Street Calls of the Week
Investing.com - Freedom Capital Markets raised its price target on JPMorgan (NYSE:JPM) stock to $310 from $295 on Thursday, while maintaining a Hold rating following the bank’s third-quarter earnings report. According to InvestingPro data, the banking giant currently trades at a P/E ratio of 14.56x, with 6 analysts recently revising their earnings estimates upward for the upcoming period.
The bank reported better-than-expected Q3 2025 results with earnings per share of $5.07 billion, representing a 16% year-over-year increase but a 3% quarter-over-quarter decline. Revenue reached $46.4 billion, exceeding forecasts by 4.6% and 2.1%, respectively. The bank’s total revenue for the last twelve months stands at $167.1 billion, showing a steady growth of 3.07%.
Freedom Capital noted that the earnings surprise was primarily driven by non-interest income, specifically in investment banking, trading, and asset management segments. The firm expressed concern about JPMorgan’s lending business, where provisions were higher than anticipated.
The research firm highlighted that JPMorgan continues to deliver the highest efficiency and profitability figures among major banks, despite management providing a cautious forecast. This is reflected in the bank’s strong return on equity of 17% and an overall Financial Health Score of "GOOD" according to InvestingPro’s comprehensive analysis.
The new $310 price target is based on a forward price-to-earnings multiple of 14x and forward earnings per share of $22.10 for the period spanning Q4 2026 to Q3 2027. For deeper insights into JPMorgan’s valuation and financial metrics, investors can access the detailed Pro Research Report available on InvestingPro, which covers over 1,400 US stocks.
In other recent news, JPMorgan Chase announced the successful closure of public offerings totaling $5 billion in fixed-to-floating rate notes. These offerings include $2 billion due in 2031 and $3 billion due in 2036, registered under the Securities Act of 1933. Additionally, JPMorgan Chase has officially opened its new global headquarters at 270 Park Avenue in Manhattan, a 60-story skyscraper powered by renewable energy, which will accommodate 10,000 employees by the end of the year. J.P. Morgan Asset Management released its 2026 Long-Term Capital Market Assumptions, projecting a 6.4% annual return for traditional 60/40 stock-bond portfolios over the next 10-15 years. Meanwhile, CEO Jamie Dimon indicated that JPMorgan is considering bank acquisitions in Europe and Latin America. In analyst updates, Morgan Stanley has raised its price target for JPMorgan Chase to $338 while maintaining an Equalweight rating, expecting annual EPS growth of 8-11% over the next three years.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.