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Bank of America Raises JPMorgan Chase Price Target to $420 After Strong Q2 Earnings

2026-07-16 12:13:42

JPM-1.09%

According to CNBC, Bank of America raised JPMorgan Chase's price target to $420 from $408 on July 16, implying 21% upside from Wednesday's close. The firm reiterated its buy rating following the bank's stronger-than-expected second-quarter results.

JPMorgan reported adjusted Q2 earnings per share of $6.14, beating Wall Street's estimate of $5.85, while revenue of $52.42 billion exceeded the expected $50.19 billion.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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