The stock of JPMorgan Chase (JPM), the world’s largest commercial bank, is at an all-time high as the rally in financial institutions gathers momentum.
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JPM stock hit an all-time intraday high of $296.46 on July 23, pushing its market capitalization to $823 billion. JPMorgan’s share price has now risen 40% in the last 12 months, including a 26% gain so far in 2025 as investors pile into financial securities.
Bank stocks are also getting a lift from expectations that U.S. President Donald Trump will lower regulations and restrictions around America’s largest lenders. Many investors also like that banks are pushing into digital assets such as cryptocurrencies. JPMorgan Chase CEO Jamie Dimon recently said that the bank is looking into stablecoins.
Strong Earnings
JPM stock has been marching higher since the bank issued strong second-quarter financial results on July 15. For the April through June period, the New York-based lender announced earnings per share (EPS) of $5.24, which topped the $4.48 consensus expectation of analysts. Revenue in the period totaled $45.68 billion, which was ahead of the $44.06 billion that was expected on Wall Street.
Management said JPMorgan Chase benefited from robust trading revenue in the quarter due to the market volatility caused by U.S. President Donald Trump’s trade policies and tariffs. At the same time, JPMorgan and other banks have benefitted from a rebound in investment banking, with a growing number of companies holding initial public offerings (IPOs) this year.
Is JPM Stock a Buy?
The stock of JPMorgan Chase has a consensus Moderate Buy rating among 18 Wall Street analysts. That rating is based on 11 Buy, five Hold, and two Sell recommendations issued in the last three months. The average JPM price target of $304.27 implies 4.46% upside from current levels.
