January 9, 2026
Finance

JPMorgan Chase Set to Announce Q4 Earnings Amid Strategic Shifts in Consumer Finance

Wall Street Analysts Adjust Price Targets Ahead of JPMorgan's Earnings Release, Reflecting Confidence and Market Dynamics

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Summary

JPMorgan Chase & Co. is preparing to disclose its fourth-quarter financial outcomes ahead of market open on January 13, 2025. Analysts forecast growth in earnings per share and revenue, while the company embarks on a significant consumer finance realignment by taking over issuance of the Apple Card from Goldman Sachs. Recent analyst revisions indicate varied but generally positive expectations, underscoring JPMorgan's evolving market positioning.

Key Points

JPMorgan Chase is set to report Q4 earnings before the market opens on January 13, 2025, with analysts projecting a rise in EPS from $4.81 to $5.01 year-over-year.
Consensus revenue estimates for JPMorgan's quarter stand at $46.25 billion, up from $42.77 billion the previous year.
JPMorgan has replaced Goldman Sachs as the issuer of the Apple Card, indicating a strategic shift in consumer finance for both banks and Apple.
Several leading analysts have adjusted their JPMorgan price targets upward, with ratings ranging from Hold to Overweight and price targets spanning $331 to $391, demonstrating varied yet positive sentiment.

JPMorgan Chase & Co. (NYSE: JPM) is scheduled to release its earnings report for the fourth quarter prior to the market opening on Tuesday, January 13, 2025. Market consensus anticipates that the bank will post earnings of $5.01 per share, representing an increase from $4.81 per share in the same quarter the previous year. This performance expectation is supported by projected quarterly revenue of approximately $46.25 billion, which reflects a notable rise from the prior year's $42.77 billion.

In a major development impacting its consumer finance strategy, JPMorgan has been named the successor to Goldman Sachs (NYSE: GS) as the issuer of the Apple Card. This transition marks a pivotal realignment of relationships between the three entities – Apple Inc. (NASDAQ: AAPL), JPMorgan, and Goldman Sachs – and signals a reshaping of their respective ambitions within the digital credit card and consumer finance sectors.

Reflecting market reaction to JPMorgan's positioning, its stock ended the last trading session before the earnings announcement with a 0.9% gain, closing at $329.79 per share. This share price movement indicates investor sentiment that is cautiously optimistic about upcoming financial disclosures and strategic shifts.

Professional analysts with strong track records of forecast accuracy have provided updated perspectives on JPMorgan in the weeks preceding the earnings report. These evaluations offer a window into market expectations and the nuances influencing investor confidence.

John McDonald, an analyst at Truist Securities with a 78% historical rating accuracy, recently reiterated a Hold rating on the stock and marginally increased his price target from $330 to $331 on January 6, 2026. This suggests a measured confidence in JPMorgan’s near-term outlook without a clear signal to aggressively buy or sell.

Jason Goldberg of Barclays, whose forecasts carry a 63% accuracy, maintained an Overweight rating and notably raised his price target from $342 to $391 on January 5, 2026. Goldberg’s revision implies an expectation of stronger share price appreciation relative to prior evaluations.

David Konrad from Keefe, Bruyette & Woods, an analyst with a 79% accuracy rate, continues to recommend the stock as Outperform. He also increased his price forecast, moving it from $354 to $363 as of December 17, 2025. This upgrade aligns with expectations of positive earnings momentum and operational performance.

Wells Fargo’s Mike Mayo, operating with a 73% track record for precision, upheld an Overweight rating while adjusting his target price slightly upwards from $345 to $350 on November 3, 2025, signaling a steady endorsement of JPMorgan’s trajectory.

Conversely, Betsy Graseck of Morgan Stanley, whose accuracy rate stands at 62%, maintained an Equal-Weight rating and raised her target price modestly from $336 to $338 on October 15, 2025. This rating denotes a neutral stance, reflecting neither a strong conviction for significant share price outperformance nor underperformance.

These divergent analyst opinions highlight a range of forecasts that factor in JPMorgan’s earnings growth expectations, revenue gains, and strategic positioning with the Apple Card issuance change. The mixed but overall positive outlook illustrates the complexities facing a leading financial institution amidst competitive and operational transitions.

Investors considering an acquisition of JPMorgan stock ahead of the earnings reveal have access to continually updated analyst ratings and research insights available through financial information services. This data facilitates informed decision-making when evaluating JPMorgan’s potential performance and risks.

Additional research identifying leading stock opportunities for 2026 includes proprietary rankings based on growth potential, value, quality, and market momentum. While JPMorgan is a major player on the financial landscape, other companies are also highlighted by such analyses as having strong prospects.

Regarding the broader market context, shares of Apple Inc. (NASDAQ: AAPL) and Goldman Sachs Group (NYSE: GS) also remain under the watchful eye of investors due to their involvement in the consumer credit card market alongside JPMorgan. Their stock prices recently showed marginal fluctuations as well, with Apple concluding at approximately $259.12 and Goldman Sachs at $935.85, indicating steady investor interest.

In summary, JPMorgan’s awaited fourth-quarter results and its new role as issuer of the Apple Card represent a significant confluence of financial performance and strategic repositioning. Analyst forecasts and price target adjustments reflect an industry closely monitoring how these factors will materialize in the company’s near-term and medium-term outlook.

Risks
  • Market adjustments following JPMorgan’s change in Apple Card issuance might affect consumer finance dynamics and associated revenue streams.
  • Analyst ratings show a range of perspectives, including Hold and Equal-Weight, pointing to some uncertainty or caution regarding near-term stock performance.
  • The true impact of revenue and earnings growth expectations depend on actual Q4 results, which may differ from consensus forecasts.
  • Stock price movements before earnings announcement reflect cautious optimism but also imply potential volatility based on reported results and strategic developments.
Disclosure
Education only / not financial advice
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