Bank of America Sees More Upside for JPMorgan After Q2 Report
What happened
Bank of America reiterated a positive outlook on JPMorgan Chase following the bank's second-quarter earnings report, citing room for further price appreciation. JPMorgan posted results analysts characterized as strong across key business lines. Bank of America's commentary followed the earnings release, with the firm citing sustained revenue momentum as supporting its constructive view.
The QL Read
QuantLogix's composite score on JPM is 65/100, with shares at $346.91, up 0.10% on a broadly soft tape — market breadth sits at 41.8% advancing, leaving JPM firmer than the average name.
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