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Stocks slump, big banks beat and LA’s housing market standstill 10/14/22

Power Lunch

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Is JP Morgan the Best in the Capital Markets?

We think that outside of Bank America, which right now doesn't have quite as great a balance sheet as JP Morgan, we like JPM the best. City is more exposed internationally probably and we're still not sold on necessarily a huge European recovery. It's a huge South American recovery. You've seen really, really poor performance out of Latin American countries. They have much deeper penetration in Main Street America.

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