Source: Benzinga Feeds
Since today was the start of earnings season, the price action instigated by reports from a few large banks was covered at the top of today’s PreMarket Prep Show . Now That’s A Big Beat In recent years, it has been reports from a trio of large banks (JPMorgan Chase, Citigroup and Wells Fargo ) that kicks off the season. Before the open, JPMorgan Chase (NYSE: JPM ) announced an EPS beat of 22 cents along with stunning revenue beat of $1.25 billion. Since the issue was deep in the green in pre-market trading, the only level that was mentioned was a potential resistance point at its all-time high at $141.10. After a modestly higher open, it had a brief retreat to $137.69 and resumed its move higher. The ensuing rally has fallen short of the aforementioned level as $140.76 stands as the high for the day with just under three hours … Full story available on Benzinga.com
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