UBS Lowers JPMorgan Chase Target to USD 395 Amid Strong Q2 Results

JPMorgan Chase (ISIN US46625H1005) saw its stock trading at EUR 295.80 on Tradegate at 9:12 a.m. CEST on October 6, 2026. The latest adjustment came from UBS, which lowered its price target from USD 400.00 to USD 395.00 while maintaining a Buy rating. Despite the reduction, UBS remains constructive on the stock, viewing the Buy rating as more significant for the near-term earnings outlook.

Barclays took a more optimistic stance on the same day, keeping an Overweight rating and a USD 420.00 target. The firm also forecasted operating earnings per share of USD 6.02 for the third quarter, slightly above the consensus of USD 5.90. Barclays highlighted trading and investment banking revenue as critical factors for the upcoming earnings report.

JPMorgan Chase reported strong second-quarter 2026 results, with revenue of USD 82.46 billion and net profit of USD 21.16 billion, representing year-over-year increases of 17.96% and 41.13%, respectively. The bank's balance sheet remained robust, with USD 5.0 trillion in assets and USD 375.0 billion in stockholders' equity as of June 30, 2026.

The bank also announced a dividend increase, raising its quarterly payout to USD 1.65 per share from USD 1.50, payable on October 31, 2026. JPMorgan Chase is set to release its third-quarter 2026 results on October 13, 2026, providing a market test for Barclays' forecast and UBS' valuation.