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Background: JPM Now Cheaper Than BAC After the share price action this week, JPM is now cheaper than BAC on Price / Tangible Book Value (P/TBV) as well as other valuation metrics: JPM: 2.0x P/TBV ($71.53), 12.4x 2019 EPS, 2.7% Dividend Yield BAC: 2.1x P/TBV ($21.68), 13.2x 2019 EPS, 1.8% Dividend Yield (2019 EPS figures have been adjusted for buybacks.) We had been long-time holders of both JPM and BAC stock, but downgraded JPM to Neutral in April 2021, while keeping our rating on BAC as Buy:

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Safety Profile and Possible Side Effects Preclinical studies show BPC-157 was well-tolerated with no serious toxicity in mice, rats, rabbits, and dogs