TD Cowen raised the firm’s price target on JPMorgan (JPM) to $375 from $370 and keeps a Buy rating on the shares. The firm met with management and came away noting the Commercial Investment Bank (CIB) is following a playbook to drive share gains in each business while also continuing to make smart strategic investments, the moat is deepening. Along these lines, the bank today owns one of the most valuable strategic assets in the industry via its scaled operating platform, Kinexys.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on JPM:
- JPMorgan launching MONY fund on Ethereum blockchain, WSJ reports
- JPMorgan (JPM) CEO Jamie Dimon Comments on the Fed Chair Candidates
- Why Michael Burry Sees Weakness in the U.S. Banking System
- Mixed options sentiment in JPMorgan with shares up 2.36%
- Visa Stock (V) Jumps 6% on Bank of America ‘Buy Rating’