JPMorgan Chase inches up after Q3 investment banking, trading update
JPM•Deal activity remains robust
"Deal activity is quite robust. A lot of it ties to the strength, resiliency of the U.S. consumer, the diversity of the U.S. economy, and there are some other big secular forces at work," Petno said.
15 of 26 brokerages rate the stock "buy" or higher and 11 "hold"; median PT $371, data compiled by LSEG.
As of last close, JPM shares were up 8.7% year-to-date.
Shares edge higher after conference remarks
Shares of JPMorgan Chase JPM.N, the largest U.S. lender, rose 0.4% to $351.49.
JPM expects Q3 investment banking fees and trading revenue to be up "mid to high teens" percentage, co-President Doug Petno said at the Barclays Global Financial Services Conference.
