JPMorgan Is Clear Winner Amidst Panic-Driven Chaos

Summary:

  • JPM produced a massive profit of $12.6B in Q1, or $4.10 per share on $39.3B of revenue.
  • JPM is picking off valuable relationships, teams, and employees from weaker regional bank competitors.
  • JPM is too high quality of a bank to trade at just over 10x normalized earnings, given its return profile, and counter-cyclical business footprint.

JP Morgan Chase and Co

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It’s hard to believe that is only been about a month since the SVB Financial collapse created an epic irrational panic about the U.S. banking industry. Panic propagandist pundits valuing all loans and investments marked to market, just in case all the


Analyst’s Disclosure: I/we have a beneficial long position in the shares of JPM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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