Pros, Cons to Buying JPMorgan Stock
Bank stocks are well-positioned these days and JPMorgan stock is at the front of the line for investors.
JPMorgan Chase & Co. (NYSE: JPM) bills itself as one of the oldest money management firms in the U.S., dating back more than 200 years.
Today, the financial behemoth boasts total assets of $2.6 trillion – that’s almost equivalent to the total gross domestic product of India in 2017, the sixth-largest economy in the world.
With 250,000 employees and offices in more than 100 global markets, JPMorgan certainly fits the bill as a global investment banking powerhouse. But is it a portfolio powerhouse for investors looking to make an asset killing of their own in the banking sector?