Friday, July 12, 2013

Investopedia: JPMorgan Seeing Strong Credit, But Iffy Growth Momentum

The expectation for most banks this year has been that core growth will be challenging given low rates and competitive lending markets. Those banks that can wring out better credit and/or better fee income should do a little better, and that seems to be the case for JPMorgan (NYSE:JPM). An influx of deposits thumped the net interest margin and lending growth was iffy, but overall results were boosted by good credit outcomes and solid fee income results. All told, this remains an undervalued bank and one with solid earnings power in the coming years.

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