Jamie Dimon says JPMorgan Chase could spend $20 billion on acquisition: 'We are on the lookout' - CNBC
Earnings
Jamie Dimon signaled JPMorgan could deploy up to $20 billion on acquisitions while simultaneously lifting expense guidance, sending shares down nearly 3% today. The higher cost outlook overshadows the M&A optionality narrative and, with 8 insider sells and zero buys in the last 30 days, the risk/reward for a near-term bounce is murky.
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Angle
↓ SHORT-5% target+2% stop2-3 weeks
Fade the JPM bounce — higher expense guidance + insider selling pressure argues for continued near-term weakness toward $285 before re-evaluating the M&A story.