JPMorgan (JPM) Leads Global Payments Market, Says Morgan Stanley After Executive Meeting

JPMorgan Chase & Co. (NYSE:JPM) ranks among the best fundamental stocks to buy right now. Morgan Stanley reaffirmed its Equalweight rating and $298 price target for JPMorgan Chase & Co. (NYSE:JPM) on September 15, emphasizing the bank’s leading position in global payments. The affirmation comes after Morgan Stanley met with Umar Farooq, Co-Head of Global Payments at JPMorgan, whose division is part of the Commercial and Investment Bank business.

With over $10 trillion in average daily transaction values through its Treasury Services business, the bank is currently the largest correspondent bank in the world, accounting for 9.5% of the global payments market and 32% of U.S. large-cap banks.

According to Morgan Stanley, as of April 16, 2025, JPMorgan’s customer base comprises all 20 of the largest companies in the world by market capitalization, and the bank continues to hold the top spot in the US dollar SWIFT market share.

JPMorgan Chase & Co. (NYSE:JPM) is a multinational financial services company that offers investment banking in addition to consumer and small business financial services. It also offers commercial banking, asset management, and financial transaction processing.

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Disclosure: None. This article is originally published at Insider Monkey.