ℹ️ How are these calculated?
🎯 Investment Thesis
JPMorgan is the undisputed king of US banking — $823B mcap, record earnings, dominant in every major banking line. At 13x forward PE, cheaper than most AI stocks for a company generating $55B+ net income. Barclays Overweight $391, KBW Outperform $363, CICC Outperform $355. Jamie Dimon's last years as CEO add succession premium. 10% below ATH ($337) after a pullback creates entry. Fell 2.6% today — better entry than yesterday.
⚠️ Key Risk
Truist Hold $331 — not everyone bullish at these levels. At $303, still expensive by historical JPM standards. Credit cycle risk if recession materializes — loan losses would spike. Regulatory scrutiny always present. Consumer banking revenue under pressure from fintech competition. CEO succession uncertainty when Dimon eventually departs.
By The Numbers
Event Impact
JPM invests heavily in AI/tech ($17B+/yr) but is a consumer, not an AI infrastructure provider.
Geopolitical risk drives market volatility which boosts trading revenue. Safe-haven bank.
Quantum computing research for cryptography and portfolio optimization.
Some international banking exposure. Trade uncertainty is net negative for deal flow.
THE rate-sensitive bellwether. Net interest income benefits from higher rates. Steeper yield curve = wider NIM. Trading revenue benefits from volatility around Fed decisions. $823B mcap is the financial sector anchor.
No energy grid relevance.
Treasury market-maker. Rising debt issuance = more trading revenue. Fiscal uncertainty drives market volatility that benefits trading desk. Bond-sensitive through massive Treasury/MBS holdings.
Price Targets
Upcoming Catalysts
Competitive Landscape
Company Background
Traces to 1799 (Aaron Burr founded a bank that merged into Chase). Jamie Dimon has led JPM since 2005, turning it into the world's most profitable bank. Survived 2008 better than any peer.