JPMorgan Chase & Co. (NYSE: JPM) reported its first-quarter financial results before the markets opened on Thursday. The company posted $1.65 in earnings per share (EPS) and $25.59 billion in revenue, versus consensus estimates from Thomson Reuters of$1.52 in EPS and revenue of $24.88 billion. The same period of last year reportedly had EPS of $1.35 and $24.08 billion in revenue.
During the quarter, net interest income was $12.4 billion, up 6%, primarily driven by loan growth and the net impact of higher rates. Noninterest revenue was $13.2 billion, up 6%, primarily driven by the Corporate & Investment Bank, largely offset by Card new account origination costs and lower MSR risk management results. Also the provision for credit losses was $1.3 billion, down from $1.8 billion, due to net reserve releases.
Also average core loans were up 11%, with average deposits of $623 billion. Record average loan balances were $118 billion, up 7%, and record average deposit balances were $159 billion, up 5%.
Hot Bank Stocks For 2018: Cooper Tire & Rubber Company(CTB)
- [By Matt Hogan]
Finbox.io fair value data (as of January 4) shows that there are only five US manufacturing stocks that have 25% or more margin of safety: Vera Bradley, Inc. (NASDAQ: VRA), Cooper Tire & Rubber Co (NYSE: CTB), Farmer Brothers Co. (NASDAQ: FARM), Allergan plc Ordinary Shares (NYSE: AGN) and Motorcar Parts of America, Inc. (NASDAQ: MPAA).
Hot Bank Stocks For 2018: JAKKS Pacific, Inc.(JAKK)
- [By Peter Graham]
A long term performance chart shows shares of Hasbro, Inc largely going in one direction while shares of peers likemid cap Mattel, Inc (NASDAQ: MAT)and small cap JAKKS Pacific, Inc (NASDAQ: JAKK) have gone in the other direction:
- [By Peter Graham]
A long term performance chart shows shares of Hasbro, Inc largely trending upward while shares of peers like mid cap Mattel, Inc (NASDAQ: MAT) and small cap JAKKS Pacific, Inc (NASDAQ: JAKK) have largely trended downward:
- [By Roberto Pedone]
One under-$10 toy player that’s trending very close to triggering a major breakout trade is Jakks Pacific (JAKK), which is a producer and marketer of children’s toys and other consumer products. This stock has been destroyed by the bears so far in 2013, with shares off sharply by 60%.
If you take a look at the chart for Jakks Pacific, you’ll notice that this stock has been downtrending badly for the last two months and change, with shares plunging from its high of $11.75 to its recent low of $4.82 a share. During that downtrend, shares of JAKK have been consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of JAKK look like they might be ready to see an end to its downside volatility in the short-term if the recent lows can hold. I believe this due to the fact that JAKK has started to move sideways and trend within range of triggering a major breakout trade.
Traders should now look for long-biased trades in JAKK if it manages to break out above some near-term overhead resistance levels at $5.08 to $5.27 a share with high volume. Look for a sustained move or close above those levels with volume that hits near or above its three-month average action of 695,817 shares. If that breakout triggers soon, then JAKK will set up to re-test or possibly take out its next major overhead resistance levels at $5.68 to its 50-day moving average at $6.07 a share. Any high-volume move above its 50-day will then put $7 to $8 into range for shares of JAKK.
Traders can look to buy JAKK off weakness to anticipate that breakout and simply use a stop that sits right below some key near-term support levels at $4.87 to $4.82 a share. One can also buy JAKK off strength once it clears those breakout levels with volume and then simply use a stop that sits a comfortable percentage from your entry point.
Hot Bank Stocks For 2018: Compass Diversified Holdings(CODI)
- [By WWW.MONEYSHOW.COM]
Compass Diversified Holdings (CODI) seeks to invest in manufacturing, distribution, consumer products, and business services sectors.
One thing I like about Compass is its strict definitions of its acquisition strategy. They have a six-step process of identifying companies to acquire that reads simply, but has lead to astounding success.