01:30 PM EDT, 05/29/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

With the share price up nearly 25% from the April lows, we believe the near-term upside potential for JPM's share price is less attractive and supports our downgrade to Hold from Buy. We lower our target price by $12 to $270 (consensus at $267) using a forward P/E multiple of 14.1x our 2026 earnings estimate compared to the five-year historic average of 13.0x. We also weigh price to tangible book value as another widely used valuation metric. Our revised target equates to 2.7x (current share price at 2.5x) versus the five-year historic average at 2.4x. In our view, no one can argue that JPM maintains best-in-class status versus other large commercial banks, but we currently prefer a more cautious stance.