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J.P Morgan's competitors will not be able to come up with soaring stock: Experts



There is not one big bank like the other

9659003] "JP Morgan has set an incredible tone," said Quint Tatro, managing director of Joule Financial, on Friday. "I think we're going to see that from more of the consumer-focused banks, but I don't think they will reach almost the levels made by JP Morgan."

Speaking on "Trade Nation," said NCBC, Tatro said that the "main thing" under the JP Morgan report was that its net interest income grew by 8%, and the 2.5% lift was an interest margin. Both results indicate strong consumer confidence, he explained.

Meanwhile, "Wells Fargo obviously lost income, and the only reason for profits was to cut costs," Tatro said. "And the tape is telling you today that investors were not sure."

So while Tatro did not fully expect Wells Fargo's expectations, he wanted "fine from a dividend point of view," he clearly remembered.

"If you want to hold the financial people around the world, I think they will have dividend plays and consistent names," he said. "But the winner is, we think, JP Morgan, and I don't see anyone else in contact with them, in the earnings of next week."

Craig Johnson, managing director and senior technical research analyst at Piper Jaffray,

While other major players of space, including Goldman Sachs and Citigroup, are finding what the technician gave "inflected points" very interesting "could be launching pads for his stock, someone stood especially out.

"We need to see those people in breach of that work, start to reverse some of those barriers and move over some of the growing average movements so that this will be more sustainable. "he says, turning next to Morgan Stanley's chart.

"When I look at this, we have already done the ineffective reversal," Johnson, who runs a technical research group Piper Jaffray, said the same "Interview" Trading Nation ". [19659003] [19659003] "We are starting to see that there are very low levels, some of the lower places, very high associated with this stock here, and it's really starting to reverse," he said. I think Morgan Stanley is the most attractive name for those names that will be reporting next week, so that's the one we would be targeting now. "

Morgan Stanley Shares more than 4 percent were received in Friday's trading session.The company is expected to report earnings on April 17

Exposure: Joule Financial has jobs in JP Morgan and Wells Fargo Piper Jaffray market in security , and purchases and d sells Citigroup securities on a primary basis.


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