JPMorgan price target raised to $300 from $281 at BofA

BofA raised the firm’s price target on JPMorgan (JPM) to $300 from $281 and keeps a Buy rating on the shares, telling investors that the bank’s investor day “provided plenty for the Street to like.” Beyond “superior execution,” the firm views the stock as offering an attractive risk/reward to gain exposure to several secular themes including private credit, wealth management, payments and digitization, AI-led efficiency gains, and unlocking earnings from a shift to a balanced regulatory backdrop, the analyst tells investors. Following the event, the firm revised EPS estimates for a higher revenue outlook, raising its FY25 and FY26 forecasts to $18.30 and $20.70 from $18.10 and $20, respectively.