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Jim Cramer Shares Why JPMorgan’s (JPM) Conference Wasn’t Great

We have recently published Jim Cramer Discussed AI Circular Deals, Top Quantum Plays & These 22 Stocks. JPMorgan Chase & Co. is one of the stocks discussed by Jim Cramer.

Banking giant JPMorgan Chase & Co.’s shares are up by 27% over the past year and down by 5.3% year-to-date. Keefe, Bruyette & Woods discussed the firm on April 15th as it kept an Outperform rating on the stock and a $363 share price target. The financial firm outlined that JPMorgan Chase & Co. was experiencing solid returns on activity and delivering just as well as its peers. According to The Fly, Evercore ISI discussed the banking giant on April 20th. It raised the share price target to $340 from $320 and kept an Outperform rating on the stock. The financial firm cited JPMorgan Chase & Co.’s latest quarterly results and praised the bank’s trading performance. The bank had reported its first quarter earnings on April 14th and posted $50.5 billion in revenue and $5.94 in earnings per share to beat analyst estimates of $49.17 billion and $5.45. Cramer briefly discussed JPMorgan Chase & Co.’s earnings call:

“What it did, was give a conference call which was one giant screed. It was a screed. Disregulation is bad, disregulation is bad. I don’t like disregulation.”

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