RBC Capital analyst Gerard Cassidy keeps an Outperform rating and $330 price target on JPMorgan (JPM) after its Q4 results. The company continues to deliver best-in-class results while its diversified business model combined with the billions of dollars of investments made over the last decade have resulted not only in a fortress balance sheet but also a highly profitable diversified banking model, the analyst tells investors in a research note. JPMorgan is also well positioned to handle the Basel III endgame re-proposal when it is released by the Federal Reserve, the firm added.
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