---
title: "Morgan Stanley: JP Morgan's earnings per share last quarter exceeded expectations, rating \"in line with the market\""
description: "Morgan Stanley released a report stating that JPMorgan Chase's earnings per share in the fourth quarter of last year were $4.63, exceeding expectations. Although the performance lagged behind the mark"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/272487212.md"
published_at: "2026-01-14T02:29:28.000Z"
---

# Morgan Stanley: JP Morgan's earnings per share last quarter exceeded expectations, rating "in line with the market"

> Morgan Stanley released a report stating that JPMorgan Chase's earnings per share in the fourth quarter of last year were $4.63, exceeding expectations. Although the performance lagged behind the market, it is expected that the compound annual growth rate of earnings per share will exceed 10% over the next two years. Morgan Stanley has lowered its earnings per share estimate for JPMorgan Chase this year by 0.5% to $21.51, maintaining a target price of $331 and a "market perform" rating

Morgan Stanley published a research report indicating that JPMorgan Chase (JPM.US) had earnings per share of $4.63 in the fourth quarter of last year, exceeding both the bank's and market forecasts. However, JPMorgan's post-earnings performance lagged behind the market, reflecting expectations that the company will face operational leverage contraction this year in order to invest for growth.

Morgan Stanley believes that JPMorgan's performance last quarter was solid, suggesting that the compound annual growth rate of earnings per share will exceed 10% over the next two years. Morgan Stanley lowered its earnings per share estimate for JPMorgan this year by 0.5% to $21.51, maintaining a target price of $331 and a "market perform" rating

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.