News about JPMorgan Chase

JPMorgan Chase (JPM) traded at $335.53 on Oct. 15, 8% below its record close of $365.18 on Aug. 12, 2026. Third-quarter net revenue rose 8% to $50.2 billion and diluted EPS rose 10% to $5.57, but both missed analyst expectations, the first earnings miss since second-quarter 2022. Equities revenue surged 49%, average loans rose 10% and average deposits rose 8%, and management raised full-year net interest income guidance by $700 million to $97.2 billion. The stock trades at a price-to-book ratio of 2.5, a premium to Bank of America, Wells Fargo and Citigroup, but its 20% return on tangible common equity is significantly higher and it offers a dividend yield of nearly 2%. The author believes the valuation may be justified, though the stock is not a bargain.

JPMorgan Chase shares traded at $335.53 as of Oct. 15, 8% below their record close of $365.18 on Aug. 12, 2026. In the third quarter, net revenue rose 8% year over year to $50.2 billion and diluted EPS rose 10% to $5.57, but both fell short of Wall Street expectations, the first bottom-line miss since the second quarter of 2022. Equities markets revenue jumped 49%, average loans rose 10% and average deposits rose 8%, and management raised its full-year net interest margin guidance (excluding markets) by $700 million to $97.2 billion. The article notes a price-to-book ratio of 2.5, a premium to peers Bank of America, Wells Fargo and Citigroup, though the bank’s 20% return on tangible common equity is higher than theirs. It also cites a dividend yield of nearly 2%.