JPMorgan Chase Investor Day Review

RBC Capital analysts provided their review on JPMorgan Chase & Co. (NYSE:JPM) Investor Day 2022, where the company outlined its business strategies with a keen focus on executing its detailed strategic plans that should enable the company to outperform its peer group over the next 3–5 years.
According to the analysts, the company has performed very well through the pandemic, but outsized expense growth in 2022 and disruptive capital markets have weighed on its stock performance this year.
The analysts raised their 2022 and 2023 EPS estimates to $11.03 and $12.00 from $10.41 and $11.26, respectively. The updated estimates reflect higher-than-expected net interest income growth associated with a higher net interest margin, as well as stronger-than-expected Market revenues in 2022.

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