JPMorgan adjusts General Motors stock price target after earnings [Yahoo! Finance]
JP Morgan Chase & Co. (JPM)
Last jp morgan chase & co. earnings: 4/14 06:43 am
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Source: Yahoo! Finance
A 6-3 Supreme Court decision in February ruled certain tariffs levied under the International Emergency Economic Powers Act illegal, and GM booked roughly $500 million of that benefit in Q1, as CNBC reported, helping the automaker deliver adjusted earnings of $3.70 per share against Wall Street 's $2.62 expectation, according to the earnings statement Even stripping out that legal windfall entirely, GM's underlying business still beat expectations and grew approximately 7.5% year over year. A detail CFO Paul Jacobson made sure to emphasize on CNBC' s "Squawk Box" on Tuesday. "The North America team did a tremendous job of managing the market with challenges on inventory throughout the whole quarter," Jacobson said. "I also think we got a little bit ahead of the game on costs. That's really where I think the beat came from." JPMorgan noticed. The bank nudged its GM price target to $98 from $97, maintaining its Overweight rating, a modest revision that nonetheless reflects growin
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JPM
Earnings
- 4/14/26 - Beat
JPM
Sec Filings
- 4/30/26 - Form 424B2
- 4/30/26 - Form 424B2
- 4/30/26 - Form 424B2
- JPM's page on the SEC website