Truist analyst John McDonald lowered the firm’s price target on JPMorgan (JPM) to $261 from $264 and keeps a Hold rating on the shares. The firm is adjusting its model after the company’s Q1 results, estimating higher revenues for 2025 but marking its net interest income estimate closer to the bank’s $94.5B guide, the analyst tells investors in a research note. Truist also sees a stronger assumed markets growth for JPMorgan, but with weaker Investment Banking and asset/wealth management fees.
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