JPMorgan Chase & Co. today
JPMorgan Chase & Co
- 52 week range
- $202.16
▼
$318.01
- Dividend yield
- 2.01%
- P/E ratio
- 14.75
- Price target
- $322.86
JPMorgan Chase & Co New York Stock Exchange: JPM It was one of the market’s top performers in 2025. So far, shares have delivered a total return of just over 30%. This led to the stock achieving strong and consistent gains after the market volatility associated with Liberation Day. Since April 14, stocks have never gained more than 3% during a single trading session and have never fallen more than 4%. With the stock seeing far more up days than down days in this period, shares crept higher and higher.
On October 14, JPMorgan helped kick off third-quarter earnings season, releasing its latest financial results. So, what do JPMorgan’s earnings tell investors about the stock’s ability to continue rising? Can JPM continue its meteoric rise, or does the stock face a tougher road ahead?
JPMorgan crushes expectations, but markets aren’t offering cigars
In the third quarter, JPM generated revenue of $46.4 billion, equivalent to approximately 9% growth. This beats estimates of just $44.4 billion, or a growth rate of more than 4%. On the bottom line, JPM’s adjusted earnings per share (EPS) came to $5.07, an increase of 16% from the previous year. This volatile analyst estimates just $4.83, or 10.5% growth.
Aside from these headline numbers, every part of JPMorgan’s business has performed well. Net interest income continued to rise by 2% to reach $24.1 billion despite the decline in interest rates. The company’s investment banking business saw strong fee growth of 16%. The fixed income and equity trading sectors grew by 21% and 33%, respectively.
This allowed the company’s markets segment to record its best third quarter ever, with revenue reaching $9 billion. Furthermore, its Asset and Wealth Management unit achieved record revenues of US$6.1 billion, an increase of 12%.
There was nothing not to like about JP Morgan’s results. Despite the excellent numbers, the markets punished the company rather than rewarded it. Shares closed down about 2% after the release, suggesting that although the company significantly beat Wall Street estimates, market expectations were higher.
This makes sense, given the strong gains the stock has seen in 2025. Overall, this suggests that JPM’s impressive rally is hitting a wall in the near term.
Analysts are sticking to previous expectations after JP Morgan results
JPMorgan’s earnings don’t seem to be swaying Wall Street analysts’ opinions one way or the other. Both Royal Bank of Canada and Goldman Sachs reiterated their price targets, which stand at $343 and $366, respectively.
JPMorgan Chase & Co. stock forecast today
$319.40
7.25% upHe catches
Based on 27 analyst ratings
| Current price | $297.81 |
|---|---|
| High expectations | $370.00 |
| Average expectations | $319.40 |
| Low expectations | $235.00 |
JPMorgan Chase & Co. stock forecast details
Additionally, Morgan Stanley issued a relatively small $2 price target increase, raising its forecast to $338. While the lack of meaningful increases to the target price is not ideal, the lack of cuts is also a positive sign for this name.
JPMorgan has been a standout stock in 2025. Its total return of 30% exceeds the gains seen in the general US banking industry. KBW Bank ETF Nasdaq: KBWBa commonly used measure of bank stock performance, returned just 19%. Given JPMorgan’s strong outperformance, it’s good to see that analysts are not suggesting the stock’s rally will reverse.
MarketBeat’s consensus price target for JPMorgan is near $319, implying only a 4% upside for the stock. However, it is important to note that analysts’ price targets are trending in the right direction. For example, the average target among updates issued since the beginning of September is much higher at $341.
Furthermore, of the three analysts above who updated their price targets following JPM’s results, the average price target was $349. This number indicates a very strong upside potential in the stock of about 14%. Such positive momentum proves that stocks can continue their “steady” gains.
However, repeating the 30% rally we have seen over the past 10 months seems a somewhat unrealistic expectation.
JPM: Long-term winner faces near-term valuation resistance
Overall, JP Morgan remains the best-positioned bank in the United States. Its market capitalization of over $830 billion shows its dominance. This number is more than double that of its largest competitor, Bank of America New York Stock Exchange: PACWith a market value of about $380 billion.
Despite signs that JPMorgan’s rise is slowing, the stock remains one of the best ways to trade the banking industry over the long term.
It can continue to increase its market share and benefit from the fact that the size of the economic pie continues to grow over the long term.
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