JPM and other bank stocks took a hit on Wednesday when Jay Powell of the Fed noted that rates may be near zero for a long time, and other fed bankers leaked some sympathy for a negative rate path (which would ruin bank margins).Shares of JPM could be marking the boundaries of a near-term range in the $100 area.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.