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Benzinga
Benzinga
World
Joel Elconin

Why JPMorgan Stock Could Have More Upside Potential Than The S&P 500 With Inflation Data Ahead

JPMorgan JPM Inflation JPMorgan Chase NYSE US Federal Reserve

After a spectacular 2021 in which it gained 29%, JPMorgan Chase & Co (NYSE:JPM) is suffering along with the S&P 500 index and is down 24% at $120.70.

Obviously, the fears of a potential recession and the impact on loan growth is outweighing the benefit of rising interest rates for the bank stock.

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