Time to Buy This Embattled Bank Stock?
The following video is from this week's MarketFoolery podcast, in which host Chris Hill, along with Bill Mann and Joe Magyer, discuss the latest business news. JPMorgan Chase CEO Jamie Dimon went to Capitol Hill on Wednesday to face questions from lawmakers about his firm's hedging strategy that turned into a multibillion-dollar loss. Ironically, or perhaps in response, shares of JPMorgan Chase were up for the day, making it one of the best-performing stocks in the Dow Jones index. In this segment, the guys analyze Dimon's performance and share their thoughts on the relative attractiveness of bank stocks like Goldman Sachs and Bank of America.
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At the time this article was published Chris Hillowns no shares of any of the companies mentioned. The Motley Fool owns shares of Citigroup, Bank of America, and JPMorgan Chase.Motley Fool newsletter serviceshave recommended buying shares of Goldman Sachs. 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.