Truist maintained at Hold by JPMorgan, target raised on expected EPS rise

EditorRachael Rajan
Published 2025-01-16, 06:32 a/m
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JPM
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On Thursday, Truist Securities updated its financial outlook for JPMorgan Chase & Co. (NYSE: NYSE:JPM), increasing the bank's price target from $260.00 to $268.00 while maintaining a Hold rating on the stock.

The adjustment reflects an anticipated rise in earnings per share (EPS) for the coming years, driven by expected higher revenues and share buybacks.

Analysts at Truist Securities revised their estimates for JPMorgan's future earnings. They stated that "the main drivers of the revision are higher revenues and buybacks in both years, partially offset by higher provision expense. Our expense forecast is largely unchanged."

The bank's expense forecast remains largely consistent with previous estimates, according to Truist Securities. The analysts' model for 2025 net interest income (NII) aligns with JPMorgan's own guidance of around $94 billion.

The raised price target to $268 reflects a valuation of approximately 13.7 times the estimated 2026 EPS and about 2.6 times the year-end 2025 estimated tangible book value (TBV). This new price target represents an $8 increase from the previous target set by Truist Securities.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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