CEO SuccessionThere are risks to monitor including investment risk, market risk, rotation risk, and succession risk due to the uncertainty around CEO Jamie Dimon's tenure.
Economic RisksDownside risks include recessionary risks associated with higher than expected inflation, sudden Fed rate cuts.
Stock PerformanceStock underperformance, despite the stronger results, is not totally surprising given a risk-on day for bank stocks and solid results from peers that trade at a discounted valuation relative to JPM.