
NYSE:JPM
It's pulled back, so buy it now. Now only 130% of book value. Gold standard in banking in the world. Revenues were up 13% y/y. Economy is opening up a bit faster than predicted, so some reserves may be recaptured. Can absorb the recent fines without a hiccup. A different situation than with Wells Fargo; JPM penalty is a one-off.
Buy after JPM has increased its interest in a Chinese joint venture? His problem is that interest rates are so low that they can't make money. It's a partial sell, and instead buy MS or Goldman.