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NYSE:JPM

JP Morgan Chase & Co (JPM)

325.75
+0.53 (0.16%)
as of Jun 18, 2026, 11:46:26 pm Market Open.
308 watching
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BUY
Their numbers today were surprisingly strong. The CEO has been very downbeat about the economy, which set the bar low. They reported 10% revenue growth YOY and earnings beat. Corporate investment banking struggled, but excelled in consumer up and community banking, up 14%. Net interest income soared 51%, ex-markets. Investment banking and home lending were soft, but expected. A share buyback would've been nice. Overall, a fine report.
WATCH
He sold it a while ago and was thinking of buying it back. It will be a challenging quarter when they report Friday. But is the CEO frustrated, given his recent remarks, about earnings potential?
WATCH
Reports October 14, expects it to be quite positive. Rising interest rates are helping. Net interest margins should expand. Watch the loan growth and the macro environment and what the CEO has to say, as this will affect the bank, the sector, and the whole market more than the quarterly results alone.
BUY
Has long held this. They have several diversified revenue streams that can withstand an economic uncertainty.
BUY
Are expanding into retail banking in Germany, just announced. They can expand even as peers are not. A big fan of the CEO and his team. Owns no other banks.
PAST TOP PICK
(A Top Pick Sep 17/21, Down 22%) Hard time for banks right now with rising interest rates. Premier bank in the USA and maybe the world. Will continue to hold shares. Good long term investment. Excellent management team.
BUY
It is in the top five in investment banking. All lines of business including the credit card business are strong. Trades at 10X earnings and 1.1X book. It has a good balance sheet, continues to buy back shares, and has room to grow its dividend. Buy for the long term.
TOP PICK
Best-run US bank for a number of years. Impeccable management. Consistent growth. #1 in their businesses. Very well capitalized. Valuation of 10-11x earnings. Buying back shares and increasing dividend. Opportunity to buy a best-in-class business. Yield is 3.41%. (Analysts’ price target is $138.37)
BUY
Has traded down with all the US banks on recession fears and weaker loan growth. This is pessimistic. Wit higher interest rates by the Fed, the banks would make money on their interest spreads. Any loan growth loss would be marginal and would be covered by other businesses within the banks. The lack of IPOs now means the banks are focusing instead on their trading desks--the banks always have a lever to pull to make money. Also, the loan reserves during the pandemic didn't happen, so in 2022 the banks released those reserves.
PAST TOP PICK
(A Top Pick Jan 25/22, Down 20%) People feel they will earn less in capital markets, but JPM has so many tools to make money. Plus, their scale is so vast. Remains a must-own.
PAST TOP PICK
(A Top Pick Jul 13/21, Down 25%) The only US bank she holds. It's one of the best managed. JPM continues to invest on tech and AI to fund future growth. Well-capitalized. Nice dividend and PE.
BUY

They report Thursday. Usually, shares get crushed after the report, but what if there's nowhere to go except up because they have fallen so far? It makes no sense that their net interest margins are so high, yet shares are so low. Before when net interest margins were much lower, shares were much higher. No sense. He likes the banks before their quarter. The St. Louis Fed says that loans were still strong this quarter. Banks, which have been frigid, could be hot now and they usually work well at this point of the cycle. MS pays a good dividend.

HOLD
No surprise that banks are off so much, because the market is pricing in a recession, though he's neutral. He's holding onto his banks including JPM and isn't buying the current weakness in banks. Labour costs are a headwind, but improving loan growth is a positive going forward. He also likes Blackstone because of their superb management.
BUY
Financials have been sold off. BAC and JPM are trading at 1.7x tangible book. JPM hasn't seen such levels in 15 years, and BAC has returned to this level since Covid hit. Overall, bank valuations are now making sense.
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