10:41 AM EDT, 07/16/2025 (MT Newswires) -- JPMorgan Chase ( JPM ) delivered a "solid" Q2 across the board, highlighting strong pre-provision earnings and broad-based revenue strength that drove a beat versus consensus estimates, Oppenheimer said in a note Wednesday.

JPMorgan ( JPM ) reported Q2 earnings Tuesday of $5.24 per diluted share, beating the FactSet consensus estimate of $4.48. Net revenue for the quarter ended June 30 was $44.91 billion, ahead of the $43.81 billion estimate compiled by FactSet.

Oppenheimer said core pre-provision earnings came in well above its expectations, driven by diverse revenue outperformance and lower expenses. While net interest income was slightly below forecast due to margin pressure, robust trading and investment banking results more than offset the shortfall.

"We view the quarter's results positively and nudged our estimates higher," according to the note.

The brokerage raised its fiscal 2025 earnings forecast to $19.36 per share from $18.39, while maintaining that JPMorgan ( JPM ) appears fairly valued at current levels.

Oppenheimer has a perform rating on the stock.

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