Is It Time to Buy Bank Stocks?

By Chris Hill – Updated Apr 7, 2017 at 4:40PM

NYSE: WFC

Wells Fargo

Market Cap

$215B

Today's Change

(-1.11%) -$0.67

Current Price

$59.93

Price as of April 25, 2024, 4:00 p.m. ET

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.

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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.