/biz/ - Business & Finance

Why would you ask this? What makes you think it's either?

>>18620045
just because of its stock price and how popular their credit cards are

Bump

>>18619985
>undervalued
not currently
>inefficient
definitely, it bought so many small banks before and during the GFC it still hasnt streamlined them

>>18619985
Right now everything is undervalued and on discount. Take out loans and buy up everything.

>>18619985
it has no right to exist.
it's just another ponzi scheme.
don't trust these shysters with your money.

>>18620223
when i say undervalued i mean a severe discount it IS 21% below DCF value

Financials are still way down due to r*ddit virus nothingburger uncertainty. Buy JPM BAC WFC FAF TROW PRU for long term holds

>>18620223
>>18620246
>>18620284
only reason i ask is because cornwell capital(big short guys jamie mai and charlie ledley) bought capital one leaps because they thought the market was undervaluing their stock and i want to catch the next one. jpm seems like a good bet

>>18619985
JPM is quite literally the most powerful entity on planet earth. Yes, they are both undervalued and inefficient.

>>18620362
what if people start defaulting on loans?

>>18620372
JPMorgan Chase reported weak first-quarter results with net income coming in at $2.9 billion, or $0.78 per diluted share, though this is unsurprising given the impact of the COVID-19 pandemic on the global economy. Return on tangible common equity was reported at 5%, which was impacted by a number of items, including a large buildup of credit reserves, widening funding spreads on derivatives, and a markdown on the bank's bridge loan book. The biggest item was the large build in credit reserves of $6.8 billion, leading EPS to be down 76% compared with the year-ago period. Ignoring the reserve builds and other significant items, core earnings were actually not that bad. Net revenue was down 3% year over year while expenses were up 3%. While JPMorgan maintained its share repurchase program for the majority of the first quarter (average diluted shares outstanding fell 6% year over year), it's important to note that the bank has since suspended share buybacks in light of the coronavirus crisis. Management did provide some updated guidance around expenses, net interest income, and the general direction of fee income; however, the biggest unknown remains future credit costs. It is simply impossible to know exactly how COVID-19 and the economy will develop, and it is therefore impossible to know exactly what credit losses will look like in second quarter and for the rest of the year. Second-quarter earnings will give us much more information, but for now, loss rates appear manageable. We believe that losses would have to be dramatically worse than what occurred in first quarter for the bear-case scenario to start playing out. After updating our models for the latest results, we are predicting another large reserve build in second quarter, after which losses begin to level out.

>t. morningstar

>>18620433
r u a jew?

>>18620362
Blackrock is more powerful

>>18620532
>jew
i have a library card and half a brain

>>18620641
should i buy the stock or leaps? i want cornwell capital gains
>>18620612
whats your point? blackrock is 480 per stock and jpm is only 90

>>18620679
LEAPs if you want those gains, stock if you want compounding.

>>18620768
man its tempting, wondering i should go al in on leaps but i keep hearing we havent hit bottom yet which im inclined to believe since this may all be a temporary pump to keep trump in office. once he gets re-elected we really capitulate