JPMorgan Expands As Other Investment Banks Cut Back

JPMorgan Chase & Co. (NYSE:JPM) is not pulling back in the wake of economic uncertainty, according to a new report from Goldman Sachs Group, Inc. (NYSE:GS). While several other investment banks are currently trying to reduce their exposure, JPMorgan is continuing to expand its portfolio, which should be a source of growth going forward.

The report, authored by analysts Richard Ramsden, Ryan M. Nash, Daniel Paris, and Conor Fitzgerald, puts a price target of $52 on the investment bank's shares with a buy rating. The firm's shares closed Monday January 28 at $46.64,...