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Benzinga
127 days

JP Morgan Is A Quality Core Holding But Analyst Presently Favors Bank Of America, Citi, US Bancorp

1. JPMorgan revenue rose 8% Y/Y, beating expectations. 2. Analysts foresee rising charge-off rates and declining asset management revenues. 3. CEO Jamie Dimon cited economic turbulence affecting outlook. 4. Kotowski prefers stocks like BAC, C, and USB over JPM. 5. JPM stock dropped 0.23% after earnings report.

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FAQ

Why Neutral?

While JPM's performance is strong, broader economic concerns and analyst preferences diminish USB's upside.

How important is it?

Insights from JPMorgan's earnings provide context for USB’s market position but are mixed in sentiment.

Why Short Term?

Immediate market reactions to earnings reports and economic forecasts could influence USB in the near term.

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