TSX runs higher on rate cut expectations
JPMorgan Chase and Co stock has reached an all-time high, hitting 301.55 USD, with a substantial market capitalization of $827.54 billion. This milestone comes amid a robust performance over the past year, with the stock delivering an impressive 38.53% total return. According to InvestingPro, the banking giant has maintained dividend payments for 55 consecutive years, showcasing its financial stability. The financial giant’s stock has been on an upward trajectory, reflecting investor confidence and strong market conditions. Trading at a P/E ratio of 15.41, with analyst targets ranging from $235 to $350, this achievement underscores JPMorgan’s position as a leading player in the banking sector. The company maintains a "GOOD" overall financial health score as it continues to navigate the economic landscape with resilience and strategic growth initiatives. For comprehensive analysis and additional insights, access JPMorgan’s detailed Pro Research Report, available exclusively on InvestingPro.
In other recent news, JPMorgan Chase has agreed to pay the Malaysian government $330 million to settle issues related to its involvement in the 1Malaysia Development Berhad (1MDB) scandal. This settlement resolves all matters connected to the multi-billion dollar scandal at the Malaysian state fund. In addition, Freedom Broker has raised its price target for JPMorgan Chase to $295 from $240, maintaining a Hold rating on the stock. This adjustment comes after JPMorgan’s strong second-quarter 2025 results, where earnings per share surpassed expectations, even though net revenue fell 11% year-over-year.
Furthermore, the New York Attorney General has filed a lawsuit against Early Warning Services, LLC, the operator of Zelle, for allegedly failing to protect users from fraud amounting to over $1 billion. JPMorgan Chase is among the major U.S. banks that own EWS. In political developments, the White House is preparing an executive order targeting banks for alleged political discrimination, with President Donald Trump claiming that major financial institutions, including JPMorgan Chase, have discriminated against him and his supporters. President Trump specifically mentioned that JPMorgan Chase and Bank of America had refused to accept his deposits, alleging discrimination against conservatives.
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