The crisis could hit bank earnings in several ways, not all of them directly related to the foreclosure problem. One big risk is “putbacks,” the faulty loans banks could be forced to repurchase. JPMorgan puts that cost at up to…
Two years after Lehman Brothers collapsed and put the financial crisis into meltdown mode, Wall Street and the financial industry are still struggling to rebuild from the ashes. But as the economy recovers, are bank stocks good buys? Here are the bull and bear cases for three of the nation’s biggest banks.
Continue reading Face-Off on Stocks: Bank of America, JPMorgan Chase, Citigroup
Face-Off on Stocks: Bank of America, JPMorgan Chase, Citigroup originally appeared on DailyFinance on Mon, 13 Sep 2010 10:45:00.
Filed Under: Investing, JP Morgan Chase, Bank of America, Stock Picks, Citigroup, Video