JPMorgan stock hits record intraday high, crosses $900 billion value as banks lead Wall Street rally
JPMorgan shares jumped 2.6% to $334.04 Monday, lifting its market value above $900 billion after the bank launched a new advisory unit for top clients. Barclays raised its price target on the stock to $391. The S&P 500 financials index gained 2.2% as investors positioned for upcoming bank earnings and Friday’s U.S. jobs report. JPMorgan’s next results are due Jan. 13.