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News  ›  Benzinga

Analyst Says JPMorgan Trading At A Discount Despite Tech Leadership, Jamie Dimon's Success

Benzinga Logo Benzinga By Lekha Gupta
Analyst Says JPMorgan Trading At A Discount Despite Tech Leadership, Jamie Dimon's Success

BofA Securities analyst Ebrahim Poonawala raised JPMorgan Chase's price target to $362 from $350 with a Buy rating, arguing the stock is undervalued despite strong tech leadership, ~20% ROTCE profitability, and ample capital. The analyst forecasts $95 billion in core net interest income and 6% total revenue growth for 2026, with revised FY26 EPS of $21.60. JPMorgan also launched JPM Coin on the Canton Network, its second permissionless blockchain deployment.

Insights
BACpB   neutral

Berkshire reduced its position by 6%, indicating a modest portfolio adjustment without strong negative or positive signals


AMJB   positive

Analyst raised price target and maintained Buy rating, citing undervaluation relative to strong tech leadership, high profitability (20% ROTCE), ample capital, and improved competitive position under Jamie Dimon's leadership. Positive 2026 guidance with 6% revenue growth and strong trading performance expected.