Jefferies Lowers JPMorgan Chase Target Amid Strong Earnings

Jefferies has lowered its target price for JPMorgan Chase (ISIN US46625H1005) from USD 370.00 to USD 365.00, while maintaining a Hold rating. The adjustment, reported by MarketBeat on September 24, 2026, shifts focus to the bank's valuation and its upcoming third-quarter earnings report.

The target cut comes despite JPMorgan Chase's strong second-quarter 2026 performance. The bank reported earnings per share of USD 6.14, surpassing the consensus estimate of USD 5.59 by USD 0.55. Revenue for the quarter reached USD 58.02 billion, exceeding expectations of USD 50.72 billion and marking a 27.70% year-over-year increase. Additionally, the bank's return on equity stood at 18.23% and net margin at 21.86%.

JPMorgan Chase is scheduled to release its third-quarter 2026 results on October 13, 2026, at 7:00 a.m. ET, followed by a conference call at 8:30 a.m. ET. Analysts at Zacks expect earnings per share of USD 5.88 for the quarter, making the upcoming report a critical test of the bank's ability to sustain its earnings momentum.

On the capital-return front, JPMorgan Chase raised its quarterly dividend from USD 1.50 to USD 1.65 per share on September 15, 2026. The increased dividend, payable on October 31, 2026, to shareholders of record on October 6, 2026, reflects a 10.00% increase. As of October 5, 2026, the stock was trading at EUR 296.78 on Lang & Schwarz, up 0.47% from the prior close. The NYSE primary quote was last at USD 332.38 on October 2, 2026, with a 52-week range of USD 279.10 to USD 366.50 and a market capitalization of USD 890.6 billion.