Truist raised the firm’s price target on JPMorgan (JPM) to $268 from $260 and keeps a Hold rating on the shares as part of a broader research note updating the firm’s models after the first day of big bank earnings. The main drivers of the firm’s upside revision for the company are higher revenues and buybacks in FY25 and FY26 years, partially offset by higher provision expense, the analyst tells investors in a research note.
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