What Caught Our Attention in the Investment World? – Week of October 14-18, 2019

By Kuldip K. Ambastha and Anil K. Ambastha

During this trading week, JP Morgan Chase & Co. (JPM) was a star performer. Specifically, the company delivered on many fronts, in terms of strong underwriting data, an increase in mortgage banking activities, significant bond trading income, substantial wholesale and credit card loans, and positive home lending revenues due to increased mortgage origination volume. For 3Q2019, the company delivered $2.68 in earnings per share, which exceeded expectations. On October 15, 2019, the stock price increased by 3% compared with the prior day.

Keywords – JPM, JP Morgan Chase & Co., JP Morgan, Chase, retail banking, investment banking, private banking, mortgage banking, trading, underwriting, loans, lending, financial services, finance, investments, investing, investment management, asset management, Jamie Dimon, James Dimon, multinational corporation, MNC, Big Four American bank.

Disclosure – The principals of Ambastha Financial LLC have no position in JPM. A client of Ambastha Financial LLC has long equity and short option positions in JPM.

Disclaimer – No recommendations are being made via this post. Past performance is not an indicator of future performance. As an investor, you should do your own research and seek professional advice from a Registered Investment Adviser (RIA). You can lose money by investing in stocks and other instruments. Ambastha Financial LLC does not assume any responsibility (legal or otherwise) for any losses that may occur as a result of actions taken based on this post. All content copyrighted © 2019 – Ambastha Financial LLC.

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