Wells Fargo analyst Mike Mayo upgraded his JPMorgan Chase & Co. stock rating to overweight from equal weight on March 13, 2023. About the move, he said:
JPM epitomizes our theme of ‘Goliath is Winning’, which should benefit both offense (market share gains) and defense (more diversified) in these less certain times.
Obvious sentiment, but worth sharing. Goliath Is Winning in banking.
On a related note, here’s former Goldman chief Lloyd Blankfein with a similar big bank sentiment:
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments