Highlights

  • Royal Bank of Canada reaffirms JPMorgan’s buy rating with a USD 343 target price.
  • Wells Fargo and Bank of America raise price targets, reflecting analyst optimism.
  • JPMorgan posts quarterly EPS of USD 5.07, exceeding consensus estimates of USD 4.83.

 JPMorgan Chase & Co. (NYSE:JPM) has seen multiple updates from analysts over recent months. Royal Bank of Canada maintained its "buy" rating on the stock, setting a price objective of USD 343.00, indicating a potential upside of 13.54% from the current trading price. Other brokerages have adjusted their outlooks as well:

  • Wells Fargo & Company increased its target price from USD 325.00 to USD 345.00 and assigned an "overweight" rating.
  • Bank of America raised its price target from USD 330.00 to USD 340.00 with a "buy" rating.
  • Daiwa Capital Markets adjusted its target from USD 330.00 to USD 332.00 and rated the stock as "outperform."
  • Baird R W downgraded JPMorgan shares from "hold" to "strong sell."
  • Weiss Ratings reaffirmed a "buy (b+)" rating.

Currently, JPMorgan’s consensus rating stands at "Hold," based on data from MarketBeat.com. Out of 26 analysts covering the stock, 15 maintain a Buy rating, eight have assigned Hold, and three have a Sell recommendation. The consensus price target is USD 317.90.

Recent Financial Performance
For the quarter ended October 14th, JPMorgan Chase & Co. reported earnings per share (EPS) of USD 5.07, surpassing analyst expectations of USD 4.83 by USD 0.24. Quarterly revenue reached USD 46.43 billion, above the consensus estimate of USD 44.42 billion, reflecting an 8.8% increase from the same period last year. The company recorded a return on equity (ROE) of 16.93% and a net margin of 20.52%. Analysts project full-year EPS of USD 18.10 for the current fiscal year.