This Bank Stock Beat the S&P 500 in the First Half of 2024. Is It Still a Buy?

There's a reason the country's single biggest banking name is holding up against a headwind.In theory, this isn't a great time to own bank stocks. Although high interest rates make lending money a more profitable business, the persistent inflation these high rates are meant to curb is bad for the economy, and it crimps demand for most basic banking services.In reality, however, most banks (and their stocks) are doing well. Shares of JPMorgan Chase (JPM 1.20%) logged a gain of more than 21% during the first ...