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🔔Mid Day Trading Update🔔
📅Monday 23/5/2022📅
🟢Bullish Activity🟢
$JPM
Shares are moving higher this morning after the banking giant lifted its forecast for net interest income and affirmed its profitability target at the company’s investor conference earlier this morning. The company said that it now expects 2022 net interest income, excluding market business, to reach $56.0B, versus a prior expectation for net interest income to be a couple billion more than $53.0B. Shares hit a six-month low of $115.02 during Friday’s trading session. The May 27th 122.00 call being the highest volume contract.
$VMW
Also to the upside this morning after Reuters reported on Sunday that chip maker $AVGO is in talks to buy the company. Reuters added that the financial terms of the potential deal were not clear and there is no guarantee that a deal of any kind will be reached. The June 17th 115.00 call being the highest volume contract.
New 52-week highs: ( $CVE + $0.45 to $21.81), ( $MPC + $1
