Saturday, January 18

Tag: investment banking

JPMorgan strikes brand-new all-time high day after Q4 profits

JPMorgan strikes brand-new all-time high day after Q4 profits

Business
JPMorgan rode to a brand-new all-time high up on Thursday above $257. Shares still look heavy as JPM stock is underperforming Goldman Sachs today. Q4 revenues surpassed Wall Street agreement due to greater financial investment banking costs. CEO Dimon tossed cold water on speculation about Jen Piepszak changing him. JPMorgan (JPM) stock reached a brand-new all-time high up on Thursday, one day after impressing Wall Street with a substantial incomes beat in the 4th quarter. The previous high from November 25 of $254.31 was superseded by Thursday's intraday high of $257.04. After 3 sessions of gains today, the Dow Jones Industrial Average (DJIA) sold throughout Thursday's early morning session before returning to even right before lunch break. The S&P 500 and NASDAQ have actually ...