On Tuesday's MarketFoolery, host Chris Hill and Motley Fool Special Ops analyst Tom Jacobs explore their continued dislike of big banks.
Shares of JPMorgan Chase (NYSE:JPM) are up 4% after the banking company announced second-quarter profits that showed higher-than-expected profits. When Chris asks Tom what stands out to him from the quarter, Tom says "mind-numbing complexity" and explores how opaque the big banks continue to be. Banks are incredibly hard to understand and regulate, Tom says, yet he does invest in some -- just smaller ones that are much more understandable in terms of the types of banking they do.
Chris Hill and Tom Jacobs have no position in any stocks mentioned. The Motley Fool recommends Apple and Bank of America and owns shares of Apple, Bank of America, and JPMorgan Chase. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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.