TD Cowen Confirms Buy Rating on JPMorgan Chase (JPM) on Continued Growth Trajectory

JPMorgan Chase & Co. (NYSE:JPM) is one of the best Goldman Sachs bank stocks. On June 11, TD Cowen reiterated a Buy rating on JPM with a $315 price target. The firm observed that JPMorgan maintains a record of "impressive organic growth momentum across its dominant businesses," indicated by its solid 41.4% return over last year and 13.32% YTD performance.

TD Cowen identified JPMorgan’s investments in artificial intelligence as a significant catalyst for long-term, exponential profitability. The firm also pointed to the bank’s growing presence in private credit as a promising avenue for expansion, noting JPMorgan’s financial resilience demonstrated by 55 consecutive years of maintaining its dividend.

The firm highlighted Jamie Dimon’s leadership, emphasizing that his presentation at the investor conference reinforced their view of him as one of the most distinguished bankers of his generation, which led to its bullish outlook on JPMorgan.

JPMorgan Chase & Co. (NYSE:JPM) is a global financial institution that specializes in offering banking, investment, and wealth management services to individuals, businesses, and governments worldwide.

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.

READ NEXT: Dow 20 Stocks List: Ranked By Hedge Fund Bullishness Index and 10 Unstoppable Dividend Stocks to Buy Now.

Disclosure. None.