Wells Fargo Reiterates a Buy on JPMorgan Chase & Co. (JPM), Keeps the PT

​JPMorgan Chase & Co. (NYSE:JPM) is one of the Most Profitable Stocks to Buy Now. On November 13, Mike Mayo from Wells Fargo reiterated a Buy rating on JPMorgan Chase & Co. (NYSE:JPM) with a price target of $13. Earlier on November 12, Erika Najarian from UBS raised the price target on the stock from $350 to $357 and maintained a Buy rating.

​Analyst Erika Najarian of UBS praised the company’s use of artificial intelligence to enhance its revenue streams. She noted that the company is focusing on creating new revenue-generating opportunities with generative AI, particularly in the consumer banking, pricing, credit, and fraud prevention space.

​In addition, the analyst also pointed to JPMorgan Chase & Co.’s (NYSE:JPM) proprietary data assets as a strategic edge for the company. She believes integration of this data allows management to make more informed decisions to boost revenue generation.

​Earlier, on October 14, the company released its fiscal Q3 2025 results. The revenue grew 8.85% year-over-year to $46.43 billion, surpassing estimates by $852.32 million. The EPS of $5.07 also topped the consensus by $0.20. Management attributed revenue growth to higher market revenues and higher fees from asset management, investment banking, and payments.

​JPMorgan Chase & Co. (NYSE:JPM) is a global financial services firm that provides a wide range of banking and investment services. It operates through segments including Consumer & Community Banking, Commercial & Investment Banking, and Asset & Wealth Management.

While we acknowledge the potential of JPM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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