Bank of America Securities Raised the PT on JPMorgan Chase & Co (JPM), Keeps a Buy Rating

JPMorgan Chase & Co. (NYSE:JPM) is one of the 10 Best and Cheap Stocks to Buy Now. On June 18, Ebrahim Poonawala from Bank of America Securities reiterated a Buy rating on JPMorgan Chase & Co. (NYSE:JPM) while increasing the price target from $300 to $325. The analyst based his rating on the strategic market position and growth potential of the company.

Ebrahim Poonawala noted the company is focused on enhancing customer relationships and expanding product offerings in deposits, credit cards, and wealth management. Moreover, the company is also embedding its banking services as part of consumers’ everyday activities, Poonawala believes this is expected to increase customer engagement and activity. The analyst also likes the cheap valuation of JPMorgan Chase & Co. (NYSE:JPM), citing that the discounted price does not reflect its dominant market position.

JPMorgan Chase & Co. (NYSE:JPM) released its Q1 2025 earnings results in April. The company grew its revenue by 8.05% year-over-year to reach $45.3 billion. In addition, the ROE and ROCTE remained strong at 18% and 21% respectively.

JPMorgan Chase & Co. (NYSE:JPM) is an international financial services company. It provides a range of banking and investment services to customers of all sizes.

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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