JPMorgan Lifts Cost Guidance With Traders Eying Another Big Haul - Bloomberg.com
Earnings
JPMorgan lifted cost guidance at its investor day, with Jamie Dimon flagging higher expenses even as trading desks eye another strong quarter and Dimon signals appetite for up to $20B in M&A. The cost guidance lift is a near-term EPS headwind, and with 8 insider sells in 30 days and the stock already -2.8% today, the setup favors tactical caution rather than chasing.
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Angle
↓ SHORT-5% target+3% stop2-3 weeks
Fade the JPM bounce — rising cost guidance, insider selling, and a mixed analyst skew (13 Holds) suggest limited upside after today's selloff.