JP Morgan Chase & Co (JPM) Buy, Sell or Hold

JP Morgan Chase & Co (JPM)

335.26

+1.73 (0.52%)

as of Oct 20, 2026, 8:00:00 pm Market Open.

556 watching

DON'T BUY

They report Tuesday. They should give us great numbers, but will have to explain will trading and lending aren't as strong as they should be. Shares are too high now.

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK

(A Top Pick Oct 15/20, Up 46%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with JPM has triggered its stop at $148. To remain disciplined, we recommending covering the balance of the position. Combined with the previous recommendation to cover 50% of the holding, this will result in a net investment return over 30%.

PAST TOP PICK

(A Top Pick Jun 17/20, Up 61%) This upside can continue. It trades at 13x earnings, its historic average. This is the best bank in the world. If interest rates rise, they'll win on net interest spreads. If rates stay low, they make less on that income, but their capital markets and trading desk will carry them; in fact this has happened in the past year. Rates will rise inevitably.

PAST TOP PICK

(A Top Pick Jul 28/20, Up 74%) Arguably the best bank in the world with global reach. Hitting on all cylinders right now. Not terribly expensive.

PAST TOP PICK

(A Top Pick Jun 17/20, Up 71%) The granddaddy of money-center banks. It always trades at a premium, but is not expensively historically, at 12x earnings next year, lower than the group's 13x. Watch the release of credit reserves as we come out of the pandemic. JPM is in the low-$30 billion range, here. The bank is recapturing those reserves and so now is boosting earnings. JPM weathered Covid very well, and the future looks bright.

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Unlock this Panic-proof Portfolio opinion with Stockchase Premium

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK

(A Top Pick Oct 15/20, Up 58.8%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with JPM continues to do well. We are now recommending to trail up the stop (from $97) to $148. If triggered, this would all but guarantee an investment return of 30% when considering the recommendation to cover 50% previously.

BUY ON WEAKNESS

JPM vs. Wells Fargo Has owned this for years and is her preferred US bank. Wait for a dip to add shares. She owned Wells Fargo years ago until problems with their sales practices arose. That's now behind them, but WF lost momentum and they need to prove to investors that they can gain market share.

BUY

It's a safe, solid choice, likely the best-run bank in the world under a superb CEO. There's still money to be made in the banks. JPM reports tomorrow. He wants to hear about their loan growth and net interest margins during this steeper yield curve. They've excelled in capital markets as SPACs continue to hum and he expects this to continue. They have many years of cost-cutting. BAC has slightly more upside, though.

BUY

Thinks of best business first, and then country second. His clients own National Bank, TD, RY, and JPM. Best banks with the best management teams. Jaime Dimon at JPM is the very best. In Canada, his favourite is always National, with smart acquisitions and growing in wealth management. All Canadian banks are under-levered. You have to be there.

TOP PICK

Grandaddy of money centre banks. Arguably the best run bank in the world. Trading and investment banking did extremely well. These will do less well in 2021, but steepening yield curve will make up for it. Yield is 2.48%. (Analysts’ price target is $146.96)

BUY

JPM came through the pandemic fairly well; they set up reserves for bad loans and were cautious. Still are. They recaptured many billions of dollars of those reserves, based on their report last week. Their capital markets business is doing very well. They will gradually capitalize on the steepening yield curve. The US banks, especially JPM, are in a fine position.

DON'T BUY

The performance results and the underlying disconnect between Main Street and Wall Street is not showing up yet. The provisions have been raised. Usually in recessions, we see a US bank implode. This has not yet happened this time around. Has concerns over the profitability and the underlying weak fundamentals. It is being supported with substantial stimulus. It is difficult to assess risk on US banks and so would stay away.

BUY ON WEAKNESS

Best of breed. Reported good numbers, but the stock still sold down. JPM made a ton of money in the last quarter. If this hadn't run up to today's earnings, this would have rallied. Instead, it didn't blow away expectations. Wait three days for the price to drop further, then buy in.

BUY ON WEAKNESS

Look for good news on down days like today. US banks can now buyback shares. That's why JPM bounced today. Also, the Fed proclaimed that banks like this are strong enough to withstand the winter pandemic. Lesson: look for good news on bad days.

PAST TOP PICK

(A Top Pick Nov 20/19, Down 4%) Highest quality US bank, and possibly in the world. Sophisticated technology. Well managed. Set to benefit from a reflationary cycle. Strong capital markets business. Could buy here and hold for 10 hears. He'd buy again.

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JP Morgan Chase & Co (JPM)