Why JPMorgan Chase Rallied Today
Shares of JPMorgan Chase (NYSE: JPM) rallied 4% on Friday, well above the market's return.The country's largest bank released its earnings today, which beat analyst expectations. Of course, past results don't matter that much, as investors are focused on the forward outlook in light of the administration's tariffs and potential trade war.However, management increased its annual outlook for net interest income and also posted strong capital ratios. That might have provided some comfort for investors who bought the stock today after the recent market correction.Continue reading
Shares of JPMorgan Chase (NYSE: JPM) rallied 4% on Friday, well above the market's return.
The country's largest bank released its earnings today, which beat analyst expectations. Of course, past results don't matter that much, as investors are focused on the forward outlook in light of the administration's tariffs and potential trade war.
However, management increased its annual outlook for net interest income and also posted strong capital ratios. That might have provided some comfort for investors who bought the stock today after the recent market correction.
