JP Morgan stocks have been falling over the past week, the decline came after JP Morgan announced their first quarter results for 2022, posting a 21% decline in profits and 42% fall in earnings opposed to last year's Q1 earnings.
Big US banks will be announcing their earnings indicators
When the CEO of JP Morgan said there are “dark storm clouds on the horizon” It became clear that we should not expect the stock price to bounce back right anytime soon. During the course of today and in the coming days some of the other big US banks will be announcing their earnings indicators. Inlight of this perhaps we should keep an eye on the financial stocks and sector-linked ETFs as further losses could be on the horizon.
JP Morgan Price Chart
Source: Finance.yahoo.com, Dailyfx.com