Barry Schwartz JP Morgan Chase & Co JPM-N BUY Mar 03, 2025

Likes US financials and thinks this name will do well. See his Top Picks.

Unmatched on risk management, balance sheet, and operating capabilities. This is his go-to name for US banks, but the valuation at 15x is too rich. If your heart's set on a US bank, wait for a bit of a pullback. Instead, he'd look at BNS or TD.

See his Top Picks.

It's the higher for longer trade. Banking is the best non-tech sector. Banks don't need rate cuts for financials to thrive.

Is large and profitable. The CEO led the bank through 2008 and has made many good moves over the years. A long-term holding and the best US banks he owns.

US economy did better last year than expected. Waiting for a pullback to add new client money. Best-in-class US bank. Very strong balance sheet and management team.

Wonderful bank and CEO. Conservatively run. Premium bank, and you're paying a premium for it. Wouldn't buy at this valuation, but definitely a go-to name he'd like to own if it corrected a lot more.

Her top choice in the financial sector.

Friday kicks off bank earnings season, a sector that has been crushed, because Wall Street expects a downturn in the economy. JPM is down from 14x to 11x, and shares from $280 to $210, -7.48% today alone. An incredible fall.

Flagship US bank. Dimon has done a spectacular job. Pristine risk controls. Trading ~13x PE. Either #1 or #2 in all of its major businesses. Still growing and gaining market share. Core holding in any portfolio. Time is ripe to buy the best, you don't have to go down the food chain. Yield is 2.73%.