JPMorgan Chase has been a winner in the banking sector, and Jefferies expects that trend to continue.
On Tuesday, it gained more than 1% before the bell JPM YTD mountain JPMorgan Chase has climbed more than 8% in 2023.
"While JPM has been an absolute and relative outperformer in 2023, its combination of balance sheet strength, strong liquidity positioning, and best in-class earnings generation potential continue to position the bank well," analyst Ken Usdin said.
He also said the addition of First Republic to JPMorgan's balance sheet could further juice earnings — while higher fees also strengthen the banks position.
JPMorgan Chase is slated to report second-quarter earnings Friday before the bell.
Persons:
JPMorgan Chase, Jefferies, JPM, Ken Usdin, Usdin, CNBC's Michael Bloom
Organizations:
JPMorgan, Jefferies, P Bank ETF, First
Locations:
First Republic