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This morning, JPMorgan (#JPM) reported a Q2 earnings beat! America's largest bank announced Q2 GAAP EPS of $3.78 beats by $0.60 and revenue of $30.5B (-7.9% Y/Y). Regardless, investors did not appear impressed because shares traded down and closed at $155.65 (-1.49%). Does this present investors with a buy opportunity?
Not only did the company beat earnings, but #JPMorgan announced late last month that they're raising its quarterly dividend to $1, up from $0.90.Still, shares are only up from the $153 that they were at when the bank announced the news.With little movement in the stock over the past few weeks, good earnings, and big dividend news, is now a buying opportunity?