Morgan Stanley raises JPMorgan target to $362
Morgan Stanley analyst Betsy Graseck maintained JPMorgan Chase with an Equal-Weight rating and raised the price target to $362 from $336, following the bank's new $50 billion buyback program and dividend increase.

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JPMorgan Chase & Co shares reached a new all-time high, driven by a dividend increase and a significant share repurchase authorization. The bank's board approved a new $50 billion buyback program effective July 1 and raised the quarterly common dividend to $1.65 per share in the third quarter from $1.50. CEO Jamie Dimon stated the moves are enabled by excess capital and liquidity, positioning the bank as a "pillar of strength" while returning cash to shareholders.
The capital allocation decisions come as the firm navigates operational and regulatory challenges elsewhere, including restricting Hong Kong staff access to certain Anthropic AI models due to export controls. Despite these friction points, investor sentiment focused on the balance-sheet strength signaled by the dividend hike and buyback.
Recent Analyst Ratings
Morgan Stanley analyst Betsy Graseck maintained JPMorgan Chase with an Equal-Weight rating and raised the price target to $362 from $336. This adjustment follows recent ratings from other firms.
| Firm | Rating | Price Target | Date |
|---|---|---|---|
| Evercore ISI Group | Outperform | $340.00 | April 17 |
| Jefferies | Hold | $320.00 | April 15 |
| Morgan Stanley | Equal-Weight | $362.00 | April 15 |
| Truist Securities | Hold | $344.00 | April 15 |
Technical Indicators and Analyst Expectations
JPMorgan stock is trading 6.4% above its 20-day simple moving average (SMA) of $316.41 and 9.4% above its 200-day SMA of $307.82, maintaining a longer-term uptrend. The Relative Strength Index (RSI) stands at 70.32, indicating the stock is overbought and potentially prone to near-term consolidation. Key support is identified at $293.50, above the 52-week low of $279.10.
Analysts anticipate earnings per share (EPS) of $5.42 for the report confirmed for July 14, 2026, up from $4.96 year-over-year. Revenue is estimated at $48.61 billion, compared to $45.68 billion in the prior year. The stock carries a Buy rating with an average price target of $343.88.
Business Overview and Valuation
JPMorgan operates as a global financial services firm with a $4.9 trillion balance sheet and $2.68 trillion in deposits as of March 2026. The bank generates revenue across consumer and community banking, commercial and investment banking, and asset and wealth management. The stock currently trades at a price-to-earnings (P/E) ratio of 16.0x, suggesting fair valuation relative to peers.
Benzinga Edge Rankings
JPMorgan's Benzinga Edge scorecard highlights a growth-leaning profile with moderate momentum but a weak quality score. The Momentum score is 55.18 (Neutral), Quality is 21.3 (Weak), and Growth is 75.75 (Strong). This suggests the setup screens as growth-tilted, which can support premium pricing when the market is risk-on, though the weak quality score may matter if the market rotates toward defensiveness.
How will JPMorgan's $50 billion buyback program impact its capital ratios amid potential regulatory changes?
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