Many of the big banks, including JPMorgan Chase, Bank of America (NYSE: BAC), and Wells Fargo & Co. (NYSE: WFC) are trading at attractive P/E ratios. That means that as long as the Federal Reserve continues to raise interest rates, banks still face the possibility that depositors will look to move their money. Yes, inflation is likely to continue falling from the 40-year highs it was at one year ago, but to believe it will go down to the Federal Reserve’s target rate of 2% seems unlikely anytime soon.