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
COMMENT
You want to minimize correlation risk so he would only hold one if you want a US bank. If you want more financials, you should diversify by region.
DON'T BUY
When you compare the banks, JPM is twice as expensive as his top pick. JP Morgan is a leader and a bellwether. As an investor, you're concerned with the fundamentals and quality of the company, as well as the price. That creates the value equation, and it's not as strong for JPM.
PAST TOP PICK
(A Top Pick Dec 13/18, Up 33%) A well-run company that he still owns. Of all the banks, it’s starting to look rich but it is a premier company that continues to grow earnings. You can continue to own and buy it. We should continue to see dividend growth and steeper earning growth. A solid long term holding.
HOLD
The financial services group looks interesting and he is big into the space. Repricing of commissions will be challenging and it hampers SCHW's margins. If you think the yield curve steepens, this will help them. He would continue to hold, but there are others that he prefers like JPM.
TOP PICK
After the financial crisis in 2008, they skated through it all. Then they invested like crazy, putting $10 billion into technology. It trades at only 1.2 times book value. They are generating 13% return on capital with dividend growth and they have been buying their own shares. It has 2-3 years of a good run yet to go. Yield 2.77% (Analysts’ price target is $125.42)
TOP PICK
Low rates are hurting a bit. Great company. Has all the pieces: commercial, personal, investment, asset management. Extremely well run. Dividend increases. US consumer is in a great space right now. Huge cash machine. Yield is 2.77%. (Analysts’ price target is $125.29)
TOP PICK
Sell put JPM Sell 130 put for cost of -$11.55. If JPM is > $130 by Sept. 2021, the puts expire worthless. If JPM is < $130 by Sept. 2021, then buy JPM at $130 with a -$11.55 premium.
HOLD
It is probably the best run bank in the US. It is trading at a premium valuation. The sector is reasonably valued. But this is such a well managed company.
HOLD
It's near its all-time high. He expects this to lead if the financials get going. He's holding on though it hasn't done much in the last 18 months.
BUY
North American banks have gone sideways, including JPM. JPM has been rangebound since early 2018. It tends to bounce off $110 and hits a ceiling of $120. That's one approach. Another approach is to see if it breaks-out above $120 and buy it then.
COMMENT
His favorite US bank. Go big or go home. The best managed and smartest commercial bank. There is room to raise the dividend, although it is in the late part of the cycle. He is not seeing significant loan losses. A solidly capitalized bank making the dividend safer today.
PAST TOP PICK
(A Top Pick Oct 16/18, Up 7%) Still likes it. It's the premier US bank and he's owned it for a long time.
TOP PICK
A partial covered call. Buy 200 shares at $107.25, sell 100 and get $4.55, net $105.08/share. And let the other 100 shares run and enjoy the upside. And you're paid a nice dividend similar to Canadian banks.
TOP PICK
Trades at 11x PE and yields almost 3%. One of the best-run banks in the world. (Analysts’ price target is $119.96)
BUY

Canadian vs. American banks (BAC, JPM) The Canadians trade at a premium (in book and PE terms) vs. Americans, and the 12-month outlook is better for Americans. BAC is cheaper than JPM and more domestically focused. Also, Citibank is cheaper than both of these, trading below book value with better protection to the down side.

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