Update shared on25 Sep 2025
Fair value Increased 1.41%JPMorgan Chase’s consensus analyst price target has been revised upward as strong quarterly results, improved profitability outlook, and increased capital return flexibility outweigh near-term valuation concerns, lifting the fair value from $306.17 to $310.48.
Analyst Commentary
- Bullish analysts highlight strong quarterly results, with EPS beats and upward revisions to net interest income guidance driven by loan growth, favorable yield curve, and robust deposit flows.
- Several analysts are raising price targets based on assessments of JPMorgan's superior business model, scale advantages, and its ability to consistently deliver leading, predictable returns versus peers.
- Lower capital requirements following regulatory stress tests have increased expectations for expanded share buybacks and more capital return flexibility by management.
- Improved profitability outlook and risk assessments relative to the peer group, along with lower cost of equity assumptions, are supporting higher price targets.
- Bearish analysts note that after the recent rally, JPMorgan's valuation has become stretched, and despite healthy fundamentals, the current risk-to-reward profile is less attractive, leading to downgrades and more cautious recommendations.
What's in the News
- JPMorgan is in advanced negotiations to take over Apple's credit card program from Goldman Sachs, and is also in talks to take over as card issuer if the existing partnership ends (WSJ, 2025-07-29; WSJ, 2025-08-03).
- The bank faces significant scrutiny and potential congressional hearings over its long-standing client relationship with Jeffrey Epstein, with documentation showing senior management overrode concerns about his activities (WSJ, 2025-09-11; NYT, 2025-09-08).
- JPMorgan is accelerating expansion efforts, including a 20% headcount growth target for Asia Pacific operations and plans to launch its digital retail bank, Chase, in Germany next year (Reuters, 2025-09-11; Bloomberg, 2025-09-04).
- The firm is actively involved as a lead underwriter on several major IPOs and financing deals, such as SoftBank’s PayPay, Klook, EQT’s Reworld, and a $38B debt package for Oracle-linked data centers (Bloomberg, 2025-09-17; Reuters, 2025-08-10; Reuters, 2025-08-17; Bloomberg, 2025-09-04).
- JPMorgan continues to invest in technology and new business lines, including forming a unit for bespoke financing, pursuing stablecoin and crypto-lending initiatives, and overhauling its quantum computing research leadership (Bloomberg, 2025-07-15; FT, 2025-07-22; CNBC, 2025-07-21; CNBC, 2025-07-16).
Valuation Changes
Summary of Valuation Changes for JPMorgan Chase
- The Consensus Analyst Price Target remained effectively unchanged, moving only marginally from $306.17 to $310.48.
- The Net Profit Margin for JPMorgan Chase remained effectively unchanged, moving only marginally from 29.74% to 30.01%.
- The Future P/E for JPMorgan Chase remained effectively unchanged, moving only marginally from 17.93x to 18.02x.
Disclaimer
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