FMP
JPMorgan’s Price Target Boosted at Baird
May 21, 2024 1:25 PM - Davit Kirakosyan
Image credit: FMP
Baird analysts increased their price target on JPMorgan (NYSE:JPM) to $185 from $175 while maintaining a Neutral rating on the stock. The analysts noted that the takeaways from the recent investor day were not particularly eventful. The bank's updated 2024 net interest income (NII) guidance was expected, and the outlook for capital markets remained conservative.
The analysts attributed the day's weakness to a lack of enthusiasm for stock buybacks at current prices and a shorter CEO transition timeline. They agreed that repurchasing stock at approximately 2.25 times tangible book value (TBV) is not the best use of capital and still view the risk/reward profile of JPM as mildly unattractive at current prices.
Other Blogs
Jan 16, 2024 4:18 PM - Samuel Abdelshahid
Budget-Friendly Trading Laptops: Maximizing Value without Compromising Performance
In the hustle and bustle of the trading world, having a trustworthy laptop is like having a reliable partner by your side. Making well-informed decisions and staying ahead of market trends become second nature with the right device. However, the quest for a budget-friendly trading laptop t...
Jan 21, 2024 4:00 AM - Parth Sanghvi
Understanding Profitability Metrics: Exploring ROE, ROA, and Net Profit Margin
Introduction: In the world of financial analysis, a profound grasp of essential profitability metrics is vital. This blog delves into three pivotal metrics—ROE (Return on Equity), ROA (Return on Assets), and Net Profit Margin—offering clear insights without unnecessary complexity. Exploring RO...
May 14, 2024 11:41 AM - Sanzhi Kobzhan
The easiest way to calculate stock’s target price and why the target price is important.
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...
