JPMorgan Chase (NYSE: JPM) has been a successful investment, with shares producing a total return of 365% in the past decade, a much better gain than the S 500. That outperformance still holds true if we look back one, three, and five years.
Now, this top bank stock is trading in record territory, with a massive market cap of $599 billion (as of July 25). Is it still a good buying opportunity?
Shares of this leading bank have performed well this year at least partly due to strong financial performance. This was certainly true in the three-month period that ended June 30, which the business recently reported. The headline figures came in ahead of Wall Street expectations.
Source Fool.com