JPMorgan, Bank of America, Wells Fargo Trade Above 50-Day Averages

JPMorgan Chase closed at $359.79 on Monday, up from $356.30 on Aug. 6 and nearly 20% above its 50-day moving average of $333.57. Bank of America ended at $63.86, also above its 50-day average of $58.62, while Wells Fargo finished at $87.52 versus a 50-day average of $84.36. JPMorgan’s relative strength has been the clearest, but the broader tape shows investors still paying up for the sector’s earnings power.

The technical picture is firm across the group. JPMorgan’s RSI reading of 66 suggests momentum remains strong without being deeply overextended, while Bank of America’s RSI of 69.1 and Wells Fargo’s 51.1 show a more mixed but still constructive setup. On JPMorgan’s chart, the stock is hovering near the upper end of its Bollinger Band range, while Bank of America sits just below its own upper band, underscoring how much of the recent demand has already been absorbed.

Fundamentally, the banks are still benefiting from the combination of healthier trading activity, resilient consumer credit and management teams that have kept capital ratios tight enough to support shareholder returns. Recent 10-Q filings from JPMorgan, Bank of America and Wells Fargo all emphasized capital management and liquidity planning, a reminder that the sector’s current bid is tied as much to balance-sheet strength as to earnings momentum.

That backdrop is helping financial stocks outperform even as broader market gauges flash enthusiasm. Adalytica’s S&P 500 trade signals show “Extreme Greed,” while the US dollar also reads “Extreme Greed,” a combination that often favors large banks with strong deposit franchises and access to capital markets.

For investors, the near-term question is whether the rally can keep going without a fresh catalyst such as another strong earnings season, clearer Fed guidance or a pickup in deal activity. For now, the market is telling a simple story: the largest US lenders still look like one of the cleaner ways to own economic resilience.