GOptions Daily Analysis 13/04/2016 http://www.goptions.com/

JP Morgan will publish its earnings report today before market open therefore binary traders can start trading the stock just after.

Correlation tactics with all major banks could make this Wednesday the most profitable day in earnings season.

JP Morgan is one of the biggest banks in the U.S and it can influence other banks therefore the correlation.

The bank is expected to report $24 billion in revenue and EPS (earnings per share) of 1.27$.

Loans make a big portion of JP’s profit and for that to grow two things should happen: First is higher rates by the Fed, which did not rise this quarter and the second factor is lending more to consumers.

These two factors are similar to all major banks including Bank of America tomorrow and Citi on Friday.

JP stock closed yesterday at $59.33 a share and has been on a solid uptrend since the start of the week.

Upside target for the stock on a good report is $63.12 a share and the downside target is $55 a share.

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