JPMorgan Analysts Raise Their Forecasts Following Upbeat Q2 Results
Portfolio Pulse from Lisa Levin
JPMorgan Chase & Co. reported better-than-expected Q2 results with net revenue of $42.4 billion, up 34.1% YoY, beating the consensus of $38.96 billion. Adjusted EPS was $4.37, surpassing the consensus of $3.99. Following the announcement, Credit Suisse and Oppenheimer increased their price targets on JPMorgan.
July 17, 2023 | 1:21 pm
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POSITIVE IMPACT
JPMorgan's better-than-expected Q2 results led to a rise in its stock price and an increase in price targets by Credit Suisse and Oppenheimer.
JPMorgan's strong Q2 results, which surpassed expectations, have led to a positive sentiment around its stock. This is reflected in the stock price rise and the increased price targets by Credit Suisse and Oppenheimer, indicating a potential upward trend in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100