Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the "long context," investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.
Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.
Below, we take a look at JPMorgan Chase & Co. (JPM - Free Report) , which currently has a Momentum Style Score of B. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions.
It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. JPMorgan Chase & Co. currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of "A or B" outperform the market over the following one-month period.
You can see the current list of Zacks #1 Rank Stocks here >>>
Set to Beat the Market?Let's discuss some of the components of the Momentum Style Score for JPM that show why this company shows promise as a solid momentum pick.
Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area.
For JPM, shares are up 1.38% over the past week while the Zacks Financial - Investment Bank industry is up 0.22% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 4.41% compares favorably with the industry's 4.59% performance as well.
While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Over the past quarter, shares of JPMorgan Chase & Co. have risen 11.71%, and are up 17.99% in the last year. In comparison, the S&P 500 has only moved 4.48% and 17.65%, respectively.
Investors should also pay attention to JPM's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. JPM is currently averaging 10,013,792 shares for the last 20 days.
Earnings OutlookThe Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with JPM.
Over the past two months, 8 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost JPM's consensus estimate, increasing from $22.32 to $24.39 in the past 60 days. Looking at the next fiscal year, 9 estimates have moved upwards while there have been no downward revisions in the same time period.
Bottom LineTaking into account all of these elements, it should come as no surprise that JPM is a #1 (Strong Buy) stock with a Momentum Score of B. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep JPMorgan Chase & Co. on your short list.
Here at Zacks, we offer our members many different opportunities to take full advantage of the stock market, as well as how to invest in ways that lead to long-term success.
The Zacks Premium service, which provides daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter, makes these more manageable goals. All of the features can help you identify what stocks to buy, what to sell, and what are today's hottest industries.
It also includes the Focus List, a long-term portfolio of top stocks that have all the elements to beat the market.
Breaking Down the Zacks Focus ListIf you could get access to a curated list of stocks to kickstart your investment portfolio, wouldn't you jump at the chance to take a peek?
That's what the Zacks Focus List offers. It's a portfolio of 50 stocks that serve as a starting point for long-term investors to build their individual portfolios. The stocks included in the list are set to outperform the market over the next 12 months.
What makes the Focus List even more helpful is that each selection is accompanied by a full Zacks Analyst Report, which explains the reasoning behind every stock's selection and why we believe it's a good pick for the long-term.
The portfolio's past performance only solidifies why investors should consider it as a starting point. For 2020, the Focus List gained 13.85% on an annualized basis compared to the S&P 500's return of 9.38%. Cumulatively, the portfolio has returned 2,519.23% while the S&P returned 854.95%. Returns are for the period of February 1, 1996 to March 31, 2021.
Focus List MethodologyWhen stocks are picked for the Focus List, it reflects our enduring reliance on the power of earnings estimate revisions.
Brokerage analysts are in charge of determining a company's growth and profitability expectations, or earnings estimates. These analysts work together with company management to evaluate all factors that may affect future earnings, like interest rates, the economy, and sector and industry optimism.
What a company will earn down the road also needs to be taken into consideration, and this is why earnings estimate revisions are so important.
The stocks that receive positive changes to earnings estimates are more likely to receive even more upward changes in the future. Take this example: if an analyst raised their estimates last month, they'll probably do so again this month, and other analysts will follow.
Utilizing the power of earnings estimate revisions is when the Zacks Rank joins the party. A unique, proprietary stock-rating model, the Zacks Rank uses changes to quarterly earnings expectations to help investors create a winning portfolio.
Four primary factors make up the Zacks Rank: Agreement, Magnitude, Upside, and Surprise. Each is given a raw score that's recalculated every night and compiled into the Rank, and with this data, stocks are then classified into five groups, ranging from "Strong Buy" to "Strong Sell."
The Focus List is comprised of stocks hand-picked from a long list of #1 (Strong Buy) or #2 (Buy) ranked companies, meaning that each new addition boasts a bullish earnings consensus among analysts.
Because stock prices react to revisions, buying stocks with rising earnings estimates can be very profitable. Focus List stocks offer investors a great opportunity to get into companies whose future earnings estimates will be raised, potentially leading to price momentum.
Focus List Spotlight: JPMorgan Chase & Co. (JPM - Free Report) Headquartered in New York, JPMorgan Chase & Co. is one of the biggest global banks with assets worth $5.02 trillion and total stockholders’ equity worth $374.6 billion as of June 30, 2026. With operations in more than 60 countries, the company (incorporated under Delaware law in 1968) is one of the largest financial service firms globally.
Since being added to the Focus List on October 10, 2016 at $68.11 per share, shares of JPM have increased 413.73% to $349.9. The stock is currently a #1 (Strong Buy) on the Zacks Rank.
For fiscal 2026, eight analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $2.07 to $24.39. JPM boasts an average earnings surprise of 7.3%.
Additionally, JPM's earnings are expected to grow 19.9% for the current fiscal year.
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The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?
Let's take a look at what these Wall Street heavyweights have to say about JPMorgan Chase & Co. (JPM - Free Report) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.
JPMorgan Chase & Co. currently has an average brokerage recommendation (ABR) of 2.00, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 26 brokerage firms. An ABR of 2.00 indicates Buy.
Of the 26 recommendations that derive the current ABR, 12 are Strong Buy and two are Buy. Strong Buy and Buy respectively account for 46.2% and 7.7% of all recommendations.
The ABR suggests buying JPMorgan Chase & Co., but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation.
Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations.
In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement.
Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision.
ABR Should Not Be Confused With Zacks RankAlthough both Zacks Rank and ABR are displayed in a range of 1--5, they are different measures altogether.
The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
Analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations. Since the ratings issued by these analysts are more favorable than their research would support because of the vested interest of their employers, they mislead investors far more often than they guide.
On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks.
Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.
Is JPM Worth Investing In?In terms of earnings estimate revisions for JPMorgan Chase & Co., the Zacks Consensus Estimate for the current year has increased 5.1% over the past month to $24.39.
Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #1 (Strong Buy) for JPMorgan Chase & Co. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, the Buy-equivalent ABR for JPMorgan Chase & Co may serve as a useful guide for investors.
Dimensional Fund Advisors LP raised its stake in shares of JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 3.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,968,884 shares of the financial services provider’s stock after acquiring an additional 607,288 shares during the quarter. JPMorgan Chase & Co. makes up 1.2% of Dimensional Fund Advisors LP’s portfolio, making the stock its 6th largest holding. Dimensional Fund Advisors LP owned about 0.71% of JPMorgan Chase & Co. worth $5,578,788,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also modified their holdings of JPM. Fidelis Capital Partners LLC increased its stake in shares of JPMorgan Chase & Co. by 7.9% in the 4th quarter. Fidelis Capital Partners LLC now owns 70,077 shares of the financial services provider’s stock worth $22,580,000 after acquiring an additional 5,101 shares during the last quarter. Howard Capital Management Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 18.2% in the 4th quarter. Howard Capital Management Inc. now owns 25,784 shares of the financial services provider’s stock worth $8,308,000 after acquiring an additional 3,976 shares during the last quarter. Newbridge Financial Services Group Inc. lifted its stake in JPMorgan Chase & Co. by 51.7% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 8,883 shares of the financial services provider’s stock worth $2,862,000 after purchasing an additional 3,027 shares in the last quarter. Brighton Jones LLC lifted its stake in JPMorgan Chase & Co. by 11.0% during the 4th quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider’s stock worth $11,682,000 after acquiring an additional 4,841 shares in the last quarter. Finally, KTF Investments LLC purchased a new position in JPMorgan Chase & Co. during the 4th quarter valued at about $6,449,000. 71.55% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth Several research firms have commented on JPM. Zacks Research upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Truist Financial raised their price objective on shares of JPMorgan Chase & Co. from $344.00 to $352.00 and gave the stock a “hold” rating in a report on Wednesday, July 15th. Evercore reissued an “outperform” rating and issued a $360.00 target price on shares of JPMorgan Chase & Co. in a report on Monday, July 6th. Bank of America increased their price target on shares of JPMorgan Chase & Co. from $408.00 to $420.00 and gave the stock a “buy” rating in a research note on Thursday, July 16th. Finally, Jefferies Financial Group set a $350.00 target price on JPMorgan Chase & Co. in a research note on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and a consensus price target of $358.67.
Get Our Latest Report on JPM
Key Stories Impacting JPMorgan Chase & Co. Here are the key news stories impacting JPMorgan Chase & Co. this week:
Positive Sentiment: JPMorgan raised $9 billion through debt offerings, underscoring its access to cheap funding and strong balance-sheet flexibility. JPMorgan Chase Raises $9 Billion Through Debt Offerings Positive Sentiment: The company’s Q2 results showed record revenue and a record $21.2 billion quarterly profit, reinforcing earnings momentum and helping support the stock’s recent strength. JPMorgan Chase Q2 2026 Earnings Call Transcript Positive Sentiment: Multiple market commentary pieces highlighted JPMorgan’s AI-driven efficiency and growth potential, with some suggesting the bank could be on a path toward a $1 trillion market cap. JPMorgan’s AI Advantage Positions the Bank for a $1T Market Cap Neutral Sentiment: JPMorgan amended its bylaws to strengthen board independence, a governance-related move that is unlikely to move the stock on its own. JPMorgan Chase Strengthens Board Independence With Bylaw Change Negative Sentiment: House lawmakers grilled former executive Jes Staley over Jeffrey Epstein ties, keeping reputational risk and regulatory scrutiny in the headlines. House lawmakers grill former JPMorgan executive Jes Staley over Epstein ties JPMorgan Chase & Co. Trading Up 0.3% NYSE JPM opened at $349.40 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.85 and a quick ratio of 0.86. The company has a market cap of $936.23 billion, a P/E ratio of 14.97, a P/E/G ratio of 1.54 and a beta of 0.99. JPMorgan Chase & Co. has a 12 month low of $279.10 and a 12 month high of $351.24. The company has a 50-day moving average of $322.64 and a 200-day moving average of $310.84.
JPMorgan Chase & Co. Dividend Announcement The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, July 6th will be paid a $1.50 dividend. The ex-dividend date is Monday, July 6th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.7%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 25.71%.
Insider Buying and Selling at JPMorgan Chase & Co. In related news, COO Jennifer Piepszak sold 4,919 shares of the firm’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $309.42, for a total transaction of $1,522,036.98. Following the completion of the sale, the chief operating officer directly owned 85,082 shares of the company’s stock, valued at approximately $26,326,072.44. This trade represents a 5.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Stacey Friedman sold 5,467 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $330.73, for a total value of $1,808,100.91. Following the sale, the general counsel directly owned 40,961 shares in the company, valued at approximately $13,547,031.53. The trade was a 11.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 18,876 shares of company stock valued at $5,907,051 over the last 90 days. 0.41% of the stock is owned by corporate insiders.
JPMorgan Chase & Co. Company Profile (Free Report)
JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.
The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.
Featured Articles Five stocks we like better than JPMorgan Chase & Co. Premium Retail’s Stress Test Is Separating Winners From Losers D-Wave Quantum or a Quantum ETF: Which Is the Better Bet? GE Vernova Just Sent a Mixed AI Signal to Investors Alphabet Crushed Earnings, But One Number Spooked the Market
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Decker Wealth Management LLC acquired a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM – Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 2,241 shares of the financial services provider’s stock, valued at approximately $659,000.
A number of other large investors also recently bought and sold shares of JPM. Timmons Wealth Management LLC bought a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth $27,000. Caitong International Asset Management Co. Ltd bought a new stake in JPMorgan Chase & Co. during the fourth quarter valued at about $32,000. MBM Wealth Consultants LLC bought a new stake in JPMorgan Chase & Co. during the first quarter valued at about $29,000. Osbon Capital Management LLC purchased a new position in JPMorgan Chase & Co. in the fourth quarter valued at about $35,000. Finally, Turning Point Benefit Group Inc. purchased a new position in JPMorgan Chase & Co. in the third quarter valued at about $35,000. Institutional investors own 71.55% of the company’s stock.
Analyst Ratings Changes A number of analysts have recently weighed in on JPM shares. DZ Bank restated a “neutral” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, April 15th. Barclays boosted their price objective on shares of JPMorgan Chase & Co. from $391.00 to $420.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. UBS Group raised their target price on shares of JPMorgan Chase & Co. from $375.00 to $384.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Morgan Stanley reaffirmed a “positive” rating and set a $370.00 price target on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 15th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $418.00 price objective on shares of JPMorgan Chase & Co. in a report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and an average target price of $358.67.
View Our Latest Report on JPM
Insider Buying and Selling In other news, CFO Jeremy Barnum sold 3,022 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $309.41, for a total value of $935,037.02. Following the completion of the transaction, the chief financial officer owned 32,438 shares of the company’s stock, valued at $10,036,641.58. The trade was a 8.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Stacey Friedman sold 5,468 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $300.27, for a total value of $1,641,876.36. Following the sale, the general counsel directly owned 46,428 shares in the company, valued at approximately $13,940,935.56. This trade represents a 10.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 18,876 shares of company stock worth $5,907,051. 0.41% of the stock is owned by company insiders.
Key JPMorgan Chase & Co. News Here are the key news stories impacting JPMorgan Chase & Co. this week:
Positive Sentiment: JPMorgan raised $9 billion through debt offerings, underscoring its access to cheap funding and strong balance-sheet flexibility. JPMorgan Chase Raises $9 Billion Through Debt Offerings Positive Sentiment: The company’s Q2 results showed record revenue and a record $21.2 billion quarterly profit, reinforcing earnings momentum and helping support the stock’s recent strength. JPMorgan Chase Q2 2026 Earnings Call Transcript Positive Sentiment: Multiple market commentary pieces highlighted JPMorgan’s AI-driven efficiency and growth potential, with some suggesting the bank could be on a path toward a $1 trillion market cap. JPMorgan’s AI Advantage Positions the Bank for a $1T Market Cap Neutral Sentiment: JPMorgan amended its bylaws to strengthen board independence, a governance-related move that is unlikely to move the stock on its own. JPMorgan Chase Strengthens Board Independence With Bylaw Change Negative Sentiment: House lawmakers grilled former executive Jes Staley over Jeffrey Epstein ties, keeping reputational risk and regulatory scrutiny in the headlines. House lawmakers grill former JPMorgan executive Jes Staley over Epstein ties JPMorgan Chase & Co. Price Performance Shares of JPM opened at $349.40 on Friday. The firm has a market capitalization of $936.23 billion, a PE ratio of 14.97, a price-to-earnings-growth ratio of 1.54 and a beta of 0.99. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.85 and a quick ratio of 0.86. JPMorgan Chase & Co. has a 1-year low of $279.10 and a 1-year high of $351.24. The company’s fifty day moving average price is $322.64 and its 200-day moving average price is $310.84.
JPMorgan Chase & Co. Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Monday, July 6th will be paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 1.7%. The ex-dividend date is Monday, July 6th. JPMorgan Chase & Co.’s payout ratio is presently 25.71%.
JPMorgan Chase & Co. Profile (Free Report)
JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.
The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.
Further Reading Five stocks we like better than JPMorgan Chase & Co. Premium Retail’s Stress Test Is Separating Winners From Losers D-Wave Quantum or a Quantum ETF: Which Is the Better Bet? GE Vernova Just Sent a Mixed AI Signal to Investors Alphabet Crushed Earnings, But One Number Spooked the Market
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Jamie Dimon, a legend on Wall Street, gave some pretty cautious commentary a few days ago in a sit-down with CNBC, commenting on global and fiscal risks that the market may very well be underestimating. Indeed, given the escalating tensions in the Middle East and the latest ascent in the price of oil, it’s hard to disagree with the JPMorgan (NYSE:JPM | JPM Price Prediction) veteran. But just because he’d not be a personal buyer of U.S. stocks or long-dated Treasury securities in this market doesn’t mean you should hit the sell button.
Are there a lot of risks that could derail this latest market rally? Most definitely. The situation in the Middle East is not going well, to say the least, and the oil markets are responding.
Jamie Dimon is right about the risks facing this market As oil rises and pockets of overvaluation within the AI trade begin to unwind, it certainly feels like the stage is set for the next big market spill. Valuations still seem quite frothy, and the lists of risks outlined by Mr. Dimon, I think, are very much worth careful consideration before making a move.
Moving ahead, it feels like stocks are about to roll over, but for long-term thinkers, I view any indiscriminate slide, like the one we had on Thursday, as more of an opportunity to do some buying if your cash hoard has been building up and you haven’t been tempted by anything in recent months.
At the end of the day, Mr. Dimon tends to sound more cautious than not. After all, he’s the top boss of JPMorgan, and he’s not exactly looking to take big swings or big risks on AI or anything else.
When it comes to market gurus, I take what they have to say with a grain of salt because, at the end of the day, the market will continue to act in unpredictable ways. And while markets are starting to feel a bit of pain amid rising tensions in the Middle East and increased chances of interest rate hikes in the second half, I do think that the AI revolution is the theme that matters most for investors willing to stick around for at least the next few years.
Jamie Dimon’s comments might be scary to some. But a little caution never hurt So, in short, Mr. Dimon’s latest comments might be frightening to some retail investors. And while I do think many investors are far too willing to pay a premium price for a wide range of stocks with less consideration for the downside risks, I also view pockets of value out there for investors who are looking for the productivity benefits from the AI revolution to come in steadily over the next three years. At the end of the day, bankers are supposed to think about managing risks.
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While Mr. Dimon’s cautious tone is worth keeping in mind, I wouldn’t necessarily look for the start of a bear market. The man didn’t even remark on one coming. At the end of the day, it feels like markets are already in the process of digesting the heightened risks, especially on the geopolitical front.
As oil, fiscal deficits, and rates climb, investors might not like the environment we find ourselves in come the end of the year. Either way, panicking and emotion-driven investing never pays off.
Alphabet stock might be a deep-value outlier Right now, I think margin of safety isn’t all too hard to find when you look at a name like Alphabet (NASDAQ:GOOG), which cratered after earnings. The massive cloud backlog wasn’t enough to convince investors to forgive the swelling CapEx.
With shares trading at around 24.0 times forward price-to-earnings (P/E), I think the behemoth AI lab is going for a massive discount, especially as the backlog continues to swell and the firm takes more control over the AI stack, from models to infrastructure and hardware (TPUs and the reported “Frozen v2” chip) to applications (Generative UX looks intriguing).
Perhaps there’s a reason Warren Buffett admitted it was him who initiated the purchase for Berkshire Hathaway (NYSE:BRK.B). It is a very Buffett-esque business with a remarkable track record and, odds are, the CapEx won’t be for nothing. While Mr. Dimon might be right about the market risks, I still think there are margins of safety in individual names for those willing to look.
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Balefire LLC increased its stake in JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 18.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,836 shares of the financial services provider’s stock after buying an additional 1,855 shares during the quarter. Balefire LLC’s holdings in JPMorgan Chase & Co. were worth $3,482,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank bought a new position in JPMorgan Chase & Co. in the 4th quarter valued at $11,396,496,000. Cardano Risk Management B.V. lifted its position in shares of JPMorgan Chase & Co. by 889.3% during the fourth quarter. Cardano Risk Management B.V. now owns 8,673,530 shares of the financial services provider’s stock worth $2,794,785,000 after purchasing an additional 7,796,814 shares during the last quarter. American Assets Investment Management LLC grew its holdings in shares of JPMorgan Chase & Co. by 1,172.2% in the fourth quarter. American Assets Investment Management LLC now owns 2,259,400 shares of the financial services provider’s stock worth $728,024,000 after purchasing an additional 2,081,800 shares during the last quarter. Viking Global Investors LP grew its holdings in shares of JPMorgan Chase & Co. by 86.1% in the second quarter. Viking Global Investors LP now owns 4,042,034 shares of the financial services provider’s stock worth $1,171,826,000 after purchasing an additional 1,870,386 shares during the last quarter. Finally, PFA Pension Forsikringsaktieselskab purchased a new position in JPMorgan Chase & Co. in the 4th quarter worth about $474,516,000. 71.55% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets In other news, COO Jennifer Piepszak sold 4,919 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $309.42, for a total transaction of $1,522,036.98. Following the sale, the chief operating officer owned 85,082 shares in the company, valued at approximately $26,326,072.44. The trade was a 5.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jeremy Barnum sold 3,022 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $309.41, for a total value of $935,037.02. Following the sale, the chief financial officer owned 32,438 shares in the company, valued at $10,036,641.58. The trade was a 8.52% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 18,876 shares of company stock valued at $5,907,051. 0.41% of the stock is currently owned by corporate insiders.
Trending Headlines about JPMorgan Chase & Co. Here are the key news stories impacting JPMorgan Chase & Co. this week:
Positive Sentiment: JPMorgan raised $9 billion through debt offerings, underscoring its access to cheap funding and strong balance-sheet flexibility. JPMorgan Chase Raises $9 Billion Through Debt Offerings Positive Sentiment: The company’s Q2 results showed record revenue and a record $21.2 billion quarterly profit, reinforcing earnings momentum and helping support the stock’s recent strength. JPMorgan Chase Q2 2026 Earnings Call Transcript Positive Sentiment: Multiple market commentary pieces highlighted JPMorgan’s AI-driven efficiency and growth potential, with some suggesting the bank could be on a path toward a $1 trillion market cap. JPMorgan’s AI Advantage Positions the Bank for a $1T Market Cap Neutral Sentiment: JPMorgan amended its bylaws to strengthen board independence, a governance-related move that is unlikely to move the stock on its own. JPMorgan Chase Strengthens Board Independence With Bylaw Change Negative Sentiment: House lawmakers grilled former executive Jes Staley over Jeffrey Epstein ties, keeping reputational risk and regulatory scrutiny in the headlines. House lawmakers grill former JPMorgan executive Jes Staley over Epstein ties JPMorgan Chase & Co. Stock Up 0.3% NYSE:JPM opened at $349.40 on Friday. The company’s 50-day simple moving average is $322.64 and its 200-day simple moving average is $310.84. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.86 and a current ratio of 0.85. JPMorgan Chase & Co. has a fifty-two week low of $279.10 and a fifty-two week high of $351.24. The stock has a market capitalization of $936.23 billion, a P/E ratio of 14.97, a P/E/G ratio of 1.54 and a beta of 0.99.
JPMorgan Chase & Co. Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Monday, July 6th will be paid a $1.50 dividend. The ex-dividend date is Monday, July 6th. This represents a $6.00 dividend on an annualized basis and a yield of 1.7%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 25.71%.
Analyst Ratings Changes A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company lifted their price objective on shares of JPMorgan Chase & Co. from $360.00 to $375.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. Autonomous Res dropped their target price on shares of JPMorgan Chase & Co. from $360.00 to $324.00 and set a “neutral” rating on the stock in a research note on Monday, April 6th. Bank of America raised their target price on shares of JPMorgan Chase & Co. from $408.00 to $420.00 and gave the stock a “buy” rating in a research report on Thursday, July 16th. Evercore reaffirmed an “outperform” rating and set a $360.00 price target on shares of JPMorgan Chase & Co. in a research note on Monday, July 6th. Finally, Morgan Stanley reiterated a “positive” rating and issued a $370.00 price target on shares of JPMorgan Chase & Co. in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $358.67.
Read Our Latest Stock Report on JPM
About JPMorgan Chase & Co. (Free Report)
JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.
The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.
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Audent Global Asset Management LLC lowered its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 51.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,208 shares of the financial services provider’s stock after selling 6,507 shares during the quarter. JPMorgan Chase & Co. makes up approximately 1.9% of Audent Global Asset Management LLC’s holdings, making the stock its 20th biggest position. Audent Global Asset Management LLC’s holdings in JPMorgan Chase & Co. were worth $1,826,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in JPM. Quadrant Private Wealth Management LLC increased its holdings in JPMorgan Chase & Co. by 12.3% during the first quarter. Quadrant Private Wealth Management LLC now owns 17,242 shares of the financial services provider’s stock valued at $5,072,000 after buying an additional 1,884 shares during the last quarter. MTM Investment Management LLC lifted its position in JPMorgan Chase & Co. by 0.6% during the first quarter. MTM Investment Management LLC now owns 28,688 shares of the financial services provider’s stock valued at $8,439,000 after purchasing an additional 161 shares in the last quarter. Ranch Capital Advisors Inc. lifted its position in JPMorgan Chase & Co. by 2.9% during the first quarter. Ranch Capital Advisors Inc. now owns 17,412 shares of the financial services provider’s stock valued at $5,122,000 after purchasing an additional 496 shares in the last quarter. Kesler Norman & Wride LLC raised its stake in shares of JPMorgan Chase & Co. by 5.9% in the first quarter. Kesler Norman & Wride LLC now owns 17,087 shares of the financial services provider’s stock worth $5,026,000 after buying an additional 958 shares during the period. Finally, Heartland Bank & Trust Co lifted its position in shares of JPMorgan Chase & Co. by 38.7% during the 1st quarter. Heartland Bank & Trust Co now owns 17,788 shares of the financial services provider’s stock valued at $5,233,000 after buying an additional 4,962 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.
Insider Transactions at JPMorgan Chase & Co. In other JPMorgan Chase & Co. news, CFO Jeremy Barnum sold 3,022 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $309.41, for a total value of $935,037.02. Following the transaction, the chief financial officer owned 32,438 shares of the company’s stock, valued at $10,036,641.58. This represents a 8.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Jennifer Piepszak sold 4,919 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $309.42, for a total transaction of $1,522,036.98. Following the sale, the chief operating officer directly owned 85,082 shares of the company’s stock, valued at $26,326,072.44. This represents a 5.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 18,876 shares of company stock worth $5,907,051. 0.41% of the stock is currently owned by company insiders.
Trending Headlines about JPMorgan Chase & Co. Here are the key news stories impacting JPMorgan Chase & Co. this week:
Positive Sentiment: JPMorgan posted record Q2 2026 results, with record revenue across all business lines and net income of $16.9 billion, underscoring strong underlying business momentum. JPMorgan Chase (JPM) Q2 2026 Earnings Call Transcript Positive Sentiment: Analysts and media outlets highlighted JPM as one of the top big-bank picks after strong earnings and an improving outlook, which supports the stock’s valuation narrative. Buy 3 Top-Ranked Big Investment Banks Amid Solid Q2 Earnings & Outlook Positive Sentiment: JPMorgan stock was noted as being on track for its longest weekly winning streak since early 2024 after the earnings beat, showing momentum traders are still piling in. QUICK SPARK: JPMorgan Stock Eyes Longest Weekly Winning Streak Since Early 2024 Positive Sentiment: Coverage around JPMorgan’s AI adoption suggested automation is already reducing costs in some units, which could help protect margins even if revenue growth moderates. Jamie Dimon Says AI Has Already Cut 30% to 40% of Jobs in Some JPMorgan Units Positive Sentiment: Reports that JPMorgan may help finance Japan’s $550 billion U.S. investment plan and other large global deals point to additional fee opportunities. JPMorgan, other US banks set to help finance Japan’s $550 billion US investment plan, sources say Neutral Sentiment: Jamie Dimon repeated warnings about macro risks, bond market stress, and geopolitical uncertainty. These comments do not directly change JPM’s fundamentals, but they can temper enthusiasm for bank stocks if investors become more cautious. ‘Worse than people expect’: Jamie Dimon sounds alarm about the next credit crisis Neutral Sentiment: Several articles focused on Dimon’s broader market commentary, including his view that stocks and long-term Treasurys look expensive; while notable, this is more about market caution than JPM’s own operating results. JPMorgan CEO Urges Investor Patience Analyst Upgrades and Downgrades JPM has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $375.00 price target on the stock in a report on Wednesday. Piper Sandler upped their target price on shares of JPMorgan Chase & Co. from $325.00 to $345.00 and gave the stock an “overweight” rating in a report on Wednesday, April 15th. Evercore restated an “outperform” rating and issued a $360.00 price objective on shares of JPMorgan Chase & Co. in a research report on Monday, July 6th. Zacks Research upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Finally, Barclays raised their target price on shares of JPMorgan Chase & Co. from $391.00 to $420.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and a consensus price target of $358.67.
Check Out Our Latest Report on JPM
JPMorgan Chase & Co. Price Performance Shares of JPMorgan Chase & Co. stock opened at $348.72 on Thursday. The stock has a 50 day moving average price of $321.65 and a 200-day moving average price of $310.67. JPMorgan Chase & Co. has a one year low of $279.10 and a one year high of $351.24. The stock has a market cap of $934.39 billion, a price-to-earnings ratio of 14.94, a price-to-earnings-growth ratio of 1.52 and a beta of 0.99. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.86 and a current ratio of 0.85.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last posted its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $6.14 EPS for the quarter, topping the consensus estimate of $5.59 by $0.55. JPMorgan Chase & Co. had a net margin of 21.86% and a return on equity of 18.23%. The company had revenue of $58.02 billion during the quarter, compared to analyst estimates of $50.72 billion. During the same period in the previous year, the firm earned $4.96 earnings per share. JPMorgan Chase & Co.’s quarterly revenue was up 27.7% compared to the same quarter last year. Equities analysts expect that JPMorgan Chase & Co. will post 23.59 EPS for the current year.
JPMorgan Chase & Co. Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, July 6th will be issued a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Monday, July 6th. JPMorgan Chase & Co.’s dividend payout ratio is presently 25.71%.
JPMorgan Chase & Co. Profile (Free Report)
JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.
The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.
Further Reading Five stocks we like better than JPMorgan Chase & Co. Could Truth API Become Trump Media’s First Meaningful Revenue Driver? Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying Moog Is More Than a Missile Maker, and Wall Street Is Noticing A Boring Dividend Growth Strategy Becomes a Solid Defensive Play
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Dorsey Wright & Associates bought a new position in shares of JPMorgan Chase & Co. (NYSE:JPM – Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,862 shares of the financial services provider’s stock, valued at approximately $1,724,000.
Several other institutional investors also recently bought and sold shares of the stock. Morgan Stanley lifted its stake in shares of JPMorgan Chase & Co. by 1.4% in the 4th quarter. Morgan Stanley now owns 66,385,268 shares of the financial services provider’s stock valued at $21,390,662,000 after purchasing an additional 939,421 shares during the period. Norges Bank purchased a new position in JPMorgan Chase & Co. in the fourth quarter valued at $11,396,496,000. Bank of New York Mellon Corp raised its position in shares of JPMorgan Chase & Co. by 5.4% in the fourth quarter. Bank of New York Mellon Corp now owns 23,424,482 shares of the financial services provider’s stock worth $7,547,837,000 after acquiring an additional 1,194,583 shares during the period. Legal & General Group Plc raised its position in shares of JPMorgan Chase & Co. by 0.6% in the fourth quarter. Legal & General Group Plc now owns 19,019,564 shares of the financial services provider’s stock worth $6,128,484,000 after acquiring an additional 110,586 shares during the period. Finally, Fisher Asset Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 1.9% during the 4th quarter. Fisher Asset Management LLC now owns 16,018,656 shares of the financial services provider’s stock worth $5,161,532,000 after acquiring an additional 296,213 shares in the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at JPMorgan Chase & Co. In other news, General Counsel Stacey Friedman sold 5,467 shares of the stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $330.73, for a total value of $1,808,100.91. Following the completion of the sale, the general counsel directly owned 40,961 shares in the company, valued at $13,547,031.53. This represents a 11.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jeremy Barnum sold 3,022 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $309.41, for a total transaction of $935,037.02. Following the completion of the transaction, the chief financial officer directly owned 32,438 shares in the company, valued at approximately $10,036,641.58. This represents a 8.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 18,876 shares of company stock valued at $5,907,051 over the last 90 days. 0.41% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In Several equities analysts recently weighed in on the company. Evercore restated an “outperform” rating and issued a $360.00 price target on shares of JPMorgan Chase & Co. in a research note on Monday, July 6th. Daiwa Securities Group dropped their price objective on JPMorgan Chase & Co. from $340.00 to $328.00 and set an “outperform” rating on the stock in a report on Tuesday, April 7th. Wells Fargo & Company boosted their price objective on JPMorgan Chase & Co. from $360.00 to $375.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. Royal Bank Of Canada upped their target price on JPMorgan Chase & Co. from $330.00 to $370.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 15th. Finally, Dbs Bank upgraded JPMorgan Chase & Co. to a “hold” rating in a research report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $358.67.
Check Out Our Latest Stock Analysis on JPM
JPMorgan Chase & Co. Price Performance Shares of JPMorgan Chase & Co. stock opened at $348.72 on Thursday. The stock has a market capitalization of $934.39 billion, a P/E ratio of 14.94, a PEG ratio of 1.52 and a beta of 0.99. The business has a 50 day simple moving average of $321.65 and a two-hundred day simple moving average of $310.67. JPMorgan Chase & Co. has a 12 month low of $279.10 and a 12 month high of $351.24. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.85 and a quick ratio of 0.86.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last issued its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.59 by $0.55. JPMorgan Chase & Co. had a return on equity of 18.23% and a net margin of 21.86%.The firm had revenue of $58.02 billion for the quarter, compared to analyst estimates of $50.72 billion. During the same period in the previous year, the company posted $4.96 earnings per share. The business’s revenue was up 27.7% on a year-over-year basis. As a group, analysts predict that JPMorgan Chase & Co. will post 23.59 EPS for the current fiscal year.
JPMorgan Chase & Co. Announces Dividend The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, July 6th will be issued a dividend of $1.50 per share. The ex-dividend date of this dividend is Monday, July 6th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.7%. JPMorgan Chase & Co.’s dividend payout ratio is presently 25.71%.
JPMorgan Chase & Co. News Roundup Here are the key news stories impacting JPMorgan Chase & Co. this week:
Positive Sentiment: JPMorgan posted record Q2 2026 results, with record revenue across all business lines and net income of $16.9 billion, underscoring strong underlying business momentum. JPMorgan Chase (JPM) Q2 2026 Earnings Call Transcript Positive Sentiment: Analysts and media outlets highlighted JPM as one of the top big-bank picks after strong earnings and an improving outlook, which supports the stock’s valuation narrative. Buy 3 Top-Ranked Big Investment Banks Amid Solid Q2 Earnings & Outlook Positive Sentiment: JPMorgan stock was noted as being on track for its longest weekly winning streak since early 2024 after the earnings beat, showing momentum traders are still piling in. QUICK SPARK: JPMorgan Stock Eyes Longest Weekly Winning Streak Since Early 2024 Positive Sentiment: Coverage around JPMorgan’s AI adoption suggested automation is already reducing costs in some units, which could help protect margins even if revenue growth moderates. Jamie Dimon Says AI Has Already Cut 30% to 40% of Jobs in Some JPMorgan Units Positive Sentiment: Reports that JPMorgan may help finance Japan’s $550 billion U.S. investment plan and other large global deals point to additional fee opportunities. JPMorgan, other US banks set to help finance Japan’s $550 billion US investment plan, sources say Neutral Sentiment: Jamie Dimon repeated warnings about macro risks, bond market stress, and geopolitical uncertainty. These comments do not directly change JPM’s fundamentals, but they can temper enthusiasm for bank stocks if investors become more cautious. ‘Worse than people expect’: Jamie Dimon sounds alarm about the next credit crisis Neutral Sentiment: Several articles focused on Dimon’s broader market commentary, including his view that stocks and long-term Treasurys look expensive; while notable, this is more about market caution than JPM’s own operating results. JPMorgan CEO Urges Investor Patience JPMorgan Chase & Co. Profile (Free Report)
JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.
The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.
Recommended Stories Five stocks we like better than JPMorgan Chase & Co. Could Truth API Become Trump Media’s First Meaningful Revenue Driver? Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying Moog Is More Than a Missile Maker, and Wall Street Is Noticing A Boring Dividend Growth Strategy Becomes a Solid Defensive Play
Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.
Freemont Management S.A. raised its holdings in JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 350.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,500 shares of the financial services provider’s stock after acquiring an additional 10,500 shares during the period. Freemont Management S.A.’s holdings in JPMorgan Chase & Co. were worth $3,971,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of the business. Fidelis Capital Partners LLC increased its stake in JPMorgan Chase & Co. by 7.9% in the fourth quarter. Fidelis Capital Partners LLC now owns 70,077 shares of the financial services provider’s stock valued at $22,580,000 after acquiring an additional 5,101 shares during the last quarter. Howard Capital Management Inc. lifted its stake in JPMorgan Chase & Co. by 18.2% during the fourth quarter. Howard Capital Management Inc. now owns 25,784 shares of the financial services provider’s stock worth $8,308,000 after purchasing an additional 3,976 shares during the last quarter. Newbridge Financial Services Group Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 51.7% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 8,883 shares of the financial services provider’s stock worth $2,862,000 after purchasing an additional 3,027 shares in the last quarter. Brighton Jones LLC boosted its holdings in shares of JPMorgan Chase & Co. by 11.0% in the 4th quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider’s stock worth $11,682,000 after purchasing an additional 4,841 shares in the last quarter. Finally, KTF Investments LLC purchased a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth about $6,449,000. Institutional investors own 71.55% of the company’s stock.
JPMorgan Chase & Co. Price Performance Shares of JPMorgan Chase & Co. stock opened at $348.72 on Thursday. The company’s fifty day simple moving average is $321.65 and its two-hundred day simple moving average is $310.67. JPMorgan Chase & Co. has a 12-month low of $279.10 and a 12-month high of $351.24. The firm has a market cap of $934.39 billion, a PE ratio of 14.94, a price-to-earnings-growth ratio of 1.52 and a beta of 0.99. The company has a quick ratio of 0.86, a current ratio of 0.85 and a debt-to-equity ratio of 1.30.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last issued its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $6.14 EPS for the quarter, beating the consensus estimate of $5.59 by $0.55. The firm had revenue of $58.02 billion during the quarter, compared to the consensus estimate of $50.72 billion. JPMorgan Chase & Co. had a net margin of 21.86% and a return on equity of 18.23%. The company’s quarterly revenue was up 27.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.96 earnings per share. As a group, equities analysts expect that JPMorgan Chase & Co. will post 23.59 EPS for the current year.
JPMorgan Chase & Co. Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Monday, July 6th will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Monday, July 6th. JPMorgan Chase & Co.’s payout ratio is currently 25.71%.
Key Headlines Impacting JPMorgan Chase & Co. Here are the key news stories impacting JPMorgan Chase & Co. this week:
Positive Sentiment: JPMorgan posted record Q2 2026 results, with record revenue across all business lines and net income of $16.9 billion, underscoring strong underlying business momentum. JPMorgan Chase (JPM) Q2 2026 Earnings Call Transcript Positive Sentiment: Analysts and media outlets highlighted JPM as one of the top big-bank picks after strong earnings and an improving outlook, which supports the stock’s valuation narrative. Buy 3 Top-Ranked Big Investment Banks Amid Solid Q2 Earnings & Outlook Positive Sentiment: JPMorgan stock was noted as being on track for its longest weekly winning streak since early 2024 after the earnings beat, showing momentum traders are still piling in. QUICK SPARK: JPMorgan Stock Eyes Longest Weekly Winning Streak Since Early 2024 Positive Sentiment: Coverage around JPMorgan’s AI adoption suggested automation is already reducing costs in some units, which could help protect margins even if revenue growth moderates. Jamie Dimon Says AI Has Already Cut 30% to 40% of Jobs in Some JPMorgan Units Positive Sentiment: Reports that JPMorgan may help finance Japan’s $550 billion U.S. investment plan and other large global deals point to additional fee opportunities. JPMorgan, other US banks set to help finance Japan’s $550 billion US investment plan, sources say Neutral Sentiment: Jamie Dimon repeated warnings about macro risks, bond market stress, and geopolitical uncertainty. These comments do not directly change JPM’s fundamentals, but they can temper enthusiasm for bank stocks if investors become more cautious. ‘Worse than people expect’: Jamie Dimon sounds alarm about the next credit crisis Neutral Sentiment: Several articles focused on Dimon’s broader market commentary, including his view that stocks and long-term Treasurys look expensive; while notable, this is more about market caution than JPM’s own operating results. JPMorgan CEO Urges Investor Patience Wall Street Analysts Forecast Growth A number of brokerages recently weighed in on JPM. HSBC raised their price objective on JPMorgan Chase & Co. from $288.00 to $312.00 and gave the company a “hold” rating in a report on Monday, May 4th. UBS Group lifted their price target on shares of JPMorgan Chase & Co. from $375.00 to $384.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Royal Bank Of Canada boosted their price objective on shares of JPMorgan Chase & Co. from $330.00 to $370.00 and gave the stock an “outperform” rating in a report on Wednesday, July 15th. Citigroup upped their price objective on shares of JPMorgan Chase & Co. from $325.00 to $360.00 and gave the company a “neutral” rating in a research note on Monday. Finally, Autonomous Res reduced their target price on shares of JPMorgan Chase & Co. from $360.00 to $324.00 and set a “neutral” rating on the stock in a report on Monday, April 6th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $358.67.
View Our Latest Analysis on JPMorgan Chase & Co.
Insider Buying and Selling at JPMorgan Chase & Co. In other JPMorgan Chase & Co. news, CFO Jeremy Barnum sold 3,022 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $309.41, for a total value of $935,037.02. Following the completion of the sale, the chief financial officer owned 32,438 shares in the company, valued at approximately $10,036,641.58. This trade represents a 8.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Jennifer Piepszak sold 4,919 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $309.42, for a total value of $1,522,036.98. Following the completion of the sale, the chief operating officer owned 85,082 shares in the company, valued at approximately $26,326,072.44. This represents a 5.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 18,876 shares of company stock valued at $5,907,051 in the last 90 days. Insiders own 0.41% of the company’s stock.
JPMorgan Chase & Co. Profile (Free Report)
JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.
The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.
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JPMorgan Chase & Co. common stock trades at ~3x tangible book, reflecting strong business momentum but limited upside at current valuation. I rate JPM.PR.D preferred shares a buy near $24–$24.50, offering a 6% yield, modest capital gain potential, and robust dividend safety. JPM common is rated Hold; current buyers need both sustained business growth and premium valuation to achieve attractive returns.
Internal Revenue Service chief Frank Bisignano may have lied to Congress about staffing issues as the tax agency races to hire after making deep personnel cuts at the beginning of the Trump administration, a group of Senate Democrats led by Sen. Elizabeth Warren alleged in a letter sent late Wednesday and shared exclusively with CNBC.
Bisignano, who is also the Social Security Administration commissioner, testified before Congress in March that he "feel[s] good about the number of employees [he] has right now" at the IRS. He also denied that his agency was understaffed before the Senate Finance Committee in April.
Warren, D-Mass., and the other Democrats, however, said in the letter that Bisignano's testimony doesn't align with recent news reports that the IRS is aggressively surging hiring. They also point out that the agency's own inspector general cited staffing shortages as a major concern for the agency, while pointing to an internal memo reported by NOTUS that requested expedited hiring authority due to "ongoing staffing shortages [that] put the 2026 Filing Season at risk."
"New reporting suggests that the IRS understood the need for more agency staff, despite your public assertions to the contrary," the Democrats wrote in the letter sent. "This discrepancy requires an explanation. Under federal law, persons who 'knowingly and willfully … make any materially false, fictitious, or fraudulent statement or representation' to Congress may be subject to penalties.'"
More than a dozen Democrats signed onto the letter, including Senate Finance ranking member Ron Wyden, D-Ore. Sens. Sheldon Whitehouse, D-R.I., Peter Welch, D-Vt., and Raphael Warnock, D-Ga., were also among the letter's signatories.
Knowingly lying to or misleading Congress could be a crime.
The IRS did not immediately respond to a request for comment.
The letter is the latest headache for Bisignano, who was forced to play defense earlier this week after The Wall Street Journal reported he had spied on his former colleagues at JPMorgan Chase. The IRS chief has denied the report, which said he had used his security authority to snoop on his colleagues' communications and access sensitive information.
In his current role, Bisignano sits atop agencies with swaths of confidential information about nearly every American.
It also comes in the wake of last year's massive federal government layoffs led by Elon Musk's Department of Government Efficiency. The IRS alone hemorrhaged more than 31,000 employees as of January 2026, according to a report from the agency's inspector general, a gap that Bisignano has said is being filled by the adoption of new technologies.
The IRS IG said in the June report that staffing had contributed to delays in the agency's work.
"We also know that many departing employees were experienced workers with institutional knowledge and technical expertise that cannot easily be replaced," the IG said in the report. "In our 2026 Filing Season memorandum to the IRS Commissioner, we warned that the IRS faces elevated operational risks for the season due to staffing shortages, delayed hiring, and significant backlogs. For example, key inventories waiting to be processed (such as amended tax returns and taxpayer correspondence) have significantly increased."
Warren and her colleagues demanded that Bisignano clarify whether the reports that the IRS was seeking special hiring authority are accurate and whether he was aware of the internal memo asking for the authority and read it before his testimony to Congress.
They also asked him to clarify his basis for telling Congress that there "was 'no staffing shortage' at the IRS while at the same time seeking hiring authority due to a 'critical hiring need."
JPMorgan Chase (JPM +0.86%) just did something no U.S. bank has ever done. It earned $21.2 billion in a single quarter, up 41% from a year earlier, the largest quarterly profit in the history of American banking. Earnings per share jumped 47%, and every one of the bank's business lines set a record.
Yet JPMorgan Chase CEO Jamie Dimon's reaction was telling. He called the environment "close to as good as it gets," then added, "We just don't know how long it's going to last."
This was a quarter supercharged by Wall Street activity. Equity trading revenue surged 86% to $6 billion, and a big reason was the record-shattering initial public offering of Space Exploration Technologies, the largest IPO ever, which sent a wave of fees to the banks that ran it. Investment banking fees climbed 30% to $3.3 billion, their highest level since 2021, led by strength in equity underwriting. Total revenue rose 27% to $58 billion. A one-time gain tied to the bank's stake in Visa also padded the bottom line.
There is a warning hidden in the good news Here is why I would not simply extrapolate this quarter, and I wouldn't expect continued optimism. Dimon's caveat, which he said during the earnings call, is the whole story. Trading booms and blockbuster IPOs are lumpy and unpredictable, and a deal like SpaceX's does not come along often. One-time gains, by definition, do not repeat.
When the head of the best-run bank in the country says conditions are about as good as they get and openly wonders how long that will hold, he is telling investors this is a high-water mark and really a new baseline. It is worth remembering he has also cautioned that artificial intelligence, for all its efficiency gains, is unlikely to widen the bank's margins because every rival is adopting it too.
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JPMorgan is executing at an extraordinary level, and this quarter is a testament to its scale and diversification across trading, dealmaking, and lending. But a record built on a once-in-history IPO, an 86% trading surge, and a one-off gain is a peak, not a run rate. I would admire the quality of this business without assuming the next few quarters will look anything like this one. The smartest investors treat a blowout like this as a reason to respect JPMorgan, not to bet that the good times never end.
JPMorgan Chase is an advertising partner of Motley Fool Money. Micah Zimmerman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends JPMorgan Chase and Visa. The Motley Fool has a disclosure policy.
Bessemer Group Inc. trimmed its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,460,709 shares of the financial services provider’s stock after selling 237,830 shares during the period. JPMorgan Chase & Co. accounts for 2.1% of Bessemer Group Inc.’s portfolio, making the stock its 8th largest holding. Bessemer Group Inc. owned approximately 0.17% of JPMorgan Chase & Co. worth $1,312,162,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Fidelis Capital Partners LLC grew its stake in shares of JPMorgan Chase & Co. by 7.9% during the fourth quarter. Fidelis Capital Partners LLC now owns 70,077 shares of the financial services provider’s stock valued at $22,580,000 after buying an additional 5,101 shares during the last quarter. Howard Capital Management Inc. boosted its holdings in JPMorgan Chase & Co. by 18.2% during the 4th quarter. Howard Capital Management Inc. now owns 25,784 shares of the financial services provider’s stock valued at $8,308,000 after acquiring an additional 3,976 shares during the period. Newbridge Financial Services Group Inc. grew its position in JPMorgan Chase & Co. by 51.7% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 8,883 shares of the financial services provider’s stock valued at $2,862,000 after acquiring an additional 3,027 shares during the last quarter. Brighton Jones LLC increased its stake in JPMorgan Chase & Co. by 11.0% in the fourth quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider’s stock worth $11,682,000 after purchasing an additional 4,841 shares during the period. Finally, KTF Investments LLC bought a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth $6,449,000. Institutional investors own 71.55% of the company’s stock.
Wall Street Analyst Weigh In Several research analysts recently commented on the stock. Evercore reaffirmed an “outperform” rating and issued a $360.00 price target on shares of JPMorgan Chase & Co. in a research note on Monday, July 6th. UBS Group lifted their target price on JPMorgan Chase & Co. from $375.00 to $384.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Royal Bank Of Canada increased their price target on JPMorgan Chase & Co. from $330.00 to $370.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 15th. Barclays upped their price objective on shares of JPMorgan Chase & Co. from $391.00 to $420.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. Finally, Weiss Ratings raised shares of JPMorgan Chase & Co. from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $356.38.
Get Our Latest Stock Analysis on JPMorgan Chase & Co.
Trending Headlines about JPMorgan Chase & Co. Here are the key news stories impacting JPMorgan Chase & Co. this week:
Positive Sentiment: JPMorgan was named in Reuters reports as a potential participant in financing Japan’s planned $550 billion U.S. investment program, which could create additional fee and lending opportunities for the bank. Article Title Positive Sentiment: Analyst coverage remained constructive, with KBW initiating a Buy rating and a $384 price target, citing JPMorgan’s strong capital position, diversified revenue streams, and upside potential. Article Title Positive Sentiment: A separate note said JPMorgan may be about 4% undervalued based on fee growth and bond issuance activity, pointing to continued strength in capital markets and debt underwriting. Article Title Positive Sentiment: Financial stocks broadly moved higher during afternoon trading, and sector rotation commentary from Jim Cramer favoring banks over volatile tech stocks also supported the group. Article Title Neutral Sentiment: Jamie Dimon gave multiple interviews warning that markets are underestimating geopolitical, fiscal, and bond-market risks, and said he would not be buying stocks or long-term Treasurys at current levels. Those remarks may temper enthusiasm, but they also reinforce his reputation for caution rather than signaling a JPMorgan-specific problem. Article Title Neutral Sentiment: Dimon also said AI is already reducing jobs in some JPMorgan units, but framed it as a way to protect margins and improve efficiency rather than a direct earnings threat. Article Title Negative Sentiment: Dimon’s repeated warnings about geopolitics, U.S. debt, and bond-market risks could make some investors more cautious about the broader banking and market outlook. Article Title Insider Buying and Selling In other news, General Counsel Stacey Friedman sold 5,467 shares of the stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $330.73, for a total value of $1,808,100.91. Following the completion of the sale, the general counsel owned 40,961 shares of the company’s stock, valued at $13,547,031.53. This represents a 11.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Jennifer Piepszak sold 4,919 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $309.42, for a total value of $1,522,036.98. Following the sale, the chief operating officer directly owned 85,082 shares of the company’s stock, valued at approximately $26,326,072.44. This trade represents a 5.47% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 18,876 shares of company stock worth $5,907,051. 0.41% of the stock is owned by corporate insiders.
JPMorgan Chase & Co. Trading Up 1.7% Shares of JPMorgan Chase & Co. stock opened at $344.74 on Wednesday. The company has a current ratio of 0.85, a quick ratio of 0.86 and a debt-to-equity ratio of 1.30. The firm’s 50 day simple moving average is $320.69 and its two-hundred day simple moving average is $310.48. JPMorgan Chase & Co. has a 12-month low of $279.10 and a 12-month high of $351.24. The firm has a market capitalization of $923.73 billion, a price-to-earnings ratio of 14.77, a PEG ratio of 1.51 and a beta of 0.99.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last issued its earnings results on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.59 by $0.55. JPMorgan Chase & Co. had a return on equity of 18.23% and a net margin of 21.86%.The company had revenue of $58.02 billion during the quarter, compared to analyst estimates of $50.72 billion. During the same quarter last year, the business posted $4.96 EPS. The firm’s quarterly revenue was up 27.7% on a year-over-year basis. Analysts predict that JPMorgan Chase & Co. will post 23.38 EPS for the current year.
JPMorgan Chase & Co. Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, July 6th will be paid a $1.50 dividend. The ex-dividend date of this dividend is Monday, July 6th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.7%. JPMorgan Chase & Co.’s payout ratio is currently 25.71%.
JPMorgan Chase & Co. Profile (Free Report)
JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.
The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.
Further Reading Five stocks we like better than JPMorgan Chase & Co. Confidence Is Back, But Earnings Show the Consumer Is Being Picky AeroVironment’s Stock Is Down, But Drone Demand Is Taking Off 3M’s Redemption Arc: Can Q2 Earnings Change the Narrative? 3 Photonics Companies Making Quantum Tech Possible Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM – Free Report).
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Advisortrust Partners LLC raised its stake in JPMorgan Chase & Co. (NYSE:JPM) by 10.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,104 shares of the financial services provider’s stock after buying an additional 2,563 shares during the quarter. JPMorgan Chase & Co. comprises about 3.4% of Advisortrust Partners LLC’s portfolio, making the stock its 9th biggest holding. Advisortrust Partners LLC’s holdings in JPMorgan Chase & Co. were worth $8,267,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently bought and sold shares of JPM. Morgan Stanley raised its stake in JPMorgan Chase & Co. by 1.4% in the fourth quarter. Morgan Stanley now owns 66,385,268 shares of the financial services provider’s stock valued at $21,390,662,000 after buying an additional 939,421 shares in the last quarter. Norges Bank acquired a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth about $11,396,496,000. Bank of New York Mellon Corp lifted its holdings in shares of JPMorgan Chase & Co. by 5.4% in the 4th quarter. Bank of New York Mellon Corp now owns 23,424,482 shares of the financial services provider’s stock valued at $7,547,837,000 after purchasing an additional 1,194,583 shares during the last quarter. Legal & General Group Plc boosted its position in shares of JPMorgan Chase & Co. by 0.6% in the 4th quarter. Legal & General Group Plc now owns 19,019,564 shares of the financial services provider’s stock valued at $6,128,484,000 after purchasing an additional 110,586 shares during the period. Finally, Fisher Asset Management LLC boosted its position in shares of JPMorgan Chase & Co. by 1.9% in the 4th quarter. Fisher Asset Management LLC now owns 16,018,656 shares of the financial services provider’s stock valued at $5,161,532,000 after purchasing an additional 296,213 shares during the period. Hedge funds and other institutional investors own 71.55% of the company’s stock.
Trending Headlines about JPMorgan Chase & Co. Here are the key news stories impacting JPMorgan Chase & Co. this week:
Positive Sentiment: JPMorgan was named in Reuters reports as a potential participant in financing Japan’s planned $550 billion U.S. investment program, which could create additional fee and lending opportunities for the bank. Article Title Positive Sentiment: Analyst coverage remained constructive, with KBW initiating a Buy rating and a $384 price target, citing JPMorgan’s strong capital position, diversified revenue streams, and upside potential. Article Title Positive Sentiment: A separate note said JPMorgan may be about 4% undervalued based on fee growth and bond issuance activity, pointing to continued strength in capital markets and debt underwriting. Article Title Positive Sentiment: Financial stocks broadly moved higher during afternoon trading, and sector rotation commentary from Jim Cramer favoring banks over volatile tech stocks also supported the group. Article Title Neutral Sentiment: Jamie Dimon gave multiple interviews warning that markets are underestimating geopolitical, fiscal, and bond-market risks, and said he would not be buying stocks or long-term Treasurys at current levels. Those remarks may temper enthusiasm, but they also reinforce his reputation for caution rather than signaling a JPMorgan-specific problem. Article Title Neutral Sentiment: Dimon also said AI is already reducing jobs in some JPMorgan units, but framed it as a way to protect margins and improve efficiency rather than a direct earnings threat. Article Title Negative Sentiment: Dimon’s repeated warnings about geopolitics, U.S. debt, and bond-market risks could make some investors more cautious about the broader banking and market outlook. Article Title Insider Buying and Selling In other JPMorgan Chase & Co. news, CFO Jeremy Barnum sold 3,022 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $309.41, for a total value of $935,037.02. Following the sale, the chief financial officer directly owned 32,438 shares of the company’s stock, valued at approximately $10,036,641.58. This trade represents a 8.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Stacey Friedman sold 5,468 shares of JPMorgan Chase & Co. stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $300.27, for a total value of $1,641,876.36. Following the completion of the sale, the general counsel owned 46,428 shares of the company’s stock, valued at $13,940,935.56. This trade represents a 10.54% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 18,876 shares of company stock worth $5,907,051. 0.41% of the stock is owned by company insiders.
JPMorgan Chase & Co. Stock Performance Shares of JPM stock opened at $344.74 on Wednesday. The stock has a fifty day moving average price of $320.69 and a 200 day moving average price of $310.48. The stock has a market cap of $923.73 billion, a PE ratio of 14.77, a P/E/G ratio of 1.51 and a beta of 0.99. JPMorgan Chase & Co. has a 1 year low of $279.10 and a 1 year high of $351.24. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.86 and a current ratio of 0.85.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last released its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share for the quarter, topping analysts’ consensus estimates of $5.59 by $0.55. JPMorgan Chase & Co. had a return on equity of 18.23% and a net margin of 21.86%.The company had revenue of $58.02 billion during the quarter, compared to analysts’ expectations of $50.72 billion. During the same period in the previous year, the firm posted $4.96 earnings per share. The business’s revenue for the quarter was up 27.7% compared to the same quarter last year. Sell-side analysts forecast that JPMorgan Chase & Co. will post 23.38 earnings per share for the current fiscal year.
JPMorgan Chase & Co. Dividend Announcement The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Monday, July 6th will be paid a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 1.7%. The ex-dividend date is Monday, July 6th. JPMorgan Chase & Co.’s dividend payout ratio is presently 25.71%.
Wall Street Analyst Weigh In JPM has been the topic of several research reports. Truist Financial raised their price objective on shares of JPMorgan Chase & Co. from $344.00 to $352.00 and gave the stock a “hold” rating in a research report on Wednesday, July 15th. Jefferies Financial Group set a $350.00 target price on shares of JPMorgan Chase & Co. in a report on Tuesday, July 14th. The Goldman Sachs Group reiterated a “buy” rating and set a $418.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 14th. Argus raised their price target on JPMorgan Chase & Co. from $340.00 to $355.00 and gave the stock a “buy” rating in a report on Wednesday, April 15th. Finally, DZ Bank reaffirmed a “neutral” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $356.38.
Check Out Our Latest Research Report on JPMorgan Chase & Co.
JPMorgan Chase & Co. Profile (Free Report)
JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.
The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.
Featured Articles Five stocks we like better than JPMorgan Chase & Co. Confidence Is Back, But Earnings Show the Consumer Is Being Picky AeroVironment’s Stock Is Down, But Drone Demand Is Taking Off 3M’s Redemption Arc: Can Q2 Earnings Change the Narrative? 3 Photonics Companies Making Quantum Tech Possible Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM – Free Report).
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Barings LLC decreased its position in shares of JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 43.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,891 shares of the financial services provider’s stock after selling 3,736 shares during the period. Barings LLC’s holdings in JPMorgan Chase & Co. were worth $1,439,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of JPM. Essential Planning LLC. raised its stake in shares of JPMorgan Chase & Co. by 2.4% during the 4th quarter. Essential Planning LLC. now owns 1,399 shares of the financial services provider’s stock worth $451,000 after purchasing an additional 33 shares in the last quarter. Sterling Group Wealth Management LLC grew its stake in shares of JPMorgan Chase & Co. by 0.8% in the 1st quarter. Sterling Group Wealth Management LLC now owns 4,020 shares of the financial services provider’s stock valued at $1,183,000 after buying an additional 33 shares in the last quarter. Spinnaker Investment Group LLC grew its stake in shares of JPMorgan Chase & Co. by 0.7% in the 4th quarter. Spinnaker Investment Group LLC now owns 5,183 shares of the financial services provider’s stock valued at $1,670,000 after buying an additional 34 shares in the last quarter. Vestia Personal Wealth Advisors increased its holdings in JPMorgan Chase & Co. by 2.7% in the fourth quarter. Vestia Personal Wealth Advisors now owns 1,294 shares of the financial services provider’s stock worth $391,000 after buying an additional 34 shares during the last quarter. Finally, South Street Advisors LLC increased its holdings in JPMorgan Chase & Co. by 0.4% in the fourth quarter. South Street Advisors LLC now owns 9,421 shares of the financial services provider’s stock worth $3,036,000 after buying an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.
Analyst Ratings Changes Several brokerages recently weighed in on JPM. Autonomous Res cut their price objective on shares of JPMorgan Chase & Co. from $360.00 to $324.00 and set a “neutral” rating on the stock in a research report on Monday, April 6th. Zacks Research upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Piper Sandler raised their price target on shares of JPMorgan Chase & Co. from $325.00 to $345.00 and gave the company an “overweight” rating in a report on Wednesday, April 15th. HSBC lifted their price objective on shares of JPMorgan Chase & Co. from $288.00 to $312.00 and gave the company a “hold” rating in a research note on Monday, May 4th. Finally, Royal Bank Of Canada increased their target price on shares of JPMorgan Chase & Co. from $330.00 to $370.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and an average target price of $356.38.
Check Out Our Latest Research Report on JPMorgan Chase & Co.
More JPMorgan Chase & Co. News Here are the key news stories impacting JPMorgan Chase & Co. this week:
Positive Sentiment: JPMorgan was named in Reuters reports as a potential participant in financing Japan’s planned $550 billion U.S. investment program, which could create additional fee and lending opportunities for the bank. Article Title Positive Sentiment: Analyst coverage remained constructive, with KBW initiating a Buy rating and a $384 price target, citing JPMorgan’s strong capital position, diversified revenue streams, and upside potential. Article Title Positive Sentiment: A separate note said JPMorgan may be about 4% undervalued based on fee growth and bond issuance activity, pointing to continued strength in capital markets and debt underwriting. Article Title Positive Sentiment: Financial stocks broadly moved higher during afternoon trading, and sector rotation commentary from Jim Cramer favoring banks over volatile tech stocks also supported the group. Article Title Neutral Sentiment: Jamie Dimon gave multiple interviews warning that markets are underestimating geopolitical, fiscal, and bond-market risks, and said he would not be buying stocks or long-term Treasurys at current levels. Those remarks may temper enthusiasm, but they also reinforce his reputation for caution rather than signaling a JPMorgan-specific problem. Article Title Neutral Sentiment: Dimon also said AI is already reducing jobs in some JPMorgan units, but framed it as a way to protect margins and improve efficiency rather than a direct earnings threat. Article Title Negative Sentiment: Dimon’s repeated warnings about geopolitics, U.S. debt, and bond-market risks could make some investors more cautious about the broader banking and market outlook. Article Title JPMorgan Chase & Co. Trading Up 1.7% Shares of JPM stock opened at $344.74 on Wednesday. JPMorgan Chase & Co. has a 12 month low of $279.10 and a 12 month high of $351.24. The company has a quick ratio of 0.86, a current ratio of 0.85 and a debt-to-equity ratio of 1.30. The business’s 50 day moving average is $320.69 and its two-hundred day moving average is $310.48. The company has a market cap of $923.73 billion, a PE ratio of 14.77, a price-to-earnings-growth ratio of 1.51 and a beta of 0.99.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last released its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $6.14 EPS for the quarter, beating analysts’ consensus estimates of $5.59 by $0.55. JPMorgan Chase & Co. had a net margin of 21.86% and a return on equity of 18.23%. The company had revenue of $58.02 billion for the quarter, compared to analyst estimates of $50.72 billion. During the same quarter last year, the firm posted $4.96 earnings per share. The company’s quarterly revenue was up 27.7% compared to the same quarter last year. Equities analysts predict that JPMorgan Chase & Co. will post 23.38 EPS for the current year.
JPMorgan Chase & Co. Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Monday, July 6th will be issued a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 1.7%. The ex-dividend date is Monday, July 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 25.71%.
Insiders Place Their Bets In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 4,919 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $309.42, for a total transaction of $1,522,036.98. Following the completion of the transaction, the chief operating officer owned 85,082 shares of the company’s stock, valued at $26,326,072.44. The trade was a 5.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Stacey Friedman sold 5,468 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $300.27, for a total transaction of $1,641,876.36. Following the sale, the general counsel owned 46,428 shares of the company’s stock, valued at $13,940,935.56. This trade represents a 10.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 18,876 shares of company stock valued at $5,907,051 in the last quarter. Insiders own 0.41% of the company’s stock.
JPMorgan Chase & Co. Company Profile (Free Report)
JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.
The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.
See Also Five stocks we like better than JPMorgan Chase & Co. Confidence Is Back, But Earnings Show the Consumer Is Being Picky AeroVironment’s Stock Is Down, But Drone Demand Is Taking Off 3M’s Redemption Arc: Can Q2 Earnings Change the Narrative? 3 Photonics Companies Making Quantum Tech Possible
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Financiere des Professionnels Fonds d investissement inc. lifted its holdings in JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 249.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 66,853 shares of the financial services provider’s stock after acquiring an additional 47,698 shares during the period. JPMorgan Chase & Co. accounts for approximately 1.2% of Financiere des Professionnels Fonds d investissement inc.’s holdings, making the stock its 20th biggest holding. Financiere des Professionnels Fonds d investissement inc.’s holdings in JPMorgan Chase & Co. were worth $19,665,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Timmons Wealth Management LLC purchased a new stake in JPMorgan Chase & Co. during the fourth quarter valued at approximately $27,000. MBM Wealth Consultants LLC bought a new stake in shares of JPMorgan Chase & Co. in the 1st quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $32,000. Osbon Capital Management LLC purchased a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $35,000. Finally, Turning Point Benefit Group Inc. bought a new position in shares of JPMorgan Chase & Co. during the 3rd quarter valued at approximately $35,000. Institutional investors own 71.55% of the company’s stock.
Key Stories Impacting JPMorgan Chase & Co. Here are the key news stories impacting JPMorgan Chase & Co. this week:
Positive Sentiment: JPMorgan was named in Reuters reports as a potential participant in financing Japan’s planned $550 billion U.S. investment program, which could create additional fee and lending opportunities for the bank. Article Title Positive Sentiment: Analyst coverage remained constructive, with KBW initiating a Buy rating and a $384 price target, citing JPMorgan’s strong capital position, diversified revenue streams, and upside potential. Article Title Positive Sentiment: A separate note said JPMorgan may be about 4% undervalued based on fee growth and bond issuance activity, pointing to continued strength in capital markets and debt underwriting. Article Title Positive Sentiment: Financial stocks broadly moved higher during afternoon trading, and sector rotation commentary from Jim Cramer favoring banks over volatile tech stocks also supported the group. Article Title Neutral Sentiment: Jamie Dimon gave multiple interviews warning that markets are underestimating geopolitical, fiscal, and bond-market risks, and said he would not be buying stocks or long-term Treasurys at current levels. Those remarks may temper enthusiasm, but they also reinforce his reputation for caution rather than signaling a JPMorgan-specific problem. Article Title Neutral Sentiment: Dimon also said AI is already reducing jobs in some JPMorgan units, but framed it as a way to protect margins and improve efficiency rather than a direct earnings threat. Article Title Negative Sentiment: Dimon’s repeated warnings about geopolitics, U.S. debt, and bond-market risks could make some investors more cautious about the broader banking and market outlook. Article Title Wall Street Analysts Forecast Growth Several analysts recently weighed in on the company. UBS Group increased their price target on JPMorgan Chase & Co. from $375.00 to $384.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Keefe, Bruyette & Woods lifted their price objective on shares of JPMorgan Chase & Co. from $370.00 to $384.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 15th. Evercore reiterated an “outperform” rating and set a $360.00 price objective on shares of JPMorgan Chase & Co. in a research report on Monday, July 6th. Citigroup boosted their price objective on shares of JPMorgan Chase & Co. from $325.00 to $360.00 and gave the company a “neutral” rating in a research report on Monday. Finally, HSBC increased their target price on shares of JPMorgan Chase & Co. from $288.00 to $312.00 and gave the company a “hold” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and an average price target of $356.38.
Read Our Latest Analysis on JPM
Insiders Place Their Bets In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 4,919 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $309.42, for a total value of $1,522,036.98. Following the transaction, the chief operating officer directly owned 85,082 shares in the company, valued at $26,326,072.44. This represents a 5.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jeremy Barnum sold 3,022 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $309.41, for a total transaction of $935,037.02. Following the transaction, the chief financial officer directly owned 32,438 shares in the company, valued at approximately $10,036,641.58. This trade represents a 8.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 18,876 shares of company stock worth $5,907,051 in the last three months. Corporate insiders own 0.41% of the company’s stock.
JPMorgan Chase & Co. Stock Up 1.7% Shares of JPM opened at $344.74 on Wednesday. The firm has a market capitalization of $923.73 billion, a P/E ratio of 14.77, a P/E/G ratio of 1.51 and a beta of 0.99. JPMorgan Chase & Co. has a 12-month low of $279.10 and a 12-month high of $351.24. The company has a current ratio of 0.85, a quick ratio of 0.86 and a debt-to-equity ratio of 1.30. The firm has a fifty day moving average price of $320.69 and a 200-day moving average price of $310.48.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last posted its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $6.14 EPS for the quarter, topping analysts’ consensus estimates of $5.59 by $0.55. The firm had revenue of $58.02 billion for the quarter, compared to analysts’ expectations of $50.72 billion. JPMorgan Chase & Co. had a net margin of 21.86% and a return on equity of 18.23%. The business’s revenue for the quarter was up 27.7% on a year-over-year basis. During the same period in the prior year, the business posted $4.96 earnings per share. Equities research analysts expect that JPMorgan Chase & Co. will post 23.38 earnings per share for the current year.
JPMorgan Chase & Co. Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Monday, July 6th will be given a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Monday, July 6th. JPMorgan Chase & Co.’s payout ratio is 25.71%.
JPMorgan Chase & Co. Company Profile (Free Report)
JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.
The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.
Featured Stories Five stocks we like better than JPMorgan Chase & Co. Confidence Is Back, But Earnings Show the Consumer Is Being Picky AeroVironment’s Stock Is Down, But Drone Demand Is Taking Off 3M’s Redemption Arc: Can Q2 Earnings Change the Narrative? 3 Photonics Companies Making Quantum Tech Possible
Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.
Arcus Capital Partners LLC trimmed its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 63.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,453 shares of the financial services provider’s stock after selling 2,534 shares during the quarter. Arcus Capital Partners LLC’s holdings in JPMorgan Chase & Co. were worth $427,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the stock. Essential Planning LLC. increased its position in JPMorgan Chase & Co. by 2.4% during the 4th quarter. Essential Planning LLC. now owns 1,399 shares of the financial services provider’s stock valued at $451,000 after purchasing an additional 33 shares during the period. Sterling Group Wealth Management LLC lifted its position in shares of JPMorgan Chase & Co. by 0.8% in the 1st quarter. Sterling Group Wealth Management LLC now owns 4,020 shares of the financial services provider’s stock worth $1,183,000 after purchasing an additional 33 shares during the period. Spinnaker Investment Group LLC lifted its position in shares of JPMorgan Chase & Co. by 0.7% in the 4th quarter. Spinnaker Investment Group LLC now owns 5,183 shares of the financial services provider’s stock worth $1,670,000 after purchasing an additional 34 shares during the period. Vestia Personal Wealth Advisors boosted its stake in shares of JPMorgan Chase & Co. by 2.7% during the fourth quarter. Vestia Personal Wealth Advisors now owns 1,294 shares of the financial services provider’s stock valued at $391,000 after purchasing an additional 34 shares in the last quarter. Finally, South Street Advisors LLC boosted its stake in shares of JPMorgan Chase & Co. by 0.4% during the fourth quarter. South Street Advisors LLC now owns 9,421 shares of the financial services provider’s stock valued at $3,036,000 after purchasing an additional 34 shares in the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.
JPMorgan Chase & Co. News Summary Here are the key news stories impacting JPMorgan Chase & Co. this week:
Positive Sentiment: JPMorgan was named in Reuters reports as a potential participant in financing Japan’s planned $550 billion U.S. investment program, which could create additional fee and lending opportunities for the bank. Article Title Positive Sentiment: Analyst coverage remained constructive, with KBW initiating a Buy rating and a $384 price target, citing JPMorgan’s strong capital position, diversified revenue streams, and upside potential. Article Title Positive Sentiment: A separate note said JPMorgan may be about 4% undervalued based on fee growth and bond issuance activity, pointing to continued strength in capital markets and debt underwriting. Article Title Positive Sentiment: Financial stocks broadly moved higher during afternoon trading, and sector rotation commentary from Jim Cramer favoring banks over volatile tech stocks also supported the group. Article Title Neutral Sentiment: Jamie Dimon gave multiple interviews warning that markets are underestimating geopolitical, fiscal, and bond-market risks, and said he would not be buying stocks or long-term Treasurys at current levels. Those remarks may temper enthusiasm, but they also reinforce his reputation for caution rather than signaling a JPMorgan-specific problem. Article Title Neutral Sentiment: Dimon also said AI is already reducing jobs in some JPMorgan units, but framed it as a way to protect margins and improve efficiency rather than a direct earnings threat. Article Title Negative Sentiment: Dimon’s repeated warnings about geopolitics, U.S. debt, and bond-market risks could make some investors more cautious about the broader banking and market outlook. Article Title JPMorgan Chase & Co. Stock Performance JPM opened at $344.74 on Wednesday. The firm’s 50-day moving average price is $320.69 and its 200-day moving average price is $310.48. The company has a market cap of $923.73 billion, a P/E ratio of 14.77, a price-to-earnings-growth ratio of 1.51 and a beta of 0.99. JPMorgan Chase & Co. has a 52-week low of $279.10 and a 52-week high of $351.24. The company has a quick ratio of 0.86, a current ratio of 0.85 and a debt-to-equity ratio of 1.30.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last released its earnings results on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.59 by $0.55. The firm had revenue of $58.02 billion for the quarter, compared to the consensus estimate of $50.72 billion. JPMorgan Chase & Co. had a return on equity of 18.23% and a net margin of 21.86%.The firm’s revenue was up 27.7% on a year-over-year basis. During the same period in the prior year, the firm earned $4.96 EPS. As a group, equities analysts anticipate that JPMorgan Chase & Co. will post 23.38 EPS for the current fiscal year.
JPMorgan Chase & Co. Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Monday, July 6th will be issued a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 1.7%. The ex-dividend date is Monday, July 6th. JPMorgan Chase & Co.’s dividend payout ratio is 25.71%.
Insiders Place Their Bets In other news, COO Jennifer Piepszak sold 4,919 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $309.42, for a total value of $1,522,036.98. Following the completion of the transaction, the chief operating officer owned 85,082 shares of the company’s stock, valued at $26,326,072.44. The trade was a 5.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Stacey Friedman sold 5,468 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $300.27, for a total value of $1,641,876.36. Following the completion of the sale, the general counsel owned 46,428 shares in the company, valued at $13,940,935.56. The trade was a 10.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 18,876 shares of company stock valued at $5,907,051. 0.41% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth Several brokerages recently issued reports on JPM. Truist Financial lifted their price objective on shares of JPMorgan Chase & Co. from $344.00 to $352.00 and gave the company a “hold” rating in a report on Wednesday, July 15th. Weiss Ratings raised JPMorgan Chase & Co. from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, July 6th. Bank of America lifted their target price on JPMorgan Chase & Co. from $408.00 to $420.00 and gave the company a “buy” rating in a research note on Thursday, July 16th. Dbs Bank upgraded shares of JPMorgan Chase & Co. to a “hold” rating in a report on Tuesday, May 12th. Finally, Evercore reissued an “outperform” rating and set a $360.00 price target on shares of JPMorgan Chase & Co. in a research report on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and a consensus price target of $356.38.
Check Out Our Latest Stock Analysis on JPM
About JPMorgan Chase & Co. (Free Report)
JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.
The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.
See Also Five stocks we like better than JPMorgan Chase & Co. Confidence Is Back, But Earnings Show the Consumer Is Being Picky AeroVironment’s Stock Is Down, But Drone Demand Is Taking Off 3M’s Redemption Arc: Can Q2 Earnings Change the Narrative? 3 Photonics Companies Making Quantum Tech Possible Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM – Free Report).
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Angeles Wealth Management LLC raised its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,718 shares of the financial services provider’s stock after buying an additional 1,778 shares during the period. JPMorgan Chase & Co. accounts for approximately 0.6% of Angeles Wealth Management LLC’s portfolio, making the stock its 27th biggest holding. Angeles Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $10,507,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in JPM. Brighton Jones LLC raised its stake in shares of JPMorgan Chase & Co. by 11.0% in the fourth quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider’s stock worth $11,682,000 after acquiring an additional 4,841 shares during the last quarter. Acorns Advisers LLC grew its holdings in JPMorgan Chase & Co. by 6.9% during the 1st quarter. Acorns Advisers LLC now owns 1,547 shares of the financial services provider’s stock worth $379,000 after acquiring an additional 100 shares during the period. Ignite Planners LLC raised its position in shares of JPMorgan Chase & Co. by 0.7% during the 2nd quarter. Ignite Planners LLC now owns 10,934 shares of the financial services provider’s stock valued at $3,185,000 after acquiring an additional 78 shares during the last quarter. Jump Financial LLC bought a new stake in JPMorgan Chase & Co. in the second quarter valued at about $1,475,000. Finally, Betterment LLC lifted its stake in JPMorgan Chase & Co. by 27.5% in the second quarter. Betterment LLC now owns 1,970 shares of the financial services provider’s stock valued at $571,000 after buying an additional 425 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.
Analyst Upgrades and Downgrades Several research firms have weighed in on JPM. Royal Bank Of Canada lifted their target price on JPMorgan Chase & Co. from $330.00 to $370.00 and gave the stock an “outperform” rating in a report on Wednesday, July 15th. Keefe, Bruyette & Woods increased their price objective on JPMorgan Chase & Co. from $370.00 to $384.00 and gave the company an “outperform” rating in a report on Wednesday, July 15th. DZ Bank reiterated a “neutral” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, April 15th. Argus upped their price objective on shares of JPMorgan Chase & Co. from $340.00 to $355.00 and gave the company a “buy” rating in a report on Wednesday, April 15th. Finally, Jefferies Financial Group set a $350.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and an average price target of $356.38.
Read Our Latest Stock Report on JPM
JPMorgan Chase & Co. News Summary Here are the key news stories impacting JPMorgan Chase & Co. this week:
Positive Sentiment: JPMorgan was named in Reuters reports as a potential participant in financing Japan’s planned $550 billion U.S. investment program, which could create additional fee and lending opportunities for the bank. Article Title Positive Sentiment: Analyst coverage remained constructive, with KBW initiating a Buy rating and a $384 price target, citing JPMorgan’s strong capital position, diversified revenue streams, and upside potential. Article Title Positive Sentiment: A separate note said JPMorgan may be about 4% undervalued based on fee growth and bond issuance activity, pointing to continued strength in capital markets and debt underwriting. Article Title Positive Sentiment: Financial stocks broadly moved higher during afternoon trading, and sector rotation commentary from Jim Cramer favoring banks over volatile tech stocks also supported the group. Article Title Neutral Sentiment: Jamie Dimon gave multiple interviews warning that markets are underestimating geopolitical, fiscal, and bond-market risks, and said he would not be buying stocks or long-term Treasurys at current levels. Those remarks may temper enthusiasm, but they also reinforce his reputation for caution rather than signaling a JPMorgan-specific problem. Article Title Neutral Sentiment: Dimon also said AI is already reducing jobs in some JPMorgan units, but framed it as a way to protect margins and improve efficiency rather than a direct earnings threat. Article Title Negative Sentiment: Dimon’s repeated warnings about geopolitics, U.S. debt, and bond-market risks could make some investors more cautious about the broader banking and market outlook. Article Title Insider Buying and Selling In other news, CFO Jeremy Barnum sold 3,022 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $309.41, for a total transaction of $935,037.02. Following the completion of the sale, the chief financial officer directly owned 32,438 shares of the company’s stock, valued at $10,036,641.58. The trade was a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Stacey Friedman sold 5,468 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $300.27, for a total value of $1,641,876.36. Following the completion of the sale, the general counsel directly owned 46,428 shares of the company’s stock, valued at $13,940,935.56. The trade was a 10.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 18,876 shares of company stock valued at $5,907,051 over the last ninety days. 0.41% of the stock is owned by corporate insiders.
JPMorgan Chase & Co. Stock Performance Shares of JPMorgan Chase & Co. stock opened at $344.74 on Wednesday. The stock has a market cap of $923.73 billion, a price-to-earnings ratio of 14.77, a P/E/G ratio of 1.51 and a beta of 0.99. JPMorgan Chase & Co. has a twelve month low of $279.10 and a twelve month high of $351.24. The company’s fifty day moving average is $320.69 and its 200 day moving average is $310.48. The company has a quick ratio of 0.86, a current ratio of 0.85 and a debt-to-equity ratio of 1.30.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last issued its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.59 by $0.55. JPMorgan Chase & Co. had a net margin of 21.86% and a return on equity of 18.23%. The firm had revenue of $58.02 billion for the quarter, compared to the consensus estimate of $50.72 billion. During the same quarter in the previous year, the company earned $4.96 EPS. The company’s revenue for the quarter was up 27.7% on a year-over-year basis. Sell-side analysts forecast that JPMorgan Chase & Co. will post 23.38 EPS for the current year.
JPMorgan Chase & Co. Dividend Announcement The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Monday, July 6th will be given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Monday, July 6th. JPMorgan Chase & Co.’s payout ratio is presently 25.71%.
JPMorgan Chase & Co. Company Profile (Free Report)
JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.
The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.
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Earnings season has arrived once again, and last week, several major banks reported their second-quarter results.
Banks like JPMorgan Chase (JPM +1.88%) and Bank of America (BAC +1.32%) serve millions of American households and hold trillions in consumer deposits. These banks can help investors understand how Americans are spending their money, as well as the challenges some may face with debt and delinquency.
Here's what these bank earnings just revealed about the health of the American consumer right now.
Image source: Getty Images.
Consumers across the credit spectrum are holding up well There has been a lot of discussion about the K-shaped economy, which refers to a divergence in which high-income households are benefiting from rising wealth and spending, while lower-income groups face stagnant wages and inflation. The upper part of the K represents asset-rich consumers who profit from stock market gains, while the lower part represents those struggling with price increases amid persistent inflation, fueling fears of an economic slowdown.
In their earnings calls, bank executives have pushed back against the K-shaped recovery story, saying that consumers across the credit spectrum are holding up well. JPMorgan Chief Financial Officer Jeremy Barnum told investors during the company's Q2 earnings call that consumer spending is "robust and across income segments" and that its better-than-expected credit performance is visible "pretty much across the board by any kind of FICO score."
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If lower-income consumers were buckling, it would typically show up in late payments and depleted savings. However, Bank of America also reported that consumers remain resilient, with "average deposit investment balances and spending all showed linked quarter increases," according to CFO Alastair Borthwick.
Delinquencies are down while spending is up The data backs up what bankers are saying. In Q2, JPMorgan's net charge-off rate came in at 3.34%, down from 3.47% in Q1 and a 6-basis-point improvement from last year's Q2. This positive development has enabled the bank to lower its full-year net charge-off rate forecast to 3.2%. At Bank of America, the credit card charge-off rate was 3.55% for the quarter, down from 3.82% a year ago and 3.64% in the previous quarter.
Credit metrics are holding up well, as is spending. At JPMorgan, combined debit and credit card sales volumes increased by 10% year over year. At Bank of America, these volumes rose 9%.
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Bank executives attribute the strong performance to a couple of factors. Bank of America pointed to a stable labor market, with the unemployment rate hovering around 4.2% and new jobless claims remaining low. JPMorgan echoed the sentiment about a strong labor market and noted a positive tailwind from higher tax refunds in the quarter.
Resilient consumers should help support further economic growth Bankers said that consumers are performing well across the income and credit spectrum, though they admit some cohorts may still be struggling. During the Morgan Stanley U.S. Financials Conference in June, Marianne Lake, Chief Executive Officer of JPMorgan's consumer and community banking division, noted that a small group is seeing wages fail to keep pace with inflation.
Bank of America notes that wealthy clients are doing exceptionally well, as its global wealth and investment management division saw client balances jump 12% year over year to an all-time high of $4.9 trillion, leading to record revenue of $6.9 billion, a 16% increase year over year.
Banks continue to keep a close eye on inflation and on pockets of consumers experiencing falling real wages. That said, the American consumer remains strong and resilient. As unemployment remains relatively low and credit metrics improve, banks remain confident in extending credit, which should help support consumer spending and drive continued economic growth as we head into the second half of 2026.
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On the July 14 earnings call, JPMorgan Chase (JPM +1.78%) CEO Jamie Dimon disclosed that artificial intelligence (AI) has already eliminated 30% to 40% of headcount in some of the bank's units. In the same breath, he tempered any hope that this would translate into fatter profits, warning that "you don't uniquely benefit from AI." That single sentence, more than the job-cut figure, is the one investors should study.
This is not a pilot program. JPMorgan is spending nearly $20 billion on technology this year, runs close to 1,000 AI use cases across functions from fraud detection to back-office processing, and now has roughly 150,000 of its more than 300,000 employees using an internal large language model every week. The headcount reductions Dimon described are the visible output of that investment: Real efficiency, applied at an industrial scale, already reshaping how the bank operates.
Jamie Dimon, CEO of JPMorgan Chase. Image source: JPMorgan Chase & Co.
Why the savings may not reach the bottom line Here is an analytically important part. A technology confers a durable advantage only when it is proprietary or scarce. When it diffuses across an entire industry, competition dissipates the excess returns it generates. Banking is intensely competitive and largely commoditized, so if every institution deploys similar AI tools, no single firm can hold onto the productivity windfall. The gains instead get passed through to customers in the form of lower prices, better service, or higher deposit rates, a textbook case of competitive pass-through.
That is precisely Dimon's point. AI lowers the cost of doing business, but it also lowers rivals' costs by roughly the same amount, leaving relative margins little changed. Worse, the technology is not free to run. CFO Jeremy Barnum cautioned that spending on generative AI is set to climb sharply in the second half of 2026, meaning some of the labor savings will be recycled into higher computing bills rather than dropping to earnings.
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The takeaway for JPMorgan Chase investors The takeaway here is a sobering one for anyone expecting an AI-driven profit surge at the big banks. AI is genuinely transforming JPMorgan's cost structure, trading expensive headcount for cheaper software, and that is real progress. But because the same transformation is available to every competitor, the productivity gains are more likely to flow to customers than to shareholders.
For investors, AI at JPMorgan is best understood as a defensive necessity, the price of staying competitive, rather than an offensive source of expanding margins. The bank that fails to adopt it would fall behind; the bank that adopts it merely keeps pace. That distinction is the difference between a cost saver and a moat, and Dimon is candidly telling the market it is the former.
The federal government has been sending money to deceased individuals, and Treasury Secretary Scott Bessent says the administration has built a system to stop it, one he argues is just scratching the surface of a far larger problem.
In a Fox Business appearance on July 21, 2026, Bessent announced that the Trump administration has implemented a government-wide payment verification process designed to keep federal funds from reaching deceased individuals. According to Bessent, the system has already stopped roughly 5,000 payments totaling about $99 million.
“So far we have saved 100 million dollars, payments that did not go to deceased people,” Bessent said, adding that the effort could prevent “up to 350 million that we can stop before end of this year.”
How the System Works The verification process, created through a presidential executive order, integrates the federal “do-not-pay” database with Treasury’s payment systems, checking outgoing payments against records of the deceased before the money leaves. Bessent described it as part of a broader push by the Vice President’s task force to root out waste and fraud across the government.
He framed the initiative in the administration’s own language. “This is part of what President Trump calls his common sense agenda,” Bessent said. “It is common sense.”
Stopping the Money at the Source Bessent’s argument centers on prevention rather than recovery. Once an improper payment goes out the door, clawing it back is slow, costly, and often futile.
“Once money gets out, trying to retrieve it, very, very difficult,” Bessent said. “Stopping at the source, our goal. There is hundreds of billions of dollars here. This is the start.” The system aims to block payments before they leave Treasury, avoiding the slow and costly process of clawing funds back after disbursement.
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Bessent also drew a pointed contrast with the prior administration. “In the Biden administration, HHS got rid of 50 or 60 people charged with monitoring fraud,” he said, arguing the current effort prioritizes keeping improper payments from going out in the first place.
The Much Bigger Number The $99 million already stopped is, by Bessent’s own framing, just a starting point. The far larger figure comes from the Government Accountability Office, which estimates that improper payments across the federal government could run as high as $500 billion, an amount the segment noted represents roughly 1.66% of GDP.
That is the “$500 billion more at stake” the administration is pointing toward. The GAO’s improper-payments estimate spans far more than checks to dead people. It includes overpayments, underpayments, payments made without proper documentation, and administrative errors across programs, not solely fraud. Payments to the deceased are one identifiable slice of a much broader category, which is part of why capturing the full $500 billion is a far taller order than stopping 5,000 checks.
Why It Matters Waste, fraud, and improper payments are among the rare fiscal issues with bipartisan appeal. Nobody is in favor of mailing checks to the dead, and prevention that costs little to implement is an easy case to make. Against a backdrop of a national debt that has become a central economic worry, with JPMorgan Chase (NYSE:JPM | JPM Price Prediction) CEO Jamie Dimon recently flagging $24 billion per week in federal interest payments on a $39 trillion national debt, any credible effort to plug leaks in federal spending draws attention.
The open questions are about scale and durability. Stopping $99 million is a concrete, verifiable win. Turning that into the “hundreds of billions” Bessent invokes would require the verification net to expand well beyond deceased-recipient checks into the messier, harder-to-fix categories the GAO describes, and to keep working across administrations. Bessent says the infrastructure is now in place to do exactly that.
For now, the headline number is modest relative to the problem, but the principle behind it is hard to argue with. As Bessent put it, this is “the start.” Whether it grows into the half-trillion-dollar opportunity he describes, or plateaus as a useful but limited fix, will be the real test of the common-sense pitch.
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Aware Super Pty Ltd as trustee of Aware Super acquired a new position in shares of JPMorgan Chase & Co. (NYSE:JPM) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 298,631 shares of the financial services provider’s stock, valued at approximately $87,845,000. JPMorgan Chase & Co. comprises about 1.3% of Aware Super Pty Ltd as trustee of Aware Super’s holdings, making the stock its 12th largest position.
Other large investors have also made changes to their positions in the company. Morgan Stanley increased its stake in JPMorgan Chase & Co. by 1.4% during the fourth quarter. Morgan Stanley now owns 66,385,268 shares of the financial services provider’s stock worth $21,390,662,000 after acquiring an additional 939,421 shares during the last quarter. Norges Bank acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $11,396,496,000. Bank of New York Mellon Corp grew its holdings in shares of JPMorgan Chase & Co. by 5.4% during the 4th quarter. Bank of New York Mellon Corp now owns 23,424,482 shares of the financial services provider’s stock worth $7,547,837,000 after purchasing an additional 1,194,583 shares during the period. Legal & General Group Plc grew its holdings in shares of JPMorgan Chase & Co. by 0.6% during the 4th quarter. Legal & General Group Plc now owns 19,019,564 shares of the financial services provider’s stock worth $6,128,484,000 after purchasing an additional 110,586 shares during the period. Finally, Fisher Asset Management LLC grew its holdings in shares of JPMorgan Chase & Co. by 1.9% during the 4th quarter. Fisher Asset Management LLC now owns 16,018,656 shares of the financial services provider’s stock worth $5,161,532,000 after purchasing an additional 296,213 shares during the period. 71.55% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades JPM has been the topic of several research reports. Citigroup raised their price target on shares of JPMorgan Chase & Co. from $325.00 to $360.00 and gave the company a “neutral” rating in a report on Monday. Robert W. Baird boosted their price objective on shares of JPMorgan Chase & Co. from $295.00 to $305.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. Royal Bank Of Canada increased their price objective on shares of JPMorgan Chase & Co. from $330.00 to $370.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 15th. Barclays raised their target price on shares of JPMorgan Chase & Co. from $391.00 to $420.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of JPMorgan Chase & Co. from $370.00 to $384.00 and gave the company an “outperform” rating in a report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and an average target price of $356.38.
View Our Latest Stock Analysis on JPM
More JPMorgan Chase & Co. News Here are the key news stories impacting JPMorgan Chase & Co. this week:
Positive Sentiment: KBW’s Matthew Kelley initiated coverage with a Buy rating and a $384 price target, citing JPMorgan’s strong capital position, diversified revenue streams, and attractive upside potential. Article: Analyst Matthew Kelley Initiates Buy Rating on JPMorgan Chase, Citing Strong Capital Position, Diversified Revenues and Attractive Upside Potential Positive Sentiment: Several articles note that JPMorgan shares have been trading near 52-week or all-time highs, reflecting market confidence in the bank’s earnings power and resilience ahead of future results. Article: 5 Stocks Quietly Trading Near All-Time Highs While Everyone Watches the AI Drama (JPM) Positive Sentiment: J.P. Morgan research also remains constructive on select beaten-down IPO names and other market opportunities, reinforcing the firm’s image as a leading Wall Street franchise with broad investment-banking reach. Article: J.P. Morgan Says These 2 Beaten-Down IPO Stocks Could Rebound Neutral Sentiment: Coca-Cola naming JPMorgan for an India bottler IPO underscores the bank’s continued role in major capital-markets transactions, though the immediate stock impact is likely limited. Article: Coca-Cola appoints JPMorgan, Citi for India bottler IPO, sources say Neutral Sentiment: Jamie Dimon warned that markets may be underestimating risk and said he would not buy stocks or Treasurys at current prices; that message may pressure broader sentiment, but it also reflects his usual cautious outlook rather than a JPMorgan-specific problem. Article: Jamie Dimon says markets underestimate risks and he wouldn’t buy stocks or Treasurys at current prices Negative Sentiment: Dimon’s repeated warnings about macro and geopolitical risks could make investors more defensive on financials and the broader market if risk appetite fades. Article: Jamie Dimon Says Anthropic’s Mythos Access Debate Is a Warning Sign for AI’s Future JPMorgan Chase & Co. Stock Performance Shares of NYSE:JPM opened at $338.72 on Tuesday. The business’s 50-day simple moving average is $319.89 and its 200 day simple moving average is $310.32. The company has a market cap of $907.60 billion, a P/E ratio of 14.51, a PEG ratio of 1.52 and a beta of 0.99. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.86 and a current ratio of 0.85. JPMorgan Chase & Co. has a one year low of $279.10 and a one year high of $351.24.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last released its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share for the quarter, topping analysts’ consensus estimates of $5.59 by $0.55. JPMorgan Chase & Co. had a return on equity of 18.23% and a net margin of 21.86%.The firm had revenue of $58.02 billion during the quarter, compared to analysts’ expectations of $50.72 billion. During the same quarter in the prior year, the business earned $4.96 EPS. JPMorgan Chase & Co.’s quarterly revenue was up 27.7% compared to the same quarter last year. On average, sell-side analysts forecast that JPMorgan Chase & Co. will post 23.38 earnings per share for the current fiscal year.
JPMorgan Chase & Co. Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, July 6th will be given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Monday, July 6th. JPMorgan Chase & Co.’s payout ratio is presently 25.71%.
Insider Activity In related news, COO Jennifer Piepszak sold 4,919 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $309.42, for a total transaction of $1,522,036.98. Following the sale, the chief operating officer owned 85,082 shares of the company’s stock, valued at $26,326,072.44. The trade was a 5.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jeremy Barnum sold 3,022 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $309.41, for a total transaction of $935,037.02. Following the completion of the transaction, the chief financial officer owned 32,438 shares in the company, valued at $10,036,641.58. This represents a 8.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 18,876 shares of company stock worth $5,907,051. 0.41% of the stock is currently owned by company insiders.
JPMorgan Chase & Co. Profile (Free Report)
JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.
The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.
See Also Five stocks we like better than JPMorgan Chase & Co. The Ugliest Stocks in the Market Just Got a Very Expensive Vote of Confidence Is Domino’s Stock Serving Up a Buying Opportunity? A $1T Black Hole: SpaceX Eyes Pentagon AI to Break Free Why Gold Miners Could Be the Market’s Biggest Comeback Story Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM – Free Report).
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JPMorgan Chase & Co. (JPM - Free Report) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Over the past month, shares of this company have returned +2.2%, compared to the Zacks S&P 500 composite's -0.6% change. During this period, the Zacks Financial - Investment Bank industry, which JPMorgan Chase & Co. falls in, has gained 1.4%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Revisions to Earnings EstimatesRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
JPMorgan Chase & Co. is expected to post earnings of $5.78 per share for the current quarter, representing a year-over-year change of +14%. Over the last 30 days, the Zacks Consensus Estimate has changed +6.4%.
For the current fiscal year, the consensus earnings estimate of $24.21 points to a change of +19% from the prior year. Over the last 30 days, this estimate has changed +4.2%.
For the next fiscal year, the consensus earnings estimate of $24.67 indicates a change of +1.9% from what JPMorgan Chase & Co. is expected to report a year ago. Over the past month, the estimate has changed +4.3%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #1 (Strong Buy) for JPMorgan Chase & Co..
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth ForecastEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
For JPMorgan Chase & Co., the consensus sales estimate for the current quarter of $51.14 billion indicates a year-over-year change of +10.2%. For the current and next fiscal years, $203.53 billion and $208.47 billion estimates indicate +11.6% and +2.4% changes, respectively.
Last Reported Results and Surprise HistoryJPMorgan Chase & Co. reported revenues of $57.35 billion in the last reported quarter, representing a year-over-year change of +27.7%. EPS of $6.14 for the same period compares with $4.96 a year ago.
Compared to the Zacks Consensus Estimate of $49.14 billion, the reported revenues represent a surprise of +16.7%. The EPS surprise was +9.84%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates each time over this period.
ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
JPMorgan Chase & Co. is graded F on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about JPMorgan Chase & Co.. However, its Zacks Rank #1 does suggest that it may outperform the broader market in the near term.
The ETF market saw inflows shift notably this past week, as investors funneled capital toward international valuation gaps and domestic large-cap equities. This, coupled with aggressive buying in the semiconductor sector amid a market drawdown, highlights continued investor appetite for growth despite broader market fluctuations.
Key Takeaways Investors directed $3.03 billion into the iShares MSCI South Korea ETF (EWY) to bypass the high premiums associated with the recently listed U.S. ADRs while the issuance and cancellation books remain closed until July 29. Capital continued to flow into U.S. large-cap equity funds, with the State Street SPDR Portfolio S&P 500 ETF (SPYM) gaining $1.82 billion and the Invesco NASDAQ 100 ETF (QQQM) drawing $1.08 billion, while investors also allocated $1.47 billion to the iShares MSCI Value ETF (EFV) to hedge against U.S. tech-heavy market concentration. Despite a July pullback, capital flooded into the semiconductor sector. The iShares Semiconductor ETF (SOXX) gained $2.40 billion. Meanwhile, the Direxion Daily Semiconductor Bull 3X ETF (SOXL) recorded $1.38 billion in inflows. The Roundhill Memory ETF (DRAM) attracted $1.66 billion as investors continue to seek exposure to AI-driven memory shortages. Bypassing the SK Hynix ADR Premium The iShares MSCI South Korea ETF (EWY) led inflows last week, gaining $3.03 billion. This spike in inflows is primarily driven by investors using the fund as a proxy to gain exposure to SK Hynix (SKHY), as the newly launched American Depository Receipts (ADRs) have traded at a substantial premium compared to local shares on the Korea Exchange.
SK Hynix ADRs traded at a premium of approximately 27% as of last Thursday afternoon, following a record 51% premium the prior day, according to Bloomberg analysis. The price difference between South Korean shares and U.S. ADRs of SK Hynix remains constrained as the ADR books are closed for issuance and cancellation until July 29, following the official listing date of the newly issued common shares in the South Korean market.
Rather than paying the premium for U.S.-listed ADRs, investors are pouring capital into EWY, where SK Hynix is the top holding, representing 24.18% of the portfolio. The fund functions as a cheaper method of gaining exposure to the underlying Korean shares.
Large-Cap Momentum and International Value While headlines focused on South Korean markets, investors continued to allocate capital into U.S. large-cap equity funds. The State Street SPDR Portfolio S&P 500 ETF (SPYM) saw inflows of $1.82 billion last week, while the more concentrated Invesco NASDAQ 100 ETF (QQQM) saw inflows of $1.08 billion over the same period.
For investors seeking exposure to international large- and mid-cap value stocks, the iShares MSCI EAFE Value ETF (EFV) saw inflows of $1.47 billion during the past week. Investors continue to pour capital into international value funds to seek cheaper valuations and hedge against mega-cap tech-dominated U.S. market concentration.
Capitalizing on the July Pullback Despite the semiconductor market having seen a pullback in July, investors are aggressively buying into the dip, likely viewing it as a buying opportunity rather than a sign that the sector has reached its peak.
The iShares Semiconductor ETF (SOXX), which provides exposure to roughly 30 U.S.-listed semiconductor companies, saw inflows of $2.40 billion last week. Tracking the same index, the Direxion Daily Semiconductor Bull 3X ETF (SOXL) seeks to provide 300% of the daily performance of the underlying ICE Semiconductor Index. SOXL recorded inflows of $1.38 billion over the past week.
Looking specifically at the memory semiconductor market, the Roundhill Memory ETF (DRAM), which is down over 30% from its June highs, pulled in $1.66 billion during last week’s trading. Investors continue to commit capital to the memory component industry as AI-driven memory shortages persist.
Capitalizing on Financial Earnings and Recent ETF Debuts The State Street Financial Select Sector SPDR ETF (XLF) attracted $962.88 million last week, driven by strong second-quarter earnings growth across top holdings such as JPMorgan (JPM) and cooling U.S. inflation data that has eased rate hike pressures.
Two recently launched ETFs also saw significant inflows over the past week. The SEI QiM U.S. Equity Factor Allocation Active ETF (SEUS), which launched on July 14, recorded inflows of $886.13 million. The fund targets U.S. equities using proprietary factor research and integrated risk models to adapt to evolving market conditions.
The Fidelity MSCI North American Subset Index ETF (FINA) launched on July 9 and attracted $853.50 million in assets last week, largely driven by institutional interest in climate-aligned core equity exposure. The fund targets large- and mid-cap U.S. and Canadian stocks that meet emissions reduction targets approved by the Science Based Targets initiative (SBTi).
For more news, information, and analysis, visit the Equity ETF Content Hub.
Coca-Cola Diet Coke cans on display for sale inside a shop in New Delhi, India, April 22, 2026. REUTERS/Bhawika Chhabra Purchase Licensing Rights, opens new tab
MUMBAI, July 20 (Reuters) - Coca-Cola (KO.N), opens new tab has appointed JPMorgan and Citi as bankers for a planned 2027 initial public offering of one of its majority-owned bottling partners in India, a critical growth market, two sources with direct knowledge of the matter told Reuters.
The beverage giant said in June it was preparing a 2027 listing of its Indian bottling unit, Hindustan Coca-Cola Holdings, and exploring the sale of part of its stake, joining a broader push by global companies such as Pernod Ricard (PERP.PA), opens new tab and Carlsberg (CARLb.CO), opens new tab to tap India's equity markets.
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Bankers pitched to Coca-Cola for the mandate earlier this month in London, the two sources said, following which JPMorgan and Citi were appointed. One of the sources said Kotak and Morgan Stanley were also appointed as bankers on the IPO.
The banks and Coca-Cola did not immediately respond to Reuters' requests for comment. The sources declined to be named as the matter is confidential.
The IPO adds to a string of multinational companies turning to Indian equity markets to monetise their investments, rather than raise fresh capital. South Korea's Hyundai Motor (005380.KS), opens new tab and LG Electronics (066570.KS), opens new tab have both pursued stake sales via Indian IPOs, attracted by relatively richer market valuations than in their domestic market.
Coca-Cola holds a 60% stake in Hindustan Coca-Cola Holdings, one of many Coca-Cola bottlers in India. Established in 1997, Hindustan Coca-Cola Holdings operates 14 bottling plants across 10 states in India, and recorded revenue of 127.35 billion Indian rupees ($1.32 billion) and a $36 million net profit in 2023, according to latest available data from company information platform Toefler.
The IPO valuation and what percentage stake will be sold is not yet clear.
($1 = 96.4450 Indian rupees)
Reporting by Vibhuti Sharma in Mumbai; Editing by Aditya Kalra and Susan Fenton
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Vibhuti Sharma is the M&A and deals reporter for Reuters in India, covering the billion-dollar deals, IPOs, and private equity transactions that reshape companies and industries globally. With nine years of experience, she is equally at home breaking news on the country's biggest deals and writing deep analysis that simplifies complex business stories. Outside the newsroom, she catches every new film she can and is never far from a good book or a new destination.
Yantoultra Ngui is the Southeast Asia Deals Correspondent of Reuters in Singapore, covering M&A and capital market activities in a region that is fast emerging as one of the world’s biggest economies. He previously was a reporter at Bloomberg and The Wall Street Journal (WSJ). Notably, he was part of WSJ's team that covered the financial scandal at Malaysian state fund 1MDB, and that won SOPA Excellence in Breaking News award for the coverage of the assassination of Kim Jong Nam, the half-brother of North Korea's leader Kim Jong Un, in Malaysia in 2018. Yantoultra graduated with an MBA in Finance from Universiti Putra Malaysia (UPM) in 2010.
Geneos Wealth Management Inc. increased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 73,064 shares of the financial services provider’s stock after acquiring an additional 1,730 shares during the quarter. Geneos Wealth Management Inc.’s holdings in JPMorgan Chase & Co. were worth $21,492,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of JPM. Collective Family Office LLC boosted its position in shares of JPMorgan Chase & Co. by 1.0% during the fourth quarter. Collective Family Office LLC now owns 3,339 shares of the financial services provider’s stock worth $1,076,000 after purchasing an additional 32 shares in the last quarter. Essential Planning LLC. grew its holdings in shares of JPMorgan Chase & Co. by 2.4% in the 4th quarter. Essential Planning LLC. now owns 1,399 shares of the financial services provider’s stock valued at $451,000 after buying an additional 33 shares during the period. Sterling Group Wealth Management LLC increased its position in shares of JPMorgan Chase & Co. by 0.8% in the 1st quarter. Sterling Group Wealth Management LLC now owns 4,020 shares of the financial services provider’s stock valued at $1,183,000 after buying an additional 33 shares in the last quarter. Spinnaker Investment Group LLC increased its position in shares of JPMorgan Chase & Co. by 0.7% in the 4th quarter. Spinnaker Investment Group LLC now owns 5,183 shares of the financial services provider’s stock valued at $1,670,000 after buying an additional 34 shares in the last quarter. Finally, Vestia Personal Wealth Advisors raised its stake in JPMorgan Chase & Co. by 2.7% during the 4th quarter. Vestia Personal Wealth Advisors now owns 1,294 shares of the financial services provider’s stock worth $391,000 after buying an additional 34 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.
Wall Street Analysts Forecast Growth Several research analysts have weighed in on JPM shares. Robert W. Baird lifted their target price on JPMorgan Chase & Co. from $295.00 to $305.00 and gave the stock a “neutral” rating in a report on Wednesday. Wells Fargo & Company increased their price target on JPMorgan Chase & Co. from $360.00 to $375.00 and gave the stock an “overweight” rating in a report on Wednesday. Autonomous Res dropped their price target on JPMorgan Chase & Co. from $360.00 to $324.00 and set a “neutral” rating on the stock in a research report on Monday, April 6th. Piper Sandler lifted their price objective on JPMorgan Chase & Co. from $325.00 to $345.00 and gave the company an “overweight” rating in a report on Wednesday, April 15th. Finally, Royal Bank Of Canada boosted their price objective on JPMorgan Chase & Co. from $330.00 to $370.00 and gave the company an “outperform” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and a consensus price target of $354.92.
View Our Latest Stock Report on JPMorgan Chase & Co.
Key Stories Impacting JPMorgan Chase & Co. Here are the key news stories impacting JPMorgan Chase & Co. this week:
Positive Sentiment: JPMorgan’s blowout Q2 earnings are driving bullish sentiment, with the bank reporting record profits, 41% higher net income, strong trading and investment banking activity, and higher full-year net interest income guidance. JPMorgan Just Reported $21.2 Billion in Q2 Net Income — Up 41% — and CEO Jamie Dimon Said the Economy Is “Close to as Good as It Gets.” Positive Sentiment: Analysts have been raising expectations after the results, including multiple higher price targets and upgraded earnings forecasts, signaling confidence that JPMorgan can continue to outperform. JPMorgan Price Target Raised to $380 on Strong Q2 Results, Upgraded Outlook and Capital Strength Positive Sentiment: The stock is also benefiting from expectations that JPMorgan may raise its quarterly dividend by 10% after passing the Federal Reserve stress test, reinforcing the bank’s capital strength and shareholder-return story. JPM Stock Just Staged a Record Bull Run. 1 Analyst Thinks It Can Still Soar to $420. Neutral Sentiment: JPMorgan was added to several “Strong Buy” and momentum/income stock lists, which adds to positive sentiment but is less directly impactful than earnings or guidance. New Strong Buy Stocks for July 17th Neutral Sentiment: JPMorgan also drew attention for major financing activity and a $24 million Philadelphia shipbuilding investment, highlighting ongoing business expansion and capital deployment. JPMorgan Chase (JPM) Puts $24 Million Into Philadelphia Shipbuilding And Defense Negative Sentiment: Late-day sector weakness in financial stocks may be limiting JPMorgan’s upside even as company-specific fundamentals remain strong. Sector Update: Financial Stocks Decline Friday Afternoon JPMorgan Chase & Co. Trading Up 0.1% NYSE JPM opened at $341.60 on Monday. The stock has a market capitalization of $915.33 billion, a price-to-earnings ratio of 14.64, a PEG ratio of 1.52 and a beta of 0.99. The stock’s 50 day moving average price is $319.11 and its two-hundred day moving average price is $310.21. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.86 and a current ratio of 0.85. JPMorgan Chase & Co. has a 52 week low of $279.10 and a 52 week high of $351.24.
JPMorgan Chase & Co. Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, July 6th will be issued a $1.50 dividend. The ex-dividend date is Monday, July 6th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.8%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 25.71%.
Insider Transactions at JPMorgan Chase & Co. In related news, COO Jennifer Piepszak sold 4,919 shares of the firm’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $309.42, for a total value of $1,522,036.98. Following the completion of the transaction, the chief operating officer owned 85,082 shares of the company’s stock, valued at approximately $26,326,072.44. This trade represents a 5.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jeremy Barnum sold 3,022 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $309.41, for a total transaction of $935,037.02. Following the completion of the sale, the chief financial officer owned 32,438 shares in the company, valued at $10,036,641.58. The trade was a 8.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 18,876 shares of company stock valued at $5,907,051 over the last 90 days. 0.41% of the stock is owned by corporate insiders.
About JPMorgan Chase & Co. (Free Report)
JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.
The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.
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The U.S. national debt has crossed a line unseen since World War II, and Elon Musk says there is exactly one way out.
Gross federal debt crossed $39 trillion in March 2026, and according to a Brookings Institution chart book by economist Jessica Riedl, federal debt held by the public is on track to surpass its wartime record. That WWII record, 106% of GDP, was set in 1946 as the nation paid off global war costs. Under current policy, Brookings projects debt will reach roughly 137% of GDP within a decade. Peacetime America is about to owe more, relative to the size of its economy, than it did after defeating the Axis powers.
The speed is alarming. Gross debt crossed $38 trillion and then $39 trillion in under five months, an accumulation the Peter G. Peterson Foundation called “staggering,” with few precedents outside wartime.
The Math That Makes Cuts Alone Impossible Interest payments run about $1 trillion a year, already exceeding the entire U.S. military budget, a milestone first hit in 2024 and now structurally permanent. Net interest is projected to become the single largest line item in the federal budget by 2040, larger than defense or any single program.
Markets are pricing the strain in real time. The 10-year Treasury yield sits at 4.57%, near the top of its 12-month range, while the 30-year yield holds above 5%. Every basis point ratchets the interest bill higher.
Spending cuts cannot close the gap alone. According to Brookings, balancing the 2036 budget purely by cutting programs outside Social Security, Medicare, defense, and veterans’ benefits would require slashing them by 117%. Even zeroing those programs entirely would still leave a shortfall. The arithmetic has outrun the tools most politicians reach for.
Enter Elon Musk That impossible math is the backdrop for Musk’s blunt prediction. On the Dwarkesh Patel podcast in February 2026, the Tesla (NASDAQ:TSLA | TSLA Price Prediction) and SpaceX CEO argued that only technology can save the country from insolvency.
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“It’s the only thing that could solve the national debt,” Musk said of AI and robotics. “We are 1000% going to go bankrupt as a country and fail as a country.” “Without AI and robots, nothing else will solve the national debt.”
His reasoning tracks the fiscal picture. “In the absence of AI and robotics, we’re actually totally screwed, because the national debt is piling up like crazy,” Musk said, noting that “the interest payments to national debt exceed the military budget, which is a trillion dollars.” His thesis rests on growth: AI and robotics can scale economic output fast enough to outgrow the debt in a way that tax hikes and spending cuts cannot.
Musk flagged a risk in his own solution. A wave of AI and robotics could be deflationary, making the real burden of existing debt heavier before growth catches up.
Not Everyone Is Convinced Musk’s claim remains a stated view open to debate. JPMorgan (NYSE:JPM) CEO Jamie Dimon has warned of a coming “bond crisis,” a scenario in which markets, not policymakers, force the reckoning. Federal Reserve Chair Jerome Powell has said the debt path “will not end well if we don’t do something fairly soon.” Neither is betting the country can invent its way out.
The data is undisputed: the debt has breached a historic wartime benchmark, the interest bill already tops the Pentagon’s, and cuts alone cannot close the gap. What is in dispute is the fix. Musk offers a technologist’s answer: exponential growth from AI and robots is the only force large enough to matter. His critics counter that hoping for a productivity miracle amounts to a wish, not a plan they can score.
Whether Musk is right may be the most consequential economic question of the decade. The clock and compounding interest are still running.
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Picture a 54-year-old who spent 25 years in a corporate office, got the layoff call this spring, and is watching his severance calendar tick down. He is too young to retire, too experienced to be cheap, and has been ghosted by half the recruiters on LinkedIn.
Then he reads that JPMorgan Chase (NYSE:JPM | JPM Price Prediction) CEO Jamie Dimon is pushing hard on American shipbuilding, that the country needs roughly 300,000 workers in the trade, that these jobs can pay around $100,000 without a college degree, and that JPMorgan is putting about $24 million into training programs in Philadelphia. Suddenly a welding certificate looks less like a step down and more like a lifeline.
You can find versions of this guy all over the internet: former IT manager asking whether a union apprenticeship at 55 is crazy, ex-marketing director wondering if his knees can handle a shipyard. The financial dynamics are more compelling than most people realize, because a strong late-career trade income can permanently lift his Social Security check on top of covering the monthly bills.
Why the Highest 35 Years Rule Is the Whole Ballgame Here Social Security calculates your benefit from a wage-indexed average of your 35 highest-earning years. If you worked fewer than 35 years, the Social Security Administration (SSA) plugs in zeros for the missing years. If you had lean periods, say a stretch of self-employment that flopped or gap years raising kids, those low numbers drag the benefit down.
Here is where a $100,000 shipbuilding job in your mid-50s does real work. Every new year of strong earnings knocks out the lowest year in the calculation. If our 54-year-old has a couple of $15,000 years from an early career slump or an outright zero from a gap between jobs, each year at the shipyard replaces one of those in the top 35. Do that for six or seven years and you are rebuilding the benefit in a meaningful way.
To make it make sense: a worker whose benefit at full retirement age (FRA) would have been about $2,400 a month based on a patchy record could easily see that climb by $200 to $400 a month after several years of six-figure covered earnings. Over a 20-year retirement, that is real money, and it is inflation-adjusted through the annual cost of living adjustment (COLA), which came in at 2.8% for 2026.
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How the Trade Income Interacts With the Rest of the Picture A shipbuilding paycheck is W-2 income subject to Social Security payroll tax, so it lands directly on his earnings record. He should log in to my Social Security at ssa.gov and pull his statement to see exactly which years are dragging the average down. That single page tells him how much runway he actually has.
One caveat if he later claims benefits before FRA while still working: the earnings test can temporarily withhold part of his Social Security check if wages exceed the annual limit. Those withheld dollars are credited back later, but the cash flow hit is real. The cleanest path is usually to keep working and delay claiming, which also grows the benefit by roughly 8% per year between full retirement age and 70.
The broader labor market is on his side. Unemployment sits at 4.2% as of June 2026, job openings are at 7.59 million as of May, and median full-time weekly earnings ran $1,235 in Q1 2026. A $100,000 trade wage stands well above that median, which is precisely why a late-career pivot into a shortage sector can outrun the wage curve rather than chase it.
What to Think Through Before Making the Jump Two factors matter more than most people expect:
Pull the earnings record first. If the 35-year history is already full of solid years, extra high-income years still help but the lift is smaller. If it has zeros or lean years, the leverage is enormous and that changes how urgently he should chase the training. Match the claiming age to the body. Shipbuilding is physical. Planning to work to 70 sounds great on a spreadsheet, but the real question is how many years his back and shoulders can realistically bank. A shorter work horizon at high wages can still rebuild the benefit, as long as the claiming decision reflects reality, including the Medicare eligibility gap if he stops working before age 65. The hardest mistake to undo is claiming early out of panic, locking in a permanently reduced check, and only later discovering that a few more covered years would have moved the needle. One conversation with a fee-only planner who can pull the actual numbers is usually worth more than a year of forum reading.
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Picture a 66-year-old retired bookkeeper in rural Mississippi. She worked 40 years, raised two kids, and finished her career earning about $49,500 a year, almost exactly the national median wage. Her 401(k) balance is zero because her employers, mostly small local businesses, never offered one. Her checking account holds a few thousand dollars. Her monthly Social Security deposit is her entire retirement plan.
Her situation is not unusual. Roughly 46% of Americans have no retirement savings at all, and for many in the bottom half of American households by wealth, Social Security provides most, and often nearly all, of retirement income. The same $2,000 monthly check that a wealthier retiree treats as a bonus on top of a brokerage account is, for millions of others, the rent, the groceries, the Medicare Part B premium, and the electric bill.
According to Federal Reserve Distributional Financial Accounts data, the top 0.1% of U.S. households hold many times the wealth of the entire bottom 50% combined. JPMorgan (NYSE:JPM | JPM Price Prediction) CEO Jamie Dimon, discussing rising anti-wealth sentiment this summer, said it succinctly: “We have, in fact, left the lower-income folks behind.” One half has portfolios. The other half has a check from the Social Security Administration.
Why the Claiming Decision Is Higher Stakes at the Bottom When Social Security is a supplement, taking it at age 62 versus 70 is a lifestyle question. When it is the whole floor, it is the single most important financial decision a person will ever make. Claiming at 62 permanently lowers a recipient’s benefit by about 30% compared with waiting until full retirement age (FRA) of 67. Waiting until 70 adds roughly 24% on top of the FRA. On a $2,000 full-retirement-age benefit, that is the difference between about $1,400 a month for life and about $2,480 a month for life.
For a retiree with a 401(k), that spread might mean an extra vacation. For our bookkeeper, it is the difference between covering rent alone and needing SNAP and heating assistance every winter. Because the 2026 cost-of-living adjustment (COLA) is 2.8%, that gap compounds every year for the rest of her life. A higher starting benefit means a bigger COLA raise, forever.
For couples, a surviving spouse can step up to the higher earner’s benefit, which is why the higher earner in a couple delaying to 70 also buys longevity insurance for the widow or widower. The earnings test, which temporarily withholds benefits from workers under FRA who earn above roughly $24,480 in 2026, catches many lower-income retirees who try to claim early and keep working part-time.
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How the Rest of the Picture Fits For bottom-half earners, there is no meaningful drawdown strategy because there is little to draw down. The Saver’s Credit at the IRS can add up to $1,000 back to a still-working low-income saver who puts even $50 a month into an IRA. Supplemental Security Income (SSI) tops up benefits for those with very low income and assets. Medicare Savings Programs, run through each state Medicaid office, can pay the Medicare Part B premium (about $202.90 a month in 2026 for most enrollees), which alone represents a meaningful raise for someone living on $2,000.
As of Q1 2026, the national savings rate has fallen to 3.9%, down from over 6% just two years ago. Meanwhile, the University of Michigan consumer sentiment index hovers at recessionary levels. Households are not building the buffer that would ease reliance on the check.
What to Actually Do If Social Security will be most of your income, the highest-leverage moves are simple:
Delay if you possibly can. Waiting from 62 to FRA adds up to a permanent 30% increase, and each additional year worked past full retirement age up to 70 adds roughly 8% more. That raise is inflation-adjusted and lasts as long as you or a surviving spouse live. Coordinate as a couple. The higher earner delaying to 70 protects the survivor. This one decision often outweighs every other choice a lower-income couple will make in retirement. Claim the help you already qualify for. SSI, Medicare Savings Programs, LIHEAP, and SNAP have low take-up rates because people assume they will not qualify. Many do. The hardest mistake to undo is claiming early out of anxiety and locking in a permanently smaller check. The guaranteed, inflation-adjusted, lifelong nature of Social Security is exactly what makes it the right backbone for a household with no other cushion. For a fuller walk-through of the tradeoffs at each age, our team’s Social Security Decision report lays out the claiming math in one place. A quick sit-down with a benefits counselor at your local Area Agency on Aging can catch details a general article never will.
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AMG National Trust Bank grew its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 16.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 78,306 shares of the financial services provider’s stock after purchasing an additional 11,144 shares during the quarter. AMG National Trust Bank’s holdings in JPMorgan Chase & Co. were worth $23,034,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of JPM. Mattern Capital Management LLC boosted its stake in JPMorgan Chase & Co. by 4.4% in the 1st quarter. Mattern Capital Management LLC now owns 5,195 shares of the financial services provider’s stock worth $1,528,000 after purchasing an additional 218 shares during the period. Sterling Group Wealth Management LLC raised its stake in JPMorgan Chase & Co. by 0.8% in the first quarter. Sterling Group Wealth Management LLC now owns 4,020 shares of the financial services provider’s stock valued at $1,183,000 after purchasing an additional 33 shares in the last quarter. Blake Schutter Theil Wealth Advisors LLC raised its stake in JPMorgan Chase & Co. by 2.4% in the first quarter. Blake Schutter Theil Wealth Advisors LLC now owns 4,088 shares of the financial services provider’s stock valued at $1,203,000 after purchasing an additional 95 shares in the last quarter. Objective Capital Management LLC lifted its position in JPMorgan Chase & Co. by 6.4% during the first quarter. Objective Capital Management LLC now owns 2,874 shares of the financial services provider’s stock valued at $846,000 after purchasing an additional 172 shares during the last quarter. Finally, Lutz Financial Services LLC lifted its position in JPMorgan Chase & Co. by 3.1% during the first quarter. Lutz Financial Services LLC now owns 1,417 shares of the financial services provider’s stock valued at $417,000 after purchasing an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.
Trending Headlines about JPMorgan Chase & Co. Here are the key news stories impacting JPMorgan Chase & Co. this week:
Positive Sentiment: JPMorgan’s blowout Q2 earnings are driving bullish sentiment, with the bank reporting record profits, 41% higher net income, strong trading and investment banking activity, and higher full-year net interest income guidance. JPMorgan Just Reported $21.2 Billion in Q2 Net Income — Up 41% — and CEO Jamie Dimon Said the Economy Is “Close to as Good as It Gets.” Positive Sentiment: Analysts have been raising expectations after the results, including multiple higher price targets and upgraded earnings forecasts, signaling confidence that JPMorgan can continue to outperform. JPMorgan Price Target Raised to $380 on Strong Q2 Results, Upgraded Outlook and Capital Strength Positive Sentiment: The stock is also benefiting from expectations that JPMorgan may raise its quarterly dividend by 10% after passing the Federal Reserve stress test, reinforcing the bank’s capital strength and shareholder-return story. JPM Stock Just Staged a Record Bull Run. 1 Analyst Thinks It Can Still Soar to $420. Neutral Sentiment: JPMorgan was added to several “Strong Buy” and momentum/income stock lists, which adds to positive sentiment but is less directly impactful than earnings or guidance. New Strong Buy Stocks for July 17th Neutral Sentiment: JPMorgan also drew attention for major financing activity and a $24 million Philadelphia shipbuilding investment, highlighting ongoing business expansion and capital deployment. JPMorgan Chase (JPM) Puts $24 Million Into Philadelphia Shipbuilding And Defense Negative Sentiment: Late-day sector weakness in financial stocks may be limiting JPMorgan’s upside even as company-specific fundamentals remain strong. Sector Update: Financial Stocks Decline Friday Afternoon Insider Activity at JPMorgan Chase & Co. In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 5,467 shares of the firm’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $330.73, for a total value of $1,808,100.91. Following the sale, the general counsel owned 40,961 shares of the company’s stock, valued at $13,547,031.53. This trade represents a 11.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jeremy Barnum sold 3,022 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $309.41, for a total transaction of $935,037.02. Following the completion of the transaction, the chief financial officer owned 32,438 shares in the company, valued at $10,036,641.58. The trade was a 8.52% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 18,876 shares of company stock worth $5,907,051 in the last three months. 0.41% of the stock is owned by insiders.
Wall Street Analyst Weigh In A number of equities analysts have recently commented on JPM shares. Weiss Ratings raised shares of JPMorgan Chase & Co. from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, July 6th. UBS Group raised their price target on JPMorgan Chase & Co. from $375.00 to $384.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $418.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday. HSBC upped their price objective on JPMorgan Chase & Co. from $288.00 to $312.00 and gave the stock a “hold” rating in a report on Monday, May 4th. Finally, Robert W. Baird increased their price objective on JPMorgan Chase & Co. from $295.00 to $305.00 and gave the company a “neutral” rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and an average target price of $354.92.
Read Our Latest Research Report on JPMorgan Chase & Co.
JPMorgan Chase & Co. Stock Performance Shares of JPM stock opened at $341.60 on Friday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.86 and a current ratio of 0.85. JPMorgan Chase & Co. has a fifty-two week low of $279.10 and a fifty-two week high of $351.24. The stock has a 50 day moving average price of $319.11 and a two-hundred day moving average price of $310.31. The company has a market capitalization of $915.33 billion, a P/E ratio of 14.64, a PEG ratio of 1.53 and a beta of 0.99.
JPMorgan Chase & Co. Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Monday, July 6th will be paid a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Monday, July 6th. JPMorgan Chase & Co.’s payout ratio is presently 25.71%.
About JPMorgan Chase & Co. (Free Report)
JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.
The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.
Further Reading Five stocks we like better than JPMorgan Chase & Co. Netflix May Be Cheap Enough to Tempt Buyers After Earnings Drop Delta vs. United: Which Airline Is Better Built for Higher Fuel Costs? The Market Sold Alcoa After Earnings—But It May Be Missing the Real Story Why Intuitive Surgical’s Strong Quarter Still Spooked Investors
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Hartford Funds Management Co LLC reduced its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 43.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,974 shares of the financial services provider’s stock after selling 7,022 shares during the quarter. JPMorgan Chase & Co. makes up about 0.2% of Hartford Funds Management Co LLC’s holdings, making the stock its 20th largest position. Hartford Funds Management Co LLC’s holdings in JPMorgan Chase & Co. were worth $2,640,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC boosted its holdings in shares of JPMorgan Chase & Co. by 11.0% in the 4th quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider’s stock worth $11,682,000 after buying an additional 4,841 shares during the last quarter. Acorns Advisers LLC grew its position in JPMorgan Chase & Co. by 6.9% during the first quarter. Acorns Advisers LLC now owns 1,547 shares of the financial services provider’s stock valued at $379,000 after buying an additional 100 shares during the period. Ignite Planners LLC increased its holdings in JPMorgan Chase & Co. by 0.7% during the second quarter. Ignite Planners LLC now owns 10,934 shares of the financial services provider’s stock worth $3,185,000 after buying an additional 78 shares during the last quarter. Jump Financial LLC purchased a new stake in JPMorgan Chase & Co. during the second quarter worth about $1,475,000. Finally, Betterment LLC raised its position in JPMorgan Chase & Co. by 27.5% in the second quarter. Betterment LLC now owns 1,970 shares of the financial services provider’s stock worth $571,000 after acquiring an additional 425 shares during the period. Hedge funds and other institutional investors own 71.55% of the company’s stock.
Insider Activity In related news, General Counsel Stacey Friedman sold 5,467 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $330.73, for a total value of $1,808,100.91. Following the completion of the transaction, the general counsel directly owned 40,961 shares of the company’s stock, valued at approximately $13,547,031.53. This trade represents a 11.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jeremy Barnum sold 3,022 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $309.41, for a total transaction of $935,037.02. Following the completion of the transaction, the chief financial officer owned 32,438 shares of the company’s stock, valued at $10,036,641.58. This represents a 8.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 18,876 shares of company stock valued at $5,907,051 over the last quarter. Company insiders own 0.41% of the company’s stock.
JPMorgan Chase & Co. News Roundup Here are the key news stories impacting JPMorgan Chase & Co. this week:
Positive Sentiment: JPMorgan’s blowout Q2 earnings are driving bullish sentiment, with the bank reporting record profits, 41% higher net income, strong trading and investment banking activity, and higher full-year net interest income guidance. JPMorgan Just Reported $21.2 Billion in Q2 Net Income — Up 41% — and CEO Jamie Dimon Said the Economy Is “Close to as Good as It Gets.” Positive Sentiment: Analysts have been raising expectations after the results, including multiple higher price targets and upgraded earnings forecasts, signaling confidence that JPMorgan can continue to outperform. JPMorgan Price Target Raised to $380 on Strong Q2 Results, Upgraded Outlook and Capital Strength Positive Sentiment: The stock is also benefiting from expectations that JPMorgan may raise its quarterly dividend by 10% after passing the Federal Reserve stress test, reinforcing the bank’s capital strength and shareholder-return story. JPM Stock Just Staged a Record Bull Run. 1 Analyst Thinks It Can Still Soar to $420. Neutral Sentiment: JPMorgan was added to several “Strong Buy” and momentum/income stock lists, which adds to positive sentiment but is less directly impactful than earnings or guidance. New Strong Buy Stocks for July 17th Neutral Sentiment: JPMorgan also drew attention for major financing activity and a $24 million Philadelphia shipbuilding investment, highlighting ongoing business expansion and capital deployment. JPMorgan Chase (JPM) Puts $24 Million Into Philadelphia Shipbuilding And Defense Negative Sentiment: Late-day sector weakness in financial stocks may be limiting JPMorgan’s upside even as company-specific fundamentals remain strong. Sector Update: Financial Stocks Decline Friday Afternoon JPMorgan Chase & Co. Price Performance NYSE JPM opened at $341.60 on Friday. The company has a market cap of $915.33 billion, a PE ratio of 14.64, a price-to-earnings-growth ratio of 1.53 and a beta of 0.99. JPMorgan Chase & Co. has a 52 week low of $279.10 and a 52 week high of $351.24. The company has a quick ratio of 0.86, a current ratio of 0.85 and a debt-to-equity ratio of 1.30. The firm’s 50-day simple moving average is $319.11 and its two-hundred day simple moving average is $310.31.
JPMorgan Chase & Co. Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, July 6th will be given a $1.50 dividend. The ex-dividend date of this dividend is Monday, July 6th. This represents a $6.00 annualized dividend and a dividend yield of 1.8%. JPMorgan Chase & Co.’s payout ratio is 25.71%.
Analyst Upgrades and Downgrades JPM has been the topic of a number of research analyst reports. Weiss Ratings upgraded shares of JPMorgan Chase & Co. from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, July 6th. Dbs Bank upgraded shares of JPMorgan Chase & Co. to a “hold” rating in a research note on Tuesday, May 12th. UBS Group lifted their price target on shares of JPMorgan Chase & Co. from $375.00 to $384.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Morgan Stanley reiterated a “positive” rating and issued a $370.00 price objective on shares of JPMorgan Chase & Co. in a research note on Wednesday. Finally, HSBC increased their price objective on JPMorgan Chase & Co. from $288.00 to $312.00 and gave the company a “hold” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and a consensus target price of $354.92.
View Our Latest Stock Report on JPMorgan Chase & Co.
JPMorgan Chase & Co. Profile (Free Report)
JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.
The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.
Further Reading Five stocks we like better than JPMorgan Chase & Co. Netflix May Be Cheap Enough to Tempt Buyers After Earnings Drop Delta vs. United: Which Airline Is Better Built for Higher Fuel Costs? The Market Sold Alcoa After Earnings—But It May Be Missing the Real Story Why Intuitive Surgical’s Strong Quarter Still Spooked Investors Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM – Free Report).
Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.
Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 6.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,802 shares of the financial services provider’s stock after purchasing an additional 5,403 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in JPMorgan Chase & Co. were worth $25,534,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently made changes to their positions in JPM. Norges Bank bought a new position in JPMorgan Chase & Co. during the fourth quarter valued at about $11,396,496,000. Cardano Risk Management B.V. boosted its stake in JPMorgan Chase & Co. by 889.3% in the fourth quarter. Cardano Risk Management B.V. now owns 8,673,530 shares of the financial services provider’s stock valued at $2,794,785,000 after acquiring an additional 7,796,814 shares during the last quarter. American Assets Investment Management LLC grew its position in shares of JPMorgan Chase & Co. by 1,172.2% during the 4th quarter. American Assets Investment Management LLC now owns 2,259,400 shares of the financial services provider’s stock valued at $728,024,000 after acquiring an additional 2,081,800 shares during the period. Viking Global Investors LP raised its holdings in shares of JPMorgan Chase & Co. by 86.1% in the 2nd quarter. Viking Global Investors LP now owns 4,042,034 shares of the financial services provider’s stock worth $1,171,826,000 after purchasing an additional 1,870,386 shares during the period. Finally, PFA Pension Forsikringsaktieselskab purchased a new position in JPMorgan Chase & Co. in the fourth quarter valued at approximately $474,516,000. 71.55% of the stock is currently owned by institutional investors.
Key Stories Impacting JPMorgan Chase & Co. Here are the key news stories impacting JPMorgan Chase & Co. this week:
Positive Sentiment: JPMorgan’s blowout Q2 earnings are driving bullish sentiment, with the bank reporting record profits, 41% higher net income, strong trading and investment banking activity, and higher full-year net interest income guidance. JPMorgan Just Reported $21.2 Billion in Q2 Net Income — Up 41% — and CEO Jamie Dimon Said the Economy Is “Close to as Good as It Gets.” Positive Sentiment: Analysts have been raising expectations after the results, including multiple higher price targets and upgraded earnings forecasts, signaling confidence that JPMorgan can continue to outperform. JPMorgan Price Target Raised to $380 on Strong Q2 Results, Upgraded Outlook and Capital Strength Positive Sentiment: The stock is also benefiting from expectations that JPMorgan may raise its quarterly dividend by 10% after passing the Federal Reserve stress test, reinforcing the bank’s capital strength and shareholder-return story. JPM Stock Just Staged a Record Bull Run. 1 Analyst Thinks It Can Still Soar to $420. Neutral Sentiment: JPMorgan was added to several “Strong Buy” and momentum/income stock lists, which adds to positive sentiment but is less directly impactful than earnings or guidance. New Strong Buy Stocks for July 17th Neutral Sentiment: JPMorgan also drew attention for major financing activity and a $24 million Philadelphia shipbuilding investment, highlighting ongoing business expansion and capital deployment. JPMorgan Chase (JPM) Puts $24 Million Into Philadelphia Shipbuilding And Defense Negative Sentiment: Late-day sector weakness in financial stocks may be limiting JPMorgan’s upside even as company-specific fundamentals remain strong. Sector Update: Financial Stocks Decline Friday Afternoon JPMorgan Chase & Co. Price Performance Shares of NYSE:JPM opened at $341.60 on Friday. The company has a 50 day moving average of $319.11 and a 200 day moving average of $310.31. The stock has a market cap of $915.33 billion, a P/E ratio of 14.64, a P/E/G ratio of 1.53 and a beta of 0.99. JPMorgan Chase & Co. has a 12 month low of $279.10 and a 12 month high of $351.24. The company has a current ratio of 0.85, a quick ratio of 0.86 and a debt-to-equity ratio of 1.30.
JPMorgan Chase & Co. Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, July 6th will be issued a $1.50 dividend. The ex-dividend date of this dividend is Monday, July 6th. This represents a $6.00 annualized dividend and a dividend yield of 1.8%. JPMorgan Chase & Co.’s dividend payout ratio is presently 25.71%.
Analyst Ratings Changes Several analysts have issued reports on the company. HSBC boosted their target price on JPMorgan Chase & Co. from $288.00 to $312.00 and gave the company a “hold” rating in a research note on Monday, May 4th. Truist Financial boosted their price target on shares of JPMorgan Chase & Co. from $344.00 to $352.00 and gave the company a “hold” rating in a research report on Wednesday. Wells Fargo & Company upped their price target on shares of JPMorgan Chase & Co. from $360.00 to $375.00 and gave the company an “overweight” rating in a research note on Wednesday. DZ Bank reiterated a “neutral” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, April 15th. Finally, Weiss Ratings raised JPMorgan Chase & Co. from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $354.92.
Check Out Our Latest Stock Analysis on JPMorgan Chase & Co.
Insider Buying and Selling In related news, COO Jennifer Piepszak sold 4,919 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $309.42, for a total transaction of $1,522,036.98. Following the completion of the sale, the chief operating officer owned 85,082 shares of the company’s stock, valued at approximately $26,326,072.44. This trade represents a 5.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Stacey Friedman sold 5,467 shares of the business’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $330.73, for a total value of $1,808,100.91. Following the transaction, the general counsel owned 40,961 shares of the company’s stock, valued at approximately $13,547,031.53. The trade was a 11.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 18,876 shares of company stock worth $5,907,051. Corporate insiders own 0.41% of the company’s stock.
About JPMorgan Chase & Co. (Free Report)
JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.
The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.
Recommended Stories Five stocks we like better than JPMorgan Chase & Co. Netflix May Be Cheap Enough to Tempt Buyers After Earnings Drop Delta vs. United: Which Airline Is Better Built for Higher Fuel Costs? The Market Sold Alcoa After Earnings—But It May Be Missing the Real Story Why Intuitive Surgical’s Strong Quarter Still Spooked Investors Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM – Free Report).
Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.
Calamos Advisors LLC boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 12.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 804,936 shares of the financial services provider’s stock after purchasing an additional 91,741 shares during the period. JPMorgan Chase & Co. accounts for approximately 0.8% of Calamos Advisors LLC’s portfolio, making the stock its 17th biggest position. Calamos Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $236,780,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of JPM. Brighton Jones LLC increased its holdings in JPMorgan Chase & Co. by 11.0% in the fourth quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider’s stock worth $11,682,000 after buying an additional 4,841 shares during the last quarter. Acorns Advisers LLC grew its position in JPMorgan Chase & Co. by 6.9% in the first quarter. Acorns Advisers LLC now owns 1,547 shares of the financial services provider’s stock worth $379,000 after acquiring an additional 100 shares in the last quarter. Ignite Planners LLC increased its stake in shares of JPMorgan Chase & Co. by 0.7% during the 2nd quarter. Ignite Planners LLC now owns 10,934 shares of the financial services provider’s stock worth $3,185,000 after purchasing an additional 78 shares during the last quarter. Jump Financial LLC bought a new position in shares of JPMorgan Chase & Co. during the 2nd quarter valued at $1,475,000. Finally, Betterment LLC lifted its stake in shares of JPMorgan Chase & Co. by 27.5% in the 2nd quarter. Betterment LLC now owns 1,970 shares of the financial services provider’s stock valued at $571,000 after purchasing an additional 425 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.
JPMorgan Chase & Co. News Roundup Here are the key news stories impacting JPMorgan Chase & Co. this week:
Positive Sentiment: JPMorgan’s blowout Q2 earnings are driving bullish sentiment, with the bank reporting record profits, 41% higher net income, strong trading and investment banking activity, and higher full-year net interest income guidance. JPMorgan Just Reported $21.2 Billion in Q2 Net Income — Up 41% — and CEO Jamie Dimon Said the Economy Is “Close to as Good as It Gets.” Positive Sentiment: Analysts have been raising expectations after the results, including multiple higher price targets and upgraded earnings forecasts, signaling confidence that JPMorgan can continue to outperform. JPMorgan Price Target Raised to $380 on Strong Q2 Results, Upgraded Outlook and Capital Strength Positive Sentiment: The stock is also benefiting from expectations that JPMorgan may raise its quarterly dividend by 10% after passing the Federal Reserve stress test, reinforcing the bank’s capital strength and shareholder-return story. JPM Stock Just Staged a Record Bull Run. 1 Analyst Thinks It Can Still Soar to $420. Neutral Sentiment: JPMorgan was added to several “Strong Buy” and momentum/income stock lists, which adds to positive sentiment but is less directly impactful than earnings or guidance. New Strong Buy Stocks for July 17th Neutral Sentiment: JPMorgan also drew attention for major financing activity and a $24 million Philadelphia shipbuilding investment, highlighting ongoing business expansion and capital deployment. JPMorgan Chase (JPM) Puts $24 Million Into Philadelphia Shipbuilding And Defense Negative Sentiment: Late-day sector weakness in financial stocks may be limiting JPMorgan’s upside even as company-specific fundamentals remain strong. Sector Update: Financial Stocks Decline Friday Afternoon Analyst Ratings Changes Several research firms have commented on JPM. The Goldman Sachs Group reissued a “buy” rating and set a $418.00 target price on shares of JPMorgan Chase & Co. in a research report on Tuesday. Jefferies Financial Group set a $350.00 price target on JPMorgan Chase & Co. in a research note on Tuesday. Robert W. Baird raised their price objective on JPMorgan Chase & Co. from $295.00 to $305.00 and gave the company a “neutral” rating in a research note on Wednesday. UBS Group upped their target price on JPMorgan Chase & Co. from $375.00 to $384.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Finally, Piper Sandler increased their price target on JPMorgan Chase & Co. from $325.00 to $345.00 and gave the company an “overweight” rating in a report on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $354.92.
Check Out Our Latest Stock Report on JPM
JPMorgan Chase & Co. Trading Down 0.5% JPMorgan Chase & Co. stock opened at $341.60 on Friday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.86 and a current ratio of 0.85. The business’s 50-day simple moving average is $319.11 and its 200-day simple moving average is $310.31. The firm has a market capitalization of $915.33 billion, a PE ratio of 14.64, a PEG ratio of 1.53 and a beta of 0.99. JPMorgan Chase & Co. has a 52 week low of $279.10 and a 52 week high of $351.24.
JPMorgan Chase & Co. Announces Dividend The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Monday, July 6th will be issued a $1.50 dividend. The ex-dividend date of this dividend is Monday, July 6th. This represents a $6.00 dividend on an annualized basis and a yield of 1.8%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 25.71%.
Insiders Place Their Bets In other news, CFO Jeremy Barnum sold 3,022 shares of the firm’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $309.41, for a total value of $935,037.02. Following the sale, the chief financial officer owned 32,438 shares in the company, valued at approximately $10,036,641.58. This trade represents a 8.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Jennifer Piepszak sold 4,919 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $309.42, for a total transaction of $1,522,036.98. Following the transaction, the chief operating officer directly owned 85,082 shares in the company, valued at $26,326,072.44. This trade represents a 5.47% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 18,876 shares of company stock valued at $5,907,051 in the last three months. Company insiders own 0.41% of the company’s stock.
JPMorgan Chase & Co. Company Profile (Free Report)
JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.
The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.
Featured Stories Five stocks we like better than JPMorgan Chase & Co. Netflix May Be Cheap Enough to Tempt Buyers After Earnings Drop Delta vs. United: Which Airline Is Better Built for Higher Fuel Costs? The Market Sold Alcoa After Earnings—But It May Be Missing the Real Story Why Intuitive Surgical’s Strong Quarter Still Spooked Investors Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM – Free Report).
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« PREVIOUS HEADLINEEmpirical Financial Services LLC d.b.a. Empirical Wealth Management Boosts Stock Position in JPMorgan Chase & Co. $JPM
NEXT HEADLINE »JPMorgan Chase & Co. $JPM Holdings Trimmed by Bryn Mawr Trust Advisors LLC
Bryn Mawr Trust Advisors LLC lowered its position in shares of JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 3.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 132,448 shares of the financial services provider’s stock after selling 4,863 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 1.9% of Bryn Mawr Trust Advisors LLC’s investment portfolio, making the stock its 8th biggest holding. Bryn Mawr Trust Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $38,961,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Timmons Wealth Management LLC bought a new position in JPMorgan Chase & Co. during the fourth quarter valued at about $27,000. MBM Wealth Consultants LLC purchased a new position in JPMorgan Chase & Co. in the first quarter valued at about $29,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $32,000. Osbon Capital Management LLC bought a new position in JPMorgan Chase & Co. during the fourth quarter valued at $35,000. Finally, Turning Point Benefit Group Inc. purchased a new stake in JPMorgan Chase & Co. in the third quarter worth $35,000. 71.55% of the stock is owned by hedge funds and other institutional investors.
Key Stories Impacting JPMorgan Chase & Co. Here are the key news stories impacting JPMorgan Chase & Co. this week:
Positive Sentiment: JPMorgan’s blowout Q2 earnings are driving bullish sentiment, with the bank reporting record profits, 41% higher net income, strong trading and investment banking activity, and higher full-year net interest income guidance. JPMorgan Just Reported $21.2 Billion in Q2 Net Income — Up 41% — and CEO Jamie Dimon Said the Economy Is “Close to as Good as It Gets.” Positive Sentiment: Analysts have been raising expectations after the results, including multiple higher price targets and upgraded earnings forecasts, signaling confidence that JPMorgan can continue to outperform. JPMorgan Price Target Raised to $380 on Strong Q2 Results, Upgraded Outlook and Capital Strength Positive Sentiment: The stock is also benefiting from expectations that JPMorgan may raise its quarterly dividend by 10% after passing the Federal Reserve stress test, reinforcing the bank’s capital strength and shareholder-return story. JPM Stock Just Staged a Record Bull Run. 1 Analyst Thinks It Can Still Soar to $420. Neutral Sentiment: JPMorgan was added to several “Strong Buy” and momentum/income stock lists, which adds to positive sentiment but is less directly impactful than earnings or guidance. New Strong Buy Stocks for July 17th Neutral Sentiment: JPMorgan also drew attention for major financing activity and a $24 million Philadelphia shipbuilding investment, highlighting ongoing business expansion and capital deployment. JPMorgan Chase (JPM) Puts $24 Million Into Philadelphia Shipbuilding And Defense Negative Sentiment: Late-day sector weakness in financial stocks may be limiting JPMorgan’s upside even as company-specific fundamentals remain strong. Sector Update: Financial Stocks Decline Friday Afternoon Insider Transactions at JPMorgan Chase & Co. In other news, COO Jennifer Piepszak sold 4,919 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $309.42, for a total value of $1,522,036.98. Following the completion of the sale, the chief operating officer owned 85,082 shares of the company’s stock, valued at approximately $26,326,072.44. This represents a 5.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Stacey Friedman sold 5,467 shares of JPMorgan Chase & Co. stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $330.73, for a total transaction of $1,808,100.91. Following the completion of the transaction, the general counsel owned 40,961 shares in the company, valued at approximately $13,547,031.53. The trade was a 11.78% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 18,876 shares of company stock worth $5,907,051. 0.41% of the stock is currently owned by insiders.
JPMorgan Chase & Co. Trading Down 0.5% NYSE JPM opened at $341.60 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.85 and a debt-to-equity ratio of 1.30. The stock’s 50-day simple moving average is $319.11 and its two-hundred day simple moving average is $310.31. JPMorgan Chase & Co. has a twelve month low of $279.10 and a twelve month high of $351.24. The company has a market capitalization of $915.33 billion, a price-to-earnings ratio of 14.64, a PEG ratio of 1.53 and a beta of 0.99.
JPMorgan Chase & Co. Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Monday, July 6th will be paid a dividend of $1.50 per share. The ex-dividend date of this dividend is Monday, July 6th. This represents a $6.00 annualized dividend and a dividend yield of 1.8%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 25.71%.
Wall Street Analyst Weigh In JPM has been the subject of several research reports. Daiwa Securities Group cut their price target on JPMorgan Chase & Co. from $340.00 to $328.00 and set an “outperform” rating for the company in a research note on Tuesday, April 7th. UBS Group lifted their target price on shares of JPMorgan Chase & Co. from $375.00 to $384.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Keefe, Bruyette & Woods raised their price objective on shares of JPMorgan Chase & Co. from $370.00 to $384.00 and gave the stock an “outperform” rating in a report on Wednesday. The Goldman Sachs Group reiterated a “buy” rating and issued a $418.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday. Finally, Bank of America raised their price target on JPMorgan Chase & Co. from $408.00 to $420.00 and gave the stock a “buy” rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $354.92.
View Our Latest Analysis on JPMorgan Chase & Co.
About JPMorgan Chase & Co. (Free Report)
JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.
The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.
Further Reading Five stocks we like better than JPMorgan Chase & Co. Netflix May Be Cheap Enough to Tempt Buyers After Earnings Drop Delta vs. United: Which Airline Is Better Built for Higher Fuel Costs? The Market Sold Alcoa After Earnings—But It May Be Missing the Real Story Why Intuitive Surgical’s Strong Quarter Still Spooked Investors
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« PREVIOUS HEADLINEJPMorgan Chase & Co. $JPM Position Increased by Calamos Advisors LLC
NEXT HEADLINE »JPMorgan Chase & Co. $JPM Shares Bought by Calamos Wealth Management LLC
Calamos Wealth Management LLC lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 14.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,906 shares of the financial services provider’s stock after acquiring an additional 11,389 shares during the quarter. JPMorgan Chase & Co. accounts for 0.9% of Calamos Wealth Management LLC’s portfolio, making the stock its 23rd largest holding. Calamos Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $26,447,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also modified their holdings of the stock. Fidelis Capital Partners LLC lifted its stake in JPMorgan Chase & Co. by 7.9% in the 4th quarter. Fidelis Capital Partners LLC now owns 70,077 shares of the financial services provider’s stock worth $22,580,000 after acquiring an additional 5,101 shares in the last quarter. Howard Capital Management Inc. grew its stake in JPMorgan Chase & Co. by 18.2% during the 4th quarter. Howard Capital Management Inc. now owns 25,784 shares of the financial services provider’s stock valued at $8,308,000 after acquiring an additional 3,976 shares in the last quarter. Newbridge Financial Services Group Inc. grew its stake in JPMorgan Chase & Co. by 51.7% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 8,883 shares of the financial services provider’s stock valued at $2,862,000 after acquiring an additional 3,027 shares in the last quarter. Brighton Jones LLC increased its holdings in shares of JPMorgan Chase & Co. by 11.0% in the 4th quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider’s stock valued at $11,682,000 after purchasing an additional 4,841 shares during the period. Finally, KTF Investments LLC acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $6,449,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.
JPMorgan Chase & Co. Stock Down 0.5% Shares of JPMorgan Chase & Co. stock opened at $341.60 on Friday. The firm has a market cap of $915.33 billion, a price-to-earnings ratio of 14.64, a P/E/G ratio of 1.53 and a beta of 0.99. The stock has a 50-day simple moving average of $319.11 and a 200-day simple moving average of $310.31. JPMorgan Chase & Co. has a 52-week low of $279.10 and a 52-week high of $351.24. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.85 and a quick ratio of 0.86.
JPMorgan Chase & Co. Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Monday, July 6th will be given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Monday, July 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.71%.
Wall Street Analyst Weigh In A number of analysts have recently issued reports on JPM shares. The Goldman Sachs Group reissued a “buy” rating and issued a $418.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday. Bank of America boosted their price objective on shares of JPMorgan Chase & Co. from $408.00 to $420.00 and gave the company a “buy” rating in a research report on Thursday. Piper Sandler upped their price objective on shares of JPMorgan Chase & Co. from $325.00 to $345.00 and gave the company an “overweight” rating in a research note on Wednesday, April 15th. Autonomous Res cut their target price on shares of JPMorgan Chase & Co. from $360.00 to $324.00 and set a “neutral” rating for the company in a research report on Monday, April 6th. Finally, Wells Fargo & Company boosted their price target on shares of JPMorgan Chase & Co. from $360.00 to $375.00 and gave the company an “overweight” rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $354.92.
View Our Latest Stock Report on JPM
Insider Buying and Selling at JPMorgan Chase & Co. In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 4,919 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $309.42, for a total value of $1,522,036.98. Following the completion of the sale, the chief operating officer directly owned 85,082 shares in the company, valued at $26,326,072.44. The trade was a 5.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jeremy Barnum sold 3,022 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $309.41, for a total transaction of $935,037.02. Following the completion of the sale, the chief financial officer directly owned 32,438 shares of the company’s stock, valued at $10,036,641.58. This represents a 8.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 18,876 shares of company stock worth $5,907,051 over the last ninety days. 0.41% of the stock is currently owned by insiders.
JPMorgan Chase & Co. News Summary Here are the key news stories impacting JPMorgan Chase & Co. this week:
Positive Sentiment: JPMorgan’s blowout Q2 earnings are driving bullish sentiment, with the bank reporting record profits, 41% higher net income, strong trading and investment banking activity, and higher full-year net interest income guidance. JPMorgan Just Reported $21.2 Billion in Q2 Net Income — Up 41% — and CEO Jamie Dimon Said the Economy Is “Close to as Good as It Gets.” Positive Sentiment: Analysts have been raising expectations after the results, including multiple higher price targets and upgraded earnings forecasts, signaling confidence that JPMorgan can continue to outperform. JPMorgan Price Target Raised to $380 on Strong Q2 Results, Upgraded Outlook and Capital Strength Positive Sentiment: The stock is also benefiting from expectations that JPMorgan may raise its quarterly dividend by 10% after passing the Federal Reserve stress test, reinforcing the bank’s capital strength and shareholder-return story. JPM Stock Just Staged a Record Bull Run. 1 Analyst Thinks It Can Still Soar to $420. Neutral Sentiment: JPMorgan was added to several “Strong Buy” and momentum/income stock lists, which adds to positive sentiment but is less directly impactful than earnings or guidance. New Strong Buy Stocks for July 17th Neutral Sentiment: JPMorgan also drew attention for major financing activity and a $24 million Philadelphia shipbuilding investment, highlighting ongoing business expansion and capital deployment. JPMorgan Chase (JPM) Puts $24 Million Into Philadelphia Shipbuilding And Defense Negative Sentiment: Late-day sector weakness in financial stocks may be limiting JPMorgan’s upside even as company-specific fundamentals remain strong. Sector Update: Financial Stocks Decline Friday Afternoon JPMorgan Chase & Co. Profile (Free Report)
JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.
The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.
Further Reading Five stocks we like better than JPMorgan Chase & Co. Netflix May Be Cheap Enough to Tempt Buyers After Earnings Drop Delta vs. United: Which Airline Is Better Built for Higher Fuel Costs? The Market Sold Alcoa After Earnings—But It May Be Missing the Real Story Why Intuitive Surgical’s Strong Quarter Still Spooked Investors Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM – Free Report).
Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.
The market got great news from the big banks this week. All five of the largest U.S. banks reported second-quarter earnings on Tuesday, and they were almost uniformly outstanding. But although the U.S. consumer appears healthy, it was market-related activity like initial public offerings (IPOs) that really stood out.
JPMorgan Chase (JPM 0.44%) and Goldman Sachs (GS 2.76%) led the earnings parade as the two top investment banks in the country, and these divisions drove high growth in the quarter; investment banking revenue increased 45% year over year at JPMorgan Chase and 55% at Goldman Sachs.
CEOs at both banks said they see more opportunity around the corner, with artificial intelligence (AI) playing a big role. In fact, JPMorgan Chase CEO Jamie Dimon said he thinks AI spend is going to reach $1 trillion next year.
JPMorgan Chase CEO Jamie Dimon. Image source: JPMorgan Chase.
On the second-quarter earnings call, Dimon posited that total capital expenditure is about $4 trillion, with AI representing a massive amount. "AI went from $400 billion last year to $700 billion this year," he said. "People project, which so do our people, it will be like a little over a trillion next year and maybe a little reduction in the non-AI capex."
That implies that in 2027, AI spend will account for more than a quarter of all company spend.
Today's Change
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Current Price
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341.63
He also cautioned that even though the current market is "getting close to as good as it gets," investors shouldn't forget the most important thing: "We just don't know how long it's going to last."
In the near term, though, the AI party is going strong, and investors can look forward to more expansion and matching stock prices.
JPMorgan Chase is an advertising partner of Motley Fool Money. Jennifer Saibil has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Goldman Sachs Group and JPMorgan Chase. The Motley Fool has a disclosure policy.
Absher Wealth Management LLC decreased its position in JPMorgan Chase & Co. (NYSE:JPM) by 3.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 103,218 shares of the financial services provider’s stock after selling 3,891 shares during the period. JPMorgan Chase & Co. comprises approximately 3.6% of Absher Wealth Management LLC’s holdings, making the stock its 13th largest holding. Absher Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $30,363,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Timmons Wealth Management LLC acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth about $27,000. Caitong International Asset Management Co. Ltd bought a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $32,000. MBM Wealth Consultants LLC acquired a new stake in shares of JPMorgan Chase & Co. in the first quarter valued at approximately $29,000. Osbon Capital Management LLC bought a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth $35,000. Finally, Turning Point Benefit Group Inc. bought a new stake in shares of JPMorgan Chase & Co. in the third quarter worth $35,000. Institutional investors own 71.55% of the company’s stock.
JPMorgan Chase & Co. Stock Down 0.5% Shares of JPM opened at $341.60 on Friday. JPMorgan Chase & Co. has a 52 week low of $279.10 and a 52 week high of $351.24. The stock has a market capitalization of $915.33 billion, a price-to-earnings ratio of 14.64, a PEG ratio of 1.54 and a beta of 0.99. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.86 and a current ratio of 0.85. The stock has a fifty day moving average of $319.11 and a 200-day moving average of $310.31.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last issued its quarterly earnings data on Tuesday, April 14th. The financial services provider reported $5.94 earnings per share for the quarter, topping analysts’ consensus estimates of $5.50 by $0.44. JPMorgan Chase & Co. had a return on equity of 18.23% and a net margin of 21.86%.The business had revenue of $50.54 billion for the quarter, compared to analyst estimates of $48.30 billion. During the same quarter in the previous year, the company posted $5.07 EPS. JPMorgan Chase & Co.’s quarterly revenue was up 10.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that JPMorgan Chase & Co. will post 23.24 earnings per share for the current fiscal year.
JPMorgan Chase & Co. Dividend Announcement The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Monday, July 6th will be given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Monday, July 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 25.71%.
JPMorgan Chase & Co. News Summary Here are the key news stories impacting JPMorgan Chase & Co. this week:
Positive Sentiment: JPMorgan’s blowout Q2 earnings are driving bullish sentiment, with the bank reporting record profits, 41% higher net income, strong trading and investment banking activity, and higher full-year net interest income guidance. JPMorgan Just Reported $21.2 Billion in Q2 Net Income — Up 41% — and CEO Jamie Dimon Said the Economy Is “Close to as Good as It Gets.” Positive Sentiment: Analysts have been raising expectations after the results, including multiple higher price targets and upgraded earnings forecasts, signaling confidence that JPMorgan can continue to outperform. JPMorgan Price Target Raised to $380 on Strong Q2 Results, Upgraded Outlook and Capital Strength Positive Sentiment: The stock is also benefiting from expectations that JPMorgan may raise its quarterly dividend by 10% after passing the Federal Reserve stress test, reinforcing the bank’s capital strength and shareholder-return story. JPM Stock Just Staged a Record Bull Run. 1 Analyst Thinks It Can Still Soar to $420. Neutral Sentiment: JPMorgan was added to several “Strong Buy” and momentum/income stock lists, which adds to positive sentiment but is less directly impactful than earnings or guidance. New Strong Buy Stocks for July 17th Neutral Sentiment: JPMorgan also drew attention for major financing activity and a $24 million Philadelphia shipbuilding investment, highlighting ongoing business expansion and capital deployment. JPMorgan Chase (JPM) Puts $24 Million Into Philadelphia Shipbuilding And Defense Negative Sentiment: Late-day sector weakness in financial stocks may be limiting JPMorgan’s upside even as company-specific fundamentals remain strong. Sector Update: Financial Stocks Decline Friday Afternoon Insider Buying and Selling In other news, General Counsel Stacey Friedman sold 5,468 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $300.27, for a total transaction of $1,641,876.36. Following the completion of the transaction, the general counsel directly owned 46,428 shares in the company, valued at $13,940,935.56. This trade represents a 10.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Jennifer Piepszak sold 4,919 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $309.42, for a total value of $1,522,036.98. Following the completion of the transaction, the chief operating officer directly owned 85,082 shares in the company, valued at approximately $26,326,072.44. This represents a 5.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 18,876 shares of company stock valued at $5,907,051 in the last three months. Insiders own 0.41% of the company’s stock.
Analyst Ratings Changes JPM has been the subject of a number of recent research reports. Argus increased their price objective on shares of JPMorgan Chase & Co. from $340.00 to $355.00 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Daiwa Securities Group dropped their target price on JPMorgan Chase & Co. from $340.00 to $328.00 and set an “outperform” rating on the stock in a report on Tuesday, April 7th. Evercore reissued an “outperform” rating and issued a $360.00 target price on shares of JPMorgan Chase & Co. in a research note on Monday, July 6th. DZ Bank reiterated a “neutral” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, April 15th. Finally, UBS Group boosted their price objective on shares of JPMorgan Chase & Co. from $375.00 to $384.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Fifteen analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $354.92.
Get Our Latest Analysis on JPM
JPMorgan Chase & Co. Company Profile (Free Report)
JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.
The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.
Recommended Stories Five stocks we like better than JPMorgan Chase & Co. AST SpaceMobile Stock Sinks as SpaceX Fallout Rattles Space Sector Aehr Test Systems Stock Soars on Earnings, Eyes Over 150% Revenue Growth TSMC Just Gave AI Chip Bulls Another Reason to Stay Confident GE Aerospace Faces a Prove-It Moment in Q2 Earnings Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM – Free Report).
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AMF Tjanstepension AB lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 853,194 shares of the financial services provider’s stock after acquiring an additional 12,219 shares during the period. JPMorgan Chase & Co. makes up about 1.7% of AMF Tjanstepension AB’s investment portfolio, making the stock its 19th largest holding. AMF Tjanstepension AB’s holdings in JPMorgan Chase & Co. were worth $250,976,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also made changes to their positions in JPM. Timmons Wealth Management LLC acquired a new stake in JPMorgan Chase & Co. in the 4th quarter valued at $27,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $32,000. MBM Wealth Consultants LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 1st quarter worth about $29,000. Osbon Capital Management LLC bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth approximately $35,000. Finally, Turning Point Benefit Group Inc. acquired a new position in shares of JPMorgan Chase & Co. in the third quarter valued at about $35,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.
Key JPMorgan Chase & Co. News Here are the key news stories impacting JPMorgan Chase & Co. this week:
Positive Sentiment: JPMorgan’s blowout Q2 earnings are driving bullish sentiment, with the bank reporting record profits, 41% higher net income, strong trading and investment banking activity, and higher full-year net interest income guidance. JPMorgan Just Reported $21.2 Billion in Q2 Net Income — Up 41% — and CEO Jamie Dimon Said the Economy Is “Close to as Good as It Gets.” Positive Sentiment: Analysts have been raising expectations after the results, including multiple higher price targets and upgraded earnings forecasts, signaling confidence that JPMorgan can continue to outperform. JPMorgan Price Target Raised to $380 on Strong Q2 Results, Upgraded Outlook and Capital Strength Positive Sentiment: The stock is also benefiting from expectations that JPMorgan may raise its quarterly dividend by 10% after passing the Federal Reserve stress test, reinforcing the bank’s capital strength and shareholder-return story. JPM Stock Just Staged a Record Bull Run. 1 Analyst Thinks It Can Still Soar to $420. Neutral Sentiment: JPMorgan was added to several “Strong Buy” and momentum/income stock lists, which adds to positive sentiment but is less directly impactful than earnings or guidance. New Strong Buy Stocks for July 17th Neutral Sentiment: JPMorgan also drew attention for major financing activity and a $24 million Philadelphia shipbuilding investment, highlighting ongoing business expansion and capital deployment. JPMorgan Chase (JPM) Puts $24 Million Into Philadelphia Shipbuilding And Defense Negative Sentiment: Late-day sector weakness in financial stocks may be limiting JPMorgan’s upside even as company-specific fundamentals remain strong. Sector Update: Financial Stocks Decline Friday Afternoon Insider Transactions at JPMorgan Chase & Co. In related news, CFO Jeremy Barnum sold 3,022 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $309.41, for a total value of $935,037.02. Following the completion of the transaction, the chief financial officer owned 32,438 shares in the company, valued at $10,036,641.58. This trade represents a 8.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Jennifer Piepszak sold 4,919 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $309.42, for a total transaction of $1,522,036.98. Following the sale, the chief operating officer owned 85,082 shares in the company, valued at approximately $26,326,072.44. This represents a 5.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 18,876 shares of company stock worth $5,907,051. Insiders own 0.41% of the company’s stock.
Analyst Upgrades and Downgrades A number of analysts have recently weighed in on the company. HSBC upped their target price on JPMorgan Chase & Co. from $288.00 to $312.00 and gave the company a “hold” rating in a research report on Monday, May 4th. Piper Sandler boosted their price target on JPMorgan Chase & Co. from $325.00 to $345.00 and gave the company an “overweight” rating in a research note on Wednesday, April 15th. Weiss Ratings raised shares of JPMorgan Chase & Co. from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, July 6th. Evercore reiterated an “outperform” rating and set a $360.00 price objective on shares of JPMorgan Chase & Co. in a research note on Monday, July 6th. Finally, Robert W. Baird raised their target price on shares of JPMorgan Chase & Co. from $295.00 to $305.00 and gave the company a “neutral” rating in a report on Wednesday. Fifteen analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $354.92.
Read Our Latest Research Report on JPM
JPMorgan Chase & Co. Stock Performance NYSE JPM opened at $341.60 on Friday. The firm’s fifty day moving average price is $319.11 and its two-hundred day moving average price is $310.31. The stock has a market cap of $915.33 billion, a PE ratio of 14.64, a PEG ratio of 1.54 and a beta of 0.99. JPMorgan Chase & Co. has a fifty-two week low of $279.10 and a fifty-two week high of $351.24. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.86 and a current ratio of 0.85.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last released its quarterly earnings data on Tuesday, April 14th. The financial services provider reported $5.94 earnings per share for the quarter, beating the consensus estimate of $5.50 by $0.44. The company had revenue of $50.54 billion for the quarter, compared to the consensus estimate of $48.30 billion. JPMorgan Chase & Co. had a return on equity of 18.23% and a net margin of 21.86%.JPMorgan Chase & Co.’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter last year, the business posted $5.07 EPS. On average, equities analysts expect that JPMorgan Chase & Co. will post 23.24 EPS for the current fiscal year.
JPMorgan Chase & Co. Announces Dividend The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, July 6th will be paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Monday, July 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.71%.
About JPMorgan Chase & Co. (Free Report)
JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.
The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.
See Also Five stocks we like better than JPMorgan Chase & Co. AST SpaceMobile Stock Sinks as SpaceX Fallout Rattles Space Sector Aehr Test Systems Stock Soars on Earnings, Eyes Over 150% Revenue Growth TSMC Just Gave AI Chip Bulls Another Reason to Stay Confident GE Aerospace Faces a Prove-It Moment in Q2 Earnings Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM – Free Report).
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The big banks' second-quarter results are in, and they demonstrate incredible market momentum. There was strong growth across most of their businesses, indicating a healthy economy, but the big star was market activity. Investment banking divisions had a fantastic quarter, driven by initial public offerings (IPOs) and other offerings, but consumer banking and mergers and acquisitions had robust activity, too.
JPMorgan Chase (JPM 0.31%) is the largest bank in the U.S. by assets, and it had a blowout quarter. But it's what CEO Jamie Dimon said about the market now that every investor needs to hear.
As good as it gets "It's getting close to as good as it gets," Dimon answered on the second-quarter earnings call when asked by an analyst if this is as good as it gets. The analyst, Mathew O'Connor from Deutsche Bank, noted how JPMorgan Chase is firing on all cylinders across its business. Dimon followed that up by pragmatically noting that "We just don't know how long it's going to last.
"Could it get a lot better than this? It can get better," he added later, "But how much better, I don't know."
JPMorgan Chase CEO Jamie Dimon. Image source: JPMorgan Chase.
The second-quarter results were outstanding. Here are some highlights:
Revenue increased 27% year over year. Net interest income was up 10%. Earnings per share were $7.70, up from $2.46 last year. Return on tangible common equity (ROTCE) was 29%, up from 21% last year and 23% in the first quarter. The company's commercial and investment bank (CIB) division was the standout, benefiting from robust IPO activity, including Space Exploration Technologies, of which it was a co-underwriter. According to reports, it received a $75 million payout for its services.
Investment Banking revenue was up 45% over last year, and its Equity Markets group, which is its trading arm, was up 86%. Consumer banking, though, was also healthy, with an 8% increase in revenue and 2% increase in average loans.
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The warning behind the message The implications of Dimon's message are that the bull market doesn't seem to be ending yet, but that it's going to come to an end at some point.
If your portfolio is tailored to a strong bull economy, with a large portion in high-growth and artificial intelligence (AI) stocks, you might want to start diversifying into more protective stocks. You won't be able to predict when the market reaches a high, so you'll want to be prepared in advance. JPMorgan Chase is actually a great candidate itself.
At the same time, you don't want to miss potential gains in the market. If you're a conservative investor, consider adding some lower-risk growth stocks to your portfolio or growth-focused exchange-traded funds like the Vanguard Growth ETF (VUG 1.49%), which helps reduce risk through diversification.
Jamie Dimon just delivered a JPMorgan earnings report for the record books, and in the same breath told everyone to enjoy it while it lasts.
JPMorgan Chase (NYSE:JPM | JPM Price Prediction) reported second-quarter 2026 net income of $21.155 billion, with core profit of $16.9 billion, on revenue of $57.347 billion. EPS came in at $7.70 versus the $5.80 estimate, a 32.76% beat. Every line of business hit a new record.
The most powerful bank CEO in America used the moment to sound a warning instead.
“It’s getting close to as good as it gets,” Dimon said on the Q2 2026 earnings call. “We just don’t know how long it will last.”
A Market Bubble Warning Wrapped in Record Profits The headline is record profits. The subtext, from Dimon himself, is a market bubble warning, and he reached for uncomfortable history to make it.
Dimon pointed to “a lot of exuberance out there,” then named specific years when markets felt this good right before they did not: 1972, 1986, 2000, and 2007. Invoking 2007, the eve of the global financial crisis, from the CEO of the largest U.S. bank is not a casual comparison.
He was careful. Dimon described a set of risks “shifting below the surface like tectonic plates, including geopolitical tensions and wars, sticky inflation, large global fiscal deficits and elevated asset prices.”
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The market seems unbothered. The VIX sits at 15.67, in the bottom 20th percentile of the past year’s range. Consumer sentiment, meanwhile, has slid to 44.8, recessionary territory. Record Wall Street profits, complacent volatility, worried Main Street.
Not Just a JPMorgan Story Goldman Sachs (NYSE:GS) posted its own blowout, with EPS of $20.98 versus a $14.54 estimate and net income up 78.03% year over year. Goldman shares are up 57.63% over the past year; JPMorgan is up 22.34%. When the entire sector is printing money at once, it reflects an environment running hot.
What “As Good As It Gets” Means for You First, it signals where we likely sit in the cycle. When the banker with the best real-time view says conditions are near their peak, it is worth taking seriously as a framing device.
Second, it argues for preparation over prediction. Dimon pointedly said he does not know when the cycle turns. What you can control is diversification, understood risk, and cash set aside so a downturn becomes an opportunity instead of an emergency.
Third, it reframes the record numbers themselves. Blowout profits can mark the top of a cycle. As Dimon’s own list of years suggests, they have sometimes been the last, brightest flare before the lights dimmed.
The person best positioned to see a downturn is telling you the environment is about as favorable as it gets, and quietly urging caution beneath the celebration. Check whether your finances are built for the moment after “as good as it gets,” because by definition, that is what comes next.
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Some people call big banks the bellwethers of the economy. If that's the case, things may not be all that bad, at least judging by the performance of JPMorgan Chase (JPM 1.08%) in the second quarter.
The nation's largest bank had a record quarter, crushing analysts' estimates. JPMorgan Chase generated a record net income of $21.2 billion, up 41% year over year. Earnings were $7.70 per share, up 47% year over year. On an adjusted basis, the bank earned $16.9 billion, or $6.14 per share. The adjustments were related to special items, which consisted mostly of a one-time $4.6 billion gain from its equity stake in Visa. Analysts had expected earnings of $5.59 per share, so this blew past those estimates.
Revenue also set a record, coming in at $57.3 billion, up 28% year over year and significantly above estimates of $51.1 billion. CEO Jamie Dimon said the firm had record revenue across all lines of business.
"It's getting close to as good as it gets," Dimon said on the earnings call. "We just don't know how long it's going to last."
Image source: Getty Images.
Improving outlook It could certainly last a bit longer, as the bank's credit quality also improved.
Net charge-offs, which are bad loans unlikely to be repaid, fell by $44 billion year over year. In Card Services, the net charge-off rate was down to 3.34% from 3.47% in the first quarter. For the full year, JPMorgan Chase lowered its net charge-off rate in Card Services to 3.2%, down from its previous guidance of 3.4%.
Further, the bank lowered its provision for credit losses, which is money set aside for potential losses. It was down 12% year over year to $2.5 billion.
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The bank also raised its net interest income guidance for fiscal 2026 from $103 billion to $105.5 billion.
Investment banking and trading revenue surge Net interest income rose a robust 10% to $25.6 billion, but the real alpha came from noninterest or fee revenue, which surged 45% to $32.4 billion.
Of JPMʻs three main businesses, Commercial and Investment Banking was the earnings driver. Revenue spiked 27%, and earnings rose 46% in this segment. The biggest boost came from investment banking, which saw revenue spike 45% year over year, and its institutional trading business, where revenue soared 33%. Within the trading business, equity market trading revenue skyrocketed 86% to $6 billion, fueled by a major market rally in April and May.
JPMorgan Chase's Asset and Wealth Management business was also a strong performer, with revenue up 19% and earnings rising 33% year over year.
Its Consumer and Community Banking business lagged, but still had a solid 8% revenue increase with net income ticking up 3%.
JPMorgan Chase stock has climbed about 7% since the earnings were reported on July 14. The stock is now up about 7% per share and is trading at 15 times forward earnings. With its strong outlook and relatively low valuation, JPMorgan Chase stock is a strong buy right now.
Investors had lofty expectations heading into second-quarter bank earnings reports, and JPMorgan Chase (JPM 1.13%) rose to the occasion.
On July 14, JPMorgan Chase reported adjusted earnings per share of $6.14, nearly $0.30 ahead of Wall Street consensus estimates. Adjusted revenue of $52.4 billion also topped estimates by over $2 billion. The stock rose 2.5% on the day.
Image source: Getty Images.
Notably, the bank achieved record revenue across each major line of business and reported an overall 23% return on tangible common equity (ROTCE), well above the bank's long-term ROTCE guidance.
JPMorgan Chase also reported a massive 86% year-over-year increase in its equity markets trading business, while raising its full-year net interest income (NII) guidance to $105.5 billion.
Diving deeper into the results All of JPMorgan Chase's businesses were thriving in the quarter, but equity markets were a particular standout. Revenue of over $6 billion came in significantly higher than in each of the prior four quarters.
On JPMorgan Chase's second-quarter earnings call, CFO Jeremy Barnum attributed the sensational quarter of trading to one-time events unlikely to recur.
"We had some major IPOs. We had some major index rebalancing. We had some very complicated dynamics in the Korean equity market. There's been a lot of activity in Asia. The overall environment has been dynamic and interesting across a whole variety of dimensions. The clients have been extremely active," Barnum said.
JPMorgan Chase also raised its full-year guidance for NII, which is essentially the spread revenue the bank earns between the yield it pays on customer deposits and the yield it earns on loans and bonds.
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JPMorgan Chase raised its guidance from $103 billion last quarter to $105.5 billion, including markets revenue. This comes from the yield the bank earns on various bonds, derivatives, and foreign currencies it holds in its trading business.
Interestingly, Barnum said that markets' NII drove the higher guidance, due to changes in balance sheet composition. Typically, markets NII declines when rates are higher in the quarter.
Overall, the bank had a very strong quarter. Credit quality also continues to look quite benign. Total nonaccrual loans and nonperforming assets both fell from the prior quarter and year over year. Net charge-offs -- loan losses unlikely to be recovered -- rose slightly, but were nothing to be alarmed about.
Thirty-day delinquencies also declined. While not exactly cheap by historical valuation, JPMorgan Chase remains a long-term buy-and-hold stock, in my view.
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Twenty Years of Building the Fortress Jamie Dimon became CEO of JPMorgan Chase (NYSE:JPM | JPM Price Prediction) on December 31, 2005, and the two decades since have redefined American banking. He steered the firm through the 2008 crisis, absorbing Bear Stearns and Washington Mutual, then spent the next decade turning JPMorgan into the largest U.S. bank by assets, now holding $5.02 trillion in total assets.
The recent numbers make the case. Q2 2026 produced EPS of $7.70 against a $5.80 consensus, revenue of $57.35 billion, and a 23% ROTCE. Commercial & Investment Bank revenue jumped 27% to $24.85 billion, Equity Markets surged 86%, and Asset & Wealth Management now oversees $5.14 trillion in AUM. Dimon credited “years of consistent investment and thoughtful capital deployment.”
What $10,000 Became Here is how a $10,000 stake in JPMorgan performed against the S&P 500 across standard windows and Dimon’s full tenure, on a split-adjusted price basis through July 15, 2026. (For broader context on top financial names, see our 7 Warren Buffett Stocks report.)
JPMorgan S&P 500 1-Year Return $12,336 (23.36%) $12,132 (21.32%) 5-Year Return $25,890 (158.9%) $17,499 (74.99%) 10-Year Return $70,302 (603.02%) $34,972 (249.72%) Dimon Era $147,285 (1,372.85%) $59,575 (495.75%) The Dimon-era gap is the headline: JPMorgan roughly tripled the index return on price alone, excluding two decades of dividends. Shareholders had to sit through 2008, the 2020 pandemic drawdown, and the 2023 regional banking scare to collect it. The five-year window looks especially strong because it captures the post-COVID recovery and the current capital markets boom.
The Dimon Report Card: A Market share taken during crises, a diversified franchise that just posted $21.16 billion in quarterly net income, and disciplined capital return, including a fresh $50 billion buyback authorization effective July 1, 2026. For all this, we give Dimon an A. The London Whale still stings, but the compounding speaks.
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What Investors Should Watch From Here On the Q2 call, Dimon called the succession timetable “essentially the same,” framed as “several years” and ultimately the board’s decision. Marianne Lake has retired and co-presidents have been elevated. No named successor has been confirmed.
Investing $10,000 into JPMorgan today would provide exposure to a best-in-class U.S. bank at a reasonable 16x trailing earnings, complete with a $1.50 quarterly dividend and aggressive share buybacks. However, investors should avoid the stock if capital markets normalize sharply, credit quality deteriorates, or the post-Dimon leadership transition compresses the valuation multiple.
Overall, a cautiously constructive stance is warranted. While the stock has had a significant run, the franchise consistently delivers the earnings to justify it.
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Evropské i americké futures naznačují smíšený začátek obchodování, zatímco investoři vstřebávají řadu firemních i geopolitických zpráv. Na globální scéně rezonují informace o možném zdražování ASML, varování šéfa JPMorgan Jamieho Dimona před riziky pokročilé umělé inteligence či pokračující pokles akcií SpaceX.
Článek se odemkne 16.07.2026 10:03
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PHILADELPHIA--(BUSINESS WIRE)--JPMorganChase today announced $24 million to strengthen Philadelphia's shipbuilding and maritime manufacturing industry—supporting skills training, stronger supply chains and small business growth in a sector critical to America's defense industrial base. The announcement includes $18 million in loans and investments and $6 million in philanthropic grants. Near-term focus areas include: Driving the expansion of a submarine manufacturing and assembly facility expec.
WILMINGTON, Del.--(BUSINESS WIRE)--Chase announced its Chase Sapphire Lounge by The Club at Dallas Fort Worth International Airport (DFW) will open tomorrow, July 16, 2026. Located post-security in Terminal D by Gate D25, the new lounge offers a premium retreat for Chase Sapphire Reserve cardmembers. Opening at DFW lets Chase Sapphire meet cardmembers where they travel most, as the Dallas–Fort Worth area continues to grow year over year as a top destination for Chase Sapphire Reserve cardmember.
JPMorgan Chase (JPM - Free Report) ) once again reminded Wall Street why it remains the gold standard among U.S. banks after delivering a stellar Q2 report that impressively topped analyst expectations yesterday.
Driven by surging trading revenue, a rebound in investment banking, resilient consumer spending, and healthy loan growth, the banking giant posted another record quarter while raising key guidance metrics.
With JPM hitting an all-time high of $351 a share following its earnings release, investors may be wondering whether the post-earnings rally has further room to run or if much of the good news is already priced in.
Image Source: Zacks Investment Research
JPMorgan's Record Q2 Results
JPMorgan's second-quarter numbers easily exceeded Wall Street estimates across the board.
The company earned record quarterly adjusted net income of $16.9 billion or $6.14 per share, which was up nearly 24% year over year, and almost 10% above EPS expectations of $5.59.
This came on revenue of $57.34 billion, which was also a quarterly peak and reflected 27% growth from the prior year quarter while topping estimates of $49.14 billion by nearly 17%.
Image Source: Zacks Investment Research
The strength was broad-based:
Investment banking fees rebounded sharply as capital markets activity improved.Equities trading revenue surged thanks to elevated market volatility and client activity.Asset and wealth management generated record fees.Consumer banking remained resilient with continued loan and deposit growth.Credit quality remained healthy, prompting management to lower its expected net charge-off outlook.CEO Jamie Dimon credited strong client activity and resilient consumer spending for the impressive quarter while noting that the bank continues to benefit from AI-related financing activity across corporate America. However, Dimon reiterated that geopolitical tensions, elevated government deficits, and inflation remain long-term risks.
JPMorgan’s Optimistic OutlookPerhaps even more encouraging than the quarterly beat was management's updated outlook.
JPMorgan raised its full-year net interest income (NII) guidance to roughly $105.5 billion from $103 billion, reflecting stronger lending trends and continued business momentum.
The banking giant modestly increased its annual expense outlook to $107.5 billion as it continues to invest heavily in technology and artificial intelligence, but investors largely viewed the higher spending as growth-oriented rather than concerning.
Furthermore, JPMorgan lowered its expected credit-loss outlook to roughly 3.2% from 3.4%, reinforcing confidence that earnings momentum can continue through the second half of the year.
JPM Still Offers Sound ValueDespite trading near record highs, JPMorgan's valuation remains far from excessive.
Large U.S. banks have generally traded at discounts to the broader market due to their cyclical nature, and JPMorgan is no exception. Even after its strong rally over the last several years, JPM trades at a very reasonable forward earnings multiple of 15X.
This is roughly on par with its Zacks Financial-Investment Bank Industry average and a pleasant discount to the benchmark S&P 500’s 23X, while being below the P/E premiums of many large-cap tech stocks.
Considering the company's increased profitability, industry-leading return on tangible common equity, fortress balance sheet, and exceptional capital generation, investors may still view JPM’s valuation as a steal.
Image Source: Zacks Investment Research
Meanwhile, JPMorgan continues to reward shareholders through a combination of dividend growth and share repurchases.
Offering a respectable 1.75% annual dividend yield that exceeds the S&P 500’s 1.03% average and its Zacks industry average of 1.64%, JPM has remained appealing to both growth and income-oriented investors.
Image Source: Zacks Investment Research
Can JPM Stock Reach Higher Highs?Several catalysts could keep supporting JPMorgan shares over the coming quarters.
If capital markets remain active, investment banking fees and trading revenue could stay elevated. At the same time, stabilization in interest rates should support net interest income, while improving credit conditions could reduce future loan losses.
Artificial intelligence also represents an increasingly important opportunity. JPMorgan has become one of Wall Street's largest AI investors, deploying the technology across fraud detection, customer service, software development, research, and internal productivity initiatives. The bank also benefits indirectly as it finances many of the largest AI infrastructure projects being undertaken by corporate clients.
Combined with one of the strongest balance sheets in global banking and a proven management team, JPMorgan appears well-positioned to continue delivering industry-leading financial performance.
Summary & ConclusionJPMorgan once again demonstrated why it is widely viewed as one of the premier banking franchises in the world. The company's impressive earnings beat, improving guidance, healthy credit trends, diversified revenue streams, and shareholder-friendly capital allocation have strengthened the long-term investment thesis.
Although JPM is trading near record highs, its valuation still appears reasonable relative to its earnings power and long-term growth prospects. For investors seeking exposure to the financial sector, JPM remains one of the highest-quality names capable of reaching higher highs if favorable operating trends continue, with the stock currently sporting a Zacks Rank #2 (Buy).
