Why JPMorgan Chase Rallied Today
Shares of JPMorgan Chase (NYSE: JPM) rallied 4% on Friday, well above the market's return.
The country's largest bank released its earnings today, which beat analyst expectations. Of course, past results don't matter that much, as investors are focused on the forward outlook in light of the administration's tariffs and potential trade war.
However, management increased its annual outlook for net interest income and also posted strong capital ratios. That might have provided some comfort for investors who bought the stock today after the recent market correction.
Source Fool.com
JPMorgan Chase & Co. Stock
€310.75
0.210%
The stock is one of the favorites of our community with 50 Buy predictions and 1 Sell predictions.
On the other hand, the target price of 303 € is below the current price of 310.75 € for JPMorgan Chase & Co., so the potential is actually -2.49%.
