Opinion on  JPMorgan Chase & Co (JPM)     Sector: Financial  >  Industry: Money Center Banks
JPM Will come out of this credit crunch a financial services powerhouse

It may take some time to realize the full potential of this stock, but with two rock bottom purchases in just over 3 months, JP Morgan is positioned to be a financial services powerhouse in the coming 12 to 18 months.  Combine the fire sale prices Jamie Dimon has paid for Bear Stearns and now Washington Mutual with the impending government financial services restructuring plan and only good things can happen to this stock.  These aquitions will prove to be acretive to earnings in the next several quarters and will bolster the investment banking operation and create the retail branch coverage that JP Morgan has long been looking for.