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Is JPMorgan Chase Stock a Buy After Missing Earnings and Halting Share Repurchases?

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Is JPMorgan Chase Stock a Buy After Missing Earnings and Halting Share Repurchases?: https://g.foolcdn.com/editorial/images/690115/person-stocks-10.jpg

JPMorgan Chase (NYSE: JPM), the largest bank in the U.S. by assets, disappointed the market last week after reporting second-quarter earnings results that fell short of analyst expectations. The bank also suspended share repurchases so it could build capital to prepare for higher regulatory capital requirements in 2023 and 2024. After these two setbacks, is the stock still a buy?

The headline numbers from JPMorgan's Q2 are certainly not what investors wanted to see, but I do think most of this was expected.

Image source: Getty Images.

Source Fool.com

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