JPMorgan could reach $1 trillion market value by 2030, says Morgan Stanley

Shares of the lender fell about 0.7% in premarket trading Friday morning, putting the stock on track to close lower by more than 2% this week

JPMorgan Chase & Co.’s market capitalization has a chance to more than double and hit $1 trillion by 2030, according to Morgan Stanley analysts, reinforcing its position as the most valuable US bank.
 

In the event of a so-called soft landing for the economy where interest rates stay higher for longer, America’s biggest lender stands to benefit from stronger net interest income, plus improved fees and efficiencies, Morgan Stanley’s Betsy Graseck wrote in a note. The stock is “an underappreciated rate play,” she said.

Graseck sees the $1 trillion market-value landmark being reached in 12 years’ time if interest rates