JPMorgan Chase: Private Banking Can Unlock More Upside

Seeking Profits
4.6K Followers
(11min)

Summary

  • JPMorgan's wealth management division is a key growth driver, with high returns and potential to unlock $12B+ in revenue by scaling First Republic's model.
  • The bank's core business remains robust, with rising deposits, loan growth, conservative reserve management, and strong capital ratios supporting future earnings.
  • Net interest income guidance is likely conservative; fewer rate cuts could provide a $2B+ earnings tailwind, further boosting results.
  • I value JPM at $292 per share, offering a 13% total return; continued wealth management growth justifies maintaining a buy rating.

JP Morgan Chase and Co

subman

Shares of JPMorgan Chase (NYSE:JPM) (NEOE:JPM:CA) (OTCPK:JPMLP) have been an excellent performer over the past year, gaining 33%, as the bank has benefitted from its superb balance sheet, elevated rates, and optimism about a lessened regulatory burden. Additionally, its

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