Thursday, January 16, 2014

The Motley Fool: JPMorgan Chase & Co. Is Ready to Go Back to Business As Usual

American megabank JPMorgan Chase  (NYSE: JPM  ) has spent a great deal of time and money trying to patch up credit, legal, and business problems -- many of which were self-inflicted. While JPMorgan emerged from the banking crisis with better capital and a stronger business than Citigroup (NYSE: C  ) or Bank of America (NYSE: BAC  ) , the shares have actually underperformed those peers over the last two years as investors have been more intrigued by the self-improvement potential of Citigroup and Bank of America than the stronger underlying operating performance of JPMorgan.

Looking out, though, JPMorgan may be the better investment. Not only is the company a very strong player in trading and investment banking, it's near the top of the charts in mortgage lending, card lending, and retail lending, as well as sporting a large branch footprint. With the possibility of double-digit cash earnings and ongoing dividends hikes (and/or buybacks), JPMorgan looks more than 10% undervalued today.

Read the full article here:
JPMorgan Chase & Co. Is Ready to Go Back to Business As Usual

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