in the Dow Jones Industrial Average. The stock closed Monday, July 9, at $107.28, up just 0.3% year to date and in correction territory at 10.1% below its all-time intraday high of $119.33 set on Feb. 27.