Truist lowered the firm’s price target on JPMorgan (JPM) to $323 from $330 and keeps a Hold rating on the shares as part of a broader research note on Regional and Universal Banks. Despite the macro concerns and structural issues that have been dragging down sentiment on bank stocks lately, including war, rates, stagflation, AI displacement, and private credit, the recent updates on the quarter have been fairly positive, and the tone from management teams sounds constructive on the full year ahead, the analyst tells investors in a research note.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on JPM:
- Shield AI to acquire Aechelon, raise $2B at $12.7B valuation
- Nvidia-backed startup Reflection looks at $25B valuation, WSJ says
- Nvidia-Backed Reflection AI Targets $25B Valuation—What It Means for AI Investors
- JPMorgan initiated with a Hold at Jefferies
- Regional Bank ETFs Under Pressure as Ohio CD Rates Hit 4% and Investors Flee to Gold