Historically, tumultuous times offer some of the best opportunities to buy stocks, and the market's recent mess surely qualifies. Most investors would probably wince at the notion of buying a bank stock today, but a surprising number of investors have that warm, fuzzy feeling for JPMorgan Chase
In our Motley Fool CAPS community, nearly 82% of the 3,484 investors rating the company are bullish, giving plenty of reasons why JPMorgan Chase will thrive, three of which I've highlighted below.
But here at The Motley Fool, we're all for looking at both the good and bad sides of an investment. Once you're done with this article, you can read the case against JPMorgan Chase, weigh in with your own comments below, or rate JPMorgan Chase in CAPS.
1. Strong profit
Although the financial world was on the brink of collapse a year ago, things aren't looking so dire for leading banks these days. Similar to peer Goldman Sachs
Despite setting aside more money for potential credit losses, JPMorgan's third quarter was the first time since it purchased Washington Mutual last year that assets and deposits didn't shrink. Some say it got a better deal on the acquisition than deals nabbed around the same time by Bank of America
3. Competitive position
In addition to traditional banking, JPMorgan Chase has an additional side of its business that some CAPS members see as a huge advantage over smaller regionals like SunTrust
To see details of what CAPS members are saying now about JPMorgan Chase, just click on over to Motley Fool CAPS and have a look. Or add your thoughts directly to this story in the comments box below. And do yourself a favor and check out our "3 Reasons to Sell JPMorgan Chase Today" article so you've got both sides of the picture.
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Fool contributor Dave Mock can rattle off three reasons why eating an ice cream cone while playing ping pong is not a good idea. He owns no shares of companies mentioned here. You probably never knew it, but the Fool's disclosure policy was the one behind the mask of the school mascot.