On Sunday, JPMorgan Chase CEO Jamie Dimon said his company's $2 billion trading loss was a "terrible, egregious mistake" and vowed to learn from it. With shares of JPMorgan, Bank of America, Citigroup, and Wells Fargo all slipping on Monday, should bargain-hungry investors bet on the big banks or avoid the risks altogether? In this segment from today's MarketFoolery podcast, Mike Olsen, Charly Travers, and Joe Magyer analyze the future of JPMorgan and the opportunity in bank stocks.
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At the time thisarticle was published Chris Hillowns no shares of any of the companies mentioned. The Motley Fool owns shares of JPMorgan Chase, Bank of America, Wells Fargo, and Citigroup and has created a covered strangle position in Wells Fargo.Motley Fool newsletter serviceshave recommended buying shares of Wells Fargo. The Motley Fool has adisclosure policy. We Fools don't all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. Try any of our Foolish newsletter servicesfree for 30 days.
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