Piper Sandler, Wells Fargo Lift JPMorgan Targets Above $320 on Q2 Strength

JPMorgan Chase & Co. received a pair of bullish revisions from Wall Street after reporting stronger-than-expected second-quarter earnings. Piper Sandler lifted its 12-month price target on the largest U.S. bank to $320 from $295 and reiterated an Overweight recommendation. Hours later, Wells Fargo analyst Mike Mayo took his target even higher, to $325, while also maintaining an Overweight stance. Mayo said the bank’s robust net interest income trajectory under higher-for-longer rates supports continued outperformance. The back-to-back increases signal growing confidence in JPMorgan’s ability to extend its earnings momentum following the lender’s record quarterly profit and resilient credit performance.