JPMorgan Chase: Buy For 2023 And Beyond


  • JPMorgan closed FY 2022 with approximately $46.2 billion of pre-tax earnings, which is the second highest income for the bank in over a decade.
  • On the backdrop of a likely rebound in investment banking activity, paired with a strong net interest rate margin, I am bullish for JPM’s FY 2023.
  • Personally, I update my EPS expectations for the largest US bank through 2025; and I now calculate a fair implied share price equal to $219.25.
JPMorgan Chase Operations Center. JPMorgan Chase and Co. is the largest bank in the United States I



I have previously argued that JPMorgan Chase (NYSE:JPM) stock is a buy. And given the bank’s exceptionally strong 2022 performance, I am confident to reiterate my bullish thesis. Investors should consider that in 2022, JPMorgan has

Disclosure: I/we have a beneficial long position in the shares of JPM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: Not financial advice.

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