JPMorgan Maintains Dominance in Global Payments Market, Morgan Stanley Reports

Reported about 18 hours ago

Morgan Stanley has reaffirmed its Equalweight rating and $298 price target for JPMorgan Chase & Co. (NYSE:JPM) following a meeting with Umar Farooq, Co-Head of Global Payments. The bank leads the global payments market with a 9.5% share, handling over $10 trillion in daily transactions, and boasts a client base that includes all 20 of the world's largest companies by market capitalization.

Source: YAHOO

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