HSBC upgraded JPMorgan Chase (JPM) to Hold from Reduce following the banking giant’s Q4 2025 results. The upgrade was based on sound operating fundamentals and Q4 earnings that surpassed consensus due to lower operating expenses, with 2026 guidance meeting analyst expectations.
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JPMorgan Chase raised to Hold at HSBC after Q4 results (JPM:NYSE)
HSBC upgraded JPMorgan Chase (JPM) to Hold from Reduce following the banking giant’s Q4 2025 results. The upgrade was based on sound operating fundamentals and Q4 earnings that surpassed consensus due to lower operating expenses, with 2026 guidance meeting analyst expectations.