JPMorgan Chase & Co. (NYSE:JPM) reported its Q3 results, with quarterly EPS coming in at $3.52, beating the consensus estimate of $2.93, primarily driven by better-than-anticipated net interest income and a significant provision benefit.

Analysts at RBC Capital raised their price target to $175 from $160 on the company, and maintained their outperform rating, mentioning that all segments exceeded their expectations with its Corporate & Investment Bank having the strongest outperformance.

Assuming the economy continues to expand throughout 2021, the brokerage expects the company to steadily drive its earnings power with loan growth associated with the strengthening of the economy.