On Oct 15, major Wall Street analysts update their ratings for $JPMorgan (JPM.US)$, with price targets ranging from $230 to $257.
Morgan Stanley analyst Betsy Graseck maintains with a hold rating, and maintains the target price at $237.
Barclays analyst Jason Goldberg maintains with a buy rating, and adjusts the target price from $217 to $257.
UBS analyst Erika Najarian maintains with a buy rating, and adjusts the target price from $241 to $251.
Evercore analyst Glenn Schorr maintains with a buy rating, and adjusts the target price from $211 to $230.
Oppenheimer analyst Chris Kotowski maintains with a buy rating, and adjusts the target price from $234 to $232.
Furthermore, according to the comprehensive report, the opinions of $JPMorgan (JPM.US)$'s main analysts recently are as follows:
After the Q3 report, it was noted that JPMorgan bettered its 2024 net interest income and expense projections. However, it is anticipated that net interest income will decrease and expenses will increase in 2025.
The firm highlights a high-quality performance across net interest income, fees, and expenses, with a better fourth quarter. It is believed that JPMorgan is positioned to deliver above-consensus net interest income excluding Markets, with a total net interest income projection for 2025, given the third quarter's performance and an increasing trend in balance sheet growth.
The company's third-quarter earnings surpassing expectations have been highlighted. Furthermore, it's been noted that the management's projections for net interest income and expense trajectory through 2025 are on the conservative side. The company also showcased commendable expense management, reporting costs that were significantly lower than the market anticipations.
The company continues to demonstrate superior results, leveraging its diversified business model and the substantial investments it has made over the past several years. This approach has not only fortified its balance sheet but also established a highly profitable and diverse banking model. Additionally, the company is poised to adeptly manage the forthcoming Basel III - endgame re-proposal from the Federal Reserve, suggesting that it will persist in delivering above-average profitability to its long-term shareholders.
The bank possesses a compelling narrative, bolstered by strong performance in trading, credit quality, and card volumes, among other positive factors. This positive outlook sustains a bullish stance on the stock, notwithstanding a minor adjustment in future expectations.
Here are the latest investment ratings and price targets for $JPMorgan (JPM.US)$ from 7 analysts:
Note:
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