JPMorgan Chase Reports First-Quarter 2015 Net Income of $5.9 Billion, or $1.45 Per Share, on Revenue1 of $24.8 Billion; 14% Return on Tangible Common Equity1

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JPMorgan (JPM) Bullish Stance Reiterated at Jefferies Following 'Solid' Q1

April 15, 2015 8:16 AM EDT

Jefferies analyst Ken Usdin reiterated a Buy rating and $68 price target on JPMorgan (NYSE: JPM) following "solid" Q1 results.

Usdin commented, "JPM posted a solid quarter, with the beat mainly in trading/IB, which may not be sustainable. As a result, estimates... More