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Investing.com - TD Cowen raised its price target on JPMorgan (NYSE:JPM) to $350.00 from $336.00 on Wednesday, while maintaining a Buy rating on the stock. The banking giant, currently trading near its 52-week high of $296.40, has delivered impressive returns with a 21.48% gain year-to-date. According to InvestingPro analysis, the stock appears to be trading above its Fair Value.
The price target increase follows JPMorgan’s strong second-quarter 2025 results, which featured robust fee income growth that contributed to a revenue beat.
JPMorgan also increased its net interest income (NII) outlook for fiscal year 2025 by $1 billion, while simultaneously raising its expense guidance by $0.5 billion.
TD Cowen noted that JPMorgan maintains "very healthy capital levels" and remains well positioned to continue driving peer-leading growth in the financial sector.
The firm acknowledged that while JPMorgan shares trade at a premium compared to peers, TD Cowen views the stock as attractive given what it describes as JPMorgan’s "best in class mix of businesses."
In other recent news, JPMorgan Chase & Co. reported impressive financial results for the second quarter of 2025, surpassing analysts’ expectations. The company’s earnings per share (EPS) reached $4.96, exceeding the forecasted $4.48, while revenue amounted to $44.9 billion, slightly above the anticipated $43.86 billion. Despite a 10% year-over-year decline in revenue, JPMorgan maintained strong profitability, achieving a net income of $15 billion. Additionally, the company announced dividends on eight series of its outstanding preferred stock, with further details available on its Investor Relations website.
Analysts have shown confidence in JPMorgan’s performance, with the firm maintaining a robust return on tangible common equity (ROTCE) of 21%. The bank continues to focus on strategic investments, particularly in digital banking and international payment systems. JPMorgan’s competitive position remains strong, holding an 8.9% share in the investment banking market. The bank’s strategic investments and solid performance across its trading desks have contributed to its resilience in challenging market conditions. These recent developments highlight JPMorgan’s ability to outperform expectations and reinforce its position as a leading financial institution.
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