Morgan Stanley analyst Betsy Graseck raised the firm’s price target on JPMorgan (JPM) to $298 from $296 and keeps an Equal Weight rating on the shares. JPMorgan delivered a strong, 11% EPS beat vs. consensus and raised NII guidance, the analyst tells investors in a research note. Management highlighted uses of excess capital could include “potentially inorganic things,” but the bar would be high financially, strategically, and culturally, Morgan Stanley says.
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