Citigroup cuts target for JPMorgan Chase stock from USD 360 to USD 350

Published on 10/20/2026 at 10:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

JPMorgan Chase stock costs EUR 298.23 on October 20, 2026, below its EUR 300.60 Xetra close. Third-quarter revenue rose 8 percent.

Analyst target and earnings

Citigroup cut its JPMorgan Chase target from USD 360 to USD 350 on October 15, 2026.
Third-quarter net income reached USD 15.3 billion, while return on tangible common equity was 20 percent.
JPMorgan Chase stock trades at EUR 298.23 at 10:35 a.m. CEST at Lang & Schwarz on October 20, 2026, 0.79 percent below the Xetra close of October 19, 2026.
JPMorgan Chase will present at a conference on November 5, 2026.

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JPMorgan Chase (ISIN US46625H1005) was trading at EUR 298.23 at Lang & Schwarz on October 20, 2026 at 10:35 a.m. CEST, 0.79 percent below the Xetra close of October 19, 2026 at EUR 300.60. MarketScreener reported that Citigroup cut its target for JPMorgan Chase from USD 360 to USD 350 on October 15, 2026.

Citigroup trims its target

The target reduction followed JPMorgan Chase's third-quarter results, which showed strong year-over-year growth but also a weaker trading mix. Citigroup's new USD 350 target remains above the October 19 NYSE close of USD 333.53, a separate home-market reference.

What do the earnings mean?

In its filing dated October 13, 2026, JPMorgan Chase reported third-quarter net income of USD 15.3 billion, up 6 percent from USD 14.4 billion a year earlier. Reported revenue was USD 50.2 billion, while managed revenue reached USD 50.9 billion, up 8 percent year over year. The same release showed return on tangible common equity of 20 percent and a USD 658 million net investment securities loss that reduced earnings per share by USD 0.18.

The earnings mix explains the cautious target move. Markets revenue rose 15 percent to USD 10.3 billion, but fixed-income markets revenue fell 4 percent to USD 5.4 billion. Equity markets revenue increased 49 percent to USD 5.0 billion, giving the quarter a strong headline but a less even trading profile.

Three dates shape the stock

On January 7, 2026, JPMorgan Chase identified Chase as the future issuer of Apple Card, with the portfolio transaction expected to close about 24 months after December 30, 2025. On October 13, 2026, the bank reported the USD 15.3 billion third-quarter net income.

On October 15, 2026, MarketScreener reported Citigroup's reduction from USD 360 to USD 350, the latest dated event in this review.

The next investor dates

According to JPMorgan Chase, the bank will present at the BancAnalysts Association of Boston Conference on November 5, 2026, at 8:50 a.m. ET. Its fourth-quarter 2026 earnings conference call is scheduled for January 14, 2027, at 8:30 a.m. ET.

Stock stays below the Xetra close

JPMorgan Chase's market capitalization was USD 886.6 billion on October 19, 2026, while its 52-week range was USD 279.10 to USD 366.50. The stock is listed on the New York Stock Exchange under ticker JPM, and the latest quarterly figures leave revenue growth and the uneven markets performance as the key counterweights to the target reduction. JPMorgan Chase stock was trading at EUR 298.23 at Lang & Schwarz on October 20, 2026 at 10:35 a.m. CEST, 0.79 percent below the Xetra close of October 19, 2026 at EUR 300.60. The further course of trading is shown by the continuously updated real-time quote of JPMorgan Chase stock.