JPMorgan Gets Price Target Bumps By Analysts Following Upbeat Q1 Results

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

The bank reported Q1 net revenue (managed) of $39.3 billion, up 25% Y/Y, beating the consensus of $36.2 billion. EPS of $4.10 beat the consensus of $3.41.

JPMorgan shares jumped 7.6% to close at $138.73 on Friday and lost 0.1% in today’s pre-market trading session.

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

• Piper Sandler raised the price target on JPMorgan from $147 to $151. Piper Sandler analyst Scott Siefers maintained an Overweight rating.
• Wells Fargo boosted the price target on JPMorgan from $155 to $165. Wells Fargo analyst Mike Mayo maintained an Overweight rating.
• B of A Securities raised the price target on JPMorgan from $152 to $158. B of A Securities analyst Ebrahim Poonawala maintained the stock with a Buy rating.

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