JPMorgan Chase's (JPM) remains focused on increasing its tangible book value and dividend growth, driving outperformance against its peers, RBC Capital Markets said Monday in a report.
"We see shareholder gains being driven more from tangible book value and dividends per share growth rather than through further valuation expansion," RBC said.
RBC cut its earnings estimates to $17.75 a share from $18.05 in 2025 and to $18.50 from $18.90 for 2026, citing reduced investment banking and trading revenue due to geopolitical and macroeconomic uncertainties.
RBC raised its price target on JPMorgan stock to $285 from $255 and maintained its outperform rating.
JPMorgan shares rose 0.5% in recent trading Tuesday.
Price: 266.07, Change: +1.19, Percent Change: +0.45
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.