Morgan Stanley Maintains An Equal Weight Rating On JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. (NYSE:JPM) is among the 12 Best Performing Dow Stocks in 2025

Morgan Stanley Maintains An Equal Weight Rating On JPMorgan Chase & Co. (JPM)

According to The Fly on December 10, 2025, Morgan Stanley reduced JPMorgan Chase & Co. price objective from $338 to $331. The firm kept an Equal Weight rating on JPMorgan Chase & Co.. The firm revised its EPS expectations for 2026 and 2027 to $21.61 and $23.66, respectively, down 3% and 2%, noting higher expenses balanced by stronger Markets revenues.

On December 9, 2025, Reuters reported that JPMorgan Chase & Co. expects expenses in 2026 to go up to roughly $105 billion, primarily due to costs associated with expansion and volume. Marianne Lake, Chief of Consumer and Community Banking of JPMorgan Chase & Co., identified strategic initiatives as the second-most significant driver of expense growth, with a substantial share coming from the consumer and community banking division. According to LSEG statistics, analysts’ consensus estimate of total expenses was $100.84 billion, Reuters reported.

Furthermore, Lake pointed out that market revenue is anticipated to expand by low-teen percentages in the fourth quarter of the year, and investment banking revenue is projected to surge by low-single-digit percentages. The market for bank mergers and acquisitions is more favorable than it was in the past, she continued. JPMorgan Chase & Co.’s stock plummeted 4.3% after these revelations, the biggest one-day drop since April 4, 2025.

JPMorgan Chase & Co. is one of the largest and most intricate financial institutions in the United States, with over $4 trillion in assets.

READ NEXT: 15 Best Stocks to Buy for the Long Term and 11 Worst Performing Dividend Stocks Year-to-Date.