JPMorgan Chase Just Delivered a Knockout Quarter, but Can the Stock Keep Rising?
There was very little to dislike about JPMorgan Chase's (NYSE: JPM) second-quarter earnings report.
The largest bank in the U.S. by assets reported nearly $14.5 billion in profits on revenue of $41.3 billion, blowing past consensus estimates. Profits grew 67% year over year, while revenue jumped 34%.
JPMorgan Chase also significantly raised its full-year guidance, giving investors everything they could want and then some. But with the shares already trading at a premium valuation, can the stock keep rising from here? Let's take a look.
Source Fool.com
JPMorgan Chase & Co. Stock
€185.88
0.350%
The stock is an absolute favorite of our community with 34 Buy predictions and no Sell predictions.
With a target price of 202 € there is a slightly positive potential of 8.67% for JPMorgan Chase & Co. compared to the current price of 185.88 €.
