Global Bank Valuations Rise in Q2 as JPMorgan Backs AI Chip Dip
JPM•Global bank valuations climbed in Q2 2026 as banks boosted capital returns through share buybacks and dividends. Concurrently, JPMorgan advised buying AI chip stocks following recent declines, while Morgan Stanley recommended alternative AI-related investments.
1. Q2 Bank Valuations Rise
In Q2 2026, global bank valuations increased as institutions returned capital to shareholders through enhanced share repurchase programs and boosted dividend payouts, pushing the average price-to-book multiple above the five-year median.
2. Diverging AI Investment Strategies
JPMorgan's equity strategy analysts recommended buying semiconductor stocks after a recent pullback, citing attractive entry points, while Morgan Stanley advised overweighting cloud infrastructure and AI services names to capture data-processing demand growth.
