Have Banking Stocks Recovered Yet?

By Chris Hill – Dec 29, 2013 at 8:00AM

NYSE: JPM

JPMorgan Chase

Market Cap

$522B

Today's Change

(0.65%) $1.17

Current Price

$181.25

Price as of April 18, 2024, 4:00 p.m. ET

A look back at the best and the worst of 2013 from the financial sector, and what may be on the horizon for bank stocks in 2014.

In this video from Thursday's Boxing Day edition of Investor Beat, host Chris Hill and Motley Fool financials analyst Matt Koppenheffer take a look at some of the best and the worst from the financial sector over the past year.

Matt takes a look at JPMorgan Chase and tells investors why litigation against the company has damaged public perception both of the bank as a whole this year, as well as of CEO Jamie Dimon, and why the criticism against Dimon himself may not be entirely warranted. Also, Matt discusses why he loves what Citigroup CEO Mike Corbat has done in his role so far since he took the reins last October, and why the bank's rising price to tangible book value multiple may be a good indicator that investor confidence in the bank is increasing as a result of his efforts.

Finally, Matt talks about the future of Bank of America, and why this could be a stock to watch in 2014 as it finally begins to get much of the litigation from the financial crisis behind it.

Chris Hill has no position in any stocks mentioned. Matt Koppenheffer owns shares of Bank of America, Citigroup, and JPMorgan Chase. The Motley Fool recommends Bank of America. The Motley Fool owns shares of Bank of America, Citigroup, and JPMorgan Chase. 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.