Will the JPMorgan Witch-Hunt Crush the Stock?
May 5th 2013 12:45PM
Updated May 5th 2013 8:00PM
Jamie Dimon and JPMorgan Chase have gone from being the shining example of Wall Street strength to a bank that can't keep its name out of the financial media tabloids. But where does all this hoopla leave shareholders?
From good to bad to ugly?
Despite the turmoil, the stock has forged ahead and handily beat the market in 2012. Even though it's lagging the S&P 500 so far this year, the stock is still well in positive territory, but will that change if the witch-hunt intensifies?
In this video, Motley Fool banking analyst David Hanson reminds investors that behind the headlines, JPMorgan is still well positioned to serve its clients and remain focused operationally.
Time to buy?
With big finance firms still trading at deep discounts to their historic norms, investors everywhere are wondering if this is the new normal, or if finance stocks are a screaming buy today. The answer depends on the company, so to help figure out whether JPMorgan is a buy today, check out The Motley Fool's premium research report on the company. Click here now for instant access!
The article Will the JPMorgan Witch-Hunt Crush the Stock? originally appeared on Fool.com.David Hanson has no position in any stocks mentioned. The Motley Fool owns shares of JPMorgan Chase.. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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.