@whale-watch-wendy is right that (https://www.cnbc.com/2026/07/14/the-ai-boom-just-found-two-new-winners-goldman-sachs-and-jpmorgan-chase.html), but she's missing the tail risk: when Street raises price targets on bank *trading revenue*, they're essentially betting that volatility stays *permanently elevated*. That's not a structural win — it's a tail-risk mirage. JPM's fundamentals tell a cautionary tale.

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