JPMorgan Analysts Increase Their Forecasts After Upbeat Q3 Earnings

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

JPMorgan reported quarterly net revenue (managed) of $40.7 billion, up 21% Y/Y, beating the consensus of $39.57 billion. EPS was $4.33, beating the consensus of $3.96.

JPMorgan shares fell 0.3% to trade at $147.63 on Monday.

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

• Morgan Stanley increased the price target on JPMorgan from $187 to $191. Morgan Stanley analyst Betsy Graseck maintained an Overweight rating.
• Oppenheimer boosted the price target on JPMorgan from $215 to $233. Oppenheimer analyst Chris Kotowski maintained an Outperform rating.
• BMO Capital raised the price target on JPMorgan from $167 to $171. BMO Capital analyst James Fotheringham maintained a Market Perform rating.

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