NEW YORK (TheStreet) -- JPMorgan Chase (JPM) is analysts' top pick among the largest U.S. bank stocks going into 2015, handily beating peers such as Bank of America (BAC) , Citigroup (C) and Wells Fargo (WFC) , according to an analysis of Bloomberg data by TheStreet.
Thirty analysts have "buy" recommendations on JPMorgan, while 10 have "holds," and none have "sell" ratings on the stock. That is a better ratio than that of any of the other 10 largest U.S. banks by market cap. As a group, the 40 analysts tracked by Bloomberg have an average target price of $67.59 on the stock, reflecting projected upside of nearly 11%. JPMorgan is the largest U.S. bank by assets, with more than $2.5 trillion through the second half of 2014, according to Federal Reserve Data.
In a report published Thursday, Raymond James analysts Anthony Polini and Daniel Marchon cited JPMorgan's "attractive valuation, superior balance sheet strength, and league-leading investment banking platform," in reiterating their strong "buy" on the stock. They have a $72 target price on JPMorgan compared to its roughly $61 price in late trading Thursday, suggesting upside of 18%.
Another JPMorgan bull is RBC Capital Markets analyst Gerard Cassidy, who argues the giant lender is "the best managed money-center bank of its size." Money-center banks are lenders with a large global presence, such as Bank of America, Citigroup and Wells Fargo.