J.P. Morgan: Banking-Stock Maverick?

With its lower-than-average p-e ratio and a promising global market, it's one outfit that could produce some pleasant surprises

With inflation worries mounting and the Federal Reserve still signaling increases in short-term interest rates, buying a bank stock is practically heresy on Wall Street this earnings season. Professional investors equate higher rates with squeezed bank profits, falling loan demand, and a slumping financial sector.

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