The firm also raised its price target on Wells Fargo to $64 from $62, while keeping a Hold rating on the shares. Meanwhile, Evercore ISI raised the firm's price target on Citi to $62 from $60, keeping an In Line rating on the shares. The firm is adjusting estimates and targets for several brokers, banks and asset managers heading into earnings season after a "fine" Q2 in capital markets, contending that the "slow recovery" is "still in motion." NOTABLE: Late last month, JPMorgan announced that its Board of Directors intends to increase the quarterly common stock dividend to $1.25 per share -- up from the current $1.15 per share -- for the third quarter of 2024. The firm's quarterly common stock dividends are subject to approval by the Board of Directors at the customary times that those dividends are declared. JPMorgan's Board of Directors has authorized a new common share repurchase program of $3B, effective July 1, 2024.