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JPMorgan Private Bank CIO reveals favorite stocks

Richard Madigan
Giovanny Moreano | CNBC

Richard Madigan, who oversees $1 trillion as chief investment officer at JPMorgan Private Bank, believes two areas of the market that have fallen out of favor among investors present compelling buying opportunities.

One of those sectors is health care, which has lagged behind the market this year, but Madigan thinks investors may be overlooking the group's earnings potential and reasonable valuations.