JPMorgan Chase & Co. (NYSE:JPM) ranks among the best financial stocks to buy according to billionaire Israel Englander. On January 14, Truist Securities boosted its price target for JPMorgan Chase & Co. (NYSE:JPM) to $334 from $331 while keeping a Hold rating. The rise follows JPMorgan’s fourth-quarter earnings, which revealed an EPS of $4.63, or $5.23 after accounting for a reserve buildup related to the Apple Card program.
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According to the results, JPMorgan Chase & Co. (NYSE:JPM) reaffirmed its 2026 net interest income (NII) estimate, excluding markets, at $95 billion, while introducing a revised total NII forecast of $103 billion, which is 2% higher than current market expectations.
Meanwhile, a week earlier, BofA Securities boosted its price target for JPMorgan Chase & Co. (NYSE:JPM) to $362 from $350, citing the bank’s solid footing across several business lines, including global markets, global private banking, and wholesale banking.
BofA Securities also emphasized the bank’s technological leadership in areas such as online banking and blockchain, which it believes offers “significant strategic optionality” for JPMorgan Chase & Co. (NYSE:JPM) to boost customer wallet share and tap new revenue sources.
JPMorgan Chase & Co. (NYSE:JPM) is a multinational financial services company that offers investment banking, in addition to consumer and small-business financial services. It also offers commercial banking, asset management, and financial transaction processing.
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Disclosure: None. This article is originally published at Insider Monkey.