JPMorgan stock eyes longest weekly win streak since early 2024

1 min read | Published on 15 Jul 2026, 08:31 PM |Updated on 23 Jul 2026, 12:06 AM

Reviewed by

Radhika SScanX News Team

Key Highlights

JPMorgan Chase & Co. posted better-than-expected Q2 earnings, with adjusted EPS of $6.14 beating estimates and revenue reaching $58 billion. The bank raised its 2026 net interest income outlook and lowered its card services net charge-off rate. Analysts from Keefe, Bruyette & Woods, Barclays, Wells Fargo, Truist Securities, and Baird raised their price targets.

*this image is generated using AI for illustrative purposes only.

JPMorgan Chase & Co. is on pace for its eighth straight weekly advance, marking the longest unbroken run since early 2024, as the stock sits about 22% above its 52-week low. The rally accelerated after second-quarter results on July 14, where adjusted earnings of $6.14 per share beat estimates near $5.85, and revenue of $58 billion marked one of the bank’s largest beats in years. Following the announcement, JPMorgan shares rose 0.5% to trade at $344.59 on Wednesday.

The bank raised its 2026 net interest income outlook to about $105.5 billion from $103 billion previously, or about $96.5 billion excluding Markets, up from its prior forecast of $95 billion. Additionally, JPMorgan lowered its projected 2026 card services net charge-off rate to about 3.2% from 3.4%. Trading revenue jumped 35%, and investment banking fees hit their highest since 2021.

Chief Executive Jamie Dimon still urged caution regarding the performance. "It's getting close to as good as it gets," he said.

Analyst Reactions

Keefe, Bruyette & Woods analyst David Konrad maintained JPMorgan with an Outperform rating and raised the price target from $370 to $384. Barclays analyst Jason Goldberg maintained the stock with an Overweight rating and raised the price target from $391 to $420.

Wells Fargo analyst Mike Mayo maintained JPMorgan with an Overweight rating and boosted the price target from $360 to $375. Truist Securities analyst John McDonald maintained the stock with a Hold and raised the price target from $344 to $352. Baird analyst David George maintained JPMorgan Chase with a Neutral rating and raised the price target from $295 to $305.

Firm	Analyst	Rating	Previous Price Target	New Price Target
Wells Fargo	Mike Mayo	Overweight	$360	$375
Truist Securities	John McDonald	Hold	$344	$352
Keefe, Bruyette & Woods	David Konrad	Outperform	$370	$384
Barclays	Jason Goldberg	Overweight	$391	$420
Baird	David George	Neutral	$295	$305

How will JPMorgan's raised net interest income outlook influence the Federal Reserve's upcoming interest rate decisions?

What risks could potentially derail JPMorgan's current rally, given Jamie Dimon's cautious remarks?

How might JPMorgan's strong performance impact the competitive landscape for other major banks?

Analysts raise JPMorgan Chase targets to $420, $368, $360

0 min read | Published on 17 Jul 2026, 12:50 AM |Updated on 21 Jul 2026, 01:14 AM

Reviewed by

Radhika SScanX News Team

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Key Highlights

B of A Securities, Evercore ISI Group, and Citigroup have revised their price targets for JPMorgan Chase. B of A Securities increased its target to $420 with a Buy rating, while Evercore ISI raised its target to $368 with an Outperform rating. Citigroup maintained a Neutral rating but lifted its price target to $360.

*this image is generated using AI for illustrative purposes only.

B of A Securities, Evercore ISI Group, and Citigroup have adjusted their price targets for JPMorgan Chase, reflecting varied perspectives on the financial giant's stock performance. B of A Securities analyst Ebrahim Poonawala maintained a Buy rating and increased the target to $420 from $408. Separately, Evercore ISI Group analyst Glenn Schorr maintained an Outperform rating and raised the target to $368 from $360. Additionally, Citigroup analyst Keith Horowitz maintained a Neutral rating and raised the price target from $325 to $360.

Rating and Price Target Details

The research notes highlight the firms' assessments of JPMorgan Chase's market position and valuation. The new price targets represent adjustments from the prior estimates set by the analysts.