JPMorgan Kicks Off Q3 Bank Earnings October 13 Amid Elevated Implied Moves
What happened
JPMorgan Chase and Goldman Sachs open the third-quarter earnings season on October 13, according to Benzinga. The outlet lists big banks among 10 names carrying above-average implied moves into their reports. JPMorgan shares closed at $332.99, up 0.65%, ahead of Tuesday's release. Bank of America, Morgan Stanley, Wells Fargo and BlackRock report later in the week.
The QL Read
QuantLogix scores JPM a composite 54/100 (Neutral) into the print. With VIX at 14.84 and the XLF financials ETF up 0.92% today, the calm tape contrasts Benzinga's elevated implied-move flag; breadth at 53.2% advancing leaves the neutral read with little directional pressure.
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