Andrew Linden
3
All posts from Andrew Linden
Andrew Linden in Your News,

JPM earnings overview

J.P. Morgan impressed all the analysts sending the stocks and the whole market up this morning. The only question I have: where are all these analysts who forecasted a recession during Q1 2016 and then Q2 2016? I'm convinced that we won't see the recession, we see the market transformation and a new bubble inflates right now. And this bubble is in the technology field. But here I want to share JPM earnings, which is really interesting to see. 

Key metrics:

Yes, key metrics are above the analysts estimates. 

I still don't think that banking sector is your best investment choice, but I'd better have a few banks in my portfolio such as BAC and JPM. They won't be driving the portfolio, but it's enough for diversification. 

Full report is here: J.P. Morgan Q2 press release.