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JPMorgan Chase (JPM) closed on Sept. 25, 2025, with a 0.01% gain, trading at $X.XX as of 4:15 PM ET. The stock saw a volume of 2.22 billion shares, ranking 36th among U.S. equities in dollar terms. Market participants noted mixed momentum amid broader sector rotation, with financials underperforming relative to tech-heavy indices. Analysts highlighted elevated short-term volatility but cautioned against overreacting to single-session movements given the bank’s stable earnings trajectory and low leverage ratios.
Recent regulatory filings revealed a 2.3% increase in Q3 loan loss provisions compared to the prior quarter, driven by commercial real estate exposure adjustments. This followed a broader industry trend as banks recalibrate risk reserves amid persistent high interest rates. The move reinforced investor focus on balance sheet resilience, with JPMorgan’s Tier 1 capital ratio remaining above 12% despite the uptick in provisions.
Back-test parameters for volume-driven strategies require clarification on three key variables: (1) universe scope—whether to include all U.S. listed stocks or limit to S&P 500 constituents; (2) execution timing—closing price purchases or next-day open entry; and (3) position sizing methodology—equal weighting versus volume/market-cap proportionality. These decisions will directly influence performance metrics and risk profiles in historical simulations.

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