share_log

JPMorgan's 'Magnificent Seven' — Bank Version: These Stock Picks Have 'Strong Upside Potential'

Benzinga ·  May 6 15:55

JPMorgan analystSteven Alexopouloshas identified seven bank stocks poised for significant growth in the current market landscape. He's referred to these picks as "our 'Magnificent Seven'".

JPMorgan's Magnificent Seven Bank Stock Picks

Alexopoulos' picks from among mid- and small-cap banks, and his views (summarized) on them are as follows:

  • First Citizens BancShares Inc (Delaware) Class A(NASDAQ:FCNCA): Despite a challenging VC environment in 1Q24, First Citizens' acquisition of SVB has stabilized deposit balances and increased new deposits, indicating potential growth in the future. The bank's asset-sensitive balance sheet could benefit from potential Fed rate...
Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment