J.P. Morgan Chase & Co. (NYSE: JPM) is showing that things are continuing to improve in earnings and credit metrics. That is what $3.3 billion in earnings does, or earnings $0.74 EPS vs. $0.64 estimates. Dimon talked up credit and punted the dividend down the road as he said regulators would not likely allow a dividend hike for the time being so that banks can build their capital (and probably be taxed more) in the recovery. Shares are up 2.8% at $47.18 on almost 2 million shares as of 8:48 AM EST and the 52-week high is very close at $47.47.
Bank of America Corporation (NYSE: BAC) is also trading higher despite its earnings report being 48 hours out. Shares are up 2.3% at $19.10 on 3 million shares. Its 52-week range is $7.00 to $19.10.
Even Citigroup Inc. (NYSE: C) is higher ahead of next week’s earnings report. Vikram’s stock is up 2.1% at $4.72 on over 14 million shares.
JON OGG
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