On Sunday, JPMorgan Chase CEO Jamie Dimon said his company's $2 billion trading loss was a "terrible, egregious mistake" and vowed to learn from it. With shares of JPMorgan, Bank of America, Citigroup, and Wells Fargo all slipping on Monday, should bargain-hungry investors bet on the big banks or avoid the risks altogether? In this segment from today's MarketFoolery podcast, Mike Olsen, Charly Travers, and Joe Magyer analyze the future of JPMorgan and the opportunity in bank stocks.
For investors seeking dividend-paying stocks trading at bargain prices, check out The Motley Fool's free report "2 Dirt Cheap Stocks With HUGE Dividends." You can be among the first to get analysis of a market leader in payment systems and a high-yielding energy company by accessing this just-released report. Simply click here -- it's free.
Chris Hill owns no shares of any of the companies mentioned. The Motley Fool owns shares of JPMorgan Chase, Bank of America, Wells Fargo, and Citigroup and has created a covered strangle position in Wells Fargo. Motley Fool newsletter services have recommended buying shares of Wells Fargo. The Motley Fool has a disclosure policy. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.