JPMorgan Lowers Customers Bancorp Price Target to USD 92.00
JPMorgan Chase lowered its price target for Customers Bancorp (ISIN US23204G1004) from USD 96.00 to USD 92.00 on October 1, 2026, while maintaining an Overweight rating. This adjustment comes amid a valuation debate driven by the bank's strong earnings and varying analyst opinions.
Customers Bancorp reported a net income of USD 71.6 million, or USD 2.05 in diluted earnings per share, for the second quarter of 2026. This surpassed the consensus estimate of USD 2.00 by USD 0.05, according to Business Wire. The bank's net profit margin remained steady at 31.00 percent for both the first and second quarters of 2026.
As of June 30, 2026, Customers Bank, the operating subsidiary, reported total assets of USD 26.9 billion, USD 18.0 billion in loans and leases, and USD 11.1 billion in immediately available liquidity. These figures provide context for JPMorgan's revised target, which remains constructive despite the reduction. Morgan Stanley, however, maintained a Sell rating with a USD 89.00 target in a September 2026 research update.
On October 5, 2026, Customers Bancorp's stock was trading at EUR 67.00 on Lang and Schwarz, down 0.37 percent from the prior close. The stock's NYSE reference data showed a market capitalization of USD 2.6 billion and a 52-week range of USD 59.34 to USD 84.38.