Bank stock prices are “full”

July 31, 2024 Leave a comment

The JP Morgan share price is currently trading at a level which portends to it experiencing something between multi-years of sideways travel or resembling a share price decline close to 23%.

The circles in the monthly price chart below show the moments when I have identified similar metrics.

I don’t find the risk/reward of initiating a long position at its current price of $215 attractive.

It could be a good time for an executive to ponder utilising the “Hank Paulsen loophole” should he be asked to become the Secretary of the Treasury.

July 31, 2024

by Rob Zdravevski

rob@kariasset.com.au

Screenshot

Filed under Finance & Investment Tagged with , , ,

US$50 billion in market cap erased

January 20, 2022 Leave a comment

In another edition of Perspective & Misnomers,

JP Morgan’s stock price has fallen 12% in the past 3 days.
This means its market capitalisation has declined by US$55 billion.

That is the same amount as all of Westpac Bank’s total market capitalisation.

Furthermore, in the past 3 days, 95 million shares of JP Morgan were traded, which is equal to US$15.2 billion worth of stock.

This is equal to 2 days of traded value of the whole Australian Stock Exchange.

That’s a lot of money when you put in it perspective.

Incidentally, JP Morgan’s stock is back to the same price as 11 months ago.

January 20, 2022
by Rob Zdravevski
rob@karriasset.com.au

Filed under Finance & Investment Tagged with ,