JPMorgan Chase & Co (JPM US)

14/04/2022 08:59

JP Morgan (JPM US) $US127.34

The first bank to report results overnight detailing how they handled an extraordinary quarter in markets. While fixed-income & trading revenue was very strong, JP Morgan is one of the biggest global players in the commodities markets and this cost them around ~$500m. The other area of weakness that should come as no surprise was in Investment Banking revenue, simply fewer deals completed due...

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29/09/2021 09:18

International Equities Portfolio

MM’s International portfolio fell -2.12% in tough / volatile week for stocks, not surprisingly Exxon Mobil (XOM US) was the standout performer while Zoom (ZM US) again frustrated us. We are still holding 9% in cash with 2 moves on our mind at present as we continue to look at ways to take advantage of the current market jitters, unfortunately Glencore (GLEN LN)...

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11/08/2021 09:45

JP Morgan (JPM US) $US159.26

JPM is tempting us considering both our large cash position and macro-economic view into Christmas. The stock looks great after its recent 13% correction, this would potentially be relatively short-term foray into the investment bank but a 10-15% return over 4-6 months is more attractive than cash in today’s low rate world.

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17/03/2021 09:12

JP Morgan (JPM US) $US153.51 – MM are selling from the International Equities Portfolio

MM has enjoyed a phenomenal run from JPM over the last 6-months but we believe the “easy money” is behind us from the banks and a decent pullback wouldn’t surprise.

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