I am already heavily exposed to financials but seeing how JPM, MS and some smaller banks I hold have been hit the last few weeks, I would call this a screaming buy. If JPM was not already more than 10% of my total portfolio I would immediately buy more today.
These are rock solid businesses and what I often see wished for on Reddit. PEs below 15, actually as of today below 10 for JPM. 3% dividend. Strong balance sheet and earnings. Solid growth prospects.
If anyone is looking for some solid buys, particularly in areas that are not currently overvalued, scope out the hard hit financials.
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