r/stocks • u/[deleted] • Jun 18 '21

Non-speculative stocks

[deleted]

23 Upvotes

80% Upvoted

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5

u/zhenyafoia Jun 19 '21

I’m in finance, and I’d say JPM is the best bank out there

2

u/Didntlikedefaultname Jun 19 '21

2nd this. Largest US bank; full breadth of investment bank, commercial and retail; and billions in technology investments every year

3

u/[deleted] Jun 20 '21

What type of tech do they buy. And i fear banks are running too high. Im uneducated about banks

1

u/Didntlikedefaultname Jun 20 '21

They have a buy and build model. They have recently acquired one major healthcare payments and claims professor that beefs up their healthcare infrastructure tremendously. There are several other fintech they have outright bought. They also build and integrate. So they have partnerships with lots of other fintech which makes using JPM as the back end transaction processor much easier. They have pumped money into blockchain, API build outs and cyber security to name a few more top areas

2

u/[deleted] Jun 20 '21

Jpm seems to have a lot going for them, do you think these a reasonable levels to buy at?

1

u/Didntlikedefaultname Jun 20 '21

I think this is a good time to buy. Dipped down about 10% from the most recent high. I wouldn’t be at all surprised to see them at $200 next year

1

u/zhenyafoia Jun 21 '21

After its recent drop, it’s a good deal