Summary:
- JPMorgan Chase reports strong Q2 earnings, surpassing expectations.
- Wall Street remains optimistic with a consensus "Outperform" rating.
- GuruFocus estimates indicate potential downside according to GF Value.
JPMorgan Chase (JPM, Financial), a leader among major U.S. banks, continues to dominate with an impressive market value of $794.32 billion. The financial powerhouse recently announced its second-quarter earnings and revenue, both of which exceeded analyst forecasts. Additionally, the bank has raised its net interest income forecast for 2025. Despite the notable 19.1% increase in its share price this year, CEO Jamie Dimon remains cautious about growing competition within the sector.
Wall Street Analysts Forecast
The consensus among 23 analysts for JPMorgan Chase & Co (JPM, Financial) forecasts a one-year average target price of $298.00, with a high expectation of $350.00 and a low of $196.34. This average target suggests an upside potential of 4.26% from the current trading price of $285.82. For investors seeking more detailed estimates, further information is available on the JPMorgan Chase & Co (JPM) Forecast page.
From the perspective of 26 brokerage firms, the average brokerage recommendation for JPMorgan Chase & Co (JPM, Financial) currently stands at 2.4, placing it in the "Outperform" category. This rating is based on a scale where 1 indicates a Strong Buy and 5 denotes a Sell recommendation.
GuruFocus GF Value Estimation
According to GuruFocus estimates, the projected GF Value for JPMorgan Chase & Co (JPM, Financial) in a year's time is $212.56. This reflects a projected downside of 25.63% from the current price of $285.82. The GF Value represents GuruFocus' assessment of the stock's fair trading value, calculated by considering the historical trading multiples, past business growth, and future business performance projections. Interested investors can access a more comprehensive dataset on the JPMorgan Chase & Co (JPM) Summary page.
