Goldman Sachs lowered the firm’s price target on JPMorgan to $224 from $227 but keeps a Buy rating on the shares after its Q2 results. The company kept 2024 net interest income and adjusted expense guidance unchanged and pointed to a cautiously optimistic investment banking outlook, the analyst tells investors in a research note. The firm adds that it is reducing its 2024/2025/2026 EPS estimates change by up 2%, down 1%, and down 3% on lower capital return expectations.
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