Morgan Stanley analyst Betsy Graseck downgrades $JPMorgan (JPM.US)$ to a hold rating, and adjusts the target price from $220 to $224.
According to TipRanks data, the analyst has a success rate of 47.5% and a total average return of 3.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $JPMorgan (JPM.US)$'s main analysts recently are as follows:
The expectation is for net interest incomes of America's Banks to experience a decline in the third quarter, by an average of 4%, attributed to delayed deposit repricing and continued subdued loan growth, which is anticipated to overshadow the repricing of fixed assets. Net interest income is only projected to show an upward trend in the second quarter of 2025. Recent months have seen a decrease in concerns regarding charge-offs, especially in credit card and commercial real estate sectors, yet the possibility of banks continuing to build reserves remains.
The pace of interest rate cuts is anticipated to be beneficial for the net interest margins of mid-cap banks and presents a more complex scenario for larger banks. There appears to be a greater potential for net interest margin surprises within the sector, but less so for JPMorgan. The expectation is for negative operating leverage in the coming year, prompting a more cautious stance following the stock's recent strong performance.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
