Morgan Stanley: JP Morgan's earnings per share last quarter exceeded expectations, rating "in line with the market"

AASTOCKS
2026.01.14 02:29

Morgan Stanley published a research report indicating that JPMorgan Chase (JPM.US) had earnings per share of $4.63 in the fourth quarter of last year, exceeding both the bank's and market forecasts. However, JPMorgan's post-earnings performance lagged behind the market, reflecting expectations that the company will face operational leverage contraction this year in order to invest for growth.

Morgan Stanley believes that JPMorgan's performance last quarter was solid, suggesting that the compound annual growth rate of earnings per share will exceed 10% over the next two years. Morgan Stanley lowered its earnings per share estimate for JPMorgan this year by 0.5% to $21.51, maintaining a target price of $331 and a "market perform" rating

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