• About
  • Meet The Team
  • Privacy Policy
Monday, January 25, 2021

Stocks Telegraph
  • Login
  • Home
  • Featured
  • Investing
  • Morning News
  • Mid Day Movers
No Result
View All Result
Stocks Telegraph
No Result
View All Result

Shares of JPMorgan and Goldman Sachs: Are These Worth To Buy Now

by Shan Zee
December 22, 2020
in Featured
Share on FacebookShare on Twitter

After successful stress tests, shares of the largest US banks soared. The findings of the second such study (since the beginning of the pandemic) have been announced by the Fed: the banking sector has proven to be sufficiently robust to endure a fall in income of up to $600 billion. And in each of the key scenarios: from a rapid reduction in credit payments in the short term, to a gradual and prolonged crisis. In this respect, the regulator relaxed the dividend payment limits, which were carried out following the results of the summer stress tests.

JPMorgan Chase and Goldman Sachs shares went up dramatically following the news, which increased from 3 percent to 6 percent even before the start of the main session on Monday. According to the Fed, banks built loan loss reserves totaling $100 billion during the crisis, which is a multiple of the worst-case scenario. This made it possible for future payments to free up some of the money. In the first quarter of 2021, previously postponed dividends and buybacks are planned. At their own discretion, banks are permitted to set the payment bar. JPMorgan straightaway reported a $30 billion buyout in next year.

Statements were issued by JPMorgan and Morgan Stanley, saying they intended to restart share buybacks beginning next quarter. Citi and Goldman said that next year they plan to restart such purchases. Brian Moynihan, CEO of Bank of America, has said that his company plans to buy back stock as soon as it is permitted. According to Bloomberg, the six biggest U.S. banks could repurchase as much as $11 billion of stock in the first quarter under the current distribution policy.

After a fresh wave of growth, the stocks of the largest U.S. banks remain undervalued. JPMorgan Chase is now worth $123, for instance, which is less than 1 percent of its fair value. Goldman Sachs looks more interesting: $250 with up to 6 percent upside. However, in our view, they can be purchased much cheaper on the horizon of the next quarter. We foresee a correction of at least 7 percent on the horizon in these shares before the end of winter.

Get The Best Stocks To Trade Every Day!

Join now to get the Stockstelegraph.com pre-market morning brief 100% free

Tags: Goldman Sachs StockGS StockJPM StockJPMorgan ChaseJPMorgan Chase & Co.JPMorgan stockNYSE: GSNYSE: JPMThe Goldman Sachs Group

Related Posts

iBio (IBIO) Announces Deal With Safi Biosolutions To Develop Cytokines And Growth Factors
Featured

3 of the Best Biotech Stocks to Buy for 2021

January 25, 2021
Featured

Top Cyclical Stocks to Watch For in 2021

January 23, 2021
Top Performers Markets Awaits News from Congress and the Federal Reserve
Featured

GameStop (GME) Stock Continues to Spike Days after the Appointment of Ryan Cohen

January 22, 2021
Top 3 Reasons Why AzurRx Biopharma Inc [AZRX] is Gaining Bullish Momentum
Featured

Fluidigm (FLDM) Stock Gives Green Signal as it obtains CE-IVD ‎Mark for Its COVID-19 Test

January 22, 2021
Tesla Inc (NASDAQ:TSLA) Stock Is Soaring. Here’s Why.
Featured

Jaguar Health (JAGX) Closes its $6M Promissory Notes, What’s Next for JAGX Stock?

January 21, 2021
Top 3 Big Data Stocks for long-term Investment
Featured

Top 3 Big Data Stocks for long-term Investment

January 21, 2021
Next Post
20 Trending Stocks In Software – Infrastructure Industry You Should Be Holding Now

11 Notable Stocks form Electrical Equipment Industry

Looking for $1 Stock? BIOLASE (BIOL) is a Decent Bet

by Ali Hassan
January 21, 2021
0

The dental device firm is bullish and looks solid for long-term growth. The medical device firm, BIOLASE Inc. (BIOL) had...

Read more

Early Morning Vibes: The 4 Best Stocks To Buy Now

9 Trending Stocks in Travel Services Industry That Can Be A Good Bets
by Shan Zee
January 20, 2021
0

On January 19, American stock indexes finished trading in the green zone. The S&P 500 Index rose 0.81% to 3799...

Read more

Early Morning Vibes: Top 4 Stocks To Watch Right Now

Why Tesla Inc (NASDAQ: TSLA) Stock Might Be A Great Pick?
by Shan Zee
January 19, 2021
0

For Martin Luther King Day, the U.S. treasuries were closed yesterday. In the meantime, on Wednesday, the Americans are waiting...

Read more

Early Morning Vibes: 4 Stocks We Like for Thursday

Energy Focus (NASDAQ: EFOI) Introduces Portfolio Of Germicidal UV-C Disinfection Products
by Hasnain R
January 21, 2021
0

On January 20, American stock markets closed at new all-time highs. The S&P 500 index rose 1.39% to 3852 points,...

Read more

GameStop (GME) Stock Continues to Spike Days after the Appointment of Ryan Cohen

Top Performers Markets Awaits News from Congress and the Federal Reserve
by Ali Hassan
January 22, 2021
0

Is the bull run going to end anytime soon, or should you invest in GME now? Investors are having a...

Read more
  • About
  • Meet The Team
  • Privacy Policy

© 2020 Stocks Telegraph - All Rights Reserved

No Result
View All Result
  • Home
  • Featured
  • Investing
  • Morning News
  • Mid Day Movers

© 2020 Stocks Telegraph - All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Get The Best Stocks To Trade Every Day!

Join now to get the Stockstelegraph.com pre-market morning brief 100% free

We do not sell or share your information with anyone.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.