1. JPMorgan Chase & Co. (NYSE:JPM)
Number of Hedge Fund Holders: 120
Forward PE: 13.93x
ROE: 16.06%
On February 5, 2026, HSBC upgraded JPMorgan Chase & Co. (NYSE:JPM) to Hold from Reduce and set a new $319 price target, following suit on other analyst rating upgrades after the stock’s recent weak performance.
A few days earlier, on February 3, 2026, Baird analyst David George upgraded JPMorgan Chase & Co. (NYSE:JPM) to Neutral from Underperform while keeping an unchanged $280 price target. Baird said recent underperformance has made the stock’s risk-reward profile “more reasonable,” even if it does not yet see a compelling case for fresh capital. Importantly, the firm said it now finds it difficult to maintain a short thesis on what it described as a best-in-class franchise. Baird added that JPMorgan remains well-positioned to gain market share across its businesses while continuing to expand margins and returns over time.
On January 29, 2026, Bloomberg reported that Jersey Mike’s Subs had tapped JPMorgan Chase & Co. and Morgan Stanley to work on a potential public listing. The Blackstone-backed sandwich chain is targeting an initial public offering as soon as the third quarter of 2026, which, if completed, would add to JPMorgan’s investment banking pipeline and support fee generation tied to equity underwriting and related capital markets activity.
On January 13, 2026, JPMorgan Chase & Co. reported fourth-quarter revenue of $45.8 billion, with managed revenue totaling $46.8 billion, modestly above the $46.25 billion consensus estimate. Alongside the results, the bank outlined key items for fiscal 2026, including net interest income excluding markets of about $95 billion, subject to market conditions. JPMorgan also guided to adjusted expenses of roughly $105 billion, excluding firmwide legal costs, and expects a card services NCO rate of around 3.4% for the year.
JPMorgan Chase & Co. (NYSE:JPM) operates as a financial services company worldwide. It operates through three segments: Consumer & Community Banking, Commercial & Investment Banking, and Asset & Wealth Management.
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