Wall Street Experts' Q2 Earnings Preview: Wells Fargo, Citi, JPMorgan

JPMorgan raised Wells Fargo's price target to $83 from $73.50, citing the recent outperformance of large bank stocks. Raymond James downgraded Wells Fargo to Market Perform from Strong Buy, while HSBC downgraded JPMorgan to Reduce from Hold with a price target of $259. Keefe Bruyette upgraded JPMorgan to Outperform from Market Perform with a price target of $327, citing "business model superiority."

Wells Fargo (WFC) and JPMorgan Chase (JPM) have seen changes in their analyst ratings and price targets. JPMorgan raised Wells Fargo's price target to $83 from $73.50, citing the recent outperformance of large bank stocks [1]. Raymond James downgraded Wells Fargo to Market Perform from Strong Buy, while HSBC downgraded JPMorgan to Reduce from Hold with a price target of $259. Keefe Bruyette upgraded JPMorgan to Outperform from Market Perform with a price target of $327, citing "business model superiority" [2].

Wells Fargo (WFC)

Wells Fargo's stock opened today at $159.34, following a downgrade by Raymond James to Market Perform from Strong Buy. The downgrade was accompanied by a price target of $163.00. Wells Fargo's latest earnings report showed a quarterly revenue of $3.79 billion and a net profit of $495 million, up from $3.61 billion and $475 million, respectively, in the previous year [1].

JPMorgan Chase (JPM)

JPMorgan Chase saw its rating upgraded by Keefe Bruyette to Outperform from Market Perform, with a price target of $327. This upgrade reflects the firm's "business model superiority." Meanwhile, HSBC downgraded JPMorgan to Reduce from Hold, with a price target of $259 [2].

Analyst Sentiment

According to TipRanks, Wells Fargo has a Moderate Buy analyst consensus rating with an average price target of $159.27, implying a -0.04% downside from current levels. JPMorgan, on the other hand, has a Moderate Buy rating with an average price target of $84.88, representing a 2.82% upside from the last price of $82.55 [2].

Corporate Insider Activity

The recent corporate insider activity for Raymond James Financial (RJF) indicates negative sentiment, with 69 insiders selling their shares in the past quarter. This includes Bella Loykhter Allaire, the Chief Admin Officer, who sold 6,570 shares for $963,227.70 in May 2025 [1].

Conclusion

The recent analyst adjustments reflect a mix of positive and negative sentiments for both Wells Fargo and JPMorgan. While JPMorgan's upgrade signals confidence in its business model, Wells Fargo's downgrade suggests caution among some analysts. Investors should carefully consider these changes and monitor the companies' financial performance and analyst ratings for further insights.

References:

[1] https://www.theglobeandmail.com/investing/markets/stocks/RJF/pressreleases/33369355/wells-fargo-sticks-to-their-hold-rating-for-raymond-james-financial-rjf/
[2] https://www.tipranks.com/stocks/wfc/forecast