Is JPMorgan Chase Enticing At Current Prices?
With shares of JPMorgan Chase (NYSE:JPM) trading around $50, is JPM an OUTPERFORM, WAIT AND SEE, or STAY AWAY? Let’s analyze the stock with the relevant sections of our CHEAT SHEET investing framework:
T = Trends for a Stock’s Movement
JPMorgan Chase is a financial holding company that provides various financial services worldwide. The company is engaged in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, asset management, and private equity. Financial services companies like JPMorgan Chase are essential for well-functioning economies around the world.
JPMorgan is reportedly getting ready to fight certain charges related to the London Whale trading scandal in court. The Commodity Futures Trading Commission doesn’t appear that it will be willing to accept a settlement from the bank over the matter. JPMorgan has already paid $1 billion to several different regulators to settle charges related to the scandal, but the CFTC opted out of those settlements so it could pursue its own case against the bank, which the CFTC believes behaved recklessly and manipulated the derivatives market, according to a report from the New York Post.