JP Morgan Chase & Co. (JPM) Social Stream
Featured Post From StockTwits About JPM
Citigroup: Odeon upgrades C to Buy, feels bank is now better equipped to handle financial crisis (49.45) $C $GS $JPM $BAC $WFCSwingingForward, published June 4, 2020
"Citigroup is successfully building a new business on an old business model. It is struggling to do so but it is succeeding. It is amazing that a company thought to be in the early stages of its recovery is making more money than all but 9 other companies in the United States. Imagine what it can earn if the underutilized balance sheet was put to work. The valuation of the stock is quite low. It sells at 59.0% of book value and 7.9x estimated 2021 earnings. The price to book level is based on the inability to gauge what real asset values are in the loan portfolio."
Recall that Odeon's Dick Bove upgraded peers JPM (5/20) and GS (5/26) to Buy last month.