Flat EPS, flat revenues, share count up slightly. Price/Book is 1.8. Not sure why we got a move from 13 to 14, but I can never figure this one out.
Vince
Check out $WFC, $C, $JPM, $KRE… Bank stocks are ripping.
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I see that now - some much more than others. JPM was on my watch list - wish it had been on my bought last week list!
One good thing - it boosted FFNW over $13 for a nice exit point and a significant return in both my long and short term holdings.
Vince
JPM is close to full value. My favorite is Citi and WFC. Of course they both moved up. But Citi still trades at discount to BV, any potential regulatory relief will be double boost to Citi, they have a huge international business and a big investment banking business. In both ways they can benefit.
WFC is under asset cap for over 6 years now. There is an expectation it will be lifted in 2025, under trump administration the timeline could speed up.