Thursday, July 16, 2015

JPMorgan Chase: Bullish Thesis Continues Playing Out


  • JPMorgan Chase produced another quarter of strong earnings that easily surpassed analyst estimates.
  • The promise of lower legal fees and regulatory fines is playing out while higher interest rates appear on the way.
  • Despite a roughly 10% gain in the last quarter, the stock remains extremely cheap and has multiple catalysts to push it higher.
For Q2'15, JPMorgan Chase (NYSE:JPM) reported quarterly results that again easily surpassed analyst estimates. The bank continues to generate large profits despite an unfavorable interest rate environment. The company is able to trim expenses even while revenues struggle.

Read the full article on Seeking Alpha.


Disclosure: No position mentioned.  Please review the disclaimer page for more details.




No comments: