Should You Buy JPMorgan Chase While It's Below $270?
It isn't easy to get enthusiastic about a stock just after it reaches its all-time high. This has been the case recently with U.S. megabank JPMorgan Chase (NYSE: JPM), which reached such a peak in mid-February but has generally been sliding since.Price isn't everything, of course, and the big lender has a lot going for it as an investment. Here's my take on its chances of climbing back up to, or even surmounting, that historically hefty price.JPMorgan Chase happens to be the No. 1 bank in the country by several measures, easily topping the rest of the three other big lenders (Bank of America, Citigroup, and Wells Fargo). Its assets totaled more than $4 trillion (distant second place belonged to BofA's $3.26 trillion), its latest quarterly revenue was nearly $43 billion, and market cap was more than $720 billion. Continue reading
It isn't easy to get enthusiastic about a stock just after it reaches its all-time high. This has been the case recently with U.S. megabank JPMorgan Chase (NYSE: JPM), which reached such a peak in mid-February but has generally been sliding since.
Price isn't everything, of course, and the big lender has a lot going for it as an investment. Here's my take on its chances of climbing back up to, or even surmounting, that historically hefty price.
JPMorgan Chase happens to be the No. 1 bank in the country by several measures, easily topping the rest of the three other big lenders (Bank of America, Citigroup, and Wells Fargo). Its assets totaled more than $4 trillion (distant second place belonged to BofA's $3.26 trillion), its latest quarterly revenue was nearly $43 billion, and market cap was more than $720 billion.
