Morningstar Rating

Stock Research and Analysis

by Jim Sinegal

Bulls Say

JPMorgan has achieved a reasonable level of profitability despite a number of headwinds. Earnings could improve substantially once the firm is truly firing on all cylinders.
JPMorgan did a remarkable job limiting its credit losses during the financial crisis. The bank is now paying the price for misdeeds at Washington Mutual and Bear Stearns, despite its best efforts to avoid responsibility for its predecessors.
The bank and its management may have lost some cachet with investors and regulators, but customers are still flocking to JPMorgan Chase. Read more 

Bears Say

As a systemically important firm, and in light of recent missteps, JPMorgan is likely to remain under the regulatory microscope for years to come.
It's difficult to quantify potential exposures (let alone losses) created by the firm's derivatives activities, as evidenced by the London Whale trades.
Future CEOs may not be as talented as Jamie Dimon, who himself may be struggling to effectively manage such a large, complex financial institution. Read more 

Management

JPMorgan Chase's management team, led by CEO Jamie Dimon, is standard, in our view. While the company was not damaged by the financial crisis to the extent that some peers were, the number of mistakes the company appears to have made recently, in addition   Read more 

Profile

JPMorgan Chase is one of the largest financial institutions in the United States, with more than $2 trillion in assets and operations in dozens of countries. The company   Read more 

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