JPMorgan Analysts Boost Their Forecasts Following Upbeat Earnings

Core Insights - JPMorgan Chase & Co. reported strong third-quarter results with a net income of $14.4 billion, or $5.07 per share, representing a 12% year-over-year increase, surpassing the analyst estimate of $4.84 per share [1] - The company's sales reached $47.12 billion, exceeding expectations of $45.39 billion, with managed revenue rising 9% [1] - Net interest income increased by 2% to $24.1 billion, while noninterest revenue climbed 16% to $23.0 billion [1] Management Commentary - Chairman and CEO Jamie Dimon noted signs of softening in job growth but emphasized the overall resilience of the U.S. economy, while highlighting uncertainties related to geopolitical conditions, tariffs, trade, elevated asset prices, and inflation risks [2] Stock Performance - Following the earnings announcement, JPMorgan shares rose by 2.3% to $309.00 [2] Analyst Ratings and Price Targets - Morgan Stanley analyst Betsy Graseck maintained an Equal-Weight rating on JPMorgan Chase and raised the price target from $336 to $338 [4] - Barclays analyst Jason Goldberg maintained an Overweight rating and increased the price target from $330 to $342 [4]