Is JPMorgan Chase Stock a Buy?
Amid high inflation and worries over a more severe recession, bank stocks have not fared well this year. As the largest bank by assets in the U.S., JPMorgan Chase (NYSE: JPM) has not been spared. Its stock has been down more than 29% this year, trading at some of the lowest levels seen since the end of 2020. With the Federal Reserve still aggressively raising interest rates and a lot of economic uncertainty still in the environment, is JPMorgan Chase stock a buy? Let's investigate.
Although rapidly rising interest rates have created a lot of market volatility, banks have been waiting for a real rising-interest-rate environment since the Great Recession. They got a taste between 2015 and 2019, but it was gradual, and the Fed had to drop rates to zero once the pandemic started.
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Source Fool.com
