Goldman Sachs Reiterates Buy on J.P. Morgan Chase (JPM)

Goldman Sachs is out with its report today on J.P. Morgan Chase (NYSE: JPM), reiterating Buy.

In a note to clients, Goldman Sachs writes, "We reiterate our CL-Buy as we continue to believe the market is under-appreciating the $6+ of earnings power the franchise is capable of. With its shares trading at less than 9X its core run rate of about $4.80, we continue to believe there is significant upside potential."

Goldman Sachs has a $54 PT on JPM.

At the time of posting, shares of JPM were trading pre-market at $46.02, down 0.50% from Wednesday's close.