JPMorgan Chase & Co
JPM: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|Xr | LOCK|GNG | LOCK|%&JTB^$V |
Dominant JPMorgan Franchise Continues to Fire on All Cylinders
Business Strategy and Outlook
JPMorgan is arguably the dominant bank in the US. With leading positions in investment, commercial, and retail banking, as well as valuable credit card and asset- and wealth-management franchises, it is a force to be reckoned with. The bank's combination of scale, diversification, and sound risk management seems like a simple path for carving out a durable competitive advantage, but few others have been able to execute a similar strategy.
