JPMorgan Analysts Raise Their Forecasts Following Upbeat Q2 Results

JPMorgan Chase & Co. (NYSE: JPM) reported better-than-expected second-quarter financial results.

JPMorgan reported net revenue (managed) of $42.4 billion, up 34.1% year-over-year, beating the consensus of $38.96 billion. Adjusted EPS was $4.37, beating the consensus of $3.99.

JPMorgan shares rose 0.6% to close at $149.77 on Friday, and lost 0.2% in today’s pre-market trading session.

These analysts made changes to their price targets on JPMorgan following earnings announcement.

• Credit Suisse increased the price target on JPMorgan from $160 to $170. Credit Suisse analyst Susan Roth Katzke maintained the stock with an Outperform rating.
• Oppenheimer increased the price target on JPMorgan from $212 to $227. Oppenheimer analyst Chris Kotowski maintained an Outperform rating.

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