Goldman Sachs analyst Richard Ramsden maintains $JPMorgan (JPM.US)$ with a buy rating, and adjusts the target price from $224 to $237.
According to TipRanks data, the analyst has a success rate of 66.4% and a total average return of 12.2% 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 to persist in their decline during Q3, anticipating an average drop of 4% due to delayed deposit repricing coupled with subdued loan expansion, despite fixed asset repricing. Net interest income is only projected to pivot in the second quarter of 2025. Additionally, while apprehensions regarding charge-offs, especially within credit card and commercial real estate sectors, have eased lately, the possibility of continued reserve builds for banks remains.
A more rapid series of interest rate cuts is seen as beneficial for the net interest margins at mid-sized banks, while the impact on larger banks appears to be more varied. There appears to be greater potential for positive surprises in net interest margins within other areas under review, in comparison to JPMorgan. There is an anticipation of negative operating leverage in the following year, which has led to a more cautious approach following the stock's notable performance.
Note:
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