UBS raised the firm’s price target on JPMorgan (JPM) to $305 from $277 and keeps a Buy rating on the shares post the Q1 report. The company “once again flexed its earnings muscle,” producing a trading-driven revenue beat and increasing its consolidated net interest income guide by $500M, the analyst tells investors in a research note. UBS increased estimates, saying JPMorgan’s stronger revenues and heavier than expected buybacks in Q1 offset higher provisions.
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