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Investing.com - Keefe, Bruyette & Woods has reiterated its Outperform rating and $330.00 price target on JPMorgan (NYSE:JPM) following a positive capital markets update from the bank.
KBW analyst Christopher McGratty noted that the "constructive update" for Investment Banking and Markets revenue suggests "solid upside" to both KBW and consensus estimates for the third quarter of 2025.
The firm believes the updated capital markets expectations could translate to approximately $0.17 per share upside to KBW estimates and $0.25 per share upside to consensus for the quarter, though the net impact would likely be about 50% of those figures after accounting for variable costs.
KBW highlighted JPMorgan’s "broad business momentum" and cited the benefits of "Scale, Consistency, and Deregulation" as supporting factors for their positive outlook on the bank.
During the update, JPMorgan management also addressed acquisition strategy, stating that while they continuously evaluate potential acquisitions, they "don’t feel they need to acquire anything" and do not feel compelled to pursue inorganic growth opportunities.
In other recent news, JPMorgan Chase announced a strong projection for its third-quarter market revenue, expecting a high-teens percentage increase year-over-year. This growth is attributed to robust performance across its fixed income, currency, and commodities businesses, particularly in securitized products, rates, and credit. Additionally, JPMorgan was involved in a minority co-investment with Ariel Alternatives for the acquisition of Groome Industrial Service Group, although financial terms were not disclosed. In another development, JPMorgan, alongside Mitsubishi UFJ Financial Group, is leading a $38 billion debt package to fund Oracle’s data centers in Wisconsin and Texas.
Furthermore, JPMorgan will pay $330 million to the Malaysian government to settle matters related to its involvement in the 1Malaysia Development Berhad (1MDB) scandal. This settlement resolves all issues connected to the scandal, as confirmed by both parties. Meanwhile, RBC Capital downgraded Xero Limited from Outperform to Sector Perform, citing potential negative impacts from JPMorgan’s proposed data and access fees for fintech payments in the U.S. These developments highlight JPMorgan’s active role in various financial and legal activities.
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