JPMorgan could reach $US1 trillion market value by 2030: MS

Co.’s market capitalisation has a chance to more than double and hit $US1 trillion by 2030, according to Morgan Stanley analysts, reinforcing its position as the most valuable US bank.where interest rates stay higher for longer, America’s biggest lender stands to benefit from stronger net interest income, plus improved fees and efficiencies, Morgan Stanley’s Betsy Graseck wrote in a note. The stock is “an underappreciated rate play”, she said.

JPMorgan is currently valued at $US410 billion after a 4 per cent gain in the stock so far this year. It was 0.9 per cent higher to $US140.85 at 2.15pm in New York on Friday amid a general sell-off. Graseck’s optimism contrasts with often cautious comments from JPMorgan’s chief executive officer Jamie Dimon, who said on Thursday that the economy has “some scary stuff” to face.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Investment banks sweat the mediumInvestment banks like Goldman Sachs and JPMorgan have strict policies around bankers using encrypted apps, but bankers can still turn to WhatsApp for immediate needs.
La source: FinancialReview - 🏆 2. / 90 Lire la suite »

Investment banks sweat the mediumInvestment banks like Goldman Sachs and JPMorgan have strict policies around bankers using encrypted apps, but bankers can still turn to WhatsApp for immediate needs.
La source: FinancialReview - 🏆 2. / 90 Lire la suite »