Can JPMorgan Chase Break Higher?
With shares of JPMorgan Chase & Co. (NYSE:JPM) trading around $55, is JPM an OUTPERFORM, WAIT AND SEE, or STAY AWAY? Let’s analyze the stock with the relevant sections of our CHEAT SHEET investing framework:
T = Trends for a Stock’s Movement
JPMorgan Chase is a financial holding company that provides various financial services worldwide. The company is engaged in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, asset management, and private equity. Financial services companies like JPMorgan Chase are essential for well-functioning economies around the world.
Julian Knott, an executive director of JPMorgan Chase’s global technology network, fatally shot his wife before committing suicide, police said. The bodies of Knott, 45, and his wife Alita, 47, were found July 6 in their home in Jefferson Township, New Jersey, police said in a July 8 statement. He shot her repeatedly, then took his life with the same gun, police said. Knott started at JPMorgan in 2006 as a network operations manager in London and rose to executive director of the technology network over eight years, according to his LinkedIn profile. He met Alita in the UK, and they moved to Ohio and then New Jersey as Knott gained responsibility, the Star-Ledger reported, citing a biography from her job as a Coldwell Banker sales associate. Knott was promoted in January to executive director at JPMorgan’s Global Network Operations Center in Whippany, New Jersey.
Patricia Wexler, a spokeswoman for the New York-based bank, declined to comment. He was “calm, intelligent, friendly, hardworking,” said Steve Dunk, a vice president at JPMorgan. “Julian’s and Alita’s deaths were a tragic, incomprehensible event and they leave behind many, many grieving friends.” The Knotts are survived by three children, according to the Star-Ledger. Alita shared photographs and video on her public Facebook page of the family on a snowboarding trip, dog-sledding in Colorado and driving off-road in a Hummer in North Carolina.