JPMorgan Analysts Slash Their Forecasts After Q1 Results
Portfolio Pulse from Avi Kapoor
JPMorgan Chase & Co. reported better-than-expected Q1 earnings with net revenue of $42.5 billion and EPS of $4.63, surpassing consensus estimates. Despite positive results, shares fell 6.5% after the announcement. Analysts from Oppenheimer and BMO Capital adjusted their price targets slightly downwards. The company remains cautious about future economic uncertainties, including geopolitical tensions and inflationary pressures.
April 15, 2024 | 1:07 pm
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JPMorgan Chase & Co. exceeded Q1 earnings expectations but saw a 6.5% share price drop and minor price target adjustments by analysts.
The share price drop and analyst price target adjustments reflect market reactions to JPMorgan's earnings report and future economic concerns. Despite positive earnings, the cautious outlook and minor price target reductions suggest potential short-term pressure on the stock.
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