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JPMorgan Chase

JPMorgan Chase is one of the largest and most complex financial institutions in the United States, with nearly $4.1 trillion in assets. It is organized into four major segments--consumer and community banking, corporate and investment banking, commercial banking, and asset and wealth management. JPMorgan operates, and is subject to regulation, in multiple countries.

Descubre por qué septiembre es históricamente negativo para los mercados de EE.UU. y Latinoamérica, y qué esperar este año según expertos.

El sorprendente patrón negativo en septiembre: Lo que revelan los mercados de EE.UU. y Latinoamérica

Descubre las recomendaciones de JP Morgan para septiembre y cómo podrían impactar en los mercados. No te pierdas los cinco puntos clave.

JP Morgan revela cinco puntos clave para septiembre: Expectativas y oportunidades de inversión

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El carry trade del yen ha causado un revuelo en los mercados globales, dejando a los inversores en un estado de incertidumbre sobre el futuro de los mercados financieros.

El impacto del carry trade del yen en los mercados financieros globales

JPMorgan Chase & Co

JPM GL AGG BND U ETF

JPM GLOBAL AGG BOND UCITS ETF ACC

JPM GLOBAL AGG BOND UCITS ETF DIS

JPM US EQUITY ACTIVE UCITS ETF ACC

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JPM US VALUE ACTIVE UCITS ETF ACC

JPM US VALUE ACTIVE UCITS ETF DIST

JPMorgan USD Emerging Markets Sovereign Bond ETF

JPM EMB UCI ETF

JPM BB CHINA AGG BD UCITS ETF USD H

JPM-BETAB.U.T.B.0-1Y UCITS ETF

JPMORGAN ETFS (IRELAND) ICAV ETF

JPMBBUSEA ETF

JPMBBUSED ETF

JPM BB US TR UCI ETF

JPM CARBON TRANSITION GLO EQ CTB ETF

JPM CLIMATE CHANGE SOLUTIONS UCITS ETF A

JPMorgan Diversified Return U.S. Mid Cap Equity ETF

JPM GL EM MKTS RE E IDX EQ UCITS ETF

JPMEQPIAA ETF

JPM US EQ PREMIUM INC UCITS ETF ACC

JPM ICAV GL HY ETF

JPM BB US TR 1 3 UCITS ETF

JPM USD ULTRA-SHORT INCOME UCITS ETF

JPM GLOB EQ PREMIUM UCITS ETF DIS

JPM GLOB EQ PREMIUM UCITS ETF ACC

JPM I-GL.RES.ENH.I.E. DLA UCITS ETF

JPM ICAV-GL.EQ.M.-F. UCITS ETF

JPM GLOBAL REI EQ SRI PAB UCITS ETF

JPM GREEN SOCIAL SUST BND UCITS ETF

JPM GL HY CORP BD MF USD HDG ETF

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Tidal Trust II YieldMax JPM Option Income Strategy ETF

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JPM US REI EQ SRI PAB UCITS ETF ACC

JPM I-US RES.ENH.I.E. DLA UCITS ETF

JPMORGAN CHASE ORD

J P Morgan Chase & Co Depositary Shares, each representing a 1/400th interest in a share of 6.00% Non-Cumulative Preferred Stock, Series EE

J P Morgan Chase & Co Depositary Shares, each representing a 1/400th interest in a share of 5.75% Non-Cumulative Preferred Stock, Series DD

J P Morgan Chase & Co Depositary Shares, each representing a 1/400th interest in a share of JPMorgan Chase & Co. 4.75% Non-Cumulative Preferred Stock, Series GG

J P Morgan Chase & Co Depositary Shares, each representing a 1/400th interest in a share of 4.55% Non-Cumulative Preferred Stock, Series JJ

J P Morgan Chase & Co Depositary Shares, each representing a 1/400th interest in a share of 4.625% Non-Cumulative Preferred Stock, Series LL

J P Morgan Chase & Co Depositary Shares, each representing a 1/400th interest in a share of 4.20% Non-Cumulative Preferred Stock, Series MM

<a href="https://truthsocial.com/@realDonaldTrump/posts/113482854385986466" title="https://truthsocial.com/@realDonaldTrump/posts/113482854385986466">https://truthsocial.com/@realDonaldTrump/posts/113482854385986466</a>

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Donald J. Trump Posts On Truth "I respect Jamie Dimon, of JPMorgan Chase, greatly, but he will not be invited to be a part of the Trump Administration. I thank Jamie for his outstanding service to our Country!"

Legendary investor Ken Fisher's hedge fund, Fisher Asset Management, grew the value of its portfolio by more than $14 billion dollars <a href="https://www.benzinga.com/personal-finance/24/09/41030896/why-ken-fisher-says-capital-preservation-could-cost-you-big-in-retirement">in the last quarter</a>.
Here's a look at the fund's most significant trades.  
Top Holdings: Fisher Asset Management reported approximately $244 billion in assets under management (AUM), according to an SEC<a href="https://www.sec.gov/Archives/edgar/data/850529/000085052924000012/xslForm13F_X02/primary_doc.xml"> filing</a>. 
Read Next: <a href="https://www.benzinga.com/trading-ideas/movers/24/11/41949068/bitcoin-could-reach-1-million-by-2037-economist-says-buy-of-a-lifetime-opportunity">Bitcoin Could Reach $1 Million By 2037, Economist Says: &#8216;Buy Of A Lifetime&#8217; Opportunity</a>
The firm also added small amounts to each of its top five positions: 
<ul>
<li>Apple, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)</li>
<li>Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)</li>
<li>NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)</li>
<li>Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and </li>
<li>Alphabet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>). </li>
</ul>
Top Buys: Fisher Asset Management's top buy in terms of value was $2.09 billion in shares of the iShares 7-10 Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IEF#NASDAQ">IEF</a>) which provides targeted exposure to U.S. Treasury bonds with remaining maturities between seven and ten years. Treasury bonds are generally considered low-risk investments, which can help balance riskier assets in a diversified portfolio. 
The fund's second and third-largest buys were $850 million in shares of JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) and $490 million worth of shares of oil and natural gas producer ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>). 
Top Sells: The hedge fund's top sells by value were $1.35 billion in shares of the iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LQD#NYSE">LQD</a>), $750 million worth of Walt Disney Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) shares and $710 million in shares of Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>). 
New Holdings: One of the fund's most notable new holdings is Nu Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NU#NYSE">NU</a>), a digital banking services provider also backed by Warren Buffett. Fisher Asset management opened a position in Nu Holdings with approximately 7.23 million shares valued at more than $98.7 million.&nbsp;
The hedge fund also took a $28.3 million new position in wealth manager UBS Group AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBS#NYSE">UBS</a>) and opened a $17.2 million position in the iShares MSCI China A ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/CNYA#BATS">CNYA</a>), which tracks an index composed of Chinese equities available to international investors.
Why It Matters: Hedge funds often use sophisticated investment strategies and have access to extensive research which can provide insights into emerging market trends. Individual investors can track hedge funds for investment ideas, successful strategies or compare their own performance against professional investors.&nbsp;
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<li><a href="https://www.benzinga.com/general/biotech/24/11/41822473/trumps-potential-health-czar-robert-f-kennedy-jr-rattles-vaccine-stocks-shoot-first-reaction">Trump&#8217;s Potential &#8216;Health Czar&#8217; Robert F. Kennedy Jr. Rattles Vaccine Stocks: &#8216;Shoot First Reaction&#8217;</a></li>
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Image: Shutterstock

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iShares Trust Barclays 7-10 Year Treasury Bond Fund

MSFT

Here's How Billionaire Ken Fisher's Hedge Fund Made $14 Billion Last Quarter

Investors with a lot of money to spend have taken a bullish stance on JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with JPM, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 16 uncommon options trades for JPMorgan Chase.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 25%, bearish.
Out of all of the special options we uncovered, 8 are puts, for a total amount of $302,243, and 8 are calls, for a total amount of $826,893.
<h3>Projected Price Targets</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $205.0 to $260.0 for JPMorgan Chase during the past quarter. 
<h3>Volume &amp; Open Interest Trends</h3>
In today's trading context, the average open interest for options of JPMorgan Chase stands at 3029.5, with a total volume reaching 5,510.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in JPMorgan Chase, situated within the strike price corridor from $205.0 to $260.0, throughout the last 30 days.
<h3>JPMorgan Chase Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731607262_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>JPM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$8.1</td>
<td>$8.0</td>
<td>$8.0</td>
<td>$235.00</td>
<td>$292.8K</td>
<td>7.5K</td>
<td align="right">402</td>
</tr>
<tr>
<td>JPM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$3.5</td>
<td>$3.4</td>
<td>$3.44</td>
<td>$260.00</td>
<td>$183.9K</td>
<td>4.9K</td>
<td align="right">548</td>
</tr>
<tr>
<td>JPM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$4.25</td>
<td>$4.2</td>
<td>$4.25</td>
<td>$250.00</td>
<td>$104.9K</td>
<td>6.1K</td>
<td align="right">321</td>
</tr>
<tr>
<td>JPM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$13.85</td>
<td>$12.7</td>
<td>$13.55</td>
<td>$230.00</td>
<td>$101.6K</td>
<td>5.9K</td>
<td align="right">103</td>
</tr>
<tr>
<td>JPM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$9.55</td>
<td>$9.4</td>
<td>$9.48</td>
<td>$245.00</td>
<td>$50.2K</td>
<td>296</td>
<td align="right">158</td>
</tr>
</tbody>
</table>

<h3>About JPMorgan Chase</h3>
JPMorgan Chase is one of the largest and most complex financial institutions in the United States, with nearly $4.1 trillion in assets. It is organized into four major segments--consumer and community banking, corporate and investment banking, commercial banking, and asset and wealth management. JPMorgan operates, and is subject to regulation, in multiple countries.
Following our analysis of the options activities associated with JPMorgan Chase, we pivot to a closer look at the company's own performance.
<h3>Present Market Standing of JPMorgan Chase</h3>
<ul>
<li>With a trading volume of 3,621,824, the price of JPM is up by 0.35%, reaching $242.01.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 62 days from now.</li>
</ul>
<h3>Expert Opinions on JPMorgan Chase</h3>
In the last month, 1 experts released ratings on this stock with an average target price of $241.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Oppenheimer has decided to maintain their Outperform rating on JPMorgan Chase, which currently sits at a price target of $241. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest JPMorgan Chase options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

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JPMorgan Chase Unusual Options Activity For November 14

Republicans are set to maintain control of the House of Representatives with a narrow margin, marking a new era as President-elect Donald Trump heads back <a href="https://www.benzinga.com/topic/donald-trump">to the White House. </a>
With control of Congress locked up Wednesday, Trump and his allies are poised to enact changes across various sectors, from tax reforms to potential deregulations, as the party mobilizes to advance its agenda across Washington, NBC News <a href="https://www.nbcnews.com/politics/2024-election/republicans-win-house-majority-trump-party-senate-control-rcna179231">reports</a>.
What Happened: Following a decisive win over Vice President Kamala Harris, Trump&#8217;s victory helped secure key congressional seats that kept Republicans in command of the House and the Senate. This sweeping Republican control creates a dynamic environment where Trump can enact his policy objectives with minimal opposition, positioning the party to reshape American policy on multiple fronts.
House Speaker Mike Johnson (R-La.) celebrated the victory on Capitol Hill, emphasizing the unity and optimism he expects to define the next two years of governance. Key GOP gains in swing districts across Pennsylvania and Michigan helped solidify Republican dominance, despite Democrat efforts to regain control, according to NBC News.
With this control, Trump's team may pursue reforms involving tax cuts, health care changes, and immigration policy adjustments aimed at fulfilling the promises for which he campaigned. Republicans will also be in a position to use "reconciliation," a procedural tool allowing legislation to pass more easily without relying on Democratic support.
Read Next:<a href="https://www.benzinga.com/politics/24/11/41950681/trump-once-said-political-career-over-about-john-thune-now-senate-majority-leader-working-with-him-to-pass-gop-agenda"> Trump Once Said John Thune&#8217;s &#8216;Political Career Over&#8217;: Now He&#8217;ll Work With Senate Majority Leader On GOP Agenda</a>
Why It Matters: The GOP's full leadership signals potential market shifts as Republicans focus on deregulation and reshaping economic policy. 
Analysts expect changes in sustainable investment strategies under Trump's leadership. JPMorgan's Virgina Martin Heriz highlighted that while some Inflation Reduction Act incentives for clean energy might stay, others, like electric vehicle tax credits, could face cuts. &#8220;Fund performance matters far more than politics,&#8221; she said, underlining that financial gains may drive <a href="https://www.benzinga.com/government/regulations/24/11/41926301/sustainable-investment-under-trump-performance-matters-far-more-than-politics-jpmorgan-analyst-says">decisions in renewable energy.</a>
In light of these changes, certain sectors may see pronounced impacts:
Energy Sector Growth: With a pro-energy agenda, traditional oil and gas firms could thrive under reduced regulations. 
<ul>
<li>ETF to Watch: Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>), tracking companies like Exxon Mobil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) and Chevron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>), may benefit from policies aimed at fossil fuel expansion.</li>
</ul>
Financial Sector Deregulation: Reduced oversight in the financial sector could benefit banks and investment firms. 
<ul>
<li>ETF to Watch: Financial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>), which includes firms such as JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) and Bank of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>).</li>
</ul>
Defense and Infrastructure Investment: Increased defense and infrastructure spending could benefit contractors. 
<ul>
<li>ETF to Watch: iShares U.S. Aerospace &amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITA#NYSE">ITA</a>), with major holdings like Lockheed Martin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) and Raytheon Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>).</li>
</ul>
Read Next:
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41930918/trumps-high-inflation-regime-will-weaken-the-dollar-and-push-bitcoin-to-1m-says-arthur-hayes-get-long-and-stay-long">Trump&#8217;s High-Inflation Regime Will Weaken The Dollar And Push Bitcoin To $1M, Says Arthur Hayes: &#8216;Get Long And Stay Long&#8217;</a></li>
</ul>
Photo: Shutterstock

Sector ETFs

Politics

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iShares Dow Jones US Aerospace & Defense Index Fund

Republicans Set To Hold Slim House Majority: What It Means For Energy, Financial, Defense Sectors

Mastercard Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>) adjusted its financial outlook for 2025-2027, projecting slower net revenue growth <a href="https://investor.mastercard.com/financials-and-sec-filings/sec-filings/sec-filings-details/default.aspx?FilingId=17965214" target="_blank" rel="noreferrer noopener">than anticipated</a>.
The new forecast estimates annual net revenue will grow in the &#8220;high-end of low-double-digits,&#8221; a noticeable deceleration compared to the high-teens growth expected for 2022-2024, Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-11-13/mastercard-predicts-slower-annual-revenue-growth-through-2027?sref=TBDibEcD" target="_blank" rel="noreferrer noopener">reports</a>.
The company anticipates a compound annual growth rate (CAGR) in the mid-teens for EPS over the next three years, down from its prior expectation of low-20s growth for 2022-2024.
Also Read: <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/24/11/41938588/why-is-super-micro-computer-stock-trading-lower-on-wednesday" rel="noreferrer noopener">Why Is Super Micro Computer Stock Trading Lower On Wednesday?</a>
The company aims for an annual operating margin of at least 55% during the 2025-2027 timeframe, up from a minimum target of 50% for 2022-2024.
Mastercard reported <a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41659697/mastercard-q3-earnings-revenue-and-eps-beat-cross-border-transactions-growth-sees-european-consumer" rel="noreferrer noopener">third-quarter net revenue</a> of $7.37 billion, a 13% increase from the previous year, surpassing the analyst estimate of $7.27 billion. Adjusted earnings per share climbed 15% year-over-year to $3.89, beating the expected $3.74 consensus.
Revenue from the payments network increased by 10% year-over-year (11% on a currency-neutral basis), driven by a 10% rise in gross dollar volume, a 17% growth in cross-border transactions, and an 11% boost in switched transactions. Mastercard anticipates net revenue growth in the low teens for the fourth quarter, above the $7.27 billion analyst forecast.
KeyBanc&#8217;s analyst Alex Markgraff examined credit and debit card volume data from recent <a href="https://www.benzinga.com/news/24/10/41364634/citigroup-remains-a-compelling-investment-opportunity-analysts-take-on-q3-performance" target="_blank" rel="noreferrer noopener">third-quarter reports</a> by Bank of America Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), Citigroup Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), JPMorgan Chase &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), and Wells Fargo &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>).
Overall, the combined credit card volume for these banks grew 5% year-over-year, down from 6% in the previous quarter. Debit card volume increased by 4% year-over-year, slightly below the 5% growth seen in the second quarter.
The banks reported slower growth in card spending but noted consumer resilience continues, with stabilized spending patterns. JPMorgan highlighted customers have mostly exhausted their &#8220;cash buffer,&#8221; while Bank of America observed consistent payment growth into October.
This modest decline contrasts with forecasts for Mastercard and Visa Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>), for which analysts expected an uptick in card volumes. Despite this, Markgraff believes third-quarter revenue risk remains minimal.
MA Price Action: Mastercard stock is down 1.08% at $523.61 at the last check on Wednesday.
Also Read:
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<li><a href="https://www.benzinga.com/24/11/41907519/sea-ltd-q3-earnings-e-commerce-leads-growth-shopee-on-track-to-hit-gmv-guidance" target="_blank" rel="noreferrer noopener">Sea Q3 Earnings: E-Commerce Leads Growth, Shopee On Track To Hit GMV Guidance, Stock Soars</a></li>
</ul>
Photo: Shutterstock

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Mastercard Lowers Financial Forecast, Signals Slower EPS, Revenue Growth Ahead

JPMorgan Chase &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) has seen its stock rise some 9% to $242.83 in November. The stock has gained following Donald Trump's election win, with investors optimistic about the potential impact of <a href="https://www.benzinga.com/economics/macro-economic-events/24/11/41772701/trumps-historic-return-7-ways-his-second-term-could-impact-the-us-economy">pro-business policies</a> on the banking sector. 
Trump&#8217;s promise to extend and expand corporate tax cuts is expected to benefit large financial institutions like JPMorgan, which could see a direct boost to its net income as lower corporate taxes reduce overall operating costs. 
For a bank with JPMorgan's scale, these savings could be substantial, allowing more resources to be allocated toward growth initiatives and returning value to shareholders.
Read Also: <a href="https://www.benzinga.com/economics/macro-economic-events/24/11/41942346/markets-breath-sigh-of-relief-after-in-line-inflation-data-stocks-rebound-as-small-caps-bonds-soar">Markets Breathe Sigh Of Relief After In-Line Inflation Data: Stocks Rebound As Small Caps, Bonds Soar</a>
What To Know: In addition to potential tax advantages, JPMorgan stands to gain from the inflationary pressures expected from Trump&#8217;s proposed tariffs and increased federal spending, which could lead the Federal Reserve to <a href="https://www.benzinga.com/economics/macro-economic-events/24/11/41938762/october-inflation-rate-rises-to-2-6-as-expected-december-interest-rate-cut-remains-uncertain">keep interest rates elevated</a>. 
As the largest U.S. bank by assets, JPMorgan relies heavily on net interest income from loans, and higher interest rates generally mean greater profitability on lending. The potential for sustained or rising rates would allow the bank to generate increased revenue from its extensive loan portfolio, particularly in areas like mortgages, credit cards, and business loans.
Furthermore, JPMorgan could see regulatory relief under a Trump administration, which has historically sought to reduce constraints on the banking industry. Eased regulations would allow the bank to expand its activities more freely, especially in investment banking and wealth management services. Reduced compliance costs would also positively impact the bank's efficiency ratio, allowing it to operate more profitably.
Internationally, a stronger U.S. dollar—likely under Trump's policies—could benefit JPMorgan's global operations by increasing the relative value of its overseas earnings. 
With broad exposure across financial services, from investment banking to asset management, JPMorgan is well-positioned to capitalize on a potential wave of economic growth and increased business investment fueled by Trump's pro-growth agenda.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41938838/rivians-deal-with-volkswagen-will-help-ev-giant-navigate-the-ship-in-stormy-waters-says-top-analyst-maintains-outperform-rating-with-20-target">Rivian&#8217;s Deal With Volkswagen Will Help EV Giant &#8216;Navigate The Ship In Stormy Waters&#8217;: Analyst</a>
Investors can gain exposure to JPM by investing in the SPDR Dow Jones Industrial Average ETF Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NASDAQ">DIA</a>) and the SPDR S&amp;P 500 ETF Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NASDAQ">SPY</a>). 
<h2 class="wp-block-heading">How To Buy JPM Stock</h2>
Besides going to a brokerage platform to purchase a share &#8211; or fractional share &#8211; of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. 
For example, in JPMorgan Chase&#8217;s case, it is in the Financials sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, JPM has a 52-week high of $248.00 and a 52-week low of $146.52.

SPDR Dow Jones Industrial Average ETF Trust

JPMorgan (JPM) Stock Is Up 9% In November: What's Going On?

President-elect Donald Trump&#8216;s pro-business policies could potentially drive the <a href="https://www.benzinga.com/markets/24/11/41869001/heres-how-trumps-policies-might-shape-the-markets-future">stock market to unprecedented levels</a>, according to Jeremy Siegel, a finance professor at the Wharton School of the University of Pennsylvania.
What Happened: Siegel, speaking <a href="https://www.cnbc.com/2024/11/11/trump-is-the-most-pro-stock-market-president-in-history-whartons-jeremy-siegel.html">on</a> CNBC&#8217;s &#8220;Squawk Box,&#8221; suggested that Trump&#8217;s policies could have a significant impact on the stock market. &#8220;President-elect Trump is the most pro-stock market president we have had in our history,&#8221; Siegel said. 
&#8220;He measured his success in his first term by how well the stock market did. You know, it seems to me very unlikely he&#8217;s going to implement policies that are going to be bad for the stock market,&#8221; Siegel said. 
Following Trump&#8217;s election win, the market has already experienced a surge, with investors banking on his pledges of tax cuts and deregulation to drive growth and benefit-risk assets. 
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41869034/skyrocketing-bitcoin-nears-80000-milestone-on-optimism-over-trump?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin Surges Past $80,000 Milestone For First Time On Optimism Over Trump</a>
Why It Matters: The S&amp;P 500 tracked by SPDR S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose by 4.66% last week, marking its best week since November 2023, and trading above 6,000 for the first time. The Dow Jones Industrial Average represented by the SPDR Dow Jones Industrial Average ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) also reached a new milestone of 44,000 post-election.
Stocks after Trump&#8217;s victory, including Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and major banks like JPMorgan Chase &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) and Wells Fargo &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), experienced significant gains. Additionally, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) continued to hit record highs as traders <a href="https://www.benzinga.com/trading-ideas/movers/24/11/41891682/dogecoin-bitcoin-returns-are-dazzling-but-first-neiro-on-ethereum-and-popcat-have-run-up-55000-and-20000-so-far-in-2024">anticipated looser regulations under Trump</a>.
As the era of the &#8220;Trump trade&#8221; draws to a close, the market&#8217;s attention is shifting toward the potential impacts of Trump&#8217;s policy priorities on investments. His promises of <a href="https://www.benzinga.com/markets/24/11/41869001/heres-how-trumps-policies-might-shape-the-markets-future">lower corporate taxes and deregulation</a> are seen as beneficial for the economy and stock prices, while other pledges, such as immigration clampdowns and high tariffs, are viewed as potential economic obstacles.
Read Next: 
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<li><a href="https://www.benzinga.com/24/11/41867250/warren-buffetts-apple-stake-reduction-spurs-97b-cash-surge-analysts-speculate-this-could-be-the-reason-behind-berkshire-hathaways-massive-cash-pile?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Warren Buffett&#8217;s Apple Stake Reduction Spurs $97B Cash Surge—Analysts Speculate This Could Be The Reason Behind Berkshire Hathaway&#8217;s Massive Cash Pile</a></li>
</ul>
Image via Wikimedia Commons
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Equities

TSLA

Trump Is The 'Most Pro-Stock Market President,' Says Wharton Professor Jeremy Siegel

The CNN Money Fear and Greed index showed further improvement in the overall market sentiment, while the index remained in the &#8220;Greed&#8221; zone on Monday.
U.S. stocks settled higher on Monday, with the Dow Jones jumping more than 300 points to settle above the 44,000 level for the first time, extending gains following the election of Donald Trump as the 47th U.S. president.
Wall Street recorded gains last week, with the S&amp;P 500 surging 4.66% last week and the Dow gaining 4.61%. The Nasdaq, meanwhile, jumped 5.74% during the week.
Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares jumped around 9% on Monday, extending gains following the U.S. presidential election. Shares of big banks, including, JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), Goldman Sachs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), Bank of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), and Citigroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) all closed higher on Monday.
Most sectors on the S&amp;P 500 closed on a positive note, with consumer discretionary, financials, and industrials stocks recording the biggest gains on Monday. However, information technology and real estate stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 304 points to 44,293.13 on Monday. The S&amp;P 500 gained 0.10% to 6,001.35, while the Nasdaq Composite rose 0.06% to close at 19,298.76 during Monday's session.
Investors are awaiting earnings results from Tyson Foods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSN#NYSE">TSN</a>), The Home Depot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>), and Occidental Petroleum Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 67.9, the index remained in the &#8220;Greed&#8221; zone on Monday, versus a prior reading of 62.7.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
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</ul>
Photo courtesy: Shutterstock

Earnings

Pre-Market Outlook

Dow Settles Above 44,000 For The First Time As Tesla Continues To Surge After Trump Win: Investor Sentiment Improves, Fear Index In 'Greed' Zone

Financial stocks are basking in a post-election rally after Donald Trump's election win as investors anticipate a friendlier regulatory landscape for banks, brokers and<a href="https://www.benzinga.com/markets"> consumer finance companies</a>.
With expectations of deregulation and possible tax cuts, traders are piling into financials at levels not seen in years.
The Financials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) jumped over 5% last week, hitting fresh record highs, while weekly inflows surged to $1.573 billion—the highest in over two years. 
Regional banks, in particular, were on fire, with the SPDR S&amp;P Regional Banking ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRE#NYSE">KRE</a>) skyrocketing nearly 11% and seeing $1.09 billion in inflows, marking its largest influx of money since March 2023.
<h3 class="wp-block-heading">Key Drivers: Deregulation, Tax Cuts Fuel Investor Optimism</h3>
Investors are betting on a wave of Trump-favored financial reforms that could benefit the sector. 
Richard Ramsden, a Goldman Sachs analyst, highlighted that "the market is pricing in the potential for changes to a number of proposed regulations, a step up in capital markets activity, as well as the potential for a reduction in the corporate tax rate."
Potential regulatory changes under Trump could include:
<ol>
<li>401K Reform: Opening up retirement plans to private investments could attract a flood of new capital.</li>
<li>Relaxed Antitrust Regulations: A more lenient antitrust stance may spark increased mergers and acquisitions (M&amp;A) activity.</li>
<li>Reduced SEC Oversight: There is limited clarity on whether the SEC will continue probing brokers' sweep pricing practices.</li>
<li>Crypto-Friendly Policies: Financial firms with crypto exposure may benefit from a more favorable regulatory environment and higher digital asset prices.</li>
</ol>
<h3 class="wp-block-heading">Goldman Sachs's Top Picks Among Financials Stocks</h3>
In anticipation of these shifts, Ramsden and his team have identified several top picks across the financial sector. 
Here's where they see the biggest potential gains:
<ul>
<li>Large Banks: Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), and Wells Fargo &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>).</li>
<li>Consumer Finance: Bread Financial Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BFH#NYSE">BFH</a>), Synchrony Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYF#NYSE">SYF</a>), and Capital One Financial Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>).</li>
<li>Capital Markets: Blackstone Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>), Apollo Global Management Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>), KKR &amp; Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>), LPL Financial Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LPLA#NASDAQ">LPLA</a>), Tradeweb Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TW#NASDAQ">TW</a>), Evercore Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVR#NYSE">EVR</a>), and PJT Partners Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PJT#NYSE">PJT</a>).</li>
</ul>
<h3 class="wp-block-heading">Steeper Yield Curve Expected to Boost Regional Banks</h3>
As markets react to potential economic stimulus and reduced regulatory pressure, analysts anticipate a steeper yield curve, which could be a windfall for banks with heavy exposure to fixed-rate assets. 
Around 60% of both regional and large banks' balance sheets consist of fixed-rate holdings, positioning them to profit as long-term rates rise.
Ramsden's picks for banks that stand to gain the most from a steeper yield curve include:
Regional Banks: 
<ul>
<li>Citizens Financial Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CFG#NYSE">CFG</a>)</li>
<li>Comerica Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMA#NYSE">CMA</a>)</li>
<li>First Hawaiian Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FHB#NASDAQ">FHB</a>)</li>
<li>Zions Bancorporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZION#NASDAQ">ZION</a>)</li>
<li>Truist Financial Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TFC#NYSE">TFC</a>)</li>
<li>Huntington Bancshares Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>)</li>
<li>Regions Financial Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RF#NYSE">RF</a>)</li>
<li>PNC Financial Services Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNC#NYSE">PNC</a>)</li>
<li>Ally Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLY#NYSE">ALLY</a>).</li>
</ul>
<h3 class="wp-block-heading">Surge in Capital Velocity: M&amp;A and Trading Boost Expected</h3>
Trump's pro-business stance is also expected to accelerate capital velocity in the M&amp;A and equity capital markets, providing a strong backdrop for trading activity. 
According to Ramsden, large banks like Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) could be the biggest beneficiaries, while among regional banks,&nbsp;KeyCorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEY#NYSE">KEY</a>)&nbsp;and&nbsp;Citizens Financial Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CFG#NYSE">CFG</a>)&nbsp;stand out.
Investment banks could also see a boost, with&nbsp;Jefferies Financial Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JEF#NYSE">JEF</a>),&nbsp;Moelis &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MC#NYSE">MC</a>),&nbsp;PJT Partners Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PJT#NYSE">PJT</a>), and&nbsp;Piper Sandler Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PIPR#NYSE">PIPR</a>)&nbsp;positioned to capitalize on a more active M&amp;A market. 
In the alternative asset management space,&nbsp;Carlyle Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CG#NASDAQ">CG</a>),&nbsp;KKR,&nbsp;Apollo,&nbsp;TPG Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TPG#NASDAQ">TPG</a>), and&nbsp;Ares Management Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARES#NYSE">ARES</a>)&nbsp;are expected to benefit from an uptick in private equity deal flow.
<h3 class="wp-block-heading">Tax Cut Hopes Could Supercharge Regional Banks</h3>
Financial stocks are uniquely positioned to benefit from any corporate tax reductions, given that 90% of their earnings come from the U.S. and are currently taxed at an average rate of 23%. After the 2017 tax reform slashed the corporate tax rate from 35% to 21%, financials saw their effective tax rate drop by 10 percentage points.
Ramsden estimates that if the Trump administration pursues another tax cut, regional banks would likely see the most significant upside. 
His top tax-cut beneficiaries include&nbsp;Moelis &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MC#NYSE">MC</a>),&nbsp;American Express Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>),&nbsp;Evercore Inc.,&nbsp;Bread Financial Holdings,&nbsp;Piper Sandler,&nbsp;First Citizens BancShares Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCNCA#NASDAQ">FCNCA</a>),&nbsp;Synovus Financial Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNV#NYSE">SNV</a>), and&nbsp;Western Alliance Bancorporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAL#NYSE">WAL</a>).
<h3 class="wp-block-heading">Insurers to Benefit from Steeper Curve, P&amp;C Pricing Power</h3>
The insurance sector may also stand to gain under Trump's pro-business policies. Ramsden expects potential increases in claim costs but sees positive momentum for property and casualty pricing.
Insurers with substantial U.S. exposure and a favorable position on the yield curve could see tailwinds.
Ramsden's picks in the insurance space include&nbsp;W.R. Berkley Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WRB#NYSE">WRB</a>),&nbsp;Hartford Financial Services Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIG#NYSE">HIG</a>), and&nbsp;The Travelers Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>), which he believes are better positioned than brokers to benefit from these trends.
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<li><a href="https://www.benzinga.com/news/global/24/11/41857487/exclusive-trump-victory-triggers-reshoring-rally-as-supply-chain-security-outweighs-cost">EXCLUSIVE: Trump Victory Triggers &#8216;Reshoring&#8217; Rally As Supply Chain Security Outweighs Cost</a></li>
</ul>
Image created using artificial intelligence via Midjourney and Shutterstock.

Large Cap

Mid Cap

Small Cap

Econ #s

ALLY

ARES

FCNCA

HBAN

LPLA

PIPR

ZION

Trump Trade Sparks Biggest Financial Stock Inflows In 2 Years

For over three decades, one of America's largest banks, JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), has refused to pay out a $331 monthly pension to Elaine Silverberg, widow of one of their former longtime employees, according to The New York Post. The publisher recently reported on the ordeal that has left the widow fighting for what should be hers – a battle she has been waging for over 13 years.
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Elaine's late husband, Melvyn Silverberg, worked for Chase Manhattan Bank as a systems analyst until 1979. Tragically, he passed away at just 43 years old in 1988 due to multiple organ failure, leaving Elaine, who was just 37, to raise their three children alone. Since then, Melvyn&#8217;s $53,000 pension from his 10 years at the bank has been in limbo for more than 36 years as Elaine has battled to collect it upon her retirement.
In a statement to the New York Post, <a href="https://www.benzinga.com/quote/JPM">JPMorgan Chase</a> admitted that Melvyn had earned a vested retirement package but claimed that he had failed to complete the necessary paperwork to elect his wife as a beneficiary. Unfortunately, Mel passed away before the 1984 Retirement Equity Act, which automatically granted pension benefits to spouses, came into effect. Because Mel's employment ended before this law was passed, the bank has used this technicality to argue that Elaine is not entitled to any payments.
Trending: Studies show 50% of consumers think Financial Advisors cost much more than they do —<a href="https://www.benzinga.com/money/money-pickle"> to debunk this, this company provides matching for free and a complimentary first call with the matched advisor.</a>
Elaine, now 73, said that the company has treated her like &#8220;an insignificant cockroach just to be stepped on.&#8221; The bank has not backed down despite her repeated pleas and even enlisting the help of Sen.<a href="https://www.benzinga.com/markets/cannabis/24/01/36800756/cory-booker-moves-to-protect-weed-rights-in-federally-funded-housing-no-one-should-face-eviction"> Cory Booker</a> of New Jersey and former New York congressman Eliot Engel.
According to the <a href="https://www.benzinga.com/personal-finance/24/08/40096914/social-security-administration-is-in-a-customer-service-crisis-says-ssa-commissioner-and-u-s-cit">Social Security Administration</a>, the pension should payout $331 monthly, which isn&#8217;t exactly a life-altering amount for a bank that made almost <a href="https://www.benzinga.com/24/10/41300013/jp-morgan-and-wells-fargo-report-better-than-expected-q3-results-that-reflect-resilient-u-s-consumer">$13 billion in profits in the third quarter</a> alone this year.&nbsp;
JPMorgan Chase says they sympathize with Elaine but cannot make an exception without the required paperwork. To add insult to injury, correspondence reviewed by the paper shows that the bank allegedly contacted Melvyn multiple times after his death, including once in 1990, asking him to elect for spousal coverage – two years after he had already passed away.
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Elaine argues that she never received these letters and has been denied what is rightfully hers due to bureaucracy and technicalities. According to a senior lawyer at the mid-Atlantic Pension Counseling Project, the bank&#8217;s reasoning is &#8220;weak&#8221; and highlights a common problem in which pension plans place the burden of evidence on widows like Elaine, who have to &#8220;prove a negative&#8221; years later.
For a bank like JPMorgan, $53,000 isn&#8217;t much, but to Elaine, it is a testament to her husband&#8217;s efforts and the stability he worked so hard to create. &#8220;This is a lot of money to me,&#8221; she said. &#8220;For them, it's just a joke.&#8221;
Read Next:
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<li>Many are using this retirement income calculator to check if they&#8217;re on pace —<a href="https://www.benzinga.com/money/how-do-i-calculate-my-retirement-income-adv"> here&#8217;s a breakdown on how on what&#8217;s behind this formula.</a></li>
<li>Can you guess how many retire with a $5,000,000 nest egg? <a href="https://www.benzinga.com/money/5mil-nest-egg-adv">The percentage may shock you</a>.</li>
</ul>

Personal Finance

For 36 Years, JPMorgan Chase Has Denied A $331 Monthly Pension To An Employee's Widow. The Sum In Question? 'Only' $53,000

Financial giants have made a conspicuous bullish move on JPMorgan Chase. Our analysis of options history for JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) revealed 34 unusual trades.
Delving into the details, we found 44% of traders were bullish, while 29% showed bearish tendencies. Out of all the trades we spotted, 9 were puts, with a value of $534,186, and 25 were calls, valued at $1,699,384.
<h3>Expected Price Movements</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $140.0 to $255.0 for JPMorgan Chase over the last 3 months. 
<h3>Volume &amp; Open Interest Development</h3>
In terms of liquidity and interest, the mean open interest for JPMorgan Chase options trades today is 1890.97 with a total volume of 5,138.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for JPMorgan Chase's big money trades within a strike price range of $140.0 to $255.0 over the last 30 days.
<h3>JPMorgan Chase Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731096471_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>JPM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$40.85</td>
<td>$40.45</td>
<td>$40.71</td>
<td>$200.00</td>
<td>$407.1K</td>
<td>4.0K</td>
<td align="right">100</td>
</tr>
<tr>
<td>JPM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$8.95</td>
<td>$8.9</td>
<td>$8.95</td>
<td>$240.00</td>
<td>$223.7K</td>
<td>9.3K</td>
<td align="right">358</td>
</tr>
<tr>
<td>JPM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$103.15</td>
<td>$102.0</td>
<td>$102.0</td>
<td>$140.00</td>
<td>$122.3K</td>
<td>199</td>
<td align="right">12</td>
</tr>
<tr>
<td>JPM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$29.05</td>
<td>$26.6</td>
<td>$27.4</td>
<td>$240.00</td>
<td>$109.6K</td>
<td>6</td>
<td align="right">40</td>
</tr>
<tr>
<td>JPM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$1.54</td>
<td>$1.51</td>
<td>$1.53</td>
<td>$235.00</td>
<td>$92.2K</td>
<td>3.4K</td>
<td align="right">843</td>
</tr>
</tbody>
</table>

<h3>About JPMorgan Chase</h3>
JPMorgan Chase is one of the largest and most complex financial institutions in the United States, with nearly $4.1 trillion in assets. It is organized into four major segments--consumer and community banking, corporate and investment banking, commercial banking, and asset and wealth management. JPMorgan operates, and is subject to regulation, in multiple countries.
After a thorough review of the options trading surrounding JPMorgan Chase, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Where Is JPMorgan Chase Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 5,820,469, the JPM's price is up by 0.88%, now at $238.47. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 68 days.</li>
</ul>
<h3>Professional Analyst Ratings for JPMorgan Chase</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $238.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Barclays has decided to maintain their Overweight rating on JPMorgan Chase, which currently sits at a price target of $257. 
&#x2A; Maintaining their stance, an analyst from RBC Capital continues to hold a Outperform rating for JPMorgan Chase, targeting a price of $230. 
&#x2A; Consistent in their evaluation, an analyst from Oppenheimer keeps a Outperform rating on JPMorgan Chase with a target price of $241. 
&#x2A; An analyst from Evercore ISI Group persists with their Outperform rating on JPMorgan Chase, maintaining a target price of $230. 
&#x2A; An analyst from Oppenheimer persists with their Outperform rating on JPMorgan Chase, maintaining a target price of $232. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for JPMorgan Chase, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

JPMorgan Chase's Options: A Look at What the Big Money is Thinking

JP Morgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) shares are trading lower on Thursday. J.P. Morgan Real Estate Income Trust, Inc. disclosed the acquisition of a two-site, three-building logistics and storage portfolio in Tampa and Pinellas Park, Florida, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/n41808716/j-p-morgan-real-estate-income-trust-inc-acquires-infill-logistics-and-storage-portfolio-in-florida" rel="noreferrer noopener">for $25.8 million, excluding closing costs</a>.
This investment enables JPMREIT to acquire infill logistics facilities in one of the fastest-growing U.S. metro areas.
Related Read: <a target="_blank" href="https://www.benzinga.com//node/41783392" rel="noreferrer noopener">Jamie Dimon Doesn&#8217;t Plan To Join Trump Administration, Affirms Commitment to JPMorgan</a>
The portfolio, totaling 154,490 square feet, located in densely populated regions near major highways, is strategically positioned to meet the rising demand for both business and personal storage.
Doug Schwartz, Co-President of JPMREIT, said,&nbsp;&#8220;With infill industrial assets experiencing healthy fundamentals and long-term demand tailwinds, this sector remains a high-conviction theme for JPMREIT.&#8221;
&#8221;This acquisition not only strengthens our portfolio but also aligns with our strategy to invest in high-growth regions.&#8221;
Read: <a target="_blank" href="https://www.benzinga.com/news/large-cap/24/11/41685913/jpmorgan-to-pay-investors-151-million-after-sec-flags-various-law-violations" rel="noreferrer noopener">JPMorgan To Lay Out $151 Million In Penalties, Investor Payments After SEC Flags &#8216;Various Law Violations&#8217;</a>
Last month, JPMorgan reported third-quarter revenue of $42.65 billion, up 7%, beating estimates and a net income of <a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41289783/jpmorgan-chase-q3-earnings-investment-banking-revenue-soars-29-raises-fy24-net-interest-income-outl" rel="noreferrer noopener">$12.9 billion and EPS of $4.37</a>.
Also, the bank recently launched a new initiative called&nbsp;J.P. Morgan Private Client <a target="_blank" href="https://www.benzinga.com/news/large-cap/24/10/41388106/jpmorgan-launches-private-client-tier-to-attract-affluent-customers" rel="noreferrer noopener">to attract and&nbsp;serve affluent clients</a>.&nbsp;&nbsp;
The&nbsp;new offering&nbsp;sits between the existing&nbsp;Chase Private Client&nbsp;tier for customers with more than $150,000 and&nbsp;J.P. Morgan Private Bank&nbsp;for clients with more than $5 million in assets.
Investors can gain exposure to the stock via&nbsp;IShares U.S. Financial Services ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYG#NYSE">IYG</a>) and&nbsp;SPDR Select Sector Fund – Financial&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>).
Price Action: JPM shares are down 3.79% at $237.70 at the last check Thursday.
Image via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41810728/jpmorgan-predicts-strong-performance-for-bitcoin-and-gold-under-trump-presidency" target="_blank" rel="noreferrer noopener">JPMorgan Predicts Strong Performance For Bitcoin And Gold Under Trump Presidency</a></li>
</ul>

iShares Trust Dow Jones US Financial Services Index Fund

JP Morgan's Real Estate Arm Targets High-Demand Florida Market With $25.8M Acquisition

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Financials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TOST</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$36.00</td>
<td>$55.2K</td>
<td>83</td>
<td>3.7K</td>
</tr>
<tr>
<td>JPM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/08/24</td>
<td>$240.00</td>
<td>$29.0K</td>
<td>2.9K</td>
<td>3.5K</td>
</tr>
<tr>
<td>AFRM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/08/24</td>
<td>$60.00</td>
<td>$25.2K</td>
<td>1.0K</td>
<td>2.3K</td>
</tr>
<tr>
<td>UPST</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$50.00</td>
<td>$52.3K</td>
<td>1.7K</td>
<td>2.3K</td>
</tr>
<tr>
<td>BAC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/08/24</td>
<td>$44.00</td>
<td>$155.6K</td>
<td>7.0K</td>
<td>2.2K</td>
</tr>
<tr>
<td>PYPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$85.00</td>
<td>$194.9K</td>
<td>12.0K</td>
<td>1.6K</td>
</tr>
<tr>
<td>FUTU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$130.00</td>
<td>$263.0K</td>
<td>782</td>
<td>1.3K</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/29/24</td>
<td>$270.00</td>
<td>$58.8K</td>
<td>1.4K</td>
<td>688</td>
</tr>
<tr>
<td>FHN</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>02/21/25</td>
<td>$21.00</td>
<td>$28.4K</td>
<td>0</td>
<td>154</td>
</tr>
<tr>
<td>AXP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$390.00</td>
<td>$28.1K</td>
<td>52</td>
<td>152</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding TOST (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOST#NYSE">TOST</a>), we observe a call option sweep with bullish sentiment. It expires in 8 day(s) on November 15, 2024. Parties traded 670 contract(s) at a $36.00 strike. This particular call needed to be split into 55 different trades to become filled. The total cost received by the writing party (or parties) was $55.2K, with a price of $83.0 per contract. There were 83 open contracts at this strike prior to today, and today 3735 contract(s) were bought and sold. 
• Regarding JPM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), we observe a put option trade with bullish sentiment. It expires in 1 day(s) on November 8, 2024. Parties traded 100 contract(s) at a $240.00 strike. The total cost received by the writing party (or parties) was $29.0K, with a price of $290.0 per contract. There were 2990 open contracts at this strike prior to today, and today 3504 contract(s) were bought and sold. 
• Regarding AFRM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>), we observe a call option sweep with bearish sentiment. It expires in 1 day(s) on November 8, 2024. Parties traded 265 contract(s) at a $60.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $25.2K, with a price of $95.0 per contract. There were 1025 open contracts at this strike prior to today, and today 2377 contract(s) were bought and sold. 
• Regarding UPST (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPST#NASDAQ">UPST</a>), we observe a put option sweep with bullish sentiment. It expires in 8 day(s) on November 15, 2024. Parties traded 161 contract(s) at a $50.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $52.3K, with a price of $325.0 per contract. There were 1735 open contracts at this strike prior to today, and today 2353 contract(s) were bought and sold. 
• Regarding BAC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), we observe a call option sweep with bearish sentiment. It expires in 1 day(s) on November 8, 2024. Parties traded 1727 contract(s) at a $44.00 strike. This particular call needed to be split into 141 different trades to become filled. The total cost received by the writing party (or parties) was $155.6K, with a price of $90.0 per contract. There were 7064 open contracts at this strike prior to today, and today 2203 contract(s) were bought and sold. 
• Regarding PYPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>), we observe a call option sweep with bearish sentiment. It expires in 71 day(s) on January 17, 2025. Parties traded 619 contract(s) at a $85.00 strike. This particular call needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $194.9K, with a price of $315.0 per contract. There were 12069 open contracts at this strike prior to today, and today 1604 contract(s) were bought and sold. 
• For FUTU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FUTU#NASDAQ">FUTU</a>), we notice a call option trade that happens to be bearish, expiring in 43 day(s) on December 20, 2024. This event was a transfer of 616 contract(s) at a $130.00 strike. The total cost received by the writing party (or parties) was $263.0K, with a price of $427.0 per contract. There were 782 open contracts at this strike prior to today, and today 1387 contract(s) were bought and sold. 
• Regarding COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we observe a call option sweep with bearish sentiment. It expires in 22 day(s) on November 29, 2024. Parties traded 48 contract(s) at a $270.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $58.8K, with a price of $1225.0 per contract. There were 1473 open contracts at this strike prior to today, and today 688 contract(s) were bought and sold. 
• Regarding FHN (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FHN#NYSE">FHN</a>), we observe a put option trade with neutral sentiment. It expires in 106 day(s) on February 21, 2025. Parties traded 154 contract(s) at a $21.00 strike. The total cost received by the writing party (or parties) was $28.4K, with a price of $185.0 per contract. There were 0 open contracts at this strike prior to today, and today 154 contract(s) were bought and sold. 
• For AXP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>), we notice a call option sweep that happens to be bullish, expiring in 316 day(s) on September 19, 2025. This event was a transfer of 62 contract(s) at a $390.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $28.1K, with a price of $457.0 per contract. There were 52 open contracts at this strike prior to today, and today 152 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AFRM

COIN

FUTU

PYPL

TOST

UPST

10 Financials Stocks Whale Activity In Today's Session

Following <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41783773/the-future-of-crypto-regulation-under-a-trump-administration-headwinds-are-now-tailwinds">Donald Trump's presidential win</a>, JPMorgan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) analysts expect both Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and gold to see significant gains, attributing the expected growth to a "debasement trade." 
What Happened: This investment approach is designed to benefit from currency devaluation, often resulting from inflationary or expansionary fiscal policies, The Block <a href="https://www.theblock.co/post/324937/bitcoin-trump-microstrategy-jpmorgan?utm_source=rss&amp;utm_medium=rss">reported</a>.
In such scenarios, assets like Bitcoin and gold are viewed as reliable stores of value, helping to safeguard wealth against decreasing purchasing power.
The "<a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41170398/bitcoin-gold-are-the-debasement-trade-in-uncertain-times-jpmorgan">debasement trade</a>," according to JPMorgan's report led by managing director Nikolaos Panigirtzoglou, will likely be strengthened by the Trump administration&#8217;s potential fiscal expansion, tariffs and geopolitical policies.
"We anticipate an increase in the debasement trade due to debt expansion and heightened geopolitical tension," Panigirtzoglou explained, noting that although gold experienced an initial drop, Bitcoin surged after Trump's victory, underscoring investor confidence in the trade.
While the analysts refrained from setting a specific 2025 price target for Bitcoin, Panigirtzoglou expressed a "positive outlook for Bitcoin through 2025."
The trajectory of central bank gold purchases will play a vital role in determining gold's future price, JPMorgan analysts highlighted. 
They pointed to an increase in gold reserves by central banks after the Ukraine conflict and the resulting sanctions on Russia in 2022.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/ "><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/29155259/905735A6-57D3-4874-9AA1-75D037842DB3-2.gif" alt="Benzinga Future of Digital Assets conference" class="wp-image-270548" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41803451/bitcoin-spot-etfs-hit-622m-inflows-following-trump-victory">Bitcoin Spot ETFs Hit $622M Inflows Following Trump Victory</a>
While the People's Bank of China paused gold acquisitions last April, JPMorgan anticipates that ongoing global tensions and tariff policies may encourage central banks to diversify further from dollar reserves into gold.
Retail investors have also shown increased interest in <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41807557/bitcoin-as-americas-gold-trumps-bitcoin-act-could-reshape-us-reserves-says-coinshares">Bitcoin and gold</a>, with rising ETF investments in both assets since mid-2023, a trend JPMorgan expects to continue into 2025.
Analysts believe Trump's policies could further bolster these assets, making them appealing investments in uncertain economic conditions.
JPMorgan's report also suggests that Bitcoin's growth may receive additional support from MicroStrategy's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) ambitious "21/21 plan." 
This plan involves raising <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41646462/michael-saylor-says-bitcoin-remedy-to-fix-unhealthy-balance-sheets-as-microstrategy-unveil">$42 billion over three years</a>—half through equity and half through fixed-income securities—with $10 billion earmarked specifically for Bitcoin investments in 2025 alone.
This projected investment matches the company's total Bitcoin purchases since mid-2020, indicating a substantial commitment to Bitcoin as a long-term asset.
What&#8217;s Next: These developments, coupled with a favorable regulatory landscape under Trump, will be discussed at Benzinga&#8217;s <a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a> event on Nov. 19 by industry leaders like Raoul Pal.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41782783/coinbase-ceo-brian-armstrong-welcomes-most-pro-crypto-congress-ever-as-end-to-gary-gensler">Coinbase CEO Brian Armstrong Welcomes &#8216;Most Pro-Crypto Congress Ever,&#8217; As End To Gary Gensler&#8217;s SEC Chair Stint Nears</a></li>
</ul>
Image created using artificial intelligence with Midjourney.

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

MSTR

JPMorgan Predicts Strong Performance For Bitcoin And Gold Under Trump Presidency

J.P. Morgan Real Estate Income Trust Acquires Infill Logistics And Storage Portfolio In Florida's Tampa Market For $25.8M

U.S. stocks could open in the green on Thursday after a strong post-election rally on Wednesday that saw former President Donald Trump <a href="https://www.benzinga.com/news/24/11/41768178/donald-trump-defeats-kamala-harris-to-win-2024-election">emerge victorious</a> after a long-drawn battle with Joe Biden and Kamala Harris.
Futures of all three major indices edged up on Thursday, pointing to positive sentiment on Wall Street.
Shares of Trump's social media company, Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) will remain in focus once again on Thursday after surging nearly 6% on Wednesday.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>0.22%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.19%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.19%</td>
</tr>
<tr>
<td>R2K</td>
<td>0.35%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Thursday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) gained 0.22% to $592.42 and the Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 0.26% to $506.87, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data</a>.
Cues From Last Session:
All three major indices registered strong surges as election results poured in on Wednesday, ending the session with major gains. The wider Dow Jones index surged by over 1,500 points, closing the day with 3.6% gains.
Oil prices continued to ease as Trump's win increased expectations of a stronger U.S. dollar.
Treasury yields continued to gain after <a href="https://www.benzinga.com/news/24/11/41765345/treasury-yields-pop-on-trump-victory-chances-10-year-benchmark-reaches-4-month-high">popping on Wednesday at the prospect</a> of a Trump victory.
All eyes will be on the Federal Open Market Committee (FOMC) and Federal Reserve chair Jerome Powell on Thursday as investors await signals on the path for rate decisions going forward.
Most sectors on the S&amp;P 500 closed on a positive note, with consumer discretionary, industrials, and financials stocks recording the biggest gains on Wednesday.
However, consumer staples and real estate stocks bucked the overall market trend, closing the session lower.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>2.95%</td>
<td>18,983.47</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>2.53%</td>
<td>5,929.04</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>3.57%</td>
<td>43,729.93</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>5.84%</td>
<td>2,392.92</td>
</tr>
</tbody>
</table>
</figure>
It's not just equities that surged—top cryptocurrency Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) continued to gain momentum, scaling a new all-time high of $76,460.15. At the time of writing, Bitcoin was trading at $74,967.38, up by 1.48% in the last 24 hours.
Insights From Analysts:
Veteran investor Mark Mobius, chairman of Mobius Emerging Opportunities Fund, <a href="https://www.cnbc.com/">told</a> CNBC that a Trump victory would not just be good for the U.S. economy, but also for emerging ones.
A decisive Trump victory would lead to "lots of deregulation," according to Mobius, which would also be "very good" for emerging countries.
"One of the things [I observe] as I travel around the world, is the incredible impact of U.S. regulations on these countries regarding the transfer of funds, know your customer… hopefully, that will go down the drain and there will be much freer trade and much freer movement of currencies."
Ryan Detrick, chief market strategist at Carson Group, highlighted that the U.S. equity markets have already hit new all-time highs 48 times in 2024, with nearly two months still to go.
Per Detrick's analysis, this could mean the U.S. markets could witness 56 all-time highs in 2024, which would make it the fifth most in history.
He is also bullish on the impact of a potential Fed rate cut on U.S. equities. He noted that when the Fed cut rates at a time when the S&amp;P 500 was near an all-time high, it resulted in stocks being higher a year later.
"They&#8217;ve done this 20 other times and a year later stocks were higher 20 times. As we&#8217;ve been saying all year, the Fed is a tailwind."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Tomorrow the Fed will cut rates with the S&amp;P 500 near an all-time high. They&#39;ve done this 20 other times and a year later stocks were higher 20 times. As we&#39;ve been saying all year, the Fed is a tailwind. <a href="https://t.co/YgfF3WJ4B3">pic.twitter.com/YgfF3WJ4B3</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1854350014425788872?ref_src=twsrc%5Etfw">November 7, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
According to CME Group's FedWatch tool, markets are currently anticipating a 100% chance of a rate cut. Powell's remarks in the press conference will be worth looking out for, though, as investors look for guidance on the future trajectory of rate action.
On the economic data front, U.S. mortgage applications fell by 10.8% from the previous week in the week ended Nov. 1.
U.S. crude oil inventories increased by 2.149 million barrels in the week ended Nov. 1, compared to market estimates of a 1.8 million gain.
See Also:&nbsp;<a href="https://www.benzinga.com/money/how-to-trade-futures" target="_blank" rel="noreferrer noopener">How To Trade Futures</a>
Upcoming Economic Data
While Powell and Fed will be the stars of Thursday's economic calendar, here's all the activity investors will be watching today:
<ul>
<li>Initial jobless claims data and preliminary productivity numbers will be released at 8:30 a.m. ET.</li>
<li>Wholesale inventories data will be released at 10 a.m. ET.</li>
<li>FOMC will announce its rate decision at 2 p.m. ET.</li>
<li>Fed Chair Powell will address a press conference at 2:30 p.m. ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>Trump Media &amp; Technology Group Corp.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) shares plunged nearly 20% in premarket trading on Thursday.</li>
<li>Lyft Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) shares <a href="https://www.benzinga.com/news/24/11/41799780/why-lyft-shares-are-trading-higher-by-over-21-here-are-20-stocks-moving-premarket">popped over 22% </a>after the company raised its outlook amid a surge in sales and ridership.</li>
<li>Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) beat Street expectations and extended its share buyback program. Qualcomm shares rose over 7% in premarket trading.</li>
<li>JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) shares are in focus after Baird downgraded the lender's stock from neutral to sell.</li>
<li>Investors are awaiting earnings results from The Hershey Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>), Halliburton Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>), and Block, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>) today.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures eased in the early New York session, falling by 0.92% as Trump's return to the White House has led to a stronger U.S. dollar.
The 10-year Treasury note yield surged to 4.433%.
Most Asian markets ended Thursday on a positive note, but Japan's Nikkei 225 index ended the day 0.25% lower. European stocks showed strength in early trading.
Read Next:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41798981/jim-cramer-calls-trumps-return-to-white-house-a-huge-win-for-the-stock-market">Jim Cramer Calls Trump&#8217;s Return To White House A &#8216;Huge Win For The Stock Market&#8217;</a></li>
</ul>
Photo courtesy: Wikimedia

Futures

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QCOM

US Stocks Likely To Open Higher, Extending Post-Election Rally: Fed's Rate Decision On Investors' Radar As Expert Highlights Markets Scaling 48 All-Time Highs This Year

Shares of major U.S. banks including JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), Bank of America Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) and Wells Fargo &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) surged on Wednesday following Donald Trump's victory in the 2024 presidential election. Investors are betting on the potential for softer regulations under a GOP-led administration. Here&#8217;s <a href="https://www.benzinga.com/news/24/11/41768178/donald-trump-defeats-kamala-harris-to-win-2024-election">what you need to know.</a>
What To Know: The SPDR S&amp;P Bank ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBE#NYSE">KBE</a>) saw a rise of more than 11%, while the SPDR S&amp;P Regional Banking ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRE#NYSE">KRE</a>), which focuses on smaller banks, surged over 13%, both hitting new 52-week highs on Wednesday.
Following Trump's election win this week, Wall Street analysts have noted a potential shift in the regulatory environment for the banking industry, according to <a href="https://www.cnbc.com/2024/11/06/bank-stocks-advance-in-overnight-trading-as-robinhood-traders-bet-on-less-regulation-with-trump.html">CNBC</a>.
Bank of America analyst Ebrahim Poonawala called the election outcome "positive for bank stocks" and predicted a "more balanced regulatory backdrop."
See Also: <a href="https://www.benzinga.com/government/24/11/41783392/jamie-dimon-doesnt-plans-to-join-trump-administration-affirms-commitment-to-jpmorgan">Jamie Dimon Doesn&#8217;t Plan To Join Trump Administration, Affirms Commitment to JPMorgan</a>
Jaret Seiberg, an analyst at TD Cowen, noted that a Trump presidency could mean reduced scrutiny from the Consumer Financial Protection Bureau (CFPB).
&#8220;Donald Trump is the candidate where you ignore what he says and focus on what you expect him to do," Seiberg wrote in a client note, adding that Trump's regulators would likely scale back on CFPB enforcement and reassess capital requirements for big banks.
Seiberg also pointed out that banks might benefit from lower capital requirements, stable credit card fee policies and friendlier crypto regulations. However, he cautioned that Trump's stance on tariffs and immigration could create inflationary pressures.
Price Action: JPMorgan Chase shares closed Wednesday up 11.5% at $247.06, Bank of America shares closed up 8.38% at $45.39 and Wells Fargo shares closed the day up 13.2% at $72.54 according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
Photo: Shutterstock.

JPMorgan, Bank Of America And Wells Fargo Shares Surged Wednesday: Here's Why

On Tuesday, Donald Trump was elected as the 47th president of the United States, marking a remarkable return to office.
JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) CEO Jamie Dimon has no intentions of leaving the bank for a position in Donald Trump&#8217;s administration, putting rumors of his potential involvement in government to rest.
Speculation surrounding Dimon&#8217;s candidacy for Treasury Secretary was circulating from both Republicans and Democrats. However, Dimon recently addressed the possibility, stating his likelihood of taking a government role was &#8220;almost nil.&#8221;
Despite this stance, Dimon remains a central figure in discussions about potential successors. JP Morgan&#8217;s board has identified four possible candidates for when Dimon eventually steps down.
Dimon, who has led the largest bank in the U.S. for nearly two decades, remains committed to the bank.
Although Dimon himself refrained from public endorsement, a recent report from the New York Times indicated he may privately favor Harris, identifying himself as &#8220;barely a Democrat.&#8221;
The New York Times report <a target="_blank" href="https://www.nytimes.com/2024/10/22/business/jamie-dimon-jpmorgan-harris-trump.html?searchResultPosition=1" rel="noreferrer noopener">added</a> that privately, Mr. Dimon expressed support for Vice President Kamala Harris and would consider a position in her administration, possibly as Treasury secretary.
He has also shared with associates that former President Trump&#8217;s refusal to accept the 2020 election results is nearly a dealbreaker for him.
Dimon&#8217;s political influence and frequent commentary on policy issues have repeatedly sparked calls for his own presidential bid, JP Morgan <a target="_blank" href="https://fortune.com/2024/11/05/jamie-dimon-presidential-election-statement-unity/" rel="noreferrer noopener">told</a> Fortune.
However, Dimon has consistently dismissed such aspirations, with JPMorgan reiterating last year that he has &#8220;no plans to run for office&#8221; and is content in his current position.
Although the veteran banker continued his tradition of not endorsing any presidential candidate this year, he often shared his views on economic policies, financial issues, and national challenges, Reuters noted.
Meanwhile, media reports noted that his wife, Judy Dimon, traveled to Michigan to campaign for Kamala Harris.
Price Action: JPM stock is up 10.8% at $245.36 at the last check on Wednesday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/11/41780976/chip-stocks-like-nvidia-broadcom-taiwan-semi-gain-after-trump-win-whats-going-on" target="_blank" rel="noreferrer noopener">Chip Stocks Like Nvidia, Broadcom, Taiwan Semi Gain After Trump Win &#8211; What&#8217;s Going On?</a></li>
</ul>
Image via Shutterstock

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Jamie Dimon Doesn't Plan To Join Trump Administration, Affirms Commitment to JPMorgan

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Shares of banking and private equity stocks are trading higher after Donald Trump won the US presidential election.

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Trump won't ask JPMorgan's Dimon to join his administration

President-elect Donald Trump posted to Truth Social: "I respect Jamie Dimon, of JPMorgan (JPM) Chase, greatly, but he will not be invited to be a p...

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