JP MORGAN CHASE(US:JPM) Benzinga·2026-01-13 09:05Core Viewpoint - JPMorgan Chase & Co. is expected to set the tone for the banking industry in 2026 as it prepares to report its fourth-quarter results, with a focus on deal-making and investment banking revenue as key highlights [1][2]. Group 1: Earnings and Market Position - Analysts anticipate that deal-making will replace rate-driven profits in 2026, with a significant emphasis on investment banking and trading revenue [2]. - JPMorgan is expected to benefit from major IPOs, including SpaceX's rumored $1.5 trillion offering, which could provide insights into the bank's positioning for large-scale offerings [3]. - The bank's earnings growth is projected to slow down in 2026 due to interest rate cuts, shifting the focus to deal flow and equity underwriting as potential growth drivers [4]. Group 2: Analyst Ratings and Valuation - BofA Securities analyst Ebrahim H. Poonawala raised JPMorgan's price target to $362 per share from $350, indicating an 11% upside from current levels and maintaining a "Buy" rating [5]. - The stock is considered undervalued relative to its market and technology leadership, strong profitability, and ample capital, with forecasts of $95 billion in core net interest income and 6% year-over-year revenue growth for 2026 [6]. - JPMorgan's current valuation stands at 15.46 times forward earnings and 5.09 times sales, significantly lower than the S&P 500's price-to-earnings ratio of 28.15 [7]. Group 3: Stock Performance - Shares of JPMorgan Chase closed at $324.49, down 1.43% on Monday, but showed a slight increase of 0.07% overnight [8]. - The stock has a poor score on Momentum and Growth in Benzinga's Edge Stock Rankings, yet it maintains a favorable price trend in both short and long terms [8].