JPMorgan: Raises Bank of China (03988.HK) target price to HK$7, maintains "Overweight" rating.

Zhito Finance APP has learned that JPMorgan released a research report stating that it has updated its financial model for Bank of China (03988.HK), with profit forecasts for 2026 to 2028 broadly unchanged, making only slight adjustments of 0.0%, -0.1%, and -0.1%, respectively; the bank raised its target price for Bank of China as of December 2027 from HK$6.7 to HK$7.0, mainly due to a slight upward revision of its long-term average return on equity (ROE) assumption from 9.3% to 9.4%, while maintaining an "Overweight" rating.