NYSE:JPM

JP Morgan Chase & Co (JPM)

335.26
+1.73 (0.52%)
as of Oct 20, 2026, 8:00:00 pm Market Open.
556 watching
0
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.
TOP PICK
They reported Friday a better than expected quarter, but expenses will rise 8% next year, investing in tech, distribution and marketing. The market didn't like that because these spends will offset the benefits of rising rates, but she thinks this move is wise to spend long term to build growth. The market is being short-sighted. THey lead in all their markets. JPM has a strong balance sheet and pays an attractive yield. (Analysts’ price target is $174.18)
COMMENT

Question about American bank stocks. Be selective and don't buy the ETF. He owned Wells Fargo before but he switched to JPM. There has been negative news. The stock is now looking better and with the positive changes being made it could grow back. Looks undervalued.

PAST TOP PICK
(A Top Pick Sep 23/20, Up 84%) Believes one of the best run banks in the world with many opportunities ahead. Might see a pullback in bank stocks ahead, but still a great company. Rising interest rates and attractive dividend yield make for a favorable environment. Will continue to own.
BUY
Allan Tong’s Discover Picks JPM trades at 10.26x earnings and pays a 2.53% dividend. In contrast, Bank of America trades at 13.86x and pays 1.89%, and TD (on the NYSE) stands at 12.7x PE and a 3.62% divvy. (TD has the strongest American presence among the Canadian banks.) JPM delivered four blow-out quarters in the past year. Earnings, profits margins, ROE and cash flow handily beat its peers BAC, Citi and Wells Fargo. If you're buying an American bank, this remains the top candidate. Wall Street agrees, signalling 11 buys, two holds and one sell at a $180.31 price target or nearly 14% higher. Read Best Financial Stocks in 2022 for our full analysis.
BUY
If the 10-year yield rises, great, and the fed funds rate rises slightly, then the banks will do well. Schwab will do the best in this class, followed by JPMorgan. JPM is already making tons of money now. You don't need an amazing yield-curve story for either bank to do do well.
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