Julien Nono-Womdim JP Morgan Chase & Co JPM-N BUY Sep 15, 2025

Just reported a clean top and bottom line beat. Loan loss provisions were lower than expected. Net interest income came in light. All businesses performed well, including commercial/investment banking beat handily while wealth management was in line. They raised full-year net interest income forecast by $1 billion. The CEO did cite risks from tariffs. 

Best bank in the world. Raised dividend twice last year. They win everywhere. 

Could buy a dividend stock that's down, but there's no indication that that's a precondition for success. This one's at fresh all-time highs, and that's what good companies do over time. "Buy high, sell higher" is a better mantra than "buy low, sell high". 

Stable performance and gaining market share in the financial sector. Core holding. Tough to bet against Jamie Dimon. Taking market share from close competitors. Market cap approaching $1T, more than double its closest competitors. Buy today, hold long term.

Leader. Raised dividend twice in last year. Best technology platform. Most solid balance sheet. Stock's behaving as expected. He'd buy here.

He trimmed, selling into strength. He's up 38% in this the past few months. Trimmed for pure risk management. Still believes in JPM.

A top bank run by a great CEO. Worries over small US regionals have boosted inflows into JPM. Valuation is reasonable.

Its reaping the rewards over the years is paying off. Bank of America hasn't had a big windfall or payday and is trying to emulate JP Morgan. He advised the caller to stick with Bank of America relative to JP Morgan and Wells Fargo.

In terms of quality, hard to argue against JPM -- best of breed. GS is tops on the investment banking side. He's overweight US banks.