Financial Wire

JPMorgan's Business Model, Investments Have Resulted in 'Highly Profitable' Diversified Banking Model, RBC Says

-- JPMorgan Chase's (JPM) business model combined with its investments worth billions have results not have resulted not only in a "fortress" balance sheet but also a "highly profitable" diversified banking model, RBC Capital Markets in a research note.

Noting the company's better than expected Q1 results, RBC said on Tuesday it has revised its 2026 earnings per share estimate to $21.48 from $21.43 but reiterated its 2027 EPS estimate of $23.

RBC said that that JPMorgan Chase is well positioned to benefit from the Basel III banking regulations re-proposal that was released in March and that the bank will continue to reward long-term shareholders with "above-average profitability and returns in the future," under Jamie Dimon's leadership.

RBC maintained its outperform rating with a $330 price target.

Price: $305.87, Change: $-5.25, Percent Change: -1.69%

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