Pass on JPMorgan (NYSE: JPM) Stock and Buy This Big Bank Play Instead

JPMorgan Chase & Co. (NYSE: JPM) stock seemingly continues to establish all-time highs with each new trading session.

It's one of the largest investment banks in the world, sitting on $2.6 trillion in assets. It navigated the financial crisis better than any other firm on Wall Street.

But here's why if you buy it now, you may miss this more profitable opportunity in banking...

Big Banks

JPMorgan (NYSE: JPM) Is the Latest Target on Goldman Sachs' "Hit List"

JP Morgan (NYSE: JPM) is about to become Goldman Sachs' newest toy. Except its version of "playing" is "smashing it into pieces."

That's right, Goldman Sachs has joined a bandwagon of analysts calling for JP Morgan Chase to break up. And since Goldman Sachs is simply the best at what it does – good and evil – their mission shouldn't be too hard.

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JPMorgan (NYSE: JPM) Stock Slumps After Rare Earnings Miss

For the first time in over two years, and only the fifth time in a decade, JPMorgan Chase & Co. (NYSE: JPM) missed earnings forecasts when it posted first-quarter 2014 results Friday.


Investors were prepared for a slip in earnings compared with Q1 of 2013. In February, JPM cautioned trading revenue was weak. The warning was especially troubling because the first quarter is traditionally a strong one.

Wall Street

Mark Wetjen: A Salivating Wolf in the Regulatory Henhouse

In case you missed the kerfuffle last Friday, Blythe Masters, the 44 year-old, super-smart head of JPMorgan Chase's commodities trading business, declined to sit on the U.S. Commodity Futures Trading Commission's (CFTC's) Global Markets Committee advisory board.

This came as a big surprise.

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Top News

Big Bank Earnings Is One of the Most Significant Events of 2014 – And It Could Bring You a Fortune

The big banks are all reporting their fourth-quarter earnings this week.

Make no mistake: Although it's only January, this will be one of the most significant events of the year…

You see, in the big picture, how the banks fare and what their future prospects are could single-handily determine the trajectory and breadth of the recovery we've been hoping for.

their "financials" could have major implications for your money...

Top News

JPMorgan (NYSE: JPM) Stock Price Up Today After Earnings

The JPMorgan Chase & Co. (NYSE: JPM) stock price is up 0.35% today (Tuesday) to $57.64 despite Q4 profit slipping 7% to $5.3 billion, or $1.30 per share. That compares to $5.7 billion, or $1.39 per share, the previous quarter.

Analysts had projected earnings per share (EPS) of $1.35 for JPMorgan.

Somehow, CEO Jamie Dimon pulled another rabbit out of his hat...

Wall Street

The Tragic Truth Behind the $13 Billion JPMorgan "Fine"

Let's address two tragedies today.

The first is how Jamie Dimon & Co. and all the guilty big banks get away with murder.

The second is something I want to share with you because 50 years ago today, President John Fitzgerald Kennedy was assassinated. It isn't a conspiracy theory about who did it, but a likely theory about what happened and the conspiracy to cover that up.

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Wall Street

The JPMorgan Settlement: $7 Billion Is Tax Deductible

The fact that this week's $13 billion JPMorgan settlement was a record between a U.S. company and the government is not the most notable part of this deal…

What's more shocking about this record-high settlement is that more than half of it could be tax-deductible.

Under terms of the $13 billion deal, JPMorgan Chase & Co. (NYSE: JPM) will pay $4 billion toward consumer relief. The remaining $9 billion goes to settle federal and state civil claims stemming from entities involved in the mortgage securities. The state of New York will receive $613.8 million, California $298.9 million, Illinois $100 million, Delaware $19.7 million, and Massachusetts $34.4 million, according to the Department of Justice.

But now we find out that JPMorgan still has an ace up its sleeve...

Wall Street

Sorry CNBC, but the $13 Billion JPMorgan Fine Was No Shakedown

This week, the financial media has been up in arms about the record $13 billion fine levied on JPMorgan Chase & Co. (NYSE: JPM) for its connection with mortgage-backed securities.

While some voices have called for Chief Executive Officer (CEO) Jamie Dimon's departure from the bank, defendants have stated that JPM was a victim of government pressures to purchase Washington Mutual and Bear Stearns in 2008. Both acquired companies were responsible for 80% of the liabilities within this settlement.

The scary thing is, that monster fine is just a tiny hint of what's been going wrong with Wall Street...

Top News

Big Bank Earnings Today: Wells Fargo (NYSE: WFC) and JPMorgan (NYSE: JPM)

Two of the largest U.S. financial institutions kicked off third-quarter results for big bank earnings today, giving us a peek at how they fared amid tough times for both firms.

Wells Fargo & Co (NYSE: WFC) is in the midst of slashing headcount in its mortgage unit by some 1,800, and JPMorgan Chase & Co (NYSE: JPM) is tangled up in settlement talks with the U.S. Justice Department.

The short story on the banks' earnings: WFC earnings had to use a lot of "accounting gimmickry" to beat earnings-per-share (EPS) expectations, and JPM earnings show the first quarterly loss since Jamie Dimon came on board (he started in 2004 as chief operating officer, then moved to chief executive officer in 2005).

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