Tuesday, February 27, 2018

Bloomberg: JPM profit could increase $7 billion in the coming years

I thought that rising rates were supposed to be bearish????

JPM current market cap is $400B with a PE of 18. So an additional $7B of earnings at 18x would imply an additional $125B or perhaps well above a 25% increase in share price. Even just a 10x would imply close to 20% increase. Nothing sounding bearish here...

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