The following video is part of our "Motley Fool Conversations" series, in which senior analyst Anand Chokkavelu, CFA, discusses topics from across the investing world.
JPMorgan Chase's shares started out the year on a tear, up 40% at one point. Its first-quarter earnings showed the increasing strength in its loan businesses (both in new business and in the performance of prior business). But then a $2 billion trading loss threw a monkey wrench into the works. As we head for the halfway point of the year, its shares are still slightly higher than when it began. In the video below, Anand weighs in with his thoughts on JPMorgan's stock now (hint: he remains bullish with a caution).
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Anand Chokkavelu owns shares of Bank of America, Citigroup, Wells Fargo, and JPMorgan Chase. He also owns long-dated options on Bank of America and warrants on Citigroup, Wells Fargo, and JPMorgan Chase. The Motley Fool owns shares of JPMorgan Chase, Bank of America, and Citigroup. The Fool owns shares of and has created a covered strangle position in Wells Fargo. Motley Fool newsletter services have recommended buying shares of Goldman Sachs. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.