JPMorgan Stock Has 13% Upside, According to 1 Wall Street Analyst
JPMorgan Chase (NYSE: JPM) is the biggest bank in the world -- and it isn't even close.
Measured by market capitalization, JPMorgan's $578 billion valuation dwarfs that of its closest rival, Bank of America, by nearly 2x. But doesn't the "law of large numbers" work against it? If JPMorgan gets bigger, won't it be harder to post even more impressive growth?
Perhaps. But Jefferies analyst Ken Usdin says JPMorgan will grow 13% bigger and hit a stock price of $227 per share within a year.
Source Fool.com