08:06 AM EDT, 04/02/2024 (MT Newswires) -- JPMorgan Chase's ( JPM ) ratings outlook was upgraded to positive from stable by S&P Global Ratings (SPGI), with S&P saying in a note late Monday that JPMorgan ( JPM ) was "well positioned" to report peer-beating results due to its business strength and diversification.

"During the past decade, JPM has successfully consolidated market share across multiple loan types and services, and generated solid earnings under diverse economic conditions," the report said.

The company's market share lets it generate high pricing power, achieve economies of scale and customer selection, S&P added.

Additionally, JPMorgan's ( JPM ) financial strength enabled it to acquire most of the assets of First Republic from the Federal Deposit Insurance Corporation at an "attractive price," bolstering its wealth management business, the credit rating agency said.

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