Boutique investment bank KBW believes JPMorgan Chase and Morgan Stanley are primed to witness higher prices as conditions conspire to favor large US banks
In a new interview on CNBC Television, KBW head of US bank research Chris McGratty says the firm has upgraded its ratings for JPMorgan and Morgan Stanley to outperform, with price targets of $327 for JPM and $160 for MS.
According to McGratty, large banks are poised to benefit from easing regulations due to their scale-driven efficiency and consistent performance.
Trending: Gen. Flynn Publishes an Open Letter to Trump Regarding Epstein: ‘I Hesitated to Write This’
“You are seeing a re-rating. This re-rating has been occurring for the past couple of months. Deregulation is being built into earnings estimate upside scenarios, blue skies, and the reality is that the upside scenario is becoming the base-case scenario.
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!