JPMorgan Recommends Customers Bancorp Inc (CUBI) Amid AI Deployment

Customers Bancorp Inc (NYSE:CUBI) is one of the top bank stocks to buy now according to analysts. Analysts have a consensus Strong Buy rating on CUBI stock and project more than 20% upside to the current share price.

JPMorgan Recommends Customers Bancorp Inc (CUBI) Amid AI Deployment

On July 1, JPMorgan lifted its price target on Customers Bancorp Inc (NYSE:CUBI) shares to $94 from $86 and kept an Overweight rating on the stock. The brokerage raised the bank’s target as part of its Q2 model adjustment across the small and mid-cap bank stocks group. According to JPMorgan, Q2 fundamental trends across the group show stable credit trends and growing loan and deposits.

Customers Bancorp is among the regional banks using AI agents to increase productivity and improve operational efficiency. The bank has inked a multiyear deal with ChatGPT maker OpenAI to help it automate lending and client onboarding processes. Its aim is to reduce loan timelines and grow the business without adding staff. The bank plans to repurchase $100 million of its stock over the next year.

Customers Bancorp Inc (NYSE:CUBI) is a top US regional bank with over $25 billion in assets. It offers banking and loan services to businesses, families, and individuals. The bank has footprints across multiple states, including Pennsylvania, Florida, Illinois, Massachusetts, and Texas.

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