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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
0
HOLD
Impact of Russia? They don't have as much exposure to Russia as other American banks like Citi. Also consider the size of the Russia economy, which is around Canada's, so not that large. JPM shares are down because of fears that the US Fed will lead the US economy into recession. If that does not happen, JPM will deliver good results, like positive loan growth. This is good to hold onto.
DON'T BUY
JPM is too pricey at 2x price-to-book. GS is only 1x, so he prefers this. He also likes regional banks to some degree.
BUY
You don't need to worry about them (earnings missed today), because the CEO is so strong. He's underpromising and over-delivering. The financial sector is an opportunity overall. Banks with a diversified business mix will do well, despite facing some challenges. She feels this way about Goldman Sachs, too.
BUY
The best time to invest is when things are down. Phenomenal, long-term franchise. Weathered financial crisis well. Good and growing dividend yield. Low valuation. Great time to step in. Flat yield curve is not great for banks, and geopolitical risk right now. But if you wait for things to normalize, the stock's already recovered.
WAIT
JPM vs. WFC Neither stands out over the other. JPM is 10x earnings, whereas WFC is 10.7x. Problem is that rising interest rates by themselves don't mean bigger profits. Wants to see stability in the yield curve, as it's flattened quite quickly. Needs to see fund flows get better before buying.
BUY ON WEAKNESS
Bullish market outlook He bought more to reduce his cash position to near-zero. He's all in. Very bullish. Has a very long-term horizon. The market has priced in the Russian war and crude oil's rally. Eventually, the Saudis will sell oil as it stays above $100. If oil dips below $100 in the next week or two, this market will rip. It's one headline away to rip higher. Sure, markets can fall on a bad headline, but it's more likely that things get better from here, not worse. As hostilities in eastern Europe fade and as we get the first rate hike, it will become clearer how strong the US economy is. There are plenty of jobs and capex spending. Also, nobody talks about Covid, so people will get back to work and supply chains will ease.
HOLD
Arguably, most well-regarded bank in the world. Has grown the franchise, very well capitalized, well positioned. Spending on tech to compete with fintech. Will always get its share of the capital markets world. More money with steepening yield curve. As world issues are resolved and the world becomes normalized, investors will turn to the banks again.
BUY
US banks are a bet on the US economy, and it's strong. Interest rates won't go up as much as people think. He owns JPM and Canadian banks. JPM is very cheap, 10-11x earnings. Stocks are volatile, especially with the Russia situation.
BUY
Question about BAC A good bank and good play on the US economy, but she prefers JPM though JPM shares have lagged BAC, but JPM will catch up. You want to be exposed to US banks because interest rates are rising. JPM has been investing more in their business, and the street didn't like that, but it makes strategic sense. All banks are diversified in capital markets activity, lending and wealth management.
BUY
Inflation-protection trades: energy (and materials). Both cyclical sectors are positively correlated to inflation. She also likes Martin Marietta given its heavy business in residential and non-res construction and a tailwind from Dems and Republicans to fix bridges and ports during supply-chain issues. Financials: JPM she likes, though they had a disappointing recent earnings, they do have a multi-faceted business. For more cyclicals, consider EM, namely IEMG.
PAST TOP PICK
(A Top Pick Feb 18/21, Up 10%) The banks will do well with rising rates. Also, JPM is strong in capital markets. Note that earnings from US banks this year over last will decline slightly, due to the effect of loan-loss provisions from 2020, which were mostly unused. Overall, he's positive the US banks.
COMMENT
Question comparing the two companies. Both are good at these levels. Morgan Stanley had better growth last year. For the longer term look at payment processing companies.
TOP PICK
The biggest American bank. Earnings last week were met with a yawn and shares slipped. They will benefit from post-Covid when consumer and retail loans pick up. Their margins will also rise as interest rates increase. All the banks took too many reserves due to Covid, so those losses didn't happen, so that's another plus for earnings. The dividend should grow. (Analysts’ price target is $173.65)
COMMENT
Question on American banks in general and JPM in particular. JPM is fine as are most of the banks.. Dividends will go up. He owns Bank of America.
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