(Updates with the analyst's commentary.)

BofA Securities raised JPMorgan Chase's (JPM) price target to $300 from $281 while maintaining its buy rating after its 2025 Investor Day.

Jamie Dimon will "likely" stay chief executive of the company for three to four years, which "reduces the single biggest idiosyncratic risk factor for the stock," analyst Ebrahim Poonawala wrote in a Tuesday note.

Management is aiming to optimize its return on equity profile and "seems open" to use its excess capital of about $57 billion towards mergers and acquisitions, Poonawala said.

JPMorgan has an average rating of overweight and mean price target of $271.36, according to analysts polled by FactSet.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

Price: 266.33, Change: +1.44, Percent Change: +0.55