The following video is part of our "Motley Fool Conversations" series, in which financial and economics sector head Ilan Moscovitz and consumer goods editor/analyst Austin Smith discuss topics across the investing world.

As part of our series "3 Reasons to Buy / Sell," Ilan explains the bull case for JPMorgan Chase. Shares of the banking behemoth are down significantly following the company's confession that it's going to lose billions on a derivatives bet gone bad. That's beginning to push its valuation into attractive territory, despite the fact that JPMorgan is one of the better-run Wall Street banks (though perhaps not one of the simplest). If the economy continues to improve, the stock could have big upside.

If JPMorgan's complex balance sheet isn't for you, operations get simpler the smaller you go in banking. The Motley Fool featured one of these simpler banks in its brand-new free report "The Stocks Only the Smartest Investors Are Buying." We invite you to download a free copy. To find out the name of the bank Buffett would probably be interested in if he could still invest in small banks, just click here.