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Stock impact report

Big Bank Buys: Technical Trading Evidence [Seeking Alpha]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: Seeking Alpha
SummaryGoldman Sachs, Bank of America and JPMorgan Chase seem to be holding up the best in the banking sector.Federal Reserve and Treasury help are coming to paper over loan losses in the bank industry.Large money center banks often generate superb buy entry points during major economic stress events, like the current coronavirus shutdown.Three mega-cap U.S. banking and brokerage giants appear to have the strongest setup from a technical perspective. I do not follow the banks closely, but thought it would be useful to put out a quick article with some charts for those looking to acquire shares in the banking sector. Without doubt, large operating losses are coming from defaulted loans of all types in the coronavirus recession. However, the banking sector was well capitalized going into the situation, holding about twice the ratio of equity vs. total loans than before the life-altering Great Recession of 2007-09. The Federal Reserve and even the Treasury are promising help for the bank Show less Read more
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