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JPMorgan (JPM) Stock Price Target Raised at BMO Capital

NEW YORK (TheStreet) -- JPMorgan Chase & Co.'s (JPM - Get Report) stock price target was increased to $77 from $71 at BMO Capital Markets. The firm has an "outperform" rating on the stock.

The higher price target comes after the New York-based bank reported better-than-expected earnings results for the 2016 first quarter yesterday morning.

JPMorgan posted earnings of $1.35 per share, beating analysts' estimates of $1.26 per share. Revenue slipped 3% to $24.08 billion, but was higher than Wall Street's expectations of $23.4 billion.

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