Goldman Trade Idea: "Buy JPM Calls ahead of Analyst Day"
Goldman's Richard Ramsden highlights JPM’s ability to gain share of deposit balances during macro volatility in Mar’23, continued favorable deposit betas, robust-and-improving capital ratios along with a
commitment to capital returns demonstrate the franchisee’s strength positioning it well for through-cycle returns and growth.
Analyst Day = 5/22/23
JPM 5/26 139C @ < $2.30 (Buying at discount; JPM Entry = 3.57)
Target = 145