Jefferies analyst Ken Usdin raised the firm’s price target on JPMorgan to $227 from $215 and keeps a Buy rating on the shares. The firm expects a focus on market share gains, investment spending, and efficiency at JPMorgan’s investor day coming up on May 20, the analyst tells investors in a preview note. While noting that CET1 and ROTCE targets are unlikely to be updated until Basel 3 endgame rules are finalized, the firm says it believes JPMorgan has “ample excess capital and can sustain best-in-class returns regardless of the outcome.”
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