JPMorgan Chase Earns Top Rating from Morningstar

JPMorgan Chase is considered one of the highest-quality financial stocks to own by Morningstar.

The research firm assigned JPMorgan a 'Wide' Economic Moat rating, citing its market leadership across business lines, wide economic moat, and adept capital allocation as reasons for its bullish stance.

Morningstar believes long-term investors should be ready to buy the stock now on a pullback, noting that a premium price tag has likely left valuation-focused investors on the sidelines.