JMP Group (NYSE:JMP) stock is soaring higher on Friday after releasing its earnings report for the fourth quarter of 2020 after-hours yesterday.
The most recent earnings report has JMP Group bringing in earnings $0.45 per share of on revenue of $53.62 million. Both of these are strong increases over the company’s EPS and revenue of 1 cent and $23.82 million from the same time last year.
Those positive results for the quarter are easily enough to explain why JPM stock is on the rise today. However, there’s more investors should note. It looks like the company is the target of investors looking to pump and dump it on the news. Talk on social media seems to back this idea up.
As a trader you have to understand the power of a catalyst. $JMP had killer earnings.
finance.yahoo.com/ne...arter-211500066.html
The most recent earnings report has JMP Group bringing in earnings $0.45 per share of on revenue of $53.62 million. Both of these are strong increases over the company’s EPS and revenue of 1 cent and $23.82 million from the same time last year.
Those positive results for the quarter are easily enough to explain why JPM stock is on the rise today. However, there’s more investors should note. It looks like the company is the target of investors looking to pump and dump it on the news. Talk on social media seems to back this idea up.
As a trader you have to understand the power of a catalyst. $JMP had killer earnings.
finance.yahoo.com/ne...arter-211500066.html