This week is huge for earnings as reports for corporate first-quarter (Q1) numbers are going to start rolling in. So today I have a special report to preview JPMorgan Q1 2021 earnings.
Whenever we have quarterly earnings reports, we always start with the financials…
Case in point, with JPMorgan Chase & Co. planning to announce its Q1 2021 financial results on Wednesday at 7 a.m. EDT.
And the one bank that I’ve been loving on my charts recently that has been standing out above the rest is, coincidentally, JPMorgan.
JPMorgans Q1 2021 Earnings Preview
The bank has outperformed estimates for revenue and earnings for the past three quarters, and I have a feeling this quarter is no different.
A quick glance at the chart for JPMorgan Chase & Co. (NYSE: JPM) shows it’s been on fire.
Even if you were to go back five years on the chart you can see that the stock has basically only been going one way: up.
JPMorgan obviously experienced a huge dip due to the global pandemic and unfavorable interest rates during 2020 — every company did.
But boy is this stock coming out of the ashes red hot in 2021.
And before I really dive into the nitty-gritty Q1 2021 earnings for JPMorgan, I wanted to remind everyone of something that may have slipped their notice a few weeks ago
Who remembers the Archegos Capital Management hedge fund collapse? The nobody hedge fund that had seven times the amount of leverage a normal account has? The hedge fund responsible for block trades worth $30 million moving in a single day?
Ring any bells?
I’m kidding… of course you remember that! But do you remember the four prime brokers that were involved?
Credit Suisse, Nomura, Morgan Stanley and Goldman Sachs.
Sure enough, we didn’t hear about JPMorgan getting involved in that major bloodbath. This bank is air tight when it comes to risk management; that’s for sure.
But that’s just one of the reasons why I’m feeling bullish about JPMorgan Q1 2021 earnings.
When I popped the hood of the company and looked inside its revenue, I was left speechless… So I decided to take my analysis a step further.
Check out my short video below to learn more about JPMorgan Q1 2021 earnings, and my current Money Link trade I have going on in the stock right now. Be sure to share your thoughts in the comments section below.
And as always, send any trading questions to jeff@joyofthetrade.com and stay ahead of the markets, especially these choppy ones, by subscribing to our YouTube channel.
P.S. My friend and former multi-million dollar hedge fund manager is spilling the beans on a decade-long trading secret he calls…
“The first nearly automated trading system for the little guy.”
I’m not sure what to make of all this yet, but Adam Sarhan recorded a brief video revealing a strange calendar that could help traders get in and out of the same stocks for 14-day trades…
I suggest you watch this right now.
