JPMorgan Chase (JPM) Stock News Today: $105B 2026 Expense Outlook, Dividend Update, and Analyst Price Targets (Dec. 14, 2025)
JPMorgan Chase shares closed Friday near $318, just below their 52-week high, after management projected 2026 expenses of about $105 billion—well above analyst expectations. The stock dropped 4–5% following the announcement, marking its sharpest decline in months. Investors are weighing the impact of increased spending on AI, marketing, and expansion ahead of upcoming earnings.