{
  "id": 6728662,
  "title": "JPMorgan initiates Old National Bancorp stock at Overweight",
  "url": "https://urgent.news/2026/09/11/jpmorgan-initiates-old-national-bancorp-stock-at-overweight",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-11T08:18:47.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/analyst-ratings/jpmorgan-initiates-old-national-bancorp-stock-at-overweight-93CH-4897360"
  },
  "original_language": "en",
  "account": "JPMorgan has rated Old National Bancorp (NASDAQ:ONB) as Overweight, predicting a stock price of $32.00. The bank's current valuation, with a P/E ratio of 11.3 and a low PEG ratio of 0.33, supports JPMorgan's bullish outlook. Old National Bancorp, a $74 billion regional bank founded in 1834 in Indiana, has expanded to serve clients across multiple states in the Midwest and Tennessee. The company boasts a diverse product range including retail and commercial banking, wealth management, investment, and capital markets. Over the past five years, Old National has quadrupled its asset base to $74 billion, with a significant portion of this growth driven by acquisitions. In 2022, the company acquired First Midwest, adding $22 billion in assets and entering Chicago's market. In 2024, Old National's acquisition of Capstar expanded its footprint into Tennessee with $3 billion in assets. The 2025 acquisition of Bremer added $16 billion in assets, extending its reach to Minnesota, Wisconsin, and North Dakota. These strategic expansions have resulted in revenue growth of 40.5% over the past year. Despite its strong growth trajectory, Old National Bancorp's stock has experienced a slight decrease in recent trading. The company reported better-than-expected earnings and revenue for the second quarter of 2026, with adjusted earnings per share of $0.65, surpassing the analyst consensus estimate of $0.63, and revenue of $740.06 million, exceeding the forecasted $716.25 million.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}