April 1 (Reuters) - S&P Global on Monday revised the

rating outlook of JPMorgan Chase ( JPM ) to 'positive' from

'stable', citing the strength of its sprawling

lending-to-trading business that has outperformed peers.

"JPM has successfully consolidated market share across

multiple loan types and services, and generated solid earnings

under diverse economic conditions," it said.

JPMorgan ( JPM ), the largest U.S. bank by assets, closed 2023 with

its best-ever annual profit and forecast higher-than-expected

interest income for 2024 in January, even as its fourth-quarter

profit fell.

The bank's stock has climbed 17% so far this year, through

previous close. The S&P 500 Banks Index, tracking a

basket of large-cap bank stocks, has climbed about 14.4% over

the same period.

"JPM has been able to post peer-leading industry

profitability and returns, and grow its tangible book value by

more than 9% annually since 2004, well ahead of peers," S&P

said.

The bank is set to report first-quarter results next week

alongside rivals Bank of America ( BAC ), Wells Fargo ( WFC )

and Citigroup ( C/PN ).

The upbeat outlook stands in contrast to smaller regional

banks. S&P had downgraded the outlooks of a raft of regional

lenders late last month, citing their commercial real estate

(CRE) exposures.