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JPMorgan Chase Will Still Be the Best Bank Stock to Own

JPMorgan

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Here's how longer term investors should be thinking about the Jamie Dimon-led bank:

Factor 1 :JPMorgan is likely to stay aggressive in buying back its stock this year. Following bank stress test results in June, JPMorgan announced a $20.7 billion stock repurchase plan. Couple stock buybacks with rising net interest margins thanks to higher interest rates, JPMorgan stands to blow Wall Street's profit forecasts away this year.

Factor 2:Namely as it pertains to the Volcker Rule. With regulatory relief, comes cost savings and more opportunities for growth.

Factor 3:Credit Suisse thinks that with regulatory relief, could come opportunities for JPMorgan to consolidate its market share in the middle market likely through deals.

Source:CNBC

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