JPMorgan Chase & Co. (NYSE:JPM) ranks among the most active blue chip stocks to buy now. In response to JPMorgan Chase & Co. (NYSE:JPM)’s fourth-quarter earnings, TD Cowen reaffirmed its Buy rating and $400 price target for the bank on January 14. Following the fourth-quarter earnings announcement from JPMorgan Chase & Co. (NYSE:JPM), TD Cowen reiterated its Buy rating and $400 price target for the bank. JPMorgan Chase & Co. (NYSE:JPM) reported earnings per share of $5.23, compared to the expected $4.86. The company’s revenue also topped expectations, reaching $46.77 billion versus $46.25 billion. The earnings beat was mostly attributed to reduced costs and lower core provision expenses.
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Despite the solid earnings figures, JPMorgan Chase & Co. (NYSE:JPM) shares plummeted 4% following the release, owed in part to investment banking fees falling short of estimates for the quarter. Analyst Steven Alexopoulos described the downturn as “unwarranted,” pointing to a “very constructive backdrop” for investment banking activity and loan rise in 2026.
Meanwhile, RBC Capital analyst Gerard Cassidy stated that JPMorgan’s diverse business strategy and important investments over the last decade had resulted in both a “fortress balance sheet” and a “highly profitable diversified banking model.” Under CEO Jamie Dimon’s direction, RBC anticipates that JPMorgan Chase & Co. (NYSE:JPM) should “continue to reward long-term shareholders with above-average profitability and returns in the future.”
JPMorgan Chase & Co. (NYSE:JPM) is a multinational financial services company that offers investment banking in addition to consumer and small business financial services.
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Disclosure: None. This article is originally published at Insider Monkey.
