Analyst Betsy Graseck of Morgan Stanley maintained a Hold rating on JPMorgan Chase (JPM – Research Report), retaining the price target of $235.00.
Betsy Graseck’s rating is based on JPMorgan Chase’s recent financial performance and strategic outlook. The bank reported a 6% adjusted EPS beat, largely due to increased trading activity and reduced expenses, though this was somewhat offset by a reserve build. The CET1 ratio remains robust at 15.4%, comfortably above the regulatory minimum of 12.3%.
Betsy Graseck adjusted the 2025 EPS forecast upward by 1% to $18.99, reflecting higher fee income and Markets NII, despite facing challenges like increased reserve build and expenses. The 2026 EPS projection was slightly reduced due to similar pressures. The price target remains unchanged at $235, applying a 12x target PE to the 2026 EPS. The cautious stance on the investment banking outlook and the need for broader regulatory relief are also factors influencing the Hold rating.
According to TipRanks, Graseck is a 4-star analyst with an average return of 2.7% and a 46.47% success rate. Graseck covers the Financial sector, focusing on stocks such as Wells Fargo, Citigroup, and JPMorgan Chase.
In another report released on April 8, Truist Financial also maintained a Hold rating on the stock with a $264.00 price target.