JPMorgan Chase

JPM · NYSE

$335.26+$1.73 (+0.52%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $333.53

JPM analyst rating

BuyConsensus of 18 analysts over the last 12 months. 50% rate it a buy.

Strong buy0
Buy9
Hold9
Underperform0
Sell0

12-month price target · 24 analysts

Average $381.12 (+13.7% upside)

Low: $308.05
Now: $335.26
High: $457.80

Upgrades and downgrades

The latest rating actions, newest first

JPM analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Citigroup	Oct 15, 2026	Maintains	Neutral	$360.00 → $350.00	77%
Truist Securities	Oct 14, 2026	Maintains	Hold	$352.00 → $361.00	46%
Barclays	Oct 14, 2026	Maintains	Overweight	$420.00 → $425.00	52%
RBC Capital	Oct 14, 2026	Maintains	Outperform	$370.00	67%
Morgan Stanley	Oct 14, 2026	Maintains	Equal-Weight	$370.00 → $377.00	59%
Baird	Oct 14, 2026	Maintains	Neutral	$305.00 → $312.00	67%
TD Cowen	Oct 8, 2026	Initiates	Hold	$370.00	50%
UBS	Oct 5, 2026	Maintains	Buy	$400.00 → $395.00	50%
HSBC	Sep 28, 2026	Maintains	Hold	$369.00 → $377.00	0%
Wells Fargo	Aug 14, 2026	Maintains	Overweight	$375.00 → $390.00	61%

The case for and against

Updated Oct 18, 2026

Bull case

JPMorgan Chase is viewed positively because its diversified franchise and scale are producing best-in-class earnings power, with 3Q26 net interest income of $27.04 billion, a 13% year-over-year increase, and strong contributions from consumer banking, commercial banking, markets, and wealth management. Its fortress balance sheet, $5.1 trillion balance sheet, $2.78 trillion in deposits as of September 2026, and resilient credit metrics support durable profitability, while the Basel III endgame re-proposal could further enhance returns. The company also continues to generate shareholder value through disciplined execution, $10.2 billion returned in 3Q26, and robust asset-gathering, including nearly $7.9 trillion in client assets and $263 billion of quarterly net inflows.

Bear case

JPMorgan Chase is viewed negatively because its core trading businesses are weakening, with Fixed Income Markets revenue falling to $5.37 billion from $6.05 billion sequentially and Equity Markets revenue dropping to $4.95 billion from $6.03 billion, showing sensitivity to softer market activity. Although credit metrics remain solid, with net charge-offs at 0.56% of average loans and the CET1 ratio still a strong 13.9%, capital is trending lower and buybacks have been reduced as management preserves flexibility. At the same time, noninterest expense rose 12% year over year to $27.30 billion, while macro risks, higher rates, and the potential for weaker loan quality and lower fee revenue could pressure earnings across its $5.1 trillion balance sheet.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.