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Options Bulls Blast 3 Bank Stocks After Earnings
CCiti(C) Schaeffers Investment Research·2025-01-15 20:45

Earnings Performance - JPMorgan Chase & Co (JPM) reported strong fourth-quarter profit and revenue, with its stock up 2.2% to 252.95,markinga50.3252.95, marking a 50.3% year-over-year increase and nearing its record high of 254.31 [1][2] - Wells Fargo & Co (WFC) saw a 7.4% increase in stock price to 76.44,itslargestsingledaygainsinceNov6,anda62.776.44, its largest single-day gain since Nov 6, and a 62.7% rise over the past 12 months [1][3] - Citigroup Inc (C) added 7.5% to trade at 78.96, achieving a 35.7% increase over the last nine months and reaching its highest level since June 2021 [1][3] Stock Performance and Trends - JPMorgan Chase & Co (JPM) is on track for its third consecutive daily win, bouncing off its 60-day moving average [2] - Wells Fargo & Co (WFC) is trading close to its all-time peak of $78.13, aiming for its third consecutive gain [3] - Citigroup Inc (C) is eyeing its best day since Nov 6, reflecting strong momentum in its stock performance [3] Options Activity - JPMorgan Chase & Co (JPM), Wells Fargo & Co (WFC), and Citigroup Inc (C) are among the top 10 stocks with the most unusual options activity, attracting four times the typical call volume [4] - The most active options contracts are the January 250 call for JPM, the 80 call for C, and the April 82.50 call for WFC, indicating significant investor interest in these stocks [4]