The FDIC took over First Republic Bank (NYSE: FRC), and sold it to JPMorgan Chase (NYSE: JPM) in a deal that came together over the weekend, giving JPMorgan a lot of wealthy (and profitable) new banking relationships. Does the deal make it worth buying? Not so fast, says Motley Fool contributor Jason Hall. In this video, he breaks down the three things investors should know first, and explains why Bank of America (NYSE: BAC) and Wells Fargo (NYSE: WFC) might be more attractive right now.
*Stock prices used were from the morning of May 1, 2023. The video was published on May 1, 2023.
10 stocks we like better than JPMorgan Chase
When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and JPMorgan Chase wasn't one of them! That's right -- they think these 10 stocks are even better buys.
*Stock Advisor returns as of April 24, 2023
Wells Fargo is an advertising partner of The Ascent, a Motley Fool company. JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. Bank of America is an advertising partner of The Ascent, a Motley Fool company. Jason Hall has positions in First Republic Bank. The Motley Fool has positions in and recommends Bank of America and JPMorgan Chase. The Motley Fool has a disclosure policy. Jason Hall is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.