Business

JPMorgan Chase named one of Goldman’s top investment ideas

The financial overhang from the “London Whale” and regulatory probes is about to be history for JPMorgan Chase.

The huge bank led by CEO Jamie Dimon is one of only two large financial institutions on Goldman Sachs’ top investment ideas for 2014.

Goldman bank analyst Richard Ramsden has a buy rating on JPMorgan, with a price target of $65.

JPM closed Wednesday at $57.19, just weeks after wrapping up its $13 billion settlement with the Justice Department.

Ramsden’s report indicates that the bank has “significantly reduced legal overhang.”

US Bancorp, which was upgraded to buy and added to the firm’s so-called “conviction buy list,” joined JPMorgan on the list.

Ramsden is betting that loan underwriting among banks will pick up as consumers rush to take advantage of low rates before an expected spike in the new year as the Federal Reserve prepares to end its easy-money policies.