JPMorgan Chase (JPM) stock has risen 34.5% over the past year, adding 6.8% in the last month but slipping 2.5% over the past week. Wall Street’s analysts are moderately bullish, with a 12‑month consensus price target of about $335.87, pointing to further upside from the last closing price of $305.93.
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One of the latest voices backing the bank is analyst Glenn Thum of Phillip Securities Research in Singapore, who upgraded JPM to Buy on April 17, 2026, with a target price of $335. This implies meaningful upside and reflects confidence that the strong first‑quarter performance marks the start of a durable recovery in fee income.
Thum highlights that first‑quarter 2026 profit after tax and minority interests rose 13% year over year to $16.5 billion, beating his estimates. The beat was driven by record markets revenue and strong investment banking fees, even as net interest margin slipped slightly and full‑year net interest income guidance was trimmed.
Non‑interest income was a standout, rising 11% year over year and now making up about half of total net revenue. Record markets revenue, higher advisory and equity underwriting fees as M&A and IPO pipelines reopen, and robust asset management fees all underpin the bullish view on JPM.
According to TipRanks data, Glenn Thum is a highly ranked analyst, sitting at #881 out of 12,161, with an impressive success rate of about 82.1% and an average return of 16.9% per rating. Never miss a stock rating. Find all the latest ratings on TipRanks’ Top Wall Street Analysts page.