JPMorgan Analysts Increase Their Forecasts After Upbeat Q3 Earnings
Portfolio Pulse from Lisa Levin
JPMorgan Chase & Co reported better-than-expected Q3 earnings with a net revenue of $40.7 billion, up 21% Y/Y, beating the consensus of $39.57 billion. EPS was $4.33, surpassing the consensus of $3.96. Despite the positive earnings, JPMorgan shares fell 0.3% to trade at $147.63. Post earnings, analysts from Morgan Stanley, Oppenheimer, and BMO Capital increased their price targets on JPMorgan.
October 16, 2023 | 5:07 pm
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JPMorgan reported strong Q3 earnings, beating expectations. However, its shares fell 0.3%. Analysts from Morgan Stanley, Oppenheimer, and BMO Capital have increased their price targets on JPMorgan.
JPMorgan's strong Q3 earnings report, which beat expectations, is a positive signal for the company. However, the slight drop in share price indicates a mixed market reaction. The increased price targets from analysts suggest a positive outlook for the company's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100