10:54 AM EDT, 05/20/2025 (MT Newswires) -- JPMorgan Chase's ( JPM ) remains focused on increasing its tangible book value and dividend growth, driving outperformance against its peers, RBC Capital Markets said Monday in a report.

"We see shareholder gains being driven more from tangible book value and dividends per share growth rather than through further valuation expansion," RBC said.

RBC cut its earnings estimates to $17.75 a share from $18.05 in 2025 and to $18.50 from $18.90 for 2026, citing reduced investment banking and trading revenue due to geopolitical and macroeconomic uncertainties.

RBC raised its price target on JPMorgan ( JPM ) stock to $285 from $255 and maintained its outperform rating.

JPMorgan ( JPM ) shares rose 0.5% in recent trading Tuesday.

Price: 266.07, Change: +1.19, Percent Change: +0.45