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Top analyst Mayo hikes JPMorgan price target, calls bank a 'Goliath on steroids'

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A person on a scooter rides past a JPMorgan Chase & Co. bank branch in New York, U.S., on Thursday, June 11, 2020.
Jeenah Moon | Bloomberg | Getty Images

JPMorgan Chase is well-positioned to take full advantage of an improving U.S. and global economy, Wells Fargo analyst Mike Mayo said in a note on Friday.

Mayo hiked his price target for the bank stock, calling JPMorgan a "Goliath on steroids." Mayo is the top Wall Street analyst covering large-cap banks, according to Institutional Investor.

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