JPMorgan Shares Rise with Top Banks; Cuts 2026 S&P 500 Forecast from 8,000
JPMorgan shares rose last week as part of a select group of financial stocks—including Wells Fargo, Morgan Stanley and Goldman Sachs—among the only 11 S&P 500 members to post gains despite a four-week slide. Separately, the bank reduced its 2026 year-end S&P 500 target from 8,000 points after earlier downgrades.
1. Stock Performance
JPMorgan’s shares climbed last week as financial firms outperformed a broadly declining S&P 500, which fell for the fourth consecutive week and broke its 200-day moving average. The bank was one of just 11 S&P 500 constituents to post gains, alongside peers Wells Fargo, Morgan Stanley, Goldman Sachs and Bank of America, reflecting investor rotation into financials.
2. S&P 500 Forecast Downgrade
The firm trimmed its year-end 2026 S&P 500 target from 8,000 points, following multiple prior reductions in recent months. This revised outlook reflects increased caution on economic growth and corporate earnings, potentially tempering investor sentiment on market upside.