JPMorgan Chase Soared 20% in the 1st Half of 2024. Is It Still a Buy?
Despite persistently high interest rates and economic fears, megabank JPMorgan Chase (NYSE: JPM) delivered 20% total returns for investors in the first half of 2024. The bank's results have been rather strong, but even CEO Jamie Dimon warns investors that we haven't quite completed the economic "soft landing" just yet.
With that in mind, is it still a good time to buy JPMorgan Chase, or has the stock become a little too expensive? Here's a rundown of why the bank's stock did so well in the first half of the year, how the business has been doing lately, and what investors should know about the stock's valuation right now.
There are a few potential reasons JPMorgan Chase did so well in the first half of 2024. First and foremost, the bank's results were quite strong throughout the business, and we'll get into the numbers in a bit.
Source Fool.com
JPMorgan Chase & Co. Stock
The stock is an absolute favorite of our community with 34 Buy predictions and no Sell predictions.
With a target price of 202 € there is a slightly positive potential of 4.62% for JPMorgan Chase & Co. compared to the current price of 193.08 €.
