{
  "id": 15370537,
  "title": "Is JPMorgan Chase Stock a Buy 8% Below Its Record High?",
  "url": "https://urgent.news/2026/10/18/is-jpmorgan-chase-stock-a-buy-8-below-its-record-high",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-18T07:15:00.000Z",
  "source": {
    "name": "Motley Fool",
    "slug": "motley-fool",
    "url": "https://www.fool.com/investing/2026/10/18/jpmorgan-chase-stock-buy-8-below-its-record-high/?source=iedfolrf0000001"
  },
  "original_language": "en",
  "account": "JPMorgan Chase stock is trading 8% below its record high of $365.18, set on August 12, 2026, and currently valued at $335.53. Despite this dip, the financial institution remains a highly regarded player in the industry, boasting a total asset base of $5.1 trillion and led by CEO Jamie Dimon for nearly two decades. In Q3 2023, JPMorgan Chase reported robust metrics, with net revenue increasing 8% year-over-year to $50.2 billion and diluted earnings per share rising 10% to $5.57. These figures, while below Wall Street expectations, are far from the company's worst results, which were seen during Q2 2022. The bank's revenue from equities markets activities surged 49% compared to Q3 2022, suggesting potential for continued growth. JPMorgan Chase also experienced a 10% year-over-year increase in average loans and an 8% rise in average deposits. Management raised guidance for net interest margin to $97.2 billion for the full year. The stock's current valuation, with a price-to-book ratio of 2.5, is a premium to its direct peer group but may be justified by the company's strong return on tangible common equity of 20%, outpacing its competitors Bank of America, Wells Fargo, and Citigroup. Furthermore, JPMorgan Chase offers a dividend yield of nearly 2%, providing investors with a healthy income stream.",
  "summary": "Viewed as the highest-quality financial services entity, this company seems to always operate from a position of strength.",
  "key_points": [
    "JPMorgan Chase stock currently at $335.53, 8% below record high of $365.18 set on August 12, 2026",
    "CEO Jamie Dimon has led the bank for nearly two decades",
    "Q3 2023 reported 8% year-over-year net revenue increase to $50.2 billion"
  ],
  "editors_take": "The bank's premium valuation reflects a dominant market position where superior returns on equity and surging equities revenue justify higher costs compared to its primary industry competitors.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Nasdaq Markets",
        "title": "Is JPMorgan Chase Stock a Buy 8% Below Its Record High?",
        "url": "https://urgent.news/2026/10/18/is-jpmorgan-chase-stock-a-buy-8-below-its-record-high-15378242",
        "published": "2026-10-18T07:35:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}