JPMorgan (JPM)
hasn’t had a bad year (it has outperformed various bank stock indices
by 10% or more), but it seems as though the market has had its fill with
the sector for at least this part of the cycle. When one of the best in
the space is likely to only generate mid single-digit core earnings
growth from this point on, I suppose I can see their point, but I
believe JPMorgan remains undervalued even on the assumption of slowing
macro drivers in the coming years.
Read more here:
JPMorgan Humming Along, But The Market Wants More Than Consistency
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