Keefe Bruyette analyst David Konrad says that for capital markets overall, JPMorgan’s guidance at a conference today is 21c per share light to KBW’s and 8c light to the consensus estimates for Q3. The firm has a Market Perform rating on the shares with a $211 price target. The stock in morning trading is down 7% to $202.27.
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:
- JPMorgan: No change in guidance for credit card net charge-offs
- JPMorgan’s Pinto says market expectations around 2025 NII too high
- JPMorgan’s Pinto says 2025 expense estimates too optimistic
- JPMorgan sees “solid” quarter for investment banking
- JPMorgan sees very solid capital markets performance in Q3