Analysts Lift JPMorgan Targets After Mixed Quarter and Post-Earnings Pullback

Overview

• Baird raised its price target to $280 with an Underperform rating, while Truist moved to $334 with a Hold rating and increased its 2026 EPS forecast to $21.25.
• JPMorgan reported Q4 revenue of $46.8 billion, net income of $13 billion, and EPS of $4.63, with full-year revenue of $185 billion and net income of $57.5 billion.
• Results included a $2.2 billion reserve tied to the Apple Card portfolio acquired from Goldman Sachs, which temporarily added $23 billion to risk-weighted assets.
• Performance was uneven as net interest income rose 7% and the Markets business grew about 70%, while investment banking fell 5% year over year and 11% sequentially on weak underwriting.
• Shares dropped more than 4% after the report and slipped another 1% the following day, which Jim Cramer characterized as a routine breather after a roughly 35% 12-month rally.