Financial Insiders Vote J.P. Morgan as the Best Bank

[View in browser]( [The Juice Logo] Proprietary Data Insights Financial Pros’ Top Big Bank Stock Searches in the Last Month Rank Name Searches #1 'JP Morgan Chase & Company 176 #2 'Bank of America Corp 165 #3 'Wells Fargo & Company 112 #4 'Goldman Sachs Group 78 #5 'Citigroup Inc 66 #ad [It's time you learn about Alternative Investments!]( Brought to you by [InvestingChannel]( [Tickers Trending Among FinPros & Retail Investors]( [ InvestingChannel - Tickers Trending Among FinPros & Retail Investors]( Once every quarter, we compile millions of Financial Professional and Retail Investor's stock searches across our 100+ financial sites. We reserve this exclusive report for our newsletter subscribers so you can learn about the stocks and industries that you should keep an eye on. This info can help you decide what to do in your portfolio – so you can protect the money you have and generate bigger gains. [Click here now to download the FREE Trackstar Q1 2023 Report](. Financial Experts Prefer J.P. Morgan as Their Top Choice America’s biggest bank wowed investors with blowout earnings last week, garnering it the top spot amongst the banking stock searches by financial pros. And it’s not hard to see why. JP Morgan (JPM) delivered incredible operating income, buoyed by its First Republic acquisition. And even at these lofty prices, there’s a reason it’s a core holding for most investors. JP Morgan’s Business JP Morgan manages $3.7 trillion worth of assets, with operations spanning the globe. JPM’s business breaks into th - Consumer & Community Banking (CCB) (40.6% of revenues, 36.7% of net income): Includes banking, credit card, auto finance, mortgage banking, and other consumer and business banking services targeted toward U.S. customers. - Corporate & Investment Bank (CIB) (29.5% of revenues, 28.3% of net income): Offers investment banking, markets, securities services, and wholesale payments products and services to corporations, governments, financial institutions, and investors globally. - Commercial Banking (CB) (9.4% of revenues, 8.3% of net income): Provides lending, treasury services, investment banking, and asset management products and services to corporations, municipalities, financial institutions, and nonprofit entities in the U.S. - Asset & Wealth Management (AWM) (11.7% of revenues, 8.3% of net income): Delivers investment and wealth management services to institutional, high-net-worth, and retail clients across various asset classes and markets. - Corporate (8.8% of revenues, 18.2% of net income): Responsible for managing, monitoring, and reporting the firm's liquidity, capital, funding, and foreign exchange rate risks Consumer banking has been the largest growth driver, with net income up 75% YoY for the six month period, largely driven by the acquisition of First Republic’s assets. [Highlights] [Source: JPMorgan Q2 Investor Presentation]( Financials [Financials] Source: Stock Analysis Bank revenues often fluctuate based on market conditions. However, for a bank the size of JP Morgan, it gives us a sense of their general size. And even as one of the largest banks, they’ve grown revenues in the mid to high single digits most years. The truly impressive performance lands on the operating income line, hitting $90.6 billion over the last 12 months, not an easy feat given rising interest rates and a slowing economy. But buying a large regional bank for pennies on the dollar always helps. Management said they expect a flat yield curve for the rest of 2023, a notable change from their rising rate expectations last year. Valuation [Valuation] Source: Stock Analysis On a price-to-earnings ratio basis, JPM trades right in the middle of its peers with Goldman Sachs (GS) higher and Citigroup (C) substantially lower. Unlike most other industries, the price-to-book ratio is a great measure for banks. It tells us the premium placed on the bank's overall loan portfolio. Currently, JP Morgan is priced at a 50% premium relative to most other banks. Citigroup’s P/B ratio is exceptionally low as it has more international exposure than its peers. Growth [Growth] Source: Seeking Alpha JPM is top of the class regarding growth, regardless of the metric. The only growth measure somewhat behind is the forward diluted EPS outlook. But that is extremely volatile and subject to change. Profitability [Profit] Source: Seeking Alpha We also can’t help but point out that JPM beats out its peers on every profitability metric, usually by a wide margin. The only one it lags on is the return on assets, which can fluctuate from quarter to quarter. Our Opinion 10/10 There are two people you don’t bet against - the Fed Chair and Jamie Dimon. JP Morgan weathered the Great Recession and came out stronger for it. It runs the tightest shop on Wall Street with exceptional growth and performance that’s the envy of any financial institution. This is a company that everyone wants in their portfolio for the long-haul. 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