JPMorgan Chase & Co. (NYSE:JPM) And Finicity Ink Data-Sharing Agreement

JPMorgan Chase & Co. (NYSE:JPM) And Finicity Ink Data-Sharing Agreement

JPMorgan Chase & Co. (NYSE:JPM) And Finicity Ink Data-Sharing Agreement

  • For the quarter, JPMorgan Chase is expected to report earnings of $1.57 per share, up two cents from the same quarter last year, on revenue of $24.8 billion, according to third-party consensus analyst estimates. Revenues are expected to decline 1.5% compared to Q2 2016. Last quarter the bank’s trading revenues increased, partially due to heightened volatility in markets.
  • JPMorgan Chase and the data aggregator Finicity have signed an agreement that will let the bank’s customers share their data with third-party financial apps — without disclosing their login credentials.
  • The companies will use an application programming interface to let Chase customers send the data to the apps Finicity supports, including personal financial services apps and income verification tools.
  • The companies said the agreement is a way to accomplish a few things: It protects consumers’ security and privacy, it helps consumers make smart financial decisions and it quickly delivers the most reliable data.

JPMorgan Chase & Co. is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking. The Corporate & Investment Bank segment, comprising Banking and Markets & Investor Services, offers investment banking, market-making, prime brokerage, and treasury and securities products and services to corporations, investors, financial institutions, and government and municipal entities. The Commercial Banking segment provides financial solutions, including lending, treasury services, investment banking and asset management. The Asset Management segment comprises investment and wealth management.

Overall, the bias in prices is: Upwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

Note: this chart shows extraordinary price action to the upside.

By the way, prices are vulnerable to a correction towards 89.16.

The projected upper bound is: 95.30.

The projected lower bound is: 89.94.

The projected closing price is: 92.62.

JPMORGAN CHASE closed down -0.010 at 92.500. Volume was 100% below average (consolidating) and Bollinger Bands were 76% wider than normal.

Open         High          Low           Close         Volume
92.500      92.500      92.500      92.500      127

Technical Outlook
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish

Moving Averages: 10-period        50-period       200-period
Close:                       92.72               87.35               83.60
Volatility:                14                     20                     22
Volume:                  14,553,765      13,773,726      15,987,454

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

JPMORGAN CHASE is currently 10.6% above its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of JPM at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on JPM and have had this outlook for the last 20 periods.

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 20.9750. This is not an overbought or oversold reading. The last signal was a sell 3 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 66.88. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 2 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 39. This is not a topping or bottoming area. The last signal was a sell 3 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 24 period(s) ago.

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John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

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