JPMorgan Chase & Co. (NYSE:JPM) is set to report its fourth-quarter results before markets open on Tuesday, kickstarting the bank earnings season. Leading analysts expect the company to set the tone for the entire industry in 2026, with several key catalysts lining up. Dealmaking Set To Replace Rate-Driven Profits? “The story for 2026 is really going to be about deal-making,” said Alexis Garcia, Senior Editor at Investor’s Business Daily, noting that investment banking and trading revenue will be a key hi ...

Core 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].