Targa Resources (TRGP): U.S. First to Market

This is J.P. Morgan's North America Equity Research U.S. First to Market daily (02 October 2026), aggregating the day's notes. Large Cap Banks 3Q26 Preview: large bank stocks are down sharply (~15% from 52-week highs) on economy/inflation concerns and worries about AI's impact on deposits and deposit costs; higher rates should be positive for net interest income for most banks with only a small hit to capital ratios, while medium-term economy/inflation remains the key concern. Trust Banks 3Q26 Preview: trust bank stocks are down ~13% over six weeks;