JP Morgan's Dimon Sees Improving Housing Trends (JPM)

Apr 13, 2012 (SmarTrend(R) News Watch via COMTEX) -- 4-13-12-During a call with reporters, JP Morgan (NYSE:JPM) CEO Jamie Dimon said housing "is getting very close to the bottom." He added that JP Morgan was "very conservatively reserved" and doesn't see material reserves takedown in the future.

He added that JP Morgan was gaining market share in cards.

Braunstein said on its conference call that the bank was seeing more demand for mid-market loans and non-performing loans on "very positive trend." Shares of JP Morgan are trading about 0.4% lower in premarket trading.

JPMorgan Chase & Co. provides global financial services and retail banking. The Company provides services such as investment banking, treasury and securities services, asset management, private banking, card member services, commercial banking, and home finance. JP Morgan Chase serves business enterprises, institutions, and individuals.

SmarTrend is bullish on shares of JPMorgan Chase and our subscribers were alerted to buy on December 02, 2011 at $32.04. The stock has risen 40% since the alert was issued.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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