JPMorgan Chase Q2 Results Were Best Of 3 Big Banks Reporting: ‘But Numbers Are Distorted By $7.8B Visa Gain’
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Shares of JPMorgan Chase & Co (NYSE:JPM) recovered in early trading on Monday, after tanking on Friday, following the second-quarter results.
The results came amid an exciting earnings season. Here are some key analyst takeaways from the release.
- Oppenheimer analyst Chris Kotowski maintained an Outperform rating, while raising the price target from $215 to $221.
- Piper Sandler analyst Scott Siefers reaffirmed an Overweight rating, while lifting the price target from$220 to $230.
- RBC Capital Markets analyst Gerard Cassidy reiterated an Outperform rating and price target of $211.
Check out other analyst stock ratings.
Oppenheimer: JPMorgan Chase’s quarterly results were on the “high side of the expected range, but not enough to make us meaningfully change our 2025 estimates,” Kotowski wrote in a note. The earnings came in at $6.12 per share, topping consensus of $5.88, “but the numbers are distorted by a $7.8B Visa gain and a $1.0B …
Full story available on Benzinga.com
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