JPMorgan Chase (JPM) has promoted Conor Hillery and Matthieu Wiltz to co-lead its business across the expansive Europe, Middle East, and Africa (EMEA) region. This leadership change is a key part of the banking giant’s strategy to boost revenue from the region by nearly 20% by 2030.
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Hillery and Wiltz succeed Filippo Gori, who recently relocated to New York to focus on his role as co-head of the firm’s global banking division.
Tapping Into Europe’s Market Comeback
The bank is betting on Europe as its financial markets are bouncing back after years of lagging. This comes as global investors are shifting money away from the U.S. and toward Europe, partly due to concerns about how President Donald Trump’s potential policies might impact the U.S. economy.
Recently, JPMorgan upgraded its stance on Eurozone equities to “overweight” from “neutral,” citing improving fundamentals, policy support, and attractive valuations.
The bank highlighted that the Euro Stoxx 50 index has lagged behind the S&P 500 Index (SPX) by nearly 18% since its strong first-quarter rally. Importantly, JPMorgan sees this gap as a buying opportunity.
Is JPM a Buy, Hold, or Sell?
Turning to Wall Street, analysts have a Moderate Buy consensus rating on JPM stock based on 13 Buys, six Holds, and one Sell assigned in the past three months. Furthermore, the average JPMorgan price target of $323.44 per share implies 4.72% upside potential.
