☕ JPM proves why it’s still the best bank stock in the business

Good morning from 30,000 feet! 👋  

I’ll be in Italy for a few days speaking with investors and taking some time with my bride who’s never been there before. More to follow on that note later this week… 

Meanwhile and while I have a connection, JPMorgan reported Q4 earnings, beating both EPS and revenue expectations. (Read) 

• Reported revenue was $42.8 billion, +10.8% YoY   
• Managed revenue was $43.7 billion, +9.5% YoY  
• Net income was $14 billion, +50.5% YoY 

As noted Monday during my conversation with the super-savvy Stuart Varney, I expected strong results and, as is happening now, for the results to help put a floor under all the selling. (Watch)

I have no idea if that’ll stick but the mindset is what matters most now. 

Think about this for a moment. 

Team Dimon just reported the “biggest-ever annual profit” according to Reuters. 

Totally reinforces my contention that the single most important thing you can do as an investor or trader is to stay focused on the best, ignore the rest! 

You got this – I promise. 

As always, MAKE it a great day, 

Keith 😃