"There are major cross currents among business segment for both JPMorgan Chase (JPM) and Morgan Stanley (MS) earnings. Consumers are in good shape and are spending, but inflation is hurting them," says Stephen Biggar. "Jamie Dimon weighed in on the consumer and consumer credit, which is positive for JPMorgan Chase (JPM). Buyback suspension is probably the reason why JPM stock was down after their earnings report was revealed," says Andrew Graham.
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