Reviewed listing: NYSE:JPM · Analysis dated Oct 27, 2026
It has not been confirmed whether the basis of this analysis still holds today. Read it as a dated earlier assessment; it does not establish a current buying opportunity.
How does the company make money?
JPMorgan accepts deposits, makes loans, and earns revenue from payments, securities trading, and managing client assets. The bank serves consumers, businesses, and public institutions.
What supports the business?
In the third quarter of 2026, reported net income rose 6 percent year over year to 15.3 billion USD. This was achieved despite a reported securities loss of 658 million USD.
What could improve?
Assets under management grew 13 percent year over year to 5.2 trillion USD. If client assets and fee revenue remain strong, this business can support earnings.
How is the stock price assessed?
This assessment refers to the analysis and its quoted price shown here. It is not a live quote or a personal recommendation to buy.
At the given reference price of 335.79 USD, the stock appears expensive. A cautious model calculation yields a price ceiling of around 262.80 USD, provided the bank generates solid earnings on a sustained basis.
What is the main risk?
Costs rose by 12 percent in the quarter, faster than net revenue at 8 percent. Weaker markets or higher credit losses could put further pressure on earnings.
What is the overall assessment?
JPMorgan remains a broadly diversified, highly profitable bank; third-quarter net income rose 6 percent year over year. However, faster cost growth and the reference price above the conservative model ceiling mean the overall relationship is not compelling at present.
Continue exploring this stock in your account
A free Marqora account gives you the detailed analysis with further evidence and lets you compare and save stocks. Your selected stock is kept when you sign in or register.
Open the full analysis in a free account →
Already have an account? Sign in