Truist has lowered its price target for JPMorgan Chase & Co. (JPM) to $330 from $334 but raised its FY26 EPS estimate to $21.60, citing stronger market revenue growth. The adjustment comes as JPMorgan prepares for the impact of artificial intelligence, with CEO Jamie Dimon noting that the bank is retraining employees for new roles rather than laying them off, while also using AI to improve efficiency and productivity.
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Truist Cuts JPMorgan (JPM) Target While Increasing Long-Term Earnings Estimates
Truist has lowered its price target for JPMorgan Chase & Co. (JPM) to $330 from $334 but raised its FY26 EPS estimate to $21.60, citing stronger market revenue growth. The adjustment comes as JPMorgan prepares for the impact of artificial intelligence, with CEO Jamie Dimon noting that the bank is retraining employees for new roles rather than laying them off, while also using AI to improve efficiency and productivity.