JPMorgan Chase & Co. Stock News

Banks Send a Bullish Signal to Markets Big US banks marked the beginning of the Q4 earnings season when they released results last week, and overall they were positive. Because of their position opening up the earnings season they tend to set the tone for things to come.

American banks are reportedly in “go mode” with Donald Trump's return to the White House. So says Mary Erdoes, head of asset and wealth management for J.P.

Banks are kicking off the fourth-quarter 2024 earnings season with a bang, with JPMorgan Chase (JPM 1.92%), Bank of America (BAC -0.24%), Wells Fargo (WFC 1.49%), and Citigroup (C 1.88%) all hovering near 52-week highs.

The largest U.S. banks posted substantial fourth-quarter revenue and profit gains thanks to a resurgence in Wall Street dealmaking.

Inauguration Day is now upon us, and with a new administration taking hold, investors are placing their bets on where they see the overall market (and specific stocks and sectors) headed over the next four years.

Earnings season is officially here, led, as ever, by big banks – and this time around, a 9% surge in the “Bank” pillar pulled the CE 100 Index 2.9% higher in a strong weekly showing.

JPMorgan Chase's Series DD and GG preferred shares are recommended due to better yields and lower call risk compared to Series EE. The bank's Q4 earnings exceeded expectations, with a stable net interest yield and manageable loan to deposit ratio. Risks include credit card loan performance and call risk for preferred shares, but dividends remain secure.

Few investors would argue that JPMorgan Chase (JPM 1.92%) isn't a solid company. After all, there's a reason it's the U.S.'s biggest bank, boasting nearly $3.6 trillion worth of assets.