JPMorgan, BofA CEOs Predict New Round of Trading Windfalls - Bloomberg.com
Earnings
JPMorgan and BofA CEOs are guiding for another strong trading revenue quarter, with BofA specifically calling for 15% Q2 trading growth and raising NII guidance on solid consumer spending. Both stocks are down ~2% today despite the bullish guidance, creating a potential dip entry against a constructive fundamental backdrop.
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↑ LONG+6% target-4% stop4-6 weeks, into Q2 earnings printJul 15 '25
Buy BAC on today's dip — 15% Q2 trading guide, NII upgrade, and 25-analyst consensus (7SB/18B) argue the selloff is noise; JPM a secondary long with heavier insider selling as a caution.