JPMorgan cuts target for Old National Bancorp stock
Published on 10/05/2026 at 18:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Old National Bancorp (ISIN US6800331075) was trading at EUR 22.30 at Lang & Schwarz on October 5, 2026 at 6:45 p.m. CEST, up 0.90 percent versus the EUR 22.10 prior close. On October 1, 2026, JPMorgan cut its price target from USD 32.00 to USD 30.00 while maintaining an overweight rating, MarketBeat reported.
JPMorgan lowers the valuation bar
The target reduction places the new JPMorgan view USD 7.70 above the Lang & Schwarz price when the currencies are kept separate only as stated market references. The analyst action matters because it trims the target by 6.25 percent from USD 32.00, yet leaves the overweight assessment intact.
Moomoo also reported on October 1, 2026 that JPMorgan analyst Anthony Elian maintained a buy rating and adjusted the target from USD 32.00 to USD 30.00. That combination gives investors a clear counterweight to the recent earnings numbers: the rating stayed positive while the valuation reference moved lower.
Second-quarter earnings beat estimates
Old National reported adjusted earnings per share of USD 0.65 for the second quarter of 2026, above the USD 0.63 consensus estimate, according to MarketBeat. Revenue reached USD 726.86 million in the quarter, up 13.20 percent from the prior-year period and above the USD 716.25 million estimate.
The finance statements show consolidated net income of USD 253.4 million and a 35.00 percent net profit margin for the second quarter of 2026. Total assets stood at USD 74.2 billion at June 30, 2026, underlining the scale behind the regional banking model.
October earnings date is set
Old National has scheduled its third-quarter earnings release for October 21, 2026, at approximately 7:00 a.m. ET, followed by a conference call at 10:00 a.m. ET, according to Fidelity. The next report will test whether the second-quarter earnings advantage can offset the lower JPMorgan valuation reference.
At Lang & Schwarz, Old National Bancorp was trading at EUR 22.30 on October 5, 2026 at 6:45 p.m. CEST, up 0.90 percent versus the EUR 22.10 prior close. Its primary listing is on NASDAQ, where the finance data snapshot showed USD 9.6 billion in market capitalization and a 52-week range of USD 19.39 to USD 27.36 as of October 5, 2026.
Old National Bancorp stock facts
- Company: Old National Bancorp
- ISIN: US6800331075
- Ticker: ONB
- Primary exchange: NASDAQ
- Price Lang & Schwarz (as of October 5, 2026, 6:45 p.m. CEST): EUR 22.30
- Change versus prior close: plus 0.90 percent
- Prior close Lang & Schwarz (October 2, 2026): EUR 22.10
- Market capitalization: USD 9.6 billion (as of October 5, 2026)
- 52-week range: USD 19.39-27.36 (as of October 5, 2026)
- Sector / Industry: Financial Services / Banks - Regional
- Next earnings date: October 21, 2026
