JP Morgan Chase & Co.
JP
position
long
Philippe Jabre
Thesis
In 2009, Jabre noted that he bought US banks, including JP Morgan, after hearing positive comments from the CEOs about their profitability, which signaled a buying opportunity as the market was overly pessimistic about the sector.
Did it work?
worked
confidence: high
The long thesis on JP Morgan was validated as the stock price increased by 1375.9% over 211 months, significantly outperforming the market. The positive comments from CEOs about profitability indicated a strong recovery in the banking sector, which indeed materialized over the long term.
Raw excerpt
No raw excerpt stored.