Analyst Keith Horowitz of Citi maintained a Hold rating on JPMorgan Chase, retaining the price target of $275.00.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Keith Horowitz has given his Hold rating due to a combination of factors including JPMorgan Chase’s recent performance and market valuation. The bank’s second-quarter results showed strong performance, particularly in net interest income (NII), which exceeded expectations and contributed to a slight increase in the 2025 earnings per share (EPS) estimate. Despite this positive performance, the market’s reaction was relatively muted, suggesting that the stock’s current valuation might be on the higher side.
Horowitz also notes the bank’s continued growth in loans and deposits, along with improved deposit repricing trends, which are expected to support a robust NII outlook. However, with JPMorgan Chase trading at approximately three times its tangible book value and an implied cost of equity at 9%, the valuation appears rich. Therefore, while the bank’s fundamentals remain strong, the current stock price may not offer significant upside potential, justifying the Hold rating.
Horowitz covers the Financial sector, focusing on stocks such as American Express, Wells Fargo, and Ally Financial. According to TipRanks, Horowitz has an average return of 14.1% and a 75.64% success rate on recommended stocks.
In another report released on July 9, Truist Financial also maintained a Hold rating on the stock with a $290.00 price target.