JPMorgan Chase Stock Near Highs on Strong Earnings and Robust Valuation
JPMorgan Chase stock has been trading near its recent highs on the New York Stock Exchange. As of September 12, 2026, the shares closed at around $353.56, keeping the bank near the upper end of its 52-week range.
The strong second-quarter earnings posted by JPMorgan are underpinning the valuation of the stock. The bank reported net income of $21.2 billion in Q2 2026, which included a gain related to Visa and equity gains. After excluding these items, adjusted net income came in at approximately $16.9 billion, or $6.14 per share.
JPMorgan revised its full-year 2026 outlook upward after the second quarter, now expecting net interest income excluding markets of $96.5 billion and total net interest income of $105.5 billion for the year. This reflects management confidence in the bank's earnings power.