Added to YB: 2024-03-28
Pitch date: 2024-03-27
JPM [bullish]
J.P. Morgan Structured Products B.V.
Author Info
No bio for this author
Company Info
J.P. Morgan Structured Products B.V. engages in the management and issuance of structured products in the Asia Pacific region, Europe, the Middle East, Africa, Latin America, and the United States.
Market Cap
N/A
Pitch Price
N/A
Price Target
300.00
Dividend
N/A
EV/EBITDA
N/A
P/E
N/A
EV/Sales
N/A
Sector
Financial Services
Category
value
JPMorgan Chase: The Fed Put May Propel Shares To New Records
JPM: Bullish stance; strong buy with >$300/share PT at ~20x P/E, similar to S&P 500 multiple. Bull run +15.6% YTD, beating SP500 +10%. Tailwinds: Fed's dovish pivot & rate cuts may bolster bank lending. 2024 net interest income likely $82-84B; investment banking set to surge (M&A, ECM, DCM) with $3-4B revenue increase. JPM gains vs Peers constrained by losses, restructures. Added $60B deposits in 2023, acquired First Republic cheap. Risks mitigated by 'Fed put', shifting investor risk perception; financials favorable.
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