True North Advisors LLC Lowers Holdings in JPMorgan Chase & Co. $JPM

Posted by Geri Gentry on Aug 18th, 2026

True North Advisors LLC reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 8.6% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 17,701 shares of the financial services provider’s stock after selling 1,655 shares during the period. True North Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $5,794,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Morgan Stanley boosted its position in JPMorgan Chase & Co. by 1.4% in the 4th quarter. Morgan Stanley now owns 66,385,268 shares of the financial services provider’s stock worth $21,390,662,000 after purchasing an additional 939,421 shares in the last quarter. Bank of America Corp DE boosted its holdings in JPMorgan Chase & Co. by 15.8% during the first quarter. Bank of America Corp DE now owns 65,660,460 shares of the financial services provider’s stock worth $19,314,681,000 after buying an additional 8,941,351 shares in the last quarter. Norges Bank acquired a new stake in JPMorgan Chase & Co. during the fourth quarter valued at $11,396,496,000. Bank of New York Mellon Corp grew its position in JPMorgan Chase & Co. by 5.4% during the fourth quarter. Bank of New York Mellon Corp now owns 23,424,482 shares of the financial services provider’s stock valued at $7,547,837,000 after buying an additional 1,194,583 shares during the period. Finally, Legal & General Group Plc increased its holdings in JPMorgan Chase & Co. by 0.6% in the fourth quarter. Legal & General Group Plc now owns 19,019,564 shares of the financial services provider’s stock valued at $6,128,484,000 after buying an additional 110,586 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $361.71 on Tuesday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market capitalization of $961.49 billion, a PE ratio of 15.50, a P/E/G ratio of 1.49 and a beta of 0.99. JPMorgan Chase & Co. has a fifty-two week low of $279.10 and a fifty-two week high of $366.50. The company has a fifty day moving average of $341.12 and a two-hundred day moving average of $315.99.

JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last announced its earnings results on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.59 by $0.55. The business had revenue of $58.02 billion for the quarter, compared to analyst estimates of $50.72 billion. JPMorgan Chase & Co. had a net margin of 21.86% and a return on equity of 18.23%. The company’s revenue for the quarter was up 27.7% compared to the same quarter last year. During the same quarter last year, the business earned $4.96 earnings per share. As a group, research analysts forecast that JPMorgan Chase & Co. will post 24.28 earnings per share for the current fiscal year.

Insider Transactions at JPMorgan Chase & Co.

In related news, General Counsel Stacey Friedman sold 5,468 shares of JPMorgan Chase & Co. stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $300.27, for a total value of $1,641,876.36. Following the sale, the general counsel directly owned 46,428 shares in the company, valued at approximately $13,940,935.56. The trade was a 10.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Robin Leopold sold 2,500 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $361.41, for a total value of $903,525.00. Following the completion of the sale, the insider owned 73,547 shares in the company, valued at approximately $26,580,621.27. The trade was a 3.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 13,435 shares of company stock worth $4,353,502 over the last ninety days. 0.41% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

JPM has been the subject of a number of analyst reports. Citigroup upped their price objective on shares of JPMorgan Chase & Co. from $325.00 to $360.00 and gave the stock a “neutral” rating in a research report on Monday, July 20th. Robert W. Baird raised their target price on JPMorgan Chase & Co. from $295.00 to $305.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. Truist Financial lifted their price target on JPMorgan Chase & Co. from $344.00 to $352.00 and gave the company a “hold” rating in a research note on Wednesday, July 15th. HSBC upped their price target on JPMorgan Chase & Co. from $288.00 to $312.00 and gave the stock a “hold” rating in a report on Monday, May 4th. Finally, Evercore reiterated an “outperform” rating and set a $360.00 price target on shares of JPMorgan Chase & Co. in a research report on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and an average target price of $359.96.

Check Out Our Latest Analysis on JPMorgan Chase & Co.

Key Headlines Impacting JPMorgan Chase & Co.

Here are the key news stories impacting JPMorgan Chase & Co. this week:

Positive Sentiment: JPMorgan opened a two-story flagship on Chicago’s Magnificent Mile that combines everyday Chase banking with J.P. Morgan Private Client services. The bank plans more than 160 new branches and nearly 600 renovations in 2026, supporting deposit gathering, wealth management and cross-selling opportunities. JPMorganChase Opens New Two-Story Magnificent Mile Flagship
Positive Sentiment: Analyst commentary continues to highlight JPM’s earnings growth and price strength. Wells Fargo said the bank could reach a $1 trillion market capitalization and potentially double that value within seven to eight years, reinforcing the premium investors place on CEO Jamie Dimon’s leadership. Jamie Dimon’s JPMorgan Could Hit $1 Trillion Market Cap
Positive Sentiment: The bank has launched a program allowing institutional clients to use Bitcoin and Ethereum as collateral for dollar loans. Although substantial haircuts reduce risk, the initiative expands JPMorgan’s digital-asset and lending capabilities.
Neutral Sentiment: JPMorgan affiliates reduced or exited substantial-holder positions in several Australian companies, including Flight Centre, Lotus Resources and Temple & Webster. These portfolio changes do not appear to materially affect JPM’s operating outlook.
Neutral Sentiment: JPMorgan ended Polymarket’s banking relationship over regulatory concerns. The move may demonstrate tighter risk controls, but it also highlights compliance exposure in emerging financial markets. JPMorgan Cut Polymarket as Banking Client
Negative Sentiment: JPMorgan’s warnings that geopolitical tensions, climate risks and possible food inflation could worsen by 2027 point to macroeconomic pressures that could hurt consumer finances, credit quality and investor sentiment.
Negative Sentiment: Dimon’s lobbying against higher UK bank taxes underscores the risk of increased regulatory and fiscal costs for large financial institutions, although the issue is not specific to JPMorgan’s U.S. operations.

About JPMorgan Chase & Co.

(Free Report)

JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.

The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.