JPMorgan (NYSE:JPM) Reorders CIO Unit- JPM, WFC, C, KEY, STI
U.S. Election News
In the newest argue of the huge trading loss, JPMorgan Chase & Co. (NYSE:JPM) has planned to remove the private equity-like operations the special investments group from its CIO. This was first declared by Financial Times on Thursday.
Weekly Financial Biz Recap: JPMorgan SCANDAL Details, Wells Fargo CEO Speaks
We may be skating on very thin ice here, but the weight of the evidence still supports a weak bull case for the near to intermediate term. So I’m adding buy picks on the chart pick list and adjusting trailing stops to account for the risk.
These reports are not investment advice. They are for informational purposes, for a broad audience of investment and trading professionals, and other experienced investors and traders. Chart pick performance changes week to week and past performance may not indicate future results, as you know. Trading involves risk, and these reports assume that you understand those risks and manage them according to your tolerance.