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One analyst hasn’t been this bullish on JPMorgan since 2009 due to AI

Pelican Press

By Pelican Press,
in World News

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Steven Alexopoulos, TD Cowen U.S. large cap bank analyst, believes artificial intelligence has created a huge buying opportunity in his favorite bank picks like JPMorgan — one last seen in the aftermath of the Global Financial Crisis — even with some of the shares trading at record highs. The analyst said the focus of AI will widen out from the builders like Nvidia to companies that use the…

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