JPMorgan Chase & Co. (JPM): Where’s It Headed?

So on top of today’s bull market, I’m once again positing that savvy investors are realizing the good thing they have in Jamie Dimon, are putting the recent spate of lawsuits and regulatory actions into perspective, and are rallying behind what is undoubtedly a strong, well-run bank. JPMorgan Chase & Co. (NYSE:JPM) probably shouldn’t have broken $50 today, but thanks to a bull market, and savvy investors, it did.

Of course, the stock market is fickle thing: one day up and the next day down, usually for no apparent reason. As such, here at The Motley Fool, we emphasize keeping an eye on the long term. Focus on the fundamentals of the companies you’re invested in, and check on your stocks once a month, or even once a quarter. Leave the obsessive ticker checking to the day traders: Your portfolio will thank you, even if your broker won’t.

The article JPMorgan Shouldn’t Have Broken $50 Today originally appeared on Fool.com and is written by John Grgurich.

Fool contributor John Grgurich owns shares of Citigroup and JPMorgan Chase. Follow John’s dispatches from not-so-muddy trenches of high-finance and big-banking on Twitter @TMFGrgurich. The Motley Fool recommends Wells Fargo. The Motley Fool owns shares of Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo.

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