** JPMorgan Chase JPM.N raised its net interest income forecast for 2025 after strong results in investment banking and trading helped it surpass profit expectations for the second quarter

** Median PT of 26 brokerages covering the stock is $303, according to data compiled by LSEGSUPERIOR, BUT VALUATION FEELS RICH ** BofA Global Research ("buy", PO: $340) says it's difficult to imagine any scenario, good or bad, in which JPM would fundamentally underperform peers for a prolonged period ** KBW ("outperform", PT: $330) says "JPM has cracked the code on scale, leading to a higher and more durable return profile, while front foot investing and the benefits from deregulation only widen its competitive moat to peers" ** Citigroup ("neutral", PT: $275) expects continued growth across loans and deposits as well as incrementally better deposit repricing trends to support stronger net interest income ** However, Citigroup flags that JPM's valuation "feels rich", given the mild market reaction to a very strong print ** HSBC ("reduce," PT: $259) continues to see JPM maintaining "best-in-class" profitability and leadership positions across its businesses ** But brokerage says the bar is high for JPM and it struggles to justify the company's current valuation ** Morningstar (fair value: $235) says bank has gone from strength to strength in the past decade and has an enviable competitive position, but the recent levels of relatively high profitability are unlikely to be maintained in the long run

(Reporting by Joel Jose in Bengaluru)

((joeljose@thomsonreuters.com))