BUZZ-Truist lifts JPMorgan PT on improved capital markets environment
Reuters
Sep 24
BUZZ-Truist lifts JPMorgan PT on improved capital markets environment
** Truist raises JPMorgan Chase JPM.N PT to $319 from $290, a 2% upside on stock's last close
** Raises 2025 and 2026 EPS estimate to $19.55 and $20.20 respectively, reflecting improved capital markets environment for investment banking, trading and wealth/asset management
** Brokerage says new 2027 EPS estimate of $22.80 reflects low double digit YoY earnings growth
** 16 of 26 brokerages rate the stock "buy" or higher, eight "hold" and two "sell" or lower; their median PT is $317 - according to data compiled by LSEG
** Including session gains of ~1%, shares up nearly 31% YTD
(Reporting by Parth Chandna)
((Parth.Chandna@thomsonreuters.com;))
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