JPMorgan Chase could have even more room for growth following its latest quarterly report , according to Wells Fargo. Analyst Mike Mayo, who has an overweight rating on the “best-in-class” bank, raised his price target to $325 from $320. The increase implies more than 13% upside from Tuesday’s close. Mayo’s target change comes after the big U.S. bank reported second-quarter revenue of $45.68 billion, beating the LSEG consensus estimate of $44.06 billion. Noting a rise in investment banking activity over the course of the quarter, the bank also hiked its forecast for full-year net interest income – a measure of profitability – to approximately $95.5 billion, about $1 billion more than a prior outlook. “[Management] commentary on the call was upbeat given indications that lending and capital markets had acceleration as 2Q25 progressed. This should bode well ahead and helps support our higher estimates,” Mayo wrote in a note dated Tuesday, adding that the top-line beat was supported by net interest income and capital markets. “JPM is still best-in-class 2Q25.” The analyst also pointed out that the bank’s second-quarter results were an example that internal organic growth is continuing to outperform, being showcased by the 500,000 net new checking accounts made, record asset and wealth management revenues and capital. Mayo estimates that the bank will see about $200 billion in excess capital over a three-year period before stock buybacks. Along with that, he sees a “line of sight” to the name reaching $1 trillion in market cap. Fifteen out of 26 analysts are currently bullish on JPMorgan, having strong buy or buy ratings, per LSEG. Nine analysts, however, are neutral on it with a hold rating. JPM .SPX 3M mountain JPM vs. S & P 500, 3-month The stock has soared nearly 25% in the last three months and more than 19% year to date, outpacing the broader market on both fronts.
