Bank of Rich Countries: Morgan Chase is on track to be the first " trillions of dollars bank"

According to the Bank of Rich Countries, Chase Morgan is expected to benefit from a number of positive factors and to be the first bank with a market value exceeding $1 trillion. The banks of the rich countries maintained a “plus” rating for Chase Morgan and recently increased their target share price from $375 to $390, which means more than a 7 per cent increase over last Friday's closing price. In a client's report on Thursday, analyst Mike Mayo stated: “Morgan Chase's first-class investment capacity will not only help it to break the $1 trillion market value mark, but is also expected to reach $2 trillion over the next seven to eight years.” Meo wrote: “Morgan Chase has performed well in both offensive and defensive terms over the past decade, increasing its market share in all major areas of business while optimizing its operations, maintaining its steady profitability vis-à-vis other global banks and building its `hard balance sheet' as defined by its Chief Executive Officer.” (King X)