JPMorgan CEO sees expenses climbing; eyes up to $20 billion M&A opportunity - Reuters
Earnings
JPMorgan CEO Jamie Dimon signaled rising expenses and flagged appetite for a deal of up to $20 billion, sending shares down 2.4% on the day. The cost-expansion warning combined with 8 insider sells in 30 days and a mixed analyst split (3 Strong Buy vs. 13 Hold) sets up continued near-term pressure on JPM.
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Angle
↓ SHORT-5% target+3% stop2-3 weeks
Short JPM tactically — rising expense guide, 8 insider sells, and a 'we might do a $20B deal' signal are all headwinds for near-term multiple expansion.