Saturday, April 13, 2013

Investopedia: Credit Comes To The Rescue, As JPMorgan Sees Soft Core Banking Results

Maybe today's banking environment isn't quite “famine” on the feast-or-famine scale, but with results in hand from Wells Fargo (NYSE:WFC) and JPMorgan (NYSE:JPM) it's pretty clear that this a very slow patch in core banking. While I expect that some (if not many) investors will be more attracted to stronger growth/recovery stories at once-troubled banks, I believe JPMorgan continues to offer very good value for money in the banking sector. Even if the company's sterling reputation has acquired some patina, the valuation suggests that the company doesn't get its due for its market share, credit quality, and profitability.

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