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JPM

JPMorgan

$118.77

1.46 (1.24%)

07:41
02/27/18
02/27
07:41
02/27/18
07:41

JPMorgan sees FY18 adjusted expense lower than $62B

The forecast excludes about $1.2B of revenue recognition accounting charge. Sees FY18 technology spend of about $10.8B, gross marketing spend about $5.7B. Sees about 7% noninterest revenue growth in FY18 and 3% CAGR going forward, market dependent. Says longer-term NII growth will be drive mostly by balance sheet growth and mix. Sees FY18, medium-term net charge-off rates relatively flat across the business. Says medium-term outlook for net charge-offs "relatively benign." Sees up to 300bps potential benefit to firmwide ROTCE from tax reform in the medium-term. Says will continue to focus on growth in retail and operating deposits. Comments taken from 2018 Investor Day presentation slides.

  • 27

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    Feb

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    Apr

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    Jul

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    Oct

JPM JPMorgan
$118.77

1.46 (1.24%)

02/21/18
JEFF
02/21/18
NO CHANGE
JEFF
JPMorgan price target raised to $131 from $124 at Jefferies
Jefferies analyst Ken Usdin raised his price target on JPMorgan to $131 from $124, as well his FY18/FY19 EPS estimates for the company, ahead of JPMorgan's Investor Day on February 27, where Usdin expects to hear an "upbeat message about the macro backdrop, organic growth, and ongoing investments." Usdin maintained a Buy rating on JPMorgan shares.
02/21/18
MSCO
02/21/18
NO CHANGE
Target $136
MSCO
Overweight
Morgan Stanley sees JPMorgan turning tax savings into market share gains
Morgan Stanley analyst Betsy Graseck raised her 2022 EPS estimate for JPMorgan (JPM) by 2%, or 34c, stating that she expects the bank to reach top 5 in the 15-20 new markets it previously said it will use a part of its tax savings reinvestments to enter. The 34c in EPS she estimates JPMorgan can add by building out its presence in 20 new markets by 2022 is "far more compelling" than using the same amount of money to buy back stock, which would increase 2022 EPS only 5c, said Graseck. The analyst sees about a third of JPMorgan's new deposit share gains to come from Wells Fargo (WFC) and cut her 2022 EPS forecast for the latter by 1.2%. Graseck keeps an Overweight rating on JPMorgan ahead of the bank's February 27 investor day and increased her price target on the stock to $136 from $133.
02/13/18
02/13/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. JPMorgan (JPM) upgraded to Outperform from Market Perform at Keefe Bruyette with analyst Brian Kleinhanzl saying he views the recent pullback in the shares as a buying opportunity. 2. Total (TOT) upgraded to Overweight from Equal Weight at Morgan Stanley and to Strong Buy from Outperform at Raymond James. 3. Celgene (CELG) upgraded to Overweight from Equal Weight at Barclays with analyst Geoff Meacham saying the current valuation largely reflects the risk. 4. Quest Diagnostics (DGX) upgraded to Outperform from Neutral at Credit Suisse with analyst A.J. Rice saying he believes the company has "substantial runway on several fronts," including its Optum partnership related to revenue cycle management, which he believes could reduce bad debts and claims denials. 5. Boeing (BA) upgraded to Buy from Hold at Edward Jones. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/13/18
KBWI
02/13/18
UPGRADE
Target $127
KBWI
Outperform
JPMorgan upgraded to Outperform from Market Perform at Keefe Bruyette
Keefe Bruyette analyst Brian Kleinhanzl upgraded JPMorgan to Outperform with an unchanged price target of $127. The analyst views the recent pullback in the shares as a buying opportunity.

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STON

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TEF

Telefonica

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Downgrade
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SPY

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CZWI

Citizens Community Bancorp

$14.15

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PKD

Parker Drilling

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RSLS

ReShape Lifesciences

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BOX

Box

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ALDX

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GLRE

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LECO

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KMX

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LOW

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PFE

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JCP

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VIX

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ASFI

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$NSD

NASDAQ Market Internals

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$NYE

NYSE Market Internals

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DIS

Disney

16:15
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Disney fires 'Guardians' director after controversial tweets, THR says »

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  • 07

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