JPMorgan Chase & Co. (JPM) provides various financial services worldwide.
Its Consumer and Community Banking segment provides deposits, investment products and services, lending, and cash management and payment solutions to consumers and small businesses; mortgage origination and servicing; and residential mortgages and home equity loans. This segment also offers credit cards to consumers and small businesses; payment services to corporate and public sector clients; payment processing services to merchants; and auto and student loans.
The companys Corporate and Investment Bank segment offers various investment banking products and services, including advising on corporate strategy and structure, capital-raising in equity and debt markets, and loan origination and syndication; transaction services, such as cash management and liquidity solutions, and trade finance products; and market-making services in cash securities and derivative instruments, as well as offers risk management solutions, prime brokerage, and research. This segment is also involved in holds, values, clears, and services securities, cash, and alternative investments for investors and broker-dealers; and manages depositary receipt programs. Its Commercial Banking segment provides lending, treasury, investment banking, and asset management services to corporations, municipalities, financial institutions, and not-for-profit entities.
FOMC should leave the rates and the QE III in place and that should help JPM shares to move higher out of their bullish "cup & handle" formation.
52-Week Trading Range: $33.10 - $55.90
Last Trade: $53.58
Here is the trade:
Buy one JPM July $52.5 for less than $1.90
Trade
Profit/Loss Analysis
Closing Summary
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Using today's trength, we are closing the JPM position.