Stocks of six major banks covered by the firm still trade at only half their historical levels to tangible book value.
The Tennessee bank continues to unwind its legacy mortgage risk, as it focuses on growing its regional business.
JPMorgan has suffered $18 billion in 'unexpected losses' from two acquisitions, but they were worth it, says Goldman Sachs analyst Richard Ramsden.
Bank stocks were solid after the Senate Banking Committee approved Janet Yellen's nomination to head the Federal Reserve, setting up a Senate floor vote.
BAC will see $9B more in cost cuts and have plenty of excess capital even if hit by a JPM-like settlement, according to Atlantic Equities.
The U.S. Treasury plans to fully exit its bailout investment in General Motors by the end of the year.
Bank stocks fared better than the broad market on a mixed Wednesday for economic news.
With a big monkey off its back, the highly profitable JPMorgan should see its stock rise to a P/E valuation in line with peers.
Bank stocks fared better than the broad market on Tuesday, as JPMorgan Chase entered into a landmark $13 billion mortgage settlement with various government authorities.
These bank stocks, conservatively rated "A" by TheStreet Ratings, trade at relatively low price-to-earnings ratios.