Best Quarter Ever For A Bank

Hello MarketClub members everywhere. J.P. Morgan Chase & Co. (NYSE:JPM) quarterly earnings pushed well past analysts' expectations, helped by double-digit growth in deposits and record credit card sales. The company reported fourth-quarter earnings of $1.71 vs. estimates of $1.44 per share on revenue of $24.333 billion. It's stock price edged higher in intraday trading this morning, but has backed off the highs this afternoon.

"Our results this quarter were a strong end to another record year, reflecting our intense client focus and solid performance across our businesses," Dimon said in a release, citing a U.S. economy that may be building momentum.

Some in the media have dubbed it, "the best quarter ever for a bank". What do you think?

MarketClub's Mid-day Market Report

Key levels to watch the rest of the week: Continue reading "Best Quarter Ever For A Bank"

Keep An Eye On The Big Banks And Retail Sales This Week

Hello MarketClub members everywhere. Earning season kicks off with a trio of big banks, J.P. Morgan Chase & Co. (NYSE:JPM), Bank of America Corporation (NYSE:BAC) and Wells Fargo & Company (NYSE:WFC) are all due to release earnings on Friday. Wells Fargo will be in the spotlight after its high-profile stumbles in 2016, including the account-opening scandal that led to the ouster of its CEO and the failure to get its living will approved by regulators. Investors will be watching for how these issues are impacting the bank's financial results.

MarketClub's Mid-day Market Report

On the data side, retail sales will be eyed. The November data showed a slowdown from the previous two months. We'll see if higher consumer sentiment readings translate into a strong month for sales.

Key levels to watch the rest of the week: Continue reading "Keep An Eye On The Big Banks And Retail Sales This Week"

Is It Time To Bail Out Of The Big 3 Banks?

Today I'm going to be looking at the banking sector and the three big banks. Forget their recent earnings announcements and their history – look at the market action, it's telling a whole different story.

The stocks I will be looking at are JPMorgan Chase & Co. (NYSE:JPM), The Goldman Sachs Group, Inc. (NYSE:GS) and Bank of America Corporation (NYSE:BAC). I will be looking at each of these stocks individually and showing you a pattern that has proven to be very profitable in the past. Each of these stocks potentially could go a lot lower in Q4 and you should know why. Continue reading "Is It Time To Bail Out Of The Big 3 Banks?"

The Banks Are Back!

Today, I'm going to be looking at the financial sector to see which of the banking stocks look the strongest.

Here is a list of the five stocks I will be analyzing: Continue reading "The Banks Are Back!"

Sector Analysis Can Help Your Trading

Today, I'm going to be looking at nine individual sectors and analyzing each one. I am going show you a quick and easy way to tell which sectors are trending and which ones are stuck in a trading range.

I will also be looking at the top three stocks in each of those sectors that are trending to the upside.

The sectors I will be analyzing are as follows: Continue reading "Sector Analysis Can Help Your Trading"