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Tim Travis
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Tim Travis is a veteran deep value investor and money manager. Travis has extensive experience in traditional investments such as stocks and bonds, in addition to having a unique methodology of combining options and distressed investing with value investing to generate income, reduce risk, and... More
My company:
T&T Capital Management
My blog:
T&T Capital Management Blog
My book:
Learn to Treat Your Portfolio as a Business
  • JP Morgan Tightens Bond Grip As Whale Loss Weighs-Bloomberg 0 comments
    Jul 2, 2012 5:41 PM | about stocks: JPM, BAC, C

    Corporations are issuing debt aggressively taking advantage of these record low interest rates. JP Morgan (NYSE:JPM) is taking advantage of their tremendous financial strength and is gaining market share as the number one underwriter. Because JP Morgan has been able to stay in tact after the "Great Recession" they have benefited greatly as their competitors have been forced to retrench, and cut staff more aggressively. JP Morgan has incredible earnings power so as the issues with this trading loss are resolved, I'd expect to see the stock do quite well. I do however believe that both Bank of America (NYSE:BAC) and Citigroup (NYSE:C) offer a better value do to the much cheaper valuations.

    http://www.bloomberg.com/news/2012-07-02/jpmorgan-tightens-bond-grip-as-whale-loss-weighs.html

    Disclosure: I am long BAC, C.

    Stocks: JPM, BAC, C
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