JPMorgan Chase shares lag sector peers despite annual outperformance
The bank’s Q1 2026 results showed strong earnings but rising expenses, while the stock has fallen from its 52-week high and trails rivals like Bank of America in recent months.
JPMorgan Chase shares have delivered a 12.9 per cent return over the past 52 weeks, outpacing the State Street Financial Select Sector SPDR ETF (XLF), which returned 1.2 per cent. Despite this longer-term outperformance, the stock has underperformed in the near term, falling 11.8 per cent from its 52-week high and lagging behind the XLF and rival Bank of America over the past three months and year-to-date.
Following the release of its Q1 2026 results on 14 April, JPM stock fell marginally as investors reacted to a reduction in 2026 net interest income guidance to approximately $103 billion. This figure is down from a prior outlook of $104.5 billion and sits below consensus estimates.
The bank reported Q1 earnings per share of $5.94, beating expectations, and adjusted revenue rose 10 per cent year-on-year to $50.5 billion. However, noninterest expenses climbed 14 per cent year-on-year to $26.9 billion, outpacing revenue growth and raising concerns over softer margins.
JPMorgan Chase’s stock has traded below its 50-day moving average since last year and fell below its 200-day moving average in early January. In contrast, Bank of America saw a 7.2 per cent decline year-to-date and a 15.9 per cent gain over the past 52 weeks, outperforming JPM in the longer term despite JPM’s recent sector outperformance.
Analysts maintain a Moderate Buy consensus rating with a mean price target of $338.52, implying a 13.9 per cent premium to current levels. The data is sourced from Barchart, where the article was originally published by Sohini Mondal.
