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1.9880473463026E-05 -1.21848063161305E-05 -1.21848063161305E-05 -1.21848063161305E-05 0.000950094239857187 0.000981838866838632 0.000949773587059476 0.000949773587059476
Stock impact report

JPMorgan stock will bounce back, Jim Cramer says [CNBC]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: CNBC
“Jamie was back urging caution and getting tough about the right to charge high fees for credit cards to make up for losses. That combination created a tsunami of selling,” Cramer said. In this article CNBC's Jim Cramer reviewed market action as earnings season kicks off and suggested that JPMorgan Chase can recover after its Tuesday report sent shares plummeting. “Jamie was back urging caution and getting tough about the right to charge high fees for credit cards to make up for losses. That combination created a tsunami of selling,” Cramer said. “We saw the same thing last time. I say wait a day or two, just like last time, so you can gradually buy this one on weakness. Why? Because it will always bounce back.” JPMorgan beat earnings and revenue expectations, but the stock was down 4.19% by close. Along Dimon's cautious tone, Cramer suggested investors were put off because the bank disappointed on underwriting revenue. JPMorgan's investment banking fees fell 5% to $2.3 bil Show less Read more
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