Is JPMorgan Chase Stock a Buy?
Bank stocks have been pretty volatile over the past few months, fueled by several factors -- interest rates, the economy, and high-profile bank failures, to name a few. But not all banks are the same. In fact, many large ones came through the past few volatile months in good shape and even managed to produce gains.
One of the best performers last quarter was JPMorgan Chase (NYSE: JPM), the largest U.S. bank. Where does this industry bellwether stand as we head into an uncertain second half of 2023? And more importantly, is this stock a buy?
JPMorgan Chase was arguably the sturdiest large bank in the country before the regional banking crisis occurred in March, and it may have emerged from that turmoil even stronger. Let's take a look at a few key reasons that's the case.
Source Fool.com
JPMorgan Chase & Co. Stock
The stock is one of the favorites of our community with 49 Buy predictions and 1 Sell predictions.
On the other hand, the target price of 302 € is below the current price of 305.35 € for JPMorgan Chase & Co., so the potential is actually -1.1%.
