JPMorgan Chase: Don’t Panic If It Falls Again


  • JPMorgan CEO Jamie Dimon’s stark warning in October 2022 about a steeper fall for the S&P 500 has yet to play out.
  • We assessed that JPMorgan likely isn’t expecting a significant recession to occur in 2023.
  • Therefore, JPM’s October lows are likely robust, as they should have reflected a mild-to-moderate recessionary valuation.
  • A deeper pullback could offer investors a fantastic opportunity to add and ride the recovery in 2023.

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JPM Outperformed the S&P 500 In 2022

JPMorgan Chase (NYSE:JPM) stock outperformed the S&P 500 (SPY) (SPX) in 2022 as investors lifted the performance of financial stocks after their bottom in October.

Despite the recent pullback

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. 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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