Analysts Maintain Mixed Ratings for JPMorgan Chase Amid Strong Performance

Analysts have varied views on JPMorgan Chase (JPM) following its recent performance, with some maintaining a Hold rating while others express a more optimistic outlook. Citi's Keith Horowitz and Morgan Stanley's Betsy Graseck both issued Hold ratings, citing limited upside potential despite the bank's robust capital position and recent earnings performance. In contrast, Phillip Securities and Bank of America analysts maintained Buy ratings, highlighting strong non-interest income growth and JPMorgan's strategic positioning as key drivers for future earnings. Bank of America slightly reduced its price target to $281 but still sees the bank as resilient amid macroeconomic challenges. Wells Fargo also reiterated a Buy rating with a target of $300, indicating confidence in JPMorgan's operational strength. Overall, while some analysts express caution, others see opportunities for growth within the bank's diverse revenue streams.