JPMorgan Gets Price Target Bumps By Analysts After Upbeat Q4 Earnings

JPMorgan Chase & Co JPM reported better-than-expected earnings for its fourth quarter on Friday.

The bank reported a 6% year-over-year increase in profit to $11.01 billion, or $3.57 per share, which beat the $3.07 estimate. Revenue increased 17% to $35.57 billion.

JPMorgan shares dropped 2% to trade at $140.09 on Tuesday.

These analysts made changes to their price targets on JPMorgan following the release of results.

• Piper Sandler boosted the price target on JPMorgan from $150 to $157. Piper Sandler analyst Scott Siefers maintained an Overweight rating on the stock.
• Morgan Stanley raised the price target from $153 to $167. Morgan Stanley analyst Betsy Graseck maintained the stock with an Overweight rating.
• Oppenheimer increased the price target on the stock from $169 to $177. Oppenheimer analyst Chris Kotowski maintained the stock with an Outperform.

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