JPM

ninkorn

FRC spending shit load of money advisers from Lazard, McKinsey, JPM, etc I hope they are spending shit load on lobbying too and pressure Yellen gal

Hot-Performancy

JPM chase

NervousPervis

No one wants to hold bank stocks right now. Broad sector concerns related to long term profitability. I mean JPow said yesterday that continued rate hikes may not be needed due to the lack of lending that will result from the banking crisis. It’s a credit crunch. That’s not good news for the banks. I see it as a buying opportunity for BAC and JPM if you want something to hold long term. Just accept that it might dip lower in the short term.

M_Scaevola

Burry’s chart makes me think it’s BAC. Unless C and JPM have abnormally high CET1, neither have suffered as much on duration risk

VisualMod

>MOST VULNERABLE' U.S. BANKS LOST $1 TRILLION IN DEPOSITS IN A YEAR: JPM ^FXHedge ^[@Fxhedgers](http://twitter.com/Fxhedgers) ^at ^2023-03-23 ^12:48:41 ^EDT-0400

FTRFNK

Killing the people trying to help you has nothing to do with being strong. In fact, it's being incredibly weak by not standing beside those who supported you. If you want to be strong you should put your money back into the banks that are supporting you otherwise you're on a one way path to insolvency and massive layoffs when you find JPM doesn't like your risk profile. I criticize because I see incredibly fragile and weak people who say shit like you did above acting like they've done something noble. No. All you did was kick the can down the road and sealed the fate of yourself, your company, and all your employees. Lending is only going to get MUCH, MUCH, tighter now. So unless you're running a profit then you'll see the writing on the wall sooner rather than later. You did nothing noble. You only acted out of avarice and fear. You had no idea the problems and now that the dust has settl3e and its shown all these banks had fine books, just locked into long term treasuries (the safest investment on earth) you forced them to take loses that crumbled the entire thing. Without that, they would have been fine. Then the aftershocks you all decided to keep killing the other ones that were I'm better positions instead of sobering up.

IndependentOwn7041

There are a few that are offering it - just taking a lot of wrangling to get there. Typically a Chase won't offer you the services you need through their standard business banking branch (which is where a company of our size should reside), you need to be with their proper JPM set up, which they typically wouldn't offer to anyone but the big boys - of course a minnow like us isn't worth their time. I've been surprised to get some traction in the last week or so, but the difference with SVB was it was all on the table out the gate. Apparently 'they just get the startup model', which probably now should read 'they had shit risk management'. Hope that answers your question.

putsRnotDaWae

I know I sound like a broken record but TINA drove 2021 and it's still driving it now. If you do the math, SGOV on real after-tax basis including only Jan and Feb inflation is actually **negative**. The market expects Fed to prioritize stability over inflation push comes to shove. https://finance.yahoo.com/video/fed-decision-financial-stability-more-190424439.html This isn't just JPM either. Many influential economists have said the same thing.

quarkral

I picked JPM because I read news articles about them leading the FRC rescue effort.

Brawmethius

I think BTC/ETH/BNB moves are more likely indicators of the flight out of auxiliary crypto spaces than it is bullishness on future price. IMO no different from the flight of depositors from regional banks to big ones. If doubletitty coin is SVB then BTC is JPM.

ethanhopps

It was literally created by JPM and friends

Pizza_n_Tendies

NFLX discover they had JPM's missing nickel in their stack of DVDs? Lol

IAmANoodle

The SVB downfall started with the 20bn of tbills on their balance sheet on 300bn of customer deposits. Most banks have a similar level of exposure specifically to mortgages. Stating it was a “large portion” was a bit of an exaggeration. But large banks do have similar exposure as a % of customer deposits (vs svb & 10yr notes). And regional banks can have even more exposure. Bank of America, 300bn intermediate to long term outstanding debt on residential/commercial real estate. About 50/50 5-15yr and 15yr+ (Page 121). On about $2tn of customer deposits pg 79. https://d1io3yog0oux5.cloudfront.net/_e0e7f051653c60eff726f252f2ef48b6/bankofamerica/db/867/9840/annual_report/BAC_AR22_final_030523+%281%29.pdf Wells Fargo. $230bn of 5-30 yr RE debt on 1.3tn of deposits. Page 36. https://www08.wellsfargomedia.com/assets/pdf/about/investor-relations/annual-reports/2022-annual-report.pdf JPM/Chase, $250bn of 5-30 yr RE debt on $2.2tn deposits. page 136, 2022 FS not avail yet so this is 2021). https://www.jpmorganchase.com/content/dam/jpmc/jpmorgan-chase-and-co/investor-relations/documents/annualreport-2021.pdf First Republic, $100bn of 15+yr single family mortgages on $175bn of customer deposits. Page102. https://ir.firstrepublic.com/static-files/89a1df66-7e28-4491-86aa-a331900db222 One of those stands out, it’s also reflected in the news/stock price. What I was trying to get at was…a 30 year fixed loan at 2.75% is probably down 30% or more from the high 1-2 years ago. If there are banks that have heavy exposure like FRB, they could be in trouble.

nikodamn

Depends which ones tbh... For example JPM is slightly overvalued, but e.g. BAC has very nice P/B price now. After this whole panic around mid-banks the Q1 reports for the big banks are gonna be super interesting.

AcanthocephalaNo7788

Citibank for sure, JPM is on the threshold , who borrowed the most out of the 4?

quarkral

Are there? For example JPM was even lower than now, last September.

SeemoarAlpha

Beggars can't be choosers, they already got floated $30 billion from JPM and others. When facing extinction, convertible preferred doesn't look so bad.

CranberryReign

It's saying JPM & Friends appear poised to finalize a capital raise via special preferreds with yield and warrants convertible to common. Holders of common will be flooded out during recovery as JPM & Friends take control. Holders of current preferred series will survive to participate in upside as FRC recovers.

phenotic

It’s like that time JPM thought they owned $1.3 million in nickel but it turned out they were just bagholding some pebbles.

GymRaynor

I feel like JPM Will keep the price suppressed as long as possible. China/Russia have been stock piling and the last thing the US wants is for them to become insanely wealthy

dirtydela

Truly don’t understand the thirst for big banks like BoA or WF or JPM to go down. If that happens it’s not just banks that are fucked. The rich will still be rich and you will be fighting your neighbor over cans of cat food. And it won’t be for your cat.

throwaway_tendies

Lol you’re dreaming kid. JPM is probably the most sound bank out of all the major banks, while Schwab is the third biggest brokerage firm out there.

InvestmentActuary

I really hope they collapse. Same for JPM

ruthless_anon

JPM lets fucking go

ImRayShoesmithsSmile

JPM led them to slaughter lmaoo

Balthazar130

Noted, thanks. Did JPM tell you what the acceptance level was at this stage, by any chance? Not sure they're allowed to disclose, but wondering. Do let us know how things go, I'm interested in seeing how this situation develops. Thanks and best of luck

Spiritual_Extreme_81

Folksy The idea is to have a short bias Into Friday and start taking profit on bull tears while scaling into call for end of month window dressing Not going higher than 4060 because JPM is SHORT 45,000 4060 Spx calls March 31

Steve_Mellow

Buy OXMU, they rent office space to JPM.

ReddittAppIsTerrible

Mine is GS. you think WF is in a better position than Boa, JPM, etc???

Fantastic_Door_4300

Nvida is building the future. JPM just takes people's money. Martin shkreli did a video evaluation profile on them and broke it down. Basically it's 4x what it holds

someonesaymoney

Talking to an NVDA shareholder about egregious valuations is next level but I get your point lol. Clearly I haven't looked too much into the actual fundamentals, but why wouldn't they, or other bigger banks, stand to benefit if seen as a safety net from the panic with regionals? I know JPM wouldn't bother with small mom/pop accounts, but still.

someonesaymoney

I usually don't understand banks, but have tried to scalp JPM long twice these past couple of days based on price action in this banking mess. I have not done well. I don't get why it continues to show weakness.

VanguardDeezNuts

Bad day to have gone long JPM.

SeemoarAlpha

That's incorrect, investment banks, sometimes referred to as money center banks, i.e. JPM, Citi, Wells, BoA, etc., are in better shape. Credit Suisse was an exception, it was an investment bank, a poorly managed one, but the contagion spread from its failure looks to be contained through the shotgun wedding with UBS. SVB and First Republic weren't investment banks. Consumer banks are now backstopped with the BFTB and expanded FDIC promises, and in the case of systemically important consumer banks, apparently Auntie Janet will work something out. That won't protect consumer banks from failure if there is a run, but is won't cause their customers problems with paying their bills.

pf30146788e

Which is why it should just let FRC burn already. Stop edging JPM. Let it die. You’re a fortress, no?

RagsToRaja

JPM is a fortress made of stone.

Audio_Adam

JPM

DDanny808

Isn’t JPM pissed because most of their deposits are UNinsured and Jamie is screwed if their clients start a bank run?

TradeSpY420

JPM the next bank to collapse.

ReposadoAmiGusto

JPM!!

ReposadoAmiGusto

JPM!!

BastardSamuri

JPM shares on sale. Just sayin…

Vegan_Honk

Goldman and JPM. Those motherfuckers have been calling for a pivot for a goddamn year now. 

Theinsulated

So what happens to shareholders when FRC collapses and gets sold to JPM at pennies on the dollar during some midnight back alley deal

Lando_Ferngully

Even JPM getting smoked

VisualMod

>JPMORGAN JPM.N CEO DIMON SCHEDULED TO MEET WITH BRAINARD, HEAD OF BIDEN'S ECONOMIC COUNCIL, DURING PRE-PLANNED TRIP TO DC - SOURCE ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2023-03-22 ^15:05:16 ^EDT-0400

0pimo

My favorite is that a standard savings account at JPM is still paying 0.01% interest.

Jackz2587

Where do you guys see the banks next month, especially the big boys like JPM

g8rman94

The next bomb is Epstein’s JPM banking records

LordFaquaad

Former bank auditor here. What OP might be talking about is unrealized losses sitting in thr fixed income portfolio. Since banks have fixed income e.g. bonds, the rates on these securities are lower than the current market rate as these securities were issued during low interest rate environments. There's obviously a variable portion of the interest rate tied to a benchmark e.g. LIBOR, EIBOR, CFOR but it's not comparable to thr current interest rate environment. If there's a loss of confidence in the bank, people will withdraw their deposits / investment portfolio. Obviously the banks (not SVB but bigger banks e.g. JPM) do stress tests (CCAR), liquidity / capital sensitivity tests to ensure that they have enough liquid assets to pay people pulling money out. However, in the adverse scenario that more people / institutions pull out money that anticipated, the bank will have to sell their fixed income portfolio (the ones with lower interest rates) and realize the losses. This in turn will eat into their capital and investors will lose confidence thereby turning into a vicious cycle

longdrive95

Crazy how much $JPM is down the past month even though they appear to be doing everything right through the crisis and are cementing their place at the top of the banking game.

crazyyimmy

JPM saying the bubble has burst because Cathy lost 2B No motherfucker, the bubble has burst when she stops investing in speculative companies

rushhour08

LOL at JPM buying a bag of rocks

tio_aved

$JPM

lets_trade

Banks with lots of deposits (JPM) benefit from high rates and loose when inflation eats their debt value away so this comment doesn’t line up with reality

tjonesmachine93

Ya, they have a JPM MM fund but not an option to sweep into so that’s dumb

probablywrongbutmeh

>Just because profits fell from 15-ish % to 11% So....saying profit margins fell by (actually 16.4% in the S&P500 source: JPM) in 2022, is actually correct then, isnt it? Thus, you are just a raging asshole who wants everyone to know your beliefs about what corporate profits *should* be, telling people not to believe the data about what they *actually are*

No_Lime6843

I think JPM and other big boys are doing just fine. At least tens of billions opened in new accounts in the last couple weeks, providing (ie loaning) liquidity to small regional banks and credit unions, and the likely acquisition of svb-like banks that will shutter if they aren't graced by the "not a bailout" bailout.

deviprsd

AAPL the safest bank, forget JPM lol

TittyAmeritrade

JPM says there's a lack of market confidence yet major indices have been having a great time.

VanguardDeezNuts

Going long JPM. Fundamentals on PE, PB look good, Dimon dog has led well uptil now and is to stay until 2026. They are the ones well capitalised enough to be pumping billions to support other banks so cash situation seems cool.

hardyrekshin

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Complete-Relative-67

This was a mix-up. Those stones were bought to use as repayment for regular customers of banks they acquire. The rocks come with a certificate of JPM authenticity from the U.S. Worthless Rock Mint & if you act fast, for a limited time you get not one, but two! Just pay a separate shipping and handling fee... The actual nickel was taken home by the EVP for his daily Scrooge McDuck swim. With all the intrest hikes, the board made him bring back the platinum, gold & silver. Nickel is so gauche, but he'll be damned if he changes his workout routine.

Kaaarrrl

Imagine having not bought JPM  Loser bears 🤏🤏

IVCrushingUrTendies

Lol no. What’s most likely going to happen is nothing or a little up. JPM call side collet is at SPX 4065. That’s where the market will pin and sit chopping around to quarterly opex

Brave_Promise_6980

Meanwhile in the 1.5Trillion JPM traded just yesterday this loss was not noticed among all the profits made.

Kurohinomaru

Despite the current "rock-bottom" prices of the collateral, don't allow any haircuts to the loans...JPM bankers only accept par.

FragrantTadpole69

Difficult is an understatement. That's almost 1 trillion dollars moving around in a short enough period to cause a liquidity crisis that isn't guaranteed to even work depending on how JPM has hedged its deposits.

EatinTendieS

JPM is just mad they missed a bottom for next 6-12 months and want you to sell early

KarmaTheBrit

Well with an attitude like that, Jesus JPM who pissed in ya cereal.

awkrawrz

jpow enters the room, JPM branded nut shackles in view. It was then that I knew, my puts face doom

Hythlodaeus69

I thought the same thing as soon as I was literally 2 sentences into the article. Crazy how many of these replies are “look, JPM bad”

Invest0rnoob1

Bro why would you listen to JPM they screw over their actual clients. You think they would give good advice to people they don’t know for free?

Magicofthemind

Just need JPM to buy the entire bank for 50/share please

am-well

$1.3 million to JPM is literally less than a fraction of $.01 to any of us, literally they deal in trillions which is orders of magnitude (literally 1 billion of these 1.3 million)

ReposadoAmiGusto

Or maybe JPM has calls in play and just saying recession to get that squeeze

boroqcat

Wondering how long before all banks consolidate into Fed Bank with a triumvirate of JPM, CITI, and BOA as their branches.

ElephantFriendly

Maybe JPM can get nickel from a stone?

orcofmordor

Well that was what I was implying. They risked the welfare of the bank by being stupid and were left to die. I am of the belief that the circumstantial evidence points to the Fed staying the course with the other members in the sector (JPM, etc.) giving the FRCs of the sector a vote of confidence with the capital injection.

SuddenOutset

$10 says JPM buys them but keeps the branding for its SF branches.

techphilos

Why not just start a bank, take a bunch of deposits from regards, buy a fuck ton of calls then pump the underlying, then if it goes tits up we just say we are SIFI and get bailed out? 0 chance we go tits up, worst case we get bought by JPM

BSchafer

Did you even read the article? It's clickbait and basically has nothing to do with JPM. The London Metal Exchange realized it had been scammed on a nickel shipment that it had bought and was holding for clients. JPM just so happened to be the one holding the paper on it. It doesn't really even affect JPM. It was 100% LME's fault and their liability. For JPM, it's much more efficient to work with reliable 3rd parties than it is to send tens of thousands of in-house experts around the world in an effort to verify every single $1 million asset that moves through their hands. Claiming JPM employees "are not the smartest" and "break the economy" kinda proves you have no idea what you're talking about (so I wouldn't throw rocks at glass houses when it comes to intelligence). JPM has continuously shown to be one of the strongest and smartest banks in the world. During the last few crises, they were the ones that swung in and save the weaker banks. Looking through your comments, your account seems a little sus. Like you're a part of these troll farms that have been hitting this and other subreddits hard since the SVB failure. Trying to push stories and comments that add to the public's mistrust of banks in an effort to bring more chaos to the banking system. Your account is only a few weeks old. Your username is randomly generated. Your comments are filled with typos and broken English. Pretty much every one of your comments is aimed at trashing banks (many with misinformation). So you're either some dude in a foreign troll farm targeting subs like WSB in an effort to hurt bank stocks/sway public opinion or you have some serious issues you need to work through and you need to stop publically misleading people.

putsRnotDaWae

This isn't just JPM. Tons of respected and influential economists have said Fed will end up targeting higher inflation.

DreCapitano

Why not put it in another stock that has just as much upside and less risk? $WAL would be way smarter than FRC which is unlikely to even make it to JPM's conservative $62 PT at this point.

Argumentintensifies

The words of a JPM strategist are not gospel. If anything, they have an incentive to push out news that muddies the waters and obscures their real intentions.

Jrecondite

Where do I go to sell these rocks I collected to JPM? I heard they could be worth a million.

one-out-of-8-billion

For JPM just a stone drop in the ocean