JPMorgan Chase & Co. (NYSE: JPM) has consistently outperformed the S&P 500 over the past decade, delivering a total return of 365%. This outperformance has continued in recent years, despite the stock reaching record highs.JPMorgan Chase & Co. (NYSE: JPM) has consistently outperformed the S&P 500 over the past decade, delivering a total return of 365%. This outperformance has continued in recent years, despite the stock reaching record highs. JPMorgan Chase’s strong financial performance has been a key driver of its stock price gains. In the three-month period ended June 30, the company reported better-than-expected earnings and revenue. The company’s net income rose 16% year-over-year to $11.9 billion, while its revenue increased 11% to $34.5 billion. JPMorgan Chase is a well-positioned bank with a strong track record of financial performance. The company’s stock is trading at a premium valuation, but it could still be a good investment for long-term investors.
JPMorgan Chase (NYSE: JPM) has proven to be a successful investment, with the shares delivering a total return of 365% over the past decade, a much better return than the S500That outperformance still holds true, even if we look back one, three and five years.
Now this top banking stock is trading in record territory, with a whopping $599 billion market cap (as of July 25). Is it still a good buy?
Shares of this leading bank have done well this year, at least in part due to strong financial performance. This was especially true in the three-month period ended June 30, which the company recently reported. The headline figures came in above Wall Street expectations.
read more
Source Fool.com
The post Is Buying JPMorgan Chase Stock a Good Idea? first appeared on Frugals ca.
