Barclays Maintains an 'Overweight' on JPMorgan (JPM); Raising PT and Estimates

Barclays maintains an 'Overweight' on JPMorgan (NYSE: JPM) price target raised from $55 to $57.

Analyst, Jason M. Goldberg, said, "While a lot of moving pieces, core results appear to approximate reported results, which exceeded expectations on better than expected trading and mortgage results and a lower than modeled loan loss provision as asset quality improved."

Barclays raises FY12 EPS estimates on JPM from $4.65 to $4.90 and FY13 from $5.10 to $5.30.

For an analyst ratings summary and ratings history on JPMorgan click here. For more ratings news on JPMorgan click here.

Shares of JPMorgan closed at $43.21 yesterday.

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