BMO Capital keeps a Market Perform rating and $205 price target on JPMorgan after its Q2 results. The company delivered a capital markets-driven earnings beat as a late-quarter surge in capital markets activity helped investment banking fees grow 50% and trading revenues grow 11% from last year, though investors were disappointed that JPMorgan’s net interest income guidance was not raised, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on JPM:
- Opening Day: Icon, EShallGo make public debut as StubHub delays IPO
- JPMorgan price target raised to $240 from $226 at BofA
- JPMorgan Chase & Co. Reports Earnings: Did it Beat Estimate Forecasts?
- JPMorgan price target lowered to $224 from $227 at Goldman Sachs
- JPMorgan Chase Q2 Earnings Insight and Investor Guidance
