Where Will JPMorgan Chase Be in 1 Year?
Given the current economic environment and analyst projections that there won't be much significant change in that environment a year from now, the banking sector will likely continue to face challenges in 2021. The recession could continue given the uncertainty related to the COVID-19 pandemic. Interest rates will remain low and will probably be in the 0% range, as the Federal Reserve has indicated. These two factors alone don't bode well for an industry that largely moves in tandem with the country's GDP and interest rates.
But if there is an outlier among the major U.S. banks during this current time of uncertainty, it would be America's largest bank, JPMorgan Chase (NYSE: JPM). JPMorgan has been the best-performing big banks over the past decade-plus, including the Great Recession, and has outperformed its competitors in several key metrics during the current recession.
So, where will JPMorgan Chase be this time next year?
Source Fool.com
