JPMorgan says market sentiment remains constructive for continued activity in investment banking.
The company highlighted ongoing risks including geopolitical tensions, inflation and elevated asset prices.
JPMorgan says it is preparing for a wide range of scenarios amid economic uncertainty.
Key details and analyst coverage
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$57.35 bln
$50.19 bln (14 Analysts)
Q2 Adjusted EPS
Beat
$6.14
$5.85 (18 Analysts)
Q2 EPS
$7.70
Q2 Net Income
$21.16 bln
Q2 Net Interest Income
$25.60 bln
Q2 ROCE
24.00%
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 12 "hold" and no "sell" or "strong sell".
The average consensus recommendation for the banks peer group is "buy".
Wall Street's median 12-month price target for JPMorgan Chase & Co is $345.00, about 3.1% above its July 13 closing price of $334.53.
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 13 three months ago.
JPM•
