Bullish Revisions Follow JPMorgan's Beat-And-Raise Quarter, BMO And Oppenheimer Weigh In
Portfolio Pulse from AJ Fabino
JPMorgan Chase & Co's shares are trading higher following two revised analyst ratings after the bank issued earnings that beat expectations. The bank reported earnings of $4.37 per share, ahead of the $3.99 estimates, on revenues of $42.2 billion. Analysts from Oppenheimer and BMO have maintained an outperform rating but raised the price target from $212 to $227 and $160 to $170 respectively.
July 17, 2023 | 2:32 pm
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JPMorgan's shares are likely to rise in the short term due to positive earnings and revised analyst ratings.
The bank's earnings beat expectations, which is a positive signal for investors. Additionally, the revised analyst ratings from Oppenheimer and BMO, both maintaining an outperform rating and raising the price target, indicate a positive outlook for the stock.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100