A solid investment
With the S&P 500 trading at almost 18 times earnings, it’s getting increasingly more difficult to find glarring value in the stock market. JPMorgan stands out in this market as a solid performer trading at an excellent price. The company faces real risks — but at just 1.4 times tangible book value, this risk seems more than fairly baked into the stock price.
Investing in JPMorgan amid unending negative headlines may not be the popular move, but it’s likely a good one.
Let the blissful noise of pessimism and the kind gift of a sell-off soothe your contrarian spirit.
The article Visualizing the Value in JPMorgan Chase & Co (NYSE:JPM) Stock originally appeared on Fool.com and is written by Daniel Sparks.
Fool contributor Daniel Sparks has no position in any stocks mentioned. The Motley Fool recommends Bank of America and Goldman Sachs. The Motley Fool owns shares of Bank of America and JPMorgan Chase.
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