JPMorgan Chase & Co. (JPM) Upgraded to Strong Buy: Here's Why

Core Viewpoint - JPMorgan Chase & Co. has been upgraded to a Zacks Rank 1 (Strong Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based on changes in earnings estimates, which are strongly correlated with near-term stock price movements [4][6]. - Rising earnings estimates indicate an improvement in the company's underlying business, suggesting that investors may push the stock price higher [5][10]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7][9]. - Only the top 5% of Zacks-covered stocks receive a "Strong Buy" rating, indicating superior earnings estimate revisions [10]. Earnings Estimate Revisions for JPMorgan Chase & Co. - For the fiscal year ending December 2025, JPMorgan Chase & Co. is expected to earn $18.98 per share, with no year-over-year change [8]. - Over the past three months, the Zacks Consensus Estimate for the company has increased by 2.9% [8].