Is JPMorgan the Next Bank of America?
The following video is part of our "Motley Fool Conversations" series, in which senior analyst Anand Chokkavelu, CFA, discusses topics across the investing world.
JPMorgan Chase's $2 billion public relations hit last week dropped it a bit from its high horse. Investors should have known the potential danger long before JPMorgan reported those sizable losses on its "hedge" positions. But now that threats to JPMorgan's "fortress" balance sheet are in the news, how far has its reputation fallen? In the video below, Anand assesses whether JPMorgan is being lumped in with laggards Bank of America and Citigroup. The short answer is: No, not yet.
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At the time this article was published Anand Chokkavelu, CFA, owns shares of Bank of America, JPMorgan Chase, BAC (LEAPS), and Citigroup. The Motley Fool owns shares of Bank of America, Citigroup, and JPMorgan Chase. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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