Financial Stocks—Is it time to jump back in?

September 15, 2009

This week, it seems everyone has financial stocks on the brain. That’s not very surprising, seeing as today (September 15) marks the one-year anniversary of the day Lehman Brothers filed for bankruptcy, and the worst credit crisis in history threw the brakes on the global economy. But we’ve come a long way in those 12 months, and some banks teetering on the brink of ruin have seen share prices surge lately. Many of you are wondering if now is a good time to get into financials once more and whether these red-hot gains we’ve seen since the March lows will continue.

Well, in today’s Stock of the Week newsletter, I’ll tell you—and I’ll do it by using two very different financial firms as examples: JP Morgan Chase (JPM) and Citigroup (C).

We’ll recap what the past year has held for each of these picks, and then I’ll give you the future outlook for profits in these stocks and the rest of the sector. Let’s get to it!