JPM or BAC to buy?

**Between JPMorgan Chase & Co. (JPM) and Bank of America (BAC), JPM appears to be the better investment choice at the moment.** Here's why:

1. **Valuation Metrics**: JPMorgan Chase & Co. (JPM) has a more attractive valuation compared to Bank of America (BAC) when considering the P/E ratio. JPM's P/E ratio is 13.15, while BAC's P/E ratio is 16.11. A lower P/E ratio suggests that JPM may be undervalued relative to BAC.

2. **Recent Performance**: JPMorgan Chase & Co. (JPM) has underperformed the S&P 500 and other major indices over the past month, with a decline of 2.22% compared to the S&P 500's gain of 3.6%. On the other hand, Bank of America (BAC) has lost 7.6% over the last month, which is more than JPM's decline. This could indicate that JPM may have some catching up to do.
3. **Earnings Outlook**: Analysts have a more positive outlook for JPMorgan Chase & Co. (JPM) compared to Bank of America (BAC). JPM's earnings estimate for the upcoming quarter is $3.86 per share, which represents a 2.77% decrease from the corresponding quarter of the prior year. In contrast, BAC's projected EPS is $0.79, which is a 12.86% increase from the same quarter last year. This suggests that JPM may have a more stable earnings outlook.
4. **Industry Position**: Both JPMorgan Chase & Co. (JPM) and Bank of America (BAC) are in the Banks industry. However, JPM's larger market capitalization and more extensive global operations position it as a leader in the financial industry. This could be a positive factor for investors looking for stability and growth potential.
5. **Dividend Yield**: Bank of America (BAC) has a higher dividend yield than JPMorgan Chase & Co. (JPM). BAC's dividend yield is approximately 2.26%, while JPM's is not provided. A higher dividend yield can be attractive for income-focused investors.

In conclusion, while both banks have their strengths and weaknesses, JPMorgan Chase & Co. (JPM) appears to be the better investment choice due to its more attractive valuation, positive earnings outlook, and industry leadership. However, investors should consider their individual investment goals and risk tolerance when making a decision.