These Analysts Revise Their Forecasts On JPMorgan After Upbeat Q3 Results
Portfolio Pulse from Avi Kapoor
JPMorgan Chase & Co. reported better-than-expected Q3 FY24 earnings, with revenue and EPS surpassing consensus estimates. Despite a slight decline in net income, the bank raised its FY24 net interest income forecast. Analysts revised their price targets for JPMorgan, with most increasing their targets.
October 14, 2024 | 6:04 pm
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JPMorgan Chase & Co. reported strong Q3 earnings, exceeding revenue and EPS expectations. The bank raised its FY24 net interest income forecast, and analysts have adjusted their price targets, mostly upwards.
JPMorgan's better-than-expected earnings and raised net interest income forecast are positive indicators for the stock. Analysts' upward revisions of price targets further suggest confidence in the company's performance, likely leading to a positive short-term impact on the stock price.
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IMPORTANCE 90
RELEVANCE 100