Goldman Sachs analyst Richard Ramsden maintains $JPMorgan (JPM.US)$ with a buy rating, and adjusts the target price from $224 to $237.
According to TipRanks data, the analyst has a success rate of 66.4% and a total average return of 12.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $JPMorgan (JPM.US)$'s main analysts recently are as follows:
The expectation is that net interest incomes may decline further in Q3 by an average of 4%, as deposit repricing lags and loan growth remains lackluster, overshadowing fixed asset repricing. Net interest income is only anticipated to show a positive turn in Q2 of 2025. Additionally, while concerns regarding charge-offs, especially in credit card and commercial real estate sectors, have lessened recently, banks might still see a continuation in reserve accumulations.
The acceleration of interest rate reductions is seen as beneficial for the net interest margin among mid-cap banks, while the implications for larger banks are varied. There appears to be greater potential for unexpected positive outcomes in net interest margins within other areas of coverage compared to JPMorgan. The anticipation of negative operating leverage in the coming year is leading to a more cautious approach following the stock's recent strong performance.
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