Morgan Stanley raises price target for JPMorgan after strong quarterly figures

Morgan Stanley has raised the price target for JPMorgan from $224 to $237 following the release of impressive quarterly results, while maintaining the "Equal Weight" rating. JPMorgan's latest quarterly report revealed outstanding performance, particularly in the areas of net interest income, fees, and expenses, exceeding fourth-quarter expectations positively. The analyst team at Morgan Stanley highlights the high quality of the results and predicts that JPMorgan could achieve net interest income, excluding market effects, of over $89 billion and a total of over $92 billion by 2025. This optimistic assessment is based on the recent quarterly figures and the prospect of an imminent quarter's end marked by a growing balance sheet volume. A look at the financial sector and Morgan Stanley's strategic adjustments underscores the confidence in JPMorgan's ability to outperform consensus in a changing market environment. Investors and market observers are eager to see how JPMorgan will meet these targets.