JPMorgan Chase & Co

JPM: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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JPMorgan Chase: Increasing Fair Value Estimate by 20%, but Shares Still Look Expensive to Us

Suryansh Sharma

Jul 7, 2025

JPMorgan Chase, arguably the highest-quality bank we cover, has gone from strength to strength in the past decade. Our valuation reassessment reflects the company's strengthened competitive position, prudent capital investments, and improved profitability potential.

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JPMorgan Chase & Co

JPMorgan Chase: Increasing Fair Value Estimate by 20%, but Shares Still Look Expensive to Us

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