These Analysts Raise Their Forecasts On JPMorgan Following Better-Than-Expected Q2 Earnings

Benzinga07-15 22:13

JPMorgan Chase & Co. (NYSE:JPM) posted better-than-expected earnings for the second quarter on Tuesday.

The bank reported adjusted earnings of $6.14 per share, topping the consensus estimate of $5.79. Managed revenue rose to $58.02 billion, ahead of analysts’ expectations of $50.20 billion.

JPMorgan raised its 2026 net interest income outlook to about $105.5 billion from $103 billion previously, or about $96.5 billion excluding Markets, up from its prior forecast of $95 billion. The bank also lowered its projected 2026 card services net charge-off rate to about 3.2% from 3.4%

JPMorgan shares rose 0.5% to trade at $344.59 on Wednesday.

These analysts made changes to their price targets on JPMorgan following earnings announcement.

  • Keefe, Bruyette & Woods analyst David Konrad maintained JPMorgan with an Outperform rating and raised the price target from $370 to $384.
  • Barclays analyst Jason Goldberg maintained the stock with an Overweight rating and raised the price target from $391 to $420.
  • Truist Securities analyst John McDonald maintained the stock with a Hold and raised the price target from $344 to $352.
  • Wells Fargo analyst Mike Mayo maintained JPMorgan with an Overweight rating and boosted the price target from $360 to $375.

Considering buying JPM stock? Here’s what analysts think:

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