Goldman Sachs lowered the firm’s price target on JPMorgan to $219 from $229 but keeps a Buy rating on the shares after its Q1 results. The company kept its 2024 net interest income outlook unchanged vs. broad-based expectations of an increase, also pointing to slightly higher 2024 expenses that were partially offset by stronger trading fees and a “cautiously optimistic” investment banking outlook, the analyst tells investors in a research note. The firm is also revising its FY24 EPS view by 13c to $16.20 and its FY25 view by 79c to $16.40.
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