Morgan Stanley analyst Betsy Graseck said that if a so-called soft landing is achieved with interest rates remaining high for longer, the largest U.S. bank would benefit from higher net interest income, as well as higher fees and improved efficiency, and the stock is an “undervalued rate-related stock.” JPMorgan’s market capitalization is expected to more than double to $1 trillion by 2030, cementing the latter’s position as the largest bank by market capitalization in the United States.