JPMorgan (JPM) : Is It Time To Buy JPM ? πŸ«ΆπŸΌπŸŽπŸ‘ŒπŸ’ͺ🀩πŸ”₯

daz999999999
10-14 21:29
$JPMorgan Chase(JPM)$  


JPMorgan Chase & Co. (NYSE:JPM) on Tuesday posted downbeat results for the third quarter.

The company reported quarterly earnings of $5.75 per share which missed the analyst consensus estimate of $5.90 per share. The company reported quarterly sales of $50.907 billion which missed the analyst consensus estimate of $51.259 billion.

During earnings call, JP Morgan provided preliminary 2027 net interest income (NII) outlook, excluding Markets, of $107 billion. The company said this implies about $5 billion in growth versus the annualized fourth-quarter 2026 guidance.

JPMorgan shares fell 1.3% to $327.17 in pre-market trading.

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

Baird analyst David George maintained the stock with a Neutral and raised the price target from $305 to $312.

Morgan Stanley analyst Manan Gosalia maintained the stock with an Equal-Weight rating and raised the price target from $370 to $377.

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


JPMorgan Chase predicts that the global wafer equipment market will grow by 38% by 2027.
JPMorgan Chase released a research report predicting that the global wafer manufacturing equipment market will reach $225 billion in 2027, a year-on-year increase of 38%, with advanced process wafer foundry and DRAM as the main growth drivers. TSMC's capital expenditure is expected to reach $100 billion in 2028.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment