JPMorgan Chase & Co. (JPM) Is Moving Up: Here’s What You Need To Know

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Bu the stock may be up today as much as it is on news that Berkshire Hathaway Inc. (NYSE:BRK.A) CEO and investing guru Warren Buffett has weighed in on the looming proxy vote issue, clearly offering his support for Dimon to stay in both roles. According to The Wall Street Journal, JPMorgan isn’t in Berkshire’s portfolio, but is in Buffett’s private portfolio. Thank you, St. Warren.

But despite Buffett’s welcome, don’t expect too much out of JPMorgan Chase & Co. (NYSE:JPM) as an investment for the next few weeks, until investors have the chance to see where at least some of this is shaking out. And as always, Fools, remember that you’re in this for the long term.

Check in on your stocks once a month, or even once a quarter, and leave the short-term thinking for the day traders. Your portfolio will thank you, and so will your blood pressure.

The article Why JPMorgan Is Up Nicely Today originally appeared on Fool.com.

Fool contributor John Grgurich owns shares of Citigroup Inc. (NYSE:C) and JPMorgan Chase & Co. (NYSE:JPM). Follow John’s dispatches from the bleeding heart of capitalism on Twitter @TMFGrgurich. The Motley Fool recommends Berkshire Hathaway Inc. (NYSE:BRK.A) and Wells Fargo & Company (NYSE:WFC). The Motley Fool owns shares of Bank of America Corp (NYSE:BAC), Berkshire Hathaway Inc. (NYSE:BRK.A), Citigroup Inc. (NYSE:C), JPMorgan Chase, and Wells Fargo & Company (NYSE:WFC).

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