JPM
JPMorgan Chase & Co.
stock NYSE

Current Holdings:
**Retirement account:**

Growth: QQQM SCHG
Dividend Growth: SCHD DGRO FDVV
Income: FSCO JEPI JEPQ RNP RQI UTG
International Income: IDVO LVHI
**Taxable account:**
Because we are recently retired early, the portfolio is in the process of migrating from Dividend Growth to Dividend Income.
Growth: GOOGL AMZN AAPL NVDA V
Dividend Growth: HD LOW PEP PG CVX AMP BX FITB JPM PRU STT AMGN JNJ CAT CMI LMT UNP AVGO MSFT QCOM EGP ATO CPK ES EVRG NEE WEC
Dividend Income: VZ BKE EPD HESM MPLX AB AFG O VICI EOI EOS GPIX GPIQ QQQH QQQI SPYH SPYI

It never ceases to amaze me how everybody believes everything they're told by the financial press or see in the alt.media. --You have *no way* of verifying *any* claim you see. I.e , did JPM *really* buy a bunch of silver, or are they just tugging your dick?

After SVB I put together a watchlist of banks after some mentions from other redditors. Others included the big ones (JPM, GS, MS, BAC, WFC, SCHB, C, TBBK) bank that were clearly unstable (WAL, UBS, DB, BANC) and some smaller ones that may/may not have been having issues (ALLY, MCB, CMA, ZION, HBAN).

I read that the CME Group raised margin requirements TODAY for COMEX 5000 silver futures (from 15% to 18%) - but here's the thing - they did it AFTER the close of business today, FRIDAY, Feb 6.

What does that do to the market over the weekend?

Is this more JPM manipulation? Did silver not drop enough for these goons?

They did this on Feb 2 after Jan 30 Friday Falls (my own term, don't know what people are calling it) didn't cause enough damage for them to make enough money on it for all the billionaires out there with money to gamble with.

I'm not happy bc I had intended to sell some silver coins right before the "Friday Falls" last week but got busy at the end of the week and didn't feel rushed because things were only going up, up and up. I figured I had a couple of days and would get it all together over the weekend and then take care of selling it on Monday.

Well, that didn't work out the way I intended.

I think it's terrible that the silver market can be manipulated by these big institutions. To me this lowering margins 3 times in one week looks no different than what the Hunt brothers did. Except that this happens to be legal because JPM can afford to ~~bribe~~ donate truck loads of money to the reelection campaigns of the lawmakers who have the power to pass laws to protect society from these vultures.

I just wish some enterprising lawyers could sue them for market manipulation OR sue the government for allowing all this to go unchecked without protecting society from their manipulations. This is capitalism run amok! Physical silver needs its own Spot price separate from the stock market and their manipulators.

< climbing down from my soap box now >

I have JPM Chase Self-Directed account.
I hold the following American Funds Class A funds:
AMCPX, ABALX, AMRMX, CWGIX and ANCFX
All of these were initially purchased at a brokered account (and I understand now why they were pushed given the high front load commissions to brokers) I stuck with these Funds when transferring the account.
Staying with American Funds, I was considering moving some from AMCPX and AMRMX (the lowest performers) to some of my other American Fund holdings.
I attempted to use the 'exchange' trade but got an error - 233927 (TO) error - saying my transaction could not be completed.
While I'm waiting for guidance back from Chase as to why the 'exchange' transaction could not be completed I have another question now:
It appears I MAY have to sell, and then re-purchase the new Fund rather than just 'exchange' - now I realize that the purchase of the new Fund will be front loaded: so I'm thinking if I liquidate the American Fund will I better off selecting a NON-American Funds that has low or no front end load?
If I do 'exchange' will I still have front-end load fees? Whereas Selling and Buying I surely will on the new purchase? Is that correct?

Don’t listen to anyone who tells you not to focus on dividends because you’re young. I think the ETFs you have are fine. You could consider a few growth dividend stocks as well to balance growth + dividend such as MSFT, VRT, Google and JPM.
These stocks aren’t paying a ton of dividends but have the ability to grow in value and hopefully by the time you retire their growth slows down but their dividends go up but until then the overall value goes up.
Best of luck.

I broker investments for a living.  I’ve never seen investors and inventors this eager.  Were you even at JPM two weeks ago?  

I am one of the “that market is manipulated by banks who don’t have my best interests at heart” thinkers. JPM helped me become this way.
Because of this I say thank you when they crash prices and buy physical metals when its cheap.

I think the market makers spoke volumes about where they want to see the silver price set. JPM settled billions in shorts @ $75. If they wanted to drive silver substantially lower, they could have done it at that time. I get the feeling it'll bounce around in the $70s for a while. I just wish retail premiums would fall a bit, as well. I wanna see some of those old $2 to $5 over spot offers, lol.

BTC JPM 295/290p 03/20 .54
sold yesterday for 1.27

JPM is using them to dump paper and worthless shares. Their shares outstanding have increased more than the gold price. Companies fail all the time. Look at Enron. The execs still got paid for years. They don’t lose. The foolish people holding the ETF will lose. Read their own prospectus. They mention this possibility as a risk

Well, don't blame yourself too much. The market killed every earnings release and dumped the stocks pretty much, or at least every stock of any significance. I took away the lesson if the market dumps JPM or GS, then step back. Thus I did not play any earnings this time around. Only a few had a market positive response that did not hold.
But today does look great right now, or at least pretty good. The VIX is back near 19 and needs to hold this level or fade lower. AMD and NVDA are responding very well today. Seeing AMD back over 200 is a big deal I had 202ish as low support which is broke below handily and has now recovered sharply from. The 5DMA broke below the 20DMA on this dip and still remains way up at 217.22. So that is the first upside target to capture. The 5DMA is in a sharp downslope now so will continue to fall for several more days. I expect it to be closer to the 210 level in a day or two.
NVDA is also recovering strongly today which REALLY means a lot to me personally.
MU is just beginning to get some traction and I will point out that memory is the gating factor to all of this additional CAPEX spend noted by Google and Amazon, so I expect to see MU, Seagate and Western Digital to roar back as well.
It is good to see crypto finally get some upside today as well. Sadly, I have not seen much correlation between crypto and the stock market, so do not consider it highly.
The SMH is up over 4% right now, so that is good news.
The SPX is at 6887 right now and that is great to see as well. I would like to see the QQQ much higher as it is just up 1.17% right now while the SPY is up 1.28%. Both could move higher if I just had a vote,...
Have a good day, and I do see the VIX has now broken below 19 to 18.66 and I really want to see it closer to 17.00. I might as well ask for the moon.

JPM WUT happen?
Why shoot up then no move? I sold...you need to come down again so I can "invest" in you again.
Come come....show me some movement.

Hi all, I'm a young (21) new investor. I have been learning about investing for some time now, saving money and waiting to gain enough knowledge of some concepts before creating a portfolio mindlessly and just burning my money. About a year ago (early 2025) I started investing and after some tweaks I would like to hear your opinions about it and changes I want to make or add. I will only explain my thesis on the top 3 stocks to not make this post too long as the portfolio is based around them and the rest are just defensive/hedge. Heres the portfolio:

GOOGL(17.16%)- One of my first ever investments, the one company I most believe in. Possibly the biggest and most successful moat in current times (Gemini, Youtube, Search, Cloud etc). Like I mentioned earlier I've been here for some time and by now I've made enough profits (70%+) of this that I've decided to trim it a bit (was 1/4 of my portfolio) and with those profits I bought some of NFLX and some bonds.
AMZN(12.55%)- Less convinced on this one however I still believe AWS is a giant generating cash machine and It's been a bit undervalued for a while now for what it can offer.
NFLX(12.67%)- Regardless of whether Netflix buys WBS or not I believe its a great company which can offer great value, not by its own shows (most of them are garbage) but by its great catalogue and moat in the industry.
V(12.22%)
TA125-10.58%
JPM-8.55%
McD-7.63%
JNJ-6.32%
Bonds-12.32%
I tried not to over diversify and at the same time concentrate just enough in the shares I believe can produce good value. However I do have some thoughts/concerns:
\-I started typing this post before Amazon published their report and after seeing their massive CapEx I'm thinking of waiting for the stock to rebound and then trim a bit. While I do believe in the overall value of the company I just can't see any justification for that amount and so would like to limit my exposure.
\- I believe the whole topic of AI and companies that rely purely on it are just overvalued, yes it seems that the market has recently realized it and started pulling back but I still believe that investing in the "AI hype" can be risky and even dangerous and so I'm trying to avoid companies that rely on it. Thats why I sold some of my GOOGL shares, didn't buy on META even though its a good business overall and was fairly priced not long ago and don't trust AMAZON CapEx.
\-Perhaps I have put too much weight in Visa, I bought this a few months ago purely for its reliability and hedge
\- I bought JPM because I wanted a defensive stock to my portfolio and thought that one of the best run banks in the world can be a good addition however I admit that having both JPM and Visa can be too defensive especially considering their combined weights
\- Lastly I have a good amount in short term bonds which I deploy when I see a great opportunity (like Netflix)
I would like to learn from you guys about what mistakes I made in my thesis/allocations or what new stocks should I add etc, comment down here or DM me. Please remember I don't have much experience however I'm always willing to learn and get better.

9 Feb: 100oz contracts, cash settled only, no delivery option. This is meant to declutter the 5000oz contracts. Likely priced similarly, it’ll mean 100oz contract owners are desperate to hedge using such an un-beneficial instrument.
16-20 Feb (or longer): More clarity on US project vault and price floor. Gov will likely price their floor close to the 100oz & 5000oz contracts. Above spot = desperate to win bidding war with China for actual physical silver. Below spot = will focus on ‘forcing’ Peru & Mexico to play ball. Go search who owns the mines in these countries. Also, to buy CME some time.
23-27 Feb: D-day (Dooms or Delivery, take your pick)
COMEX to raise hikes again no matter what as long as open interest for delivery cannot be met by their eligible inventory. Price will fall to extreme levels. Physical dealers will ditch CME price as no physical silver can be delivered. JPM will not use their vaults to fulfil CME as they know what it’s worth.
Q2 to Q3: 5000oz contracts will be discontinued, 100oz will take over. Soon delivery options will be available to reset its credibility. Price for 100oz will slowly rise to meet Shanghai prices until inventory = open contracts = Shanghai.
There’s a lot more behind this but these key points will be enough to plan your next moves.

MAJOR NEWS:
* ANOTHER ROUND US-IRAN TALKS TO TAKE PLACE IN COMING DAYS: AXIOS
* VIX down 8% this morning as Bitcoin bounces from 60k to remove some of the recent cross asset volatility across risk assets.
* Slight stabilisation in precious metals too as Gold bounces 3%.
* India said it is not selling U.S. Treasuries, pushing back on market chatter. RBI governor said recent changes reflect normal reserve fluctuations as the central bank supported the rupee, not a reduction in Treasury holdings.
MAG7:
* AMZN HAS FILED FOR MIXED SHELF OFFERING; SIZE NOT DISCLOSED
* Earnings were actually solid, AWS growth which is the main benchmark for AMZN came in ahead of expectations at 24% vs 21% consensus.
* But their CAPEX guide was WAY ahead of consensus at $200B which is the reason for their morning decline.
* CEO: "This is an extraordinarily unusual opportunity to forever change the size of AWS and Amazon as a whole...we are going to invest aggressively here to be the leaders...”
* AMZN - Goldman lowers PT to 280 from 300.
1. With a FY26 capex guide of approximately $200 billion and Q1 GAAP operating income guidance lower than prior expectations, AMZN laid out a strategy that places the company in an investment cycle across both cloud computing and e-commerce.
2. AWS re-accelerated growth and highlighted tailwinds from both AI and non-AI workloads.
3. Demand trends across commerce and advertising segments continued to demonstrate consistent compounded growth versus the prior period.
4. AWS operating margins of 35% were better than our modeling and continue to outpace headwinds from rising depreciation expenses.
5. GAAP operating income in Q4 2025 and the Q1 2026 guide included one-timer impacts, which result in adjustments versus headline reported numbers (link).
OTHER COMPANIES:
* HUBG - found an accounting error that understated purchased transportation costs and accounts payable by about $77M over the first nine months of 2025, forcing a restatement of 1Q–3Q25 results and delaying audited earnings.
* STLA - said it will take about €22B in charges as it resets its strategy after overestimating EV demand. The company expects a 2H25 net loss of up to €21B and a low single-digit operating margin, including €1.6B in tariff costs. RDDT - Needham reiterates at buy, PT 300. "Reddit is our top pick for 2026, based on: strategic position with 100% human-created content, which becomes more differentiated and valuable as large language model bots multiply; execution excellence, with more than 60% revenue growth for the past six quarters, ad revenues up 75% in 4Q25, optionality upside from large language model licensing revenues and rapid margin expansion; and the difficulty of replicating a human community like RDDT today, which creates a deep moat."
* VST - Goldman upgrades to Buy from neutral, raise PT to 205 from 200. we remain constructive on the fundamentals of the existing business, with current volume hedging levels, retail operations, and capacity revenues lowering volatility of the business. Our revised price target of $205 for VST implies 45% upside." DOCS - JPM upgrades to natural from underweight, lowers PT to 40 from 62. Despite an incrementally worse external environment, DOCS anticipates exiting 2026E calendar year as a double-digit grower (2x the market growth rate). However, management emphasized that this 1.5–2x premium to market growth is not expected to be linear and may not hold for every period. Updated guidance for 4QF26 fell below Street expectations, reflecting both lower revenue expectations and higher AI infrastructure investment as usage ramps."
* JMIA - Cantor Fitzgerald initiates coverage with Overweight rating, PT 18. "We are initiating coverage of JMIA with an Overweight rating and an $18 price target. Investing in JMIA is a venture capital-style, high-risk/high-reward opportunity in the public markets. Africa is the final frontier for e-commerce, with penetration currently less than one-fifth of many advanced markets.
* SNOW - Jefferies reiterates Buy on SNOW, PT 300, says its deeply misplaced, calls it their top pick.
OTHER NEWS:
* China’s central bank has tightened crypto rules, banning domestic and controlled overseas entities from issuing virtual currencies without approval. Authorities reaffirm that crypto is not legal tender and label related business activities as illegal.

The recent wave of price target revisions for Amazon (AMZN) from Goldman Sachs, JPM, Deutsche Bank, and Morgan Stanley offers a valuable case study in how institutional valuation models are recalibrating to the current macro environment.
​Rather than viewing these as simple "downgrades," it is more constructive to analyze them as lagging indicators of structural shifts that the data has been signaling for some time.
​Key Points for Macro Research:
-​The Lagging Nature of PT Revisions: These institutional adjustments often follow macro data trends rather than leading them. Analysts are currently aligning their models with the higher cost of capital environment that was signaled by labor and liquidity data weeks ago.
-​Pressure on Consumer Discretionary: The downward revisions (e.g., JPM cutting to $265 or MS to $300) reflect a fundamental repricing of the consumer discretionary sector. The focus for researchers should be on the spending floor of the lower 50% of the consumer base.
-​Valuation vs. Operational Strength: It’s important to distinguish between a company’s operational dominance and its structural valuation. These cuts are often a mathematical result of shifting discount rates and risk-free rate expectations, rather than a critique of Amazon’s logistical titan status.
​In this high-rate cycle, focusing on free cash flow resilience provides a much clearer fundamental picture than chasing short-term analyst sentiment.
​I’m curious to see how others are adjusting their valuation models in light of these bulge-bracket pivots.

Do they think the public is mindless? Was JPM able to anticipate a 40% drop in silver prices earlier because they knew their own team would do that?

Well I thought MSFT at $400, ADP at $230, and JPM at $300 would be boring also yet here we are. SMCI at $20 USA steal but you are correct that $25 would probably be the better trade.

Bian Ximing probably is on the JPM payroll.