With a P/E of only 11, JPMorgan (JPM) is down to bargain basement levels. And when you add in the 3% yield, JPM’s upside is solid.
JP Morgan’s (JPM) CEO Jamie Dimon is lovin this Trump economy. And he should be. JPM’s profits are expected to grow 31% this year.
JPMorgan (JPM) achieved broad-based gains throughout its major divisions last qtr. With Trump boosting the economy & raising interest rates, JPM has an easy working environment.
Higher interest rates and corporate tax cuts are providing a boost to JPM’s 2018 profit estimates. And with a P/E of 13 the stock still has room to run.
JP Morgan (JPM is set to report earnings next week, and I expect good things as the bank has beaten the street the past 4 qtrs. But, the stock is extended here. Let’s take a look at the numbers.