JPMorgan Chase Shows Its Resilience -- Is the Stock a Buy After Q3 Earnings?
JPMorgan Chase (NYSE: JPM) kicked off earnings season with a bang. The largest bank in the U.S. posted earnings per share that beat expectations by over 11% on strong net income growth in the quarter. The bank displayed why it's one of the best-run banks in the U.S. today.
Led by CEO Jamie Dimon, JPMorgan's resilience was on display in the third quarter. Dimon was one executive calling out the risks of higher inflation and interest rates in real time. JPMorgan positioned itself for this risk, which is why it has achieved solid growth in an environment that has proven tougher for others in the industry.
Since taking over as CEO of JPMorgan Chase in 2006, Jamie Dimon has a track record of steering the bank through challenging environments. In that time, the bank has navigated the Great Recession, a decade of ultra-low interest rates, the pandemic, and subsequent inflation. Dimon has kept JPMorgan Chase ready for what could be next.
Source Fool.com
JPMorgan Chase & Co. Stock
The stock is one of the favorites of our community with 52 Buy predictions and 2 Sell predictions.
With a target price of 203 € there is a slightly positive potential of 3.11% for JPMorgan Chase & Co. compared to the current price of 196.88 €.
