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JPMorgan vs. U.S. Bancorp: Which Bank Stock is a Better Buy?

Stock MarketsNov 29, 2021 06:31PM ET
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© Reuters. JPMorgan vs. U.S. Bancorp: Which Bank Stock is a Better Buy?

Despite a continued low-interest-rate environment, the banking industry is rebounding, driven by a significant increase in financial transactions amid the holiday season. So, banking giants U.S. Bancorp (USB) and JPMorgan (JPM) should benefit. But which of these stocks is a better buy now? Read more to find out.Financial services holding company U.S. Bancorp (USB) provides various financial services in the United States. It operates in Corporate and Commercial Banking; Consumer and Business Banking; Wealth Management and Investment Services; Payment Services; and Treasury and Corporate Support segments. On the other hand, established financial services company JPMorgan Chase & Co. (NYSE:JPM) operates in four segments: Consumer & Community Banking; Corporate & Investment Bank; Commercial Banking; and Asset & Wealth Management.

Even though the near-zero interest-rate environment remains unchanged amid concerns over the pace of economic recovery, most banking stocks have rebounded this year, with rising financial transactions and capital market activities driving the non-interest component of their revenues. Moreover, the Federal Reserve said it could soon slow its large-scale purchases of government-backed bonds and indicated it might raise interest rates in 2022, which should help financial companies increase their interest income. According to Globe Newswire, the global financial services market is expected to grow at a CAGR of 9.9% and hit $22.5 trillion this year. As a result, both USB and JPM should benefit.

USB has gained 15% over the past nine months, while JPM has returned 10%. However, JPM’s 32.7% gain over the past year is higher than USB’s 28.7% return. Moreover, JPM is the clear winner with 27.4% gain versus USB’s 23.4% return in terms of year-to-date performance.

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JPMorgan vs. U.S. Bancorp: Which Bank Stock is a Better Buy?
 

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