According to Wells Fargo, JPMorgan Chase has a rosy prospect. Wells Fargo analyst Mike Mayo repeated his overweight rating on JPMorgan Chase shares and raised his price target to $ 320 from $ 300. His updated prediction means that the share could collect 20%. “In the past decade, JPMorgan Chase excelled in both attack and defense, in which the market share has won in all major business lines, while optimizing its company, has consistent income compared to other global banks and creating a 'Fort -Balans' (as defined by the CEO). “JPM should reflect our 'Goliath' theme, because it is expected that a greater attack will play with EST. Current market share profits and improve operational efficiency.” JPM YTD Mountain JPM YTD card Mayo has renewed the trust in the ability of JPMorgan Chase to generate new deposits. New branches would ultimately help the bank's income, and justify its premium appreciation. “It has opened many more new branches than all other banks (> 900 versus> 200 for BAC and> 100 for FITB) and more than the rest of our universe combined. We now have more faith in the herbs of the branches that help the win,” Mayo added. JPMorgan also remains the “Goliath of Goliaths” as one of the top bank choices in categories such as customers, retail deposits and maps, per Mayo. The bank currently has $ 4.4 trillion in assets and $ 173 billion in income. JPMorgan shares have added 11% this year. Analysts are somewhat divided into the stock. LSEG -data show that 14 out of 26 of those who cover the bank rate, a purchase or strong purchase. The remaining 12 have a hold -rating on shares.
