JPMorgan Gears Up For Q4 Print; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
JPMorgan Chase & Co. (JPM) is set to release its Q4 earnings on Jan. 12, 2023, with expected earnings of $3.36 per share, down from $3.56 a year ago, and projected revenue of $39.78 billion, up from $35.57 billion. CEO Jamie Dimon remains opposed to cryptocurrencies. The stock closed down 0.4% at $170.30. Analysts from Deutsche Bank, Oppenheimer, Piper Sandler, BMO Capital, and HSBC have recently updated their ratings and price targets for JPM.
January 12, 2024 | 7:48 am
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JPMorgan Chase is anticipated to report lower EPS in Q4 compared to last year, but higher revenue. Analysts have updated their price targets with mostly positive outlooks.
The anticipation of higher revenue suggests growth, which could positively impact the stock price. However, the decrease in EPS might temper gains. Analysts' upgrades and increased price targets generally indicate a positive outlook, which could influence investor sentiment and drive short-term price movement positively.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100