Have Battered Banks Gotten Too Cheap? Jamie Dimon Thinks So, Buys JPMorgan Shares

To hear JPMorgan Chase tell it, the U.S. economy looks pretty good and the bloodbath in the oil market over the last year-plus isn't causing any undue pressure on its balance sheet. The bank's chief executive put some money behind those claims this week, buying $26.6 million of stock in what has been viewed as a vote of confidence in the bank's strength.