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JPMorgan Chase stock rose on strong earnings and increased options activity, with Wells Fargo raising its price target.
JPMorgan Chase saw its stock price rise to $334.77 amid a surge in call options trading, with 264,572 contracts exchanged—305% above average—while Wells Fargo upgraded its price target to $360, citing strong Q3 earnings and positive outlook.
The bank reported $5.07 EPS, beating estimates by $0.24, and $47.12 billion in revenue, up 8.8% year-over-year.
Analysts maintain a “Hold” consensus with a $332 average target.
A $1.50 quarterly dividend was declared, yielding 1.8%.
Insider Robin Leopold sold 966 shares.
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Las acciones de JPMorgan Chase subieron debido a fuertes ganancias y al aumento de la actividad de opciones, con Wells Fargo elevando su precio objetivo.