JPMorgan, BofA CEOs Predict New Round of Trading Windfalls - Bloomberg.com
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.
What happened
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.
The read · May 27
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.
Wrong if
Macro risk-off or credit deterioration headlines before mid-July earnings could extend the selloff; JPM's insider selling pattern also raises the question of whether bank insiders are distributing into their own bullish guidance.
CoverageSource: Google News · Published here WED, MAY 27 · 2:49 PM ET · the only report in this recordHow this is decided →
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The story1 min read
The read, in fullWhy it matters
BofA CEO's explicit 15% Q2 trading revenue guide and NII raise are unusually forward-looking management signals, not just analyst optimism. Consensus is strongly constructive (7SB/18B, only 5 holds) and today's -2.1% selloff appears macro-driven rather than fundamental — offering a better entry into a known positive catalyst. JPM carries more risk given 8 insider sales in 30 days with no buys, so BAC is the cleaner vehicle.
The arc● Open · no developments yet
· Published
The read above, as written. kept as written
Next · what would move this
A dated catalyst on JUL 15 · 4-6 weeks, into Q2 earnings print. Follow to be told when one lands.
Receipts
Google News — the original2:49 PM
Research, not advice.
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