Is JPMorgan Chase Stock Cheap or Expensive?

Is JPMorgan Chase Stock Cheap or Expensive?

JPMorgan Chase (NYSE: JPM) has been a major beneficiary of the stock market rally following the 2016 election.

Since this time last year, shares of the New York City-based bank are up 44%. That's more than twice the S&P 500. It also comes in ahead of other large-cap banks, with the KBW Bank Index returning 38% over the same stretch.

Given this performance, it's reasonable for investors to ask this question: Is JPMorgan Chase's stock cheap or expensive?

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Source: Fool.com