- JPMorgan exceeded sell-side expectations in the first quarter, but net interest margin and loan growth were still soft and the Street didn't like the expense guidance.
- Management is well underway with its plans to build a truly national commercial and retail bank, with ongoing opportunities to leverage scale and cross-selling across leading business units.
- JPMorgan is not the best bank for a "risk on" trade, but the shares still offer a high single-digit long-term prospective annualized return, and the value/quality mix is top notch.
For further details see:
JPMorgan Likely To Leverage The Recovery To Earn Even Higher Returns