On Friday, Keefe, Bruyette & Woods analyst David Konrad increased the price target on JPMorgan Chase & Co. (NYSE:JPM) to $257 from the previous $254, while maintaining a Market Perform rating on the shares. The adjustment follows the firm's updated earnings estimates, citing higher net interest income (NII) and capital markets revenues which are expected to more than compensate for an uptick in associated expenses.
According to Konrad, a hypothetical 5% fluctuation in the earnings per share estimates would lead to a similar percentage change in the price target. This sensitivity underscores the importance of external economic factors and the company's performance in determining the value of JPMorgan stock. The bank has demonstrated consistent shareholder returns, maintaining dividend payments for 55 consecutive years, with the current dividend yield at 2.06%. The bank has demonstrated consistent shareholder returns, maintaining dividend payments for 55 consecutive years, with the current dividend yield at 2.06%.
According to Konrad, a hypothetical 5% fluctuation in the earnings per share estimates would lead to a similar percentage change in the price target. This sensitivity underscores the importance of external economic factors and the company's performance in determining the value of JPMorgan stock. The bank has demonstrated consistent shareholder returns, maintaining dividend payments for 55 consecutive years, with the current dividend yield at 2.06%.
According to Konrad, a hypothetical 5% fluctuation in the earnings per share estimates would lead to a similar percentage change in the price target. This sensitivity underscores the importance of external economic factors and the company's performance in determining the value of JPMorgan stock.
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