Truist raised the firm’s price target on JPMorgan (JPM) to $319 from $290 and keeps a Hold rating on the shares as part of a broader research note updating the firm’s models on U.S. Banks. The firm is boosting its EPS estimates for FY25 and FY26 by 20c per share to $19.55 and $20.20 thanks to the improved capital markets environment for investment banking, trading, and wealth/asset management, with some partial offsets in the provision line, the analyst tells investors in a research note.
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