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J.P Morgan's competitors will not affect the stock increase: Expert



A big bank is unlike the other.

Tatro said the" greatest thing "about JP Morgan's report was the growth in net interest income, up 8%, and the 2.5% increase in its net interest margin. The same result indicates strong confidence in consumers, he explained.

"In the meantime," Wells Fargo evidently did not get the income, and the only reason was the cost-cutting, "Tatro said. "And the tape tells you today that investors are clearly not convinced."

So, while Tatro was not quite bearish at Wells Fargo's prospects, calling it "fine from a dividend perspective," he was a clear winner in mind. "

" If you want to hold the financials across the board, I think they will be good dividend plays and the same names, "he said." But the winner, in our opinion, is clearly JP Morgan, and I can not see anyone else pressing on them, next week's earnings. "

Craig Johnson, managing director and senior technical analyst at Piper Jaffray, had a slight

While other major space players, including Goldman Sachs and Citigroup, extend what technicians call "very interesting opening points" that can serve as launch pads for their stocks, specifically to stand on

"We need to see the breaks of that, start to reverse some of the downtrends and also move above some of the average rejections moving them for a more sustainable move, "he says, following the Morgan Stanley chart.

"When I look at it, we've done the downtrend down," Johnson, running technical research group Piper Jaffray, said in the same "Trading Nation" interview [19659003]

" We're starting to see that this stock is placed at some very low levels, some lower lows, lower ones on here, and it's really beginning to reverse the downtrend, "he said. "For me, Morgan Stanley is the most fascinating name of those names to report next week, so … that's what we will focus on today."

Morgan Stanley shares gained more than 4 percent in the trading session of Friday. The company is expected to report revenue on April 17.

Disclosure: Joule Financial has positions in J.P. Morgan and Wells Fargo. Piper Jaffray produces a security market of, and purchases and sells Citigroup's securities on a primary basis.


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