Even as the banking sector moves toward a period where core earnings
growth should be as good as it's been in years (helped by rates and loan
growth), the large bank sector has been hit hard recently, with major
banks around 20% from their highs. Several factors have contributed to
this, including weaker capital markets, rising global macro uncertainty
after Russia's invasion, ongoing worries about inflation, and yield
curve inversion, to say nothing of growing chatter about a recession
within 18 months. Neither Citigroup (NYSE:C) nor JPMorgan (NYSE:JPM)
have been spared from this weakness, with both on the weakest end of
the performance curve year to date, but both continue to look
undervalued going into this first quarter reporting period. What follows
is a comparison of these two large-cap banks, as well as some trends
worth watching.
Read more here:
A Look At Citigroup And JPMorgan Going Into Q1 Earnings
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