Re: JPMorgan Is on Defensive After Analyst Suggests Bank Has Lost Its 'Fastball'
"JPMorgan shares, which were essentially flat in midday trading Monday after being off 1.1% in the morning, are near a recent 52-week low. The stock is down 25% this year and back where it traded in early 2018. The entire banking sector has been weak this year on economic concerns, but JPMorgan stock has lagged behind the industry with the SPDR KBW Bank exchange-traded fund (KBE) off 16%." ... So, this means the largest can be bought more cheaply than the index of others?
And the price went to $117.7 and change yesterday... IMO, it just meant the best run bank (arguably) even cheaper. Not often that I get a chance to buy a premier bank at regional bank pricing... 12 month target prices of $145/share (lowered), still yield 20*% plus appreciation and that doesn't include the 3.2+% dividend.
Much more financial data buried in all the data beside anecdotal WFB analyst opinion...even Schwab inclusion of analyst reports albeit dated will furnish us insights...besides headliner of JPM losing its fastball... fwiw.
Best,
Louis