--- title: "Weekly Recap | JPMorgan Chase -3.11%, consensus target above spot" type: "News" locale: "en" url: "https://longbridge.com/en/news/300849264.md" description: "JPMorgan Chase (JPM) closed the week at $332.38, down 3.11%, while the S&P 500 fell 0.27%, leaving the stock about 2.84 percentage points behind the benchmark. The week opened at $341.83 on Monday and drifted lower through Wednesday’s close of $330.83. Thursday touched an intraday low of $325.87 before a modest bounce, and Friday opened near $334.000 and settled at $332.38. Only Thursday ended in the green. Weekly amplitude was 4.72%, and average daily volume ran about 25." datetime: "2026-10-03T07:07:46.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/300849264.md) - [en](https://longbridge.com/en/news/300849264.md) - [zh-HK](https://longbridge.com/zh-HK/news/300849264.md) generator: "portal-rs" --- # Weekly Recap | JPMorgan Chase -3.11%, consensus target above spot ## The Week JPMorgan Chase (JPM) closed the week at $332.38, down 3.11%, while the S&P 500 fell 0.27%, leaving the stock about 2.84 percentage points behind the benchmark. The week opened at $341.83 on Monday and drifted lower through Wednesday’s close of $330.83. Thursday touched an intraday low of $325.87 before a modest bounce, and Friday opened near $334.000 and settled at $332.38. Only Thursday ended in the green. Weekly amplitude was 4.72%, and average daily volume ran about 25.7% above the recent median. The 20-day moving average sits at $345.32, and the 60-day at $350.65, so the shares remain below both. ## Key Events Company-specific news centred on payments, talent and sector commentary. J.P. Morgan said it is tapping Thunes to streamline global payments, a move highlighted in an NYSE content update. Internally, the bank appointed Mark O’Donovan as head of human resources, according to an internal memo. Regulatory filings showed JPMorgan Chase lifted its Sibanye Stillwater stake to 5.04% and raised its Hexagon Composites holding above the 5% threshold. On the macro side, the bank stayed bearish on US Treasury duration and pushed back on the idea of meaningful nationwide property stimulus in China before National Day. Its analysts separately argued that the ‘Magnificent Seven’ looks cheap, naming Amazon, Microsoft and Nvidia. Midweek, US Treasury yields hit multi-year highs and the Dow and S&P 500 slumped, adding pressure on financials. ## Analyst Ratings As of 2 October 2026, 25 analysts cover JPMorgan Chase: 9 rate it buy, 4 rate it overweight, 11 rate it hold and 1 has no opinion; there are no underweight or sell ratings. The consensus rating is buy, and the consensus target is $375.81, about 13.07% above the weekly close of $332.38. Targets range from $305.00 to $436.00, a spread of roughly $131 that points to meaningful disagreement on the upside. Within the diversified banks industry, the stock ranks No. 2 among 60 names, while the industry average coverage count is 8. ## The Week Ahead Early next week brings the final US S&P Global services PMI and the ISM non-manufacturing PMI; the ISM reading has a prior of 55.4 and a consensus estimate of 55. Trade data follows, with the international trade balance and advance goods trade balance posting priors of -88.6 and -132.6 respectively. Wednesday carries the EIA weekly crude oil and Cushing inventory reports. For JPM, the key date is 13 October, when the bank reports fiscal Q3 2026 results before the open, with consensus at $5.8831 EPS and $51 billion in revenue. ## In Short The pullback this week arrived against a backdrop of rising yields and a soft tape, without any company-specific operating setback. Payment expansion and the HR appointment read as neutral to mildly positive. Brokers still skew toward buy or overweight, and the consensus target holds more than 13% above spot, though the wide target range signals disagreement on valuation. On valuation, the shares trade around 13.88x earnings, 2.5x book and a 1.81% dividend yield, all within normal banking ranges. The next test is whether the 13 October earnings update can support that valuation, and whether rate expectations keep weighing on financial-sector risk appetite. *This article is generated by LongbridgeAI from market data, for information only and not investment advice.* ### Related Stocks - [JPM.US](https://longbridge.com/en/quote/JPM.US.md) - [JPMO.US](https://longbridge.com/en/quote/JPMO.US.md) ## Related News & Research - [JPMorgan Chase & Co. $JPM Stock Position Raised by Integrated Wealth Concepts LLC](https://longbridge.com/en/news/300849403.md) - [The Manufacturers Life Insurance Company Reduces Stake in JPMorgan Chase & Co. $JPM](https://longbridge.com/en/news/300850424.md) - [JPMorgan Chase cuts Adtran Networks voting rights to 2.93% from 6.90%](https://longbridge.com/en/news/300874555.md) - [SVB Wealth LLC Cuts Position in JPMorgan Chase & Co. $JPM](https://longbridge.com/en/news/300850426.md) - [REG - Spire Healthcare Grp JPMorgan Chase & Co - Holding(s) in Company](https://longbridge.com/en/news/300690899.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**