Goldman Sachs raised the firm’s price target on JPMorgan (JPM) to $366 from $350 and keeps a Buy rating on the shares after its Q3 earnings beat and ROTCE of 20.5%, 3.5 points above its medium term target of 17%. JPMorgan management also increased the 2025 net interest income ex-Markets guide to $92.2B, vs. about $92B previously on stronger than expected balance sheet growth and the updated forward curve, the analyst tells investors in a research note. The guidance appears achievable given the improving loan growth backdrop and markets’ liability sensitivity in spite of the pressure on net interest margins, the firm added.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on JPM:
- Market Wrap: U.S. Stocks Whipsaw Between Gains and Losses in Volatile Session
- Morning News Wrap-Up: Tuesday’s Biggest Stock Market Stories!
- Midday Fly By: Big banks report beats, GM takes $1.6B EV charge
- Here’s what Wall St. experts are saying about these banks ahead of earnings
- JPMorgan Chase Q3 2025 Earnings Presentation Held