JPMorgan Chase is poised to become the first bank to reach a $1 trillion market capitalization, with its value potentially increasing to $2 trillion within the next seven to eight years, said Wells Fargo analyst Mike Mayo in an August 16 report. The bank raised its price target for JPMorgan Chase from $375 to $390, implying an upside of over 7%. JPMorgan Chase's stock has risen 21% in the past three months, driven by record profits from a surge in trading and M&A activities, bringing its market cap to $965 billion.