Finally, the icing on the cake came in December, when the Fed did in fact boost the fed funds rate , albeit by only 25 basis points. This helped to consolidate the recent gains in bank stocks, including shares of JPMorgan Chase, as banks make more money when interest rates rise. In sum, while it’s easy to look at JPMorgan Chase’s 31% gain this year and think it was smooth sailing for banks, the multiple bumps along the way made such an outcome far from inevitable at many points throughout 2016. 10 stocks we like better than JPMorgan Chase When investing geniuses David and Tom Gardner have 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.* David and Tom just revealed what they believe are the 10 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. Click here to learn about these picks!
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