JPMorgan Chase (JPM – Research Report), the Financial sector company, was revisited by a Wall Street analyst today. Analyst Keith Horowitz from Citi maintained a Hold rating on the stock and has a $275.00 price target.
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Keith Horowitz has given his Hold rating due to a combination of factors that reflect a balanced view of JPMorgan Chase’s financial outlook. The bank’s current trading multiples, such as 2.8 times tangible book value and 15 times the estimated earnings per share for 2026, suggest that the market has already priced in a significant portion of its potential growth. This is further supported by the assumption of a 19% normalized return on tangible common equity, which implies a cost of equity of 9%, leaving limited room for additional upside.
Horowitz also notes that while there is alignment with consensus on expenses and revenues through 2025, his estimates are slightly more conservative regarding credit conditions, anticipating higher net charge-offs and larger reserve builds. However, he sees potential for net interest income growth into 2026, driven by improved net interest margins from stronger loan yields and favorable deposit repricing. These factors collectively contribute to the Hold rating, as the expected share price return is modest at -2.2%.
In another report released on June 23, Morgan Stanley also maintained a Hold rating on the stock with a $240.00 price target.
Based on the recent corporate insider activity of 94 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of JPM in relation to earlier this year.