JPMorgan price target raised to $260 from $248 at RBC Capital

RBC Capital analyst Gerard Cassidy raised the firm’s price target on JPMorgan (JPM) to $260 from $248 and keeps an Outperform rating on the shares as part of its broader research note reviewing Q4 results by some of the large-cap banks. Net interest income growth and higher net interest margins, combined with strong growth capital markets revenues, drove the better than expected revenue and EPS growth, credit quality trends remained benign and manageable, and capital levels were strong and are comfortably above the regulatory required levels, suggesting stock buybacks will be prominent in 2025, the analyst tells investors in a research note.