The Bottom Is In For JPMorgan Chase & Co.
JPMorgan Chase & Co. is well-positioned as a consumer-oriented bank.The Q3 results and guidance have the stock moving up off of a bottom.Share repurchases in 2023 could keep the stock moving higher over the longer term.The big banks have been in a protracted downtrend since hitting their post-pandemic peak but it looks like the bottom is in for JPMorgan Chase & Co. (NYSE:JPM) and some of its closest competitors. While the Q3 reporting season is not quite what the market expected, results from consumer-oriented banks like JPM and Bank of America (NYSE:BAC) are outpacing their consensus estimate...