JPMorgan Has Consistently Beaten Its Own 17% Return Target Under Jamie Dimon. Is the Stock Still a Buy?
JPMorgan Chase has been firing on all cylinders.
Overview
The nationʻs largest bank, JPMorgan Chase (NYSE: JPM), has long been the most successful bank, particularly since Jamie Dimon became CEO in 2006.
His strategy of building a fortress balance sheet has carried JPMorgan through the difficult times and benefited it in the good times.
Details
JPMorgan Chase has been on an especially good run over the past year or so as rates have stabilized in a sweet spot for lending and net interest income, mergers & acquisitions (M&As) have taken off, and markets have been incredibly active.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.