JPMorgan Chase Stock Gains Analyst Favor After Strong Q3 Earnings
JPMorgan Chase (JPM) shares drew renewed Wall Street attention following a third-quarter earnings beat, with multiple analysts raising price targets despite a brief dip in the stock. The banking giant reported a 12% year-over-year profit increase and 9% revenue growth, fueled by robust trading performance, rebounding investment banking fees, and steady consumer demand.
Goldman Sachs analyst Richard Ramsden lifted his target to $366, citing improved balance sheet growth and loan conditions. Morgan Stanley's Betsy Graseck maintained a cautious stance, nudging her target to $338 while retaining a Hold rating over valuation concerns.