BofA raised the firm’s price target on JPMorgan (JPM) to $300 from $280 and keeps a Buy rating on the shares. Beyond the company’s Q4 earnings beat, there was commentary from Chairman and CEO Jamie Dimon indicating that he is likely to remain involved with the bank for a few more years, and from a shareholder perspective, a multi-year timeline and potential for a smoother transition reduces the risk of a kneejerk stock reaction due to Mr. Dimon’s departure, the analyst tells investors in a research note.
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