JPMorgan Chase (JPM) Stock on December 2, 2025: Price, Dividend Power, Analyst Forecasts and the 2026 Outlook

JPMorgan Chase & Co. (NYSE: JPM) stock is trading just under record territory on December 2, 2025, as investors weigh a powerful combination of strong earnings, a richer dividend, accelerating buybacks and a friendlier regulatory backdrop for big banks heading into 2026.

Below is a full rundown of JPM stock today: live price context, fresh December 2 news, Wall Street forecasts, and the key themes that could drive the next leg of the move.

JPM stock today: still near all‑time highs

As of mid‑day trading on December 2, 2025, JPMorgan Chase shares are changing hands at around $308 per share, down a fraction on the day. The stock has traded between roughly $307 and $310 so far in the session.

MarketBeat data shows: ^[1]

52‑week range: about $202.16–$322.25
Market cap: roughly $840–850 billion
Trailing P/E: about 15.3x
Beta: ~1.1, modestly more volatile than the broader market

JPM has significantly outpaced the wider market in 2025. A Barchart review earlier this year highlighted a ~39% gain over the past 12 months, vs low‑to‑mid‑teens returns for the S&P 500 and the U.S. financials sector. ^[2]

Put simply: JPM is priced like a best‑in‑class franchise – trading only a few percent below its 52‑week high – and investors are paying a premium multiple versus most U.S. banks for its scale, diversification and profitability. TS2 Tech

Fresh headlines moving JPMorgan Chase on December 2, 2025

1. Big money continues to accumulate JPM

Several new SEC 13F‑driven headlines out today underscore how popular JPM remains with institutional investors:

RiverFront Investment Group LLC boosted its JPM stake by 35.3% in Q2, buying 58,354 shares to own 223,537 shares worth about $64.8 million. JPM is now its 27th‑largest holding. ^[3]
The same filing roundup notes that XTX Topco Ltd opened a new JPM position worth about $5.2 million, while Steward Partners Investment Advisory LLC lifted its holdings by 2.9% to nearly 686,000 shares (about $199 million). ^[4]

In total, roughly 71–72% of JPM shares are now held by institutions and hedge funds, underscoring its status as a core “blue‑chip” holding on Wall Street. ^[5]

2. Strategic portfolio moves in real estate

In London, a regulatory filing today shows JPMorgan Chase has cut its stake in PRS REIT PLC to 6.37% of voting rights, down from a higher level previously. ^[6]

The move is small relative to the size of JPM’s balance sheet but illustrates ongoing portfolio rebalancing in European real estate, an area where banks remain cautious after higher rates and valuation resets.

3. Aggressive push into Swiss wealth – and a landmark London tower

JPM is also making strategic growth moves aimed squarely at ultra‑wealthy clients and its European footprint:

In Switzerland, JPMorgan has already doubled its domestic private‑banking business between 2020 and 2024 and aims to double it again by 2030, targeting the country’s wealthiest households and positioning itself as “the premier international bank in Switzerland.” ^[7]
An InsiderMonkey piece published today notes a planned new Canary Wharf tower in London that could support around 12,000 employees and deliver an estimated £10 billion boost to the UK economy as JPM’s EMEA markets hub. ^[8]

These moves reinforce JPMorgan’s strategy of leaning into fee‑rich wealth and markets businesses rather than relying solely on traditional spread‑based lending.

4. Massive anti‑fraud initiative strengthens the “fortress” brand

In mid‑November, JPMorgan Chase announced the largest fraud and scam prevention initiative in its history, just as consumer fraud losses continue to surge nationally. ^[9]

Key elements include: ^[10]

Real‑time scam warnings inside Chase apps, especially for high‑risk payments (e.g., social media–linked transfers)
A “trusted contact” feature that allows customers to flag a person who can be notified in suspicious situations
A dedicated Scam Interruption Team, designed by behavioral experts to intervene in real time
Targeted support for elderly and vulnerable customers, including training built with AARP
More than 20 free workshops during International Fraud Awareness Week and ongoing nationwide sessions

JPM says it prevented customers from losing around $12 billion to fraud and scams last year thanks to these efforts. ^[11]

For shareholders, this initiative matters because fraud losses, reimbursement policies and reputational risk are increasingly central to how regulators and politicians view big banks – and thus to their long‑term cost of doing business.

Why JPM keeps appearing on “best dividend stock” lists

On December 2, multiple outlets zeroed in on JPM’s dividend profile:

InsiderMonkey and Yahoo Finance both ran pieces asking whether “JPMorgan Chase (JPM) is one of the best dividend stocks to buy,” highlighting its consistent payouts and strong balance sheet. ^[12]
A separate InsiderMonkey article today calls JPM “one of the best dividend stocks among hedge funds”, noting sustained institutional demand and the UK Canary Wharf expansion as long‑term positives. ^[13]

From the numbers, the story is straightforward:

The board raised the quarterly common dividend from $1.40 to $1.50 per share in September 2025 – a 7.1% increase. ^[14]
At today’s price around $308, that $6.00 annualized dividend equates to a yield near 1.9%. ^[15]
MarketBeat data puts JPM’s dividend payout ratio at roughly 30% of earnings, leaving ample room for buybacks and future hikes. ^[16]
JPM has also declared dividends across several preferred stock series, with upcoming payments in early 2026 to holders of Series II and OO, reinforcing its deep capital stack and conservative funding structure. ^[17]

And beyond dividends, JPM’s board in July authorized a new $50 billion common‑share repurchase program, giving management a large tool to return additional capital when valuations are attractive. ^[18]

For income investors, the combination of a growing dividend and sizable buybacks is a key part of the JPM bull case – even if the headline yield is lower than at some more cyclical or riskier banks.

Earnings momentum: Q3 2025 results still underpin the rally

JPMorgan’s latest earnings, released on October 14, 2025, remain the fundamental backbone of today’s share price. ^[19]

Key Q3 2025 highlights from the firm’s earnings presentation and news coverage include: ^[20]

Net income: $14.4 billion, up ~12% year‑on‑year
EPS: $5.07 vs. analyst expectations around $4.84–$4.85
Managed revenue: about $47.1 billion, up roughly 9%
Net interest income (NII): ~$24.1 billion, +2% YoY
Markets revenue: about $8.9 billion, up ~25%, led by a 33% jump in equities and 21% in fixed income
Investment banking fees: +16% YoY, as IPOs and M&A rebounded
Provision for credit losses: ~$3.4 billion, including an $810 million reserve build and a notable loss on subprime auto lender Tricolor, which CEO Jamie Dimon admitted was an embarrassing oversight but not a systemic issue. ^[21]

On capital and balance sheet strength: ^[22]

CET1 capital: about $287 billion
CET1 ratio: ~14.8% (standardized) and 14.9% (advanced)
Average loans: ~$1.4 trillion, up 7% YoY
Average deposits: ~$2.5 trillion, up 6% YoY

The bank also raised its full‑year NII forecast to roughly $95.8 billion, and suggested 2026 NII (excluding markets) of about $95 billion, assuming modest loan growth and somewhat lower rates. ^[23]

Taken together, JPM is growing earnings, deploying capital and still running with a fortress balance sheet, even while acknowledging emerging credit pockets and macro uncertainty.

Regulation and rates: a friendlier backdrop for big banks

2025 has been a turning point in capital rules and bank regulation, and that matters directly for JPM’s valuation.

U.S. regulators edging toward looser capital rules

U.S. regulators have recently signaled consensus on relaxing a key capital rule, which would give major banks like JPMorgan more room to lend, trade and return capital without raising extra equity. ^[24]

J.P. Morgan’s own private‑bank research notes that: ^[25]

Clarity around the U.S. “Basel III Endgame” proposal and the June 2025 stress‑test results point to lower capital requirements for large banks in 2026.
Regulators are also weighing changes to the GSIB surcharge, which could further reduce required capital buffers.
The net effect: large U.S. banks may have more capital than they strictly need under stress scenarios, opening the door to higher dividends and buybacks if conditions stay benign.

Daniel Pinto, JPMorgan’s vice‑chair, recently said the revised Basel plan should keep big‑bank capital “relatively flat” rather than forcing a major build‑up, a relief compared with earlier drafts. ^[26]

International regulators are shifting, too

In the UK, the Bank of England just announced a cut to its benchmark Tier 1 capital requirement, from 14% to 13%, the first such reduction since the global financial crisis. The move lifted major UK bank stocks and illustrates a broader global pivot from tightening to easing capital rules as governments seek more credit growth. ^[27]

Critics argue the pendulum is swinging too far. Advocacy group Better Markets estimates recent and proposed U.S. capital changes could slash more than $200 billion from large‑bank capital, potentially taking ratios back toward pre‑2008 levels. ^[28]

For shareholders, the near‑term takeaway is positive – more flexibility for JPM to deploy capital – but the longer‑term risk is that if the cycle turns, regulators could snap back quickly.

Rate cuts and JPM’s 2026 market outlook

J.P. Morgan’s asset‑management arm expects a new Fed easing cycle and mid‑single‑digit equity returns over the next few years: ^[29]

Forecasts call for S&P 500 earnings growth of ~11% in 2025 and 13% in 2026, led by technology and automation.
Global equities are expected to return around 6–7% per year, with emerging markets slightly higher.
The bank favors a “60/40+” portfolio – a traditional stock‑bond mix plus alternatives – as a core strategy.

Lower policy rates and a steepening yield curve are typically constructive for high‑quality banks: they can see relief on deposit costs while still earning spreads on loans, especially if credit quality holds up.

What Wall Street is forecasting for JPM stock

Consensus ratings and 12‑month price targets

Across major data providers, the picture is broadly optimistic but not euphoric:

MarketBeat’s latest aggregation (as highlighted in today’s RiverFront article) shows 15 Buy, 9 Hold and 3 Sell ratings, for an overall “Hold” consensus and an average price target of about $326 per share. ^[30]
That implies mid‑single‑digit upside from today’s ~$308 share price and would put JPM near the top of its recent trading range.
Barchart’s earlier summer survey found 26 analysts with a “Moderate Buy” consensus, a mean target around $300, and a street‑high target of $350. ^[31]

Several high‑profile analysts have updated their views in recent weeks:

Morgan Stanley’s Betsy Graseck reaffirmed an “Equal Weight” (Hold) rating in late November with a $338 price target, arguing that while JPM remains best‑in‑class, a lot of good news is already reflected in the stock. ^[32]
Erika Najarian (also widely cited today) keeps a Buy call with a bullish $357 target, emphasizing JPM’s earnings resilience, fee growth and capital return as key upside drivers. ^[33]

In other words, Wall Street loves the business, but is increasingly sensitive to valuation now that JPM trades close to record highs.

Algorithm‑based price forecasts (2025–2030)

Beyond human analysts, Benzinga recently compiled model‑driven forecasts for JPM that illustrate how wide the range of outcomes can be: ^[34]

2025:
- Bullish scenario: around $315
- Base/average: around $309
- Bearish: around $300
2026:
- Bullish: roughly $330
- Average: around $256
- Bearish: near $207
2030 (long‑term):
- Average projection: ~$566
- With bullish scenarios above $640

These are not guarantees – they are model outputs based on historical patterns and assumptions about growth, rates and volatility – but they reinforce a simple theme:

Over the long run, markets expect JPM to trend higher with earnings, but path and timing are highly uncertain.

Big picture themes for JPM into 2026

Putting today’s news and recent research together, several structural drivers stand out:

Capital return machine
- Higher common dividend ($1.50 per quarter), a large buyback authorization and very strong CET1 ratios position JPM to keep returning capital so long as earnings stay robust and regulators remain supportive. ^[35]
Fee‑rich growth in wealth and markets
- The push to double Swiss private banking by 2030 and build a flagship Canary Wharf hub signals a long‑term bet on ultra‑high‑net‑worth clients and EMEA market activity – businesses that can be less balance‑sheet‑intensive but highly profitable. ^[36]
AI and technology as both opportunity and cost center
- Jamie Dimon has argued that AI could eventually lead to three‑day workweeks and huge productivity gains, while JPM spends billions annually on AI and digital platforms. ^[37]
- That spending supports fraud prevention, trading, risk management and client experience – but also raises the bar for returns and execution.
Regulation and political risk
- Dimon has warned repeatedly that anti‑business policies and over‑regulation could push the U.S. toward “European‑style” stagnation, even as current proposals tilt toward easing capital burdens. ^[38]
- A change in political winds or a credit downturn could quickly revive calls for tighter rules, changing the earnings and capital‑return math.
Credit cycle and “cockroach risk”
- The Tricolor loan loss and Dimon’s “when you see one cockroach, there are probably more” comment highlight that credit issues can surface unexpectedly, especially after years of cheap money. ^[39]
- So far, consumer spending and loan performance are holding up, but rising reserves show management is not complacent.

What today’s setup means for investors

As of December 2, 2025, a reasonable synthesis of the latest news, forecasts and analysis on JPM looks like this:

Positives

Stock trading near record highs on the back of strong Q3 earnings, a raised NII outlook and powerful trading & IB franchises
Growing dividend (now $6.00/year) plus massive buyback firepower
Robust capital position with >14% CET1 ratios and regulators trending toward looser requirements
Institutional investors steadily adding to positions, with more than 70% of shares held by professional money managers
Strategic growth in global wealth management and continued heavy investment in AI and fraud prevention to defend the franchise

Key risks and watch‑items

Valuation is now near the top of historical ranges, so upside may depend on either faster‑than‑expected earnings growth or even more generous capital returns
Regulatory winds can change; critics of deregulation warn that capital is being cut too aggressively
Credit issues – from subprime auto to commercial real estate – could worsen if the economy slows
Algorithmic and analyst forecasts show a wide outcome range for 2026–2030, underscoring that even “fortress” banks are still cyclical stocks

For anyone following JPMorgan Chase, the December 2, 2025 snapshot is clear:

JPM is behaving exactly like what it is – a dominant, globally systemically important bank with a fortress balance sheet, a premium valuation, and a lot riding on how gently the next stage of the credit cycle and rate‑cutting path unfolds.

As always, this overview is for information and education only and is not investment advice. Any decision to buy, hold or sell JPM should factor in your own risk tolerance, time horizon and portfolio needs – ideally with input from a qualified financial professional.