JPMorgan beats Q4 profit estimates helped by investment banking, asset management
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JPMorgan reported Q4 results with adjusted EPS of $5.23, beating estimates, while revenue slightly missed at $45.80 billion. The bank announced a $7.9 billion stock repurchase program and remains optimistic about the U.S. economy despite geopolitical risks. Key growth drivers included a 6% revenue increase in Consumer & Community Banking and a 17% rise in Corporate & Investment Bank markets revenue. The average analyst rating is "buy" with a 12-month price target of $336.00, reflecting a positive outlook for the stock.
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