DBS and Morgan Stanley Maintain Hold Ratings on JPM, Evercore ISI Maintains Buy Rating

Summary

Following JPMorgan Chase’s Q4 2025 earnings report , analyst ratings are divided. DBS and Morgan Stanley maintained their ‘Hold’ ratings, with DBS setting a $310 price target Tip Ranks. In contrast, Evercore ISI reiterated its ‘Buy’ rating on the same day Tip Ranks, a view shared by CFRA a day prior fidelity. This highlights a split between seeing the stock as fairly valued versus having further upside.

Impact Analysis

So the street is split right down the middle on JPM post-earnings. The ‘Hold’ ratings from DBS and Morgan Stanley are basically saying ‘great company, but it’s fairly priced’ Tip Ranks. This isn’t a negative call; it’s a valuation call. They likely see the strong Q4 results as already baked into the stock price and are questioning what the next major catalyst for upside is.

On the other side, Evercore ISI sticking with a ‘Buy’ Tip Ranks suggests they see more legs to the story, probably betting on a stronger-than-expected capital markets recovery in 2026, which CFRA also noted fidelity. The consensus is ‘Hold’ for a reason, though Market Beat. This tells me the easy money has been made. The stock is no longer a simple long. The real play here might be to look for relative value in other large-cap banks that haven’t run as hard but share the same tailwinds.