FMP

FMP

JPMorgan Chase Coverage Initiated by CICC with "Outperform" Rating

On January 13, 2026, CICC initiated coverage on JPMorgan Chase (NYSE:JPM) with a bullish outlook, assigning it an "Outperform" grade. At the time, the stock price was $310.9. JPMorgan Chase is the largest bank in the United States, offering a wide range of financial services. It competes with other major banks like Bank of America and Citigroup.

Despite the positive outlook from CICC, JPMorgan's recent earnings report showed a 7% decline in profits compared to the previous year. This decline has contributed to a downturn in the stock price, which is currently at $310.90. The stock has decreased by approximately 4.19%, or $13.59, reflecting investor concerns over the bank's financial performance.

The stock has experienced fluctuations today, with a low of $310.60 and a high of $326.86. Over the past year, JPMorgan's stock has reached a high of $337.25 and a low of $202.16. This volatility indicates the market's reaction to the bank's earnings and other economic factors, as highlighted by Barron's.

JPMorgan has a substantial market capitalization of approximately $846.35 billion, making it a significant player in the financial sector. The trading volume for the day is 16,407,749 shares on the NYSE, showing active investor interest despite the recent decline in profits.