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JPMorgan Chase & Co. (NYSE:JPM) ranks among the best financial stocks to buy according to billionaire Ken Fisher. Following an investor meeting with the bank’s Chief Data & Analytics Officer, UBS reaffirmed its Buy rating and $357 price target for JPMorgan Chase & Co. (NYSE:JPM) on November 12. The firm emphasized JPMorgan’s long-term lead in the practical use of AI, pointing out that the bank recently switched to generative AI for new applications.

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According to the meeting, JPMorgan’s use of AI is boosting revenue rather than saving costs. Speaking on its conviction regarding artificial intelligence, JPMorgan management stated that AI capabilities will someday become “table stakes” for financial organizations, similar to basic technology requirements like personal computers or internet access.

The LLM Suite, a proprietary platform driven by top third-party large language models (LLMs), is at the center of the bank’s AI revolution. The platform has automated several procedures and provided employees direct access to AI tools.

JPMorgan Chase & Co. (NYSE:JPM) is a multinational financial services company that offers investment banking in addition to consumer and small business financial services. It also offers commercial banking, asset management, and financial transaction processing.

While we acknowledge the potential of JPM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.