JPMorgan Chase & Co. operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking. The CIB segment provides investment banking products and services, including corporate strategy and structure advisory, and equity and debt market capital-raising services, as well as loan origination and syndication; payments; and cash and derivative instruments, risk management solutions, prime brokerage, and research. This segment also offers securities services, including custody, fund accounting and administration, and securities lending products for asset managers, insurance companies, and public and private investment funds. The CB segment provides financial solutions, including lending, payments, investment banking, and asset management to small and midsized companies, local governments, nonprofit clients, and large corporations, as well as investors, developers, and owners of multifamily, office, retail, industrial, and affordable housing properties. The AWM segment offers multi-asset investment management solutions in equities, fixed income, alternatives, and money market funds to institutional clients and retail investors; and retirement products and services, brokerage, custody, estate planning, lending, deposits, and investment management products to high net worth clients. JPMorgan Chase & Co. was founded in 1799 and is headquartered in New York, New York.

JP Morgan Chase & Co. демонстрирует сильные финансовые показатели, включая высокие значения ROE (16.04%) и ROA (1.30%), которые значительно выше медианных значений в отрасли, что указывает на эффективное использование капитала. Однако, P/E (16.06) и P/B (2.45) превышают медианные значения, что может свидетельствовать о переоцененности акций. Долговая нагрузка компании также вызывает беспокойство, так как debt/equity ratio составляет 1.19, что выше медианы отрасли. Несмотря на это, рост выручки и прибыли на акцию (EPS) в последние годы подчеркивает устойчивую финансовую динамику. Дивидендная доходность (0.45%) показывает небольшое снижение, что также может негативно сказаться на привлекательности для инвесторов. В целом, сильные стороны компании заключаются в её финансовой устойчивости и способности генерировать прибыль, однако высокие мультипликаторы и долговая нагрузка могут ограничить дальнейший рост акций в краткосрочной перспективе.

JP Morgan Chase & Co.

Key Points
Oracle's Remaining Performance Obligations reached $553 billion in its latest quarter.
JPMorgan raised its price target for Oracle to $210.
What's going on with Oracle (NYSE: ORCL) this year? The stock has struggled through the first few months of 2026 and is down more than 18% after skyrocketing in the third quarter of 2025. The worst may be over now, according to JPMorgan's latest analysis.
A record quarter lifts the mood
Oracle just delivered a record quarter, with earnings per share and total revenue both up by more than 20% year over year. Management said this was the first time in over 15 years that Oracle experienced 20% growth in both metrics in the same period.
Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
JPMorgan quickly upgraded Oracle to Overweight from Neutral following the earnings report. The recent sell-off improved the company's risk-reward profile, according to JPMorgan analyst Mark Murphy. The bank set a $210 price target for Oracle. Barclays also increased its price target for Oracle to $240 following the earnings release. The stock closed still well below targets at $159 on March 12.
Analysts are bullish on Oracle because many believe the recent sell-off was overblown and that the company now offers a more attractive entry point and fairer valuation. Oracle also successfully secured $25 billion in debt, which eases concerns about its debt rating and the need to raise incremental funds throughout 2026.
There were many concerns about Oracle at the start of the year, which contributed to its stock's decline. From over-concentration in OpenAI to fears about the high cost of AI-related capital expenditures, and more debt financing to meet build-out demand, the extraordinarily high valuation no longer seemed justified.
Since September 2025, Oracle has declined by more than 50% from its 52-week high of $345.
The massive build-out continues
The short-term headwinds don't negate the fact that Oracle's Remaining Performance Obligations (RPOs) reached $553 billion in the third-quarter 2026 report, a 325% increase compared to the year prior. RPOs represent non-cancelable future revenue, including invoiced and backlogged contracts. Growing RPOs are a strong signal of continued momentum.
There's no doubt that Oracle's most recent quarter has shifted the narrative among investors and analysts. The company also recently announced it will layoff 12% to 18% of its workforce, between 20,000 and 30,000 jobs, in an effort to improve its cash position.
For long-term investors who can tolerate Oracle's high debt load and its need to spend exorbitant amounts building out AI data centers, the stock is far more attractively priced now than it was through much of 2025.
Oracle's huge backlog is promising, and the company is cutting expenses while investing in its future. Oracle should continue to deliver significant growth for investors for quite some time. Hitting JPMorgan's raised price target of $210 doesn't seem so far off now.
Should you buy stock in Oracle right now?
Before you buy stock in Oracle, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Oracle wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $514,000!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,105,029!*
Now, it’s worth noting Stock Advisor’s total average return is 930% — a market-crushing outperformance compared to 187% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
JPMorgan Chase is an advertising partner of Motley Fool Money. Catie Hogan has positions in Oracle. The Motley Fool has positions in and recommends JPMorgan Chase and Oracle. The Motley Fool recommends Barclays Plc. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Oracle Has Fallen 18% in 2026. Wall Street's Top Pick Just Set a $210 Price Target.

Key Points
Coca-Cola, ExxonMobil, and AbbVie are blue chip stocks that have provided consistent quarterly payouts.
Realty Income and the JEPQ ETF both offer a monthly payout.
Dividend stocks are a tried-and-true way to maximize your investments and build wealth that leads to a comfortable retirement. These payments, which are a portion of the company's profits, are often made by mature, stable companies and are seen as an incentive to entice new investors into taking a position in the company.
For investors, this provides two benefits. First, you can reinvest your dividend payment into your portfolio, making it grow even faster. The S&P 500 index has had a mean dividend yield of 1.74% over the last 10 years. That may not sound like a lot, but over a decade, it adds up. The index has risen 240% in the last 10 years, but if you account for the reinvested dividends, the S&P 500's total return is 305%.
Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
Or you can use those dividend payments as regular income. Dividends are a favored vehicle for investors who are in retirement because they act as a form of passive income -- meaning that retirees don't need to draw down their retirement accounts as quickly.
There are plenty of different dividend stocks from which to choose, but here are my five favorites right now.
1. Realty Income
Realty Income (NYSE: O) has long been at the top of my list of dividend stocks. First, I like that it's a monthly dividend stock rather than a quarterly one. That's important because getting payments into your account quickly means you can reinvest them sooner. Or, if you are using Realty Income for passive income, it's easy to set up a monthly budget when you have a monthly dividend stock.
Second, Realty Income is dedicated to raising its dividend. The company has paid a monthly dividend for more than 55 years, in which time it's increased its dividend 133 times. The yield currently sits at 5%.
Realty Income is consistent because it's a solid business, built to last. The real estate investment trust owns more than 15,500 properties and rents them to more than 1,700 clients, generating $5.3 billion in annualized rent.
2. ExxonMobil
ExxonMobil (NYSE: XOM) is a massive oil and gas company that offers upstream production, midstream pipelines, and downstream refining and chemicals. It also operates more than 12,000 gas stations in the U.S. under the Exxon and Mobil brands.
The company generates a ton of money. Cash flow from operations totaled $52 billion in 2025, which allowed ExxonMobil to pay out $17.2 billion in dividends and repurchase an additional $20 billion worth of shares. ExxonMobil's dividend yield is a healthy 2.8%.
3. AbbVie
AbbVie (NYSE: ABBV) is my favorite pharmaceutical company for dividend yields. The company is getting a lot of its profits these days from Skyrizi, which was responsible for $5 billion in revenue in the fourth quarter, up 31.9%, and from Rinvoq, which contributed another $2.37 billion, up 28.6%.
Those gains allowed AbbVie to report revenue growth for the quarter, even though the company lost exclusivity for its popular Humira drug. Overall, the company generated $16.6 billion in revenue in the quarter, up 10% year over year. AbbVie's dividend yield is 3%.
4. Coca-Cola
Beverage company Coca-Cola (NYSE: KO) is a Dividend King, meaning that it's raised its dividend for at least 50 consecutive years. The company shows no sign of slowing, as Coca-Cola's dividend yield is a respectable 2.6%.
Coca-Cola has the biggest market share of carbonated soft drinks in the U.S., but this is much more than a soda company. The Atlanta-based company also manufactures sports drinks, water, tea, lemonade, juices, and coffee.
5. JPMorgan Nasdaq Equity Premium Income ETF
The JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ: JEPQ) isn't a stock. In fact, it's not even a traditional dividend ETF. JEPQ, which is managed by a division of JPMorgan Chase, employs a covered-call strategy through equity-linked notes to generate dividends for shareholders. Fund managers sell out-of-the-money call options on stocks in the index, and the proceeds are distributed as a dividend each month.
I love tech stocks, so the JEPQ ETF caught my eye a few months ago. I was looking for a way to draw passive income from tech stocks that typically don't offer a payout at all. The ETF's top holdings include some of my favorite stocks -- Nvidia, Apple, Alphabet, Microsoft, and Amazon. Those stocks offer just a pittance of a dividend, if at all. But JEPQ's covered-call strategy allows it to pay a current yield of 10.6%. That means I'll be keeping the JEPQ in my portfolio for a long time.
Should you buy stock in Coca-Cola right now?
Before you buy stock in Coca-Cola, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Coca-Cola wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $514,000!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,105,029!*
Now, it’s worth noting Stock Advisor’s total average return is 930% — a market-crushing outperformance compared to 187% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of March 15, 2026.
JPMorgan Chase is an advertising partner of Motley Fool Money. Patrick Sanders has positions in JPMorgan Nasdaq Equity Premium Income ETF and Nvidia. The Motley Fool has positions in and recommends AbbVie, Alphabet, Amazon, JPMorgan Chase, Microsoft, Nvidia, and Realty Income. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

My 5 Favorite Dividend Stocks to Buy Right Now

Key Points
Bank of America's network continues to expand.
ExxonMobil returned $37.2 billion to shareholders in 2025, increasing its dividend yet again.
Alphabet is a modern blue chip stock, initiatng its dividend in 2024.
Although the stock market has been in "go" mode during the past three years, 2026 is proving to be another story. The threat of rising inflation, a weak jobs market, and war in the Middle East are taking a toll on the market.
The Dow Jones Industrial Average and the S&P 500 are both in the red so far in March. Just as telling, the Chicago Board Options Exchange (CBOE) Volatility Index, commonly known as the fear index, has climbed almost 80% since the beginning of the year.
Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
In times like these, it's natural to be concerned, and even to consider taking money out of the stock market in search of safe assets, such as gold or bonds. But I think that's a mistake. First, if you're a long-term investor, you could potentially run up a big tax bill by closing positions where you've had significant gains.
Second, history shows us that the stock market is a consistent winner over time. Although short-term dips are inevitable, the market has historically rebounded and moved higher. Panicking now would deprive you of the opportunity to profit from the recovery.
Instead, I think this is an ideal time to consider some tried-and-true investments. Blue chip stocks are those that have a long history of profitability and stability. These companies are most often market leaders, offer well-known products or services, and are often generous in returning money to shareholders through stock buybacks or dividends.
Here are three ideal choices in today's market that cover three pillars of the economy: Finance, energy, and technology.
The finance pick: Bank of America
North Carolina-based Bank of America (NYSE: BAC) isn't the biggest bank in the U.S. (JPMorgan Chase gets that title), but it's a mammoth banking institution, nonetheless. Bank of America has more than 3,600 banking locations and 15,000 ATMs. Customers are increasingly connecting online, with 25 million active Zelle users who sent and received 474 million transactions in the fourth quarter, up 12% from a year ago.
Bank of America offers consumer, business, and wealth management services, all of which are major revenue drivers. The bank's consumer banking segment generated net income of $3.3 billion and revenue of $11.2 billion in Q4, up 5% from a year ago. Its wealth management segment brought in another $6.6 billion in revenue and net income of $1.4 billion. Its global banking and global markets segments accounted for more than $3.1 billion in revenue.
Bank of America has increased its dividend annually for the past 12 years, and currently provides a yield of 2.3%.
The energy pick: ExxonMobil
Nothing says "blue chip energy stock" like ExxonMobil (NYSE: XOM). The integrated oil and gas company has vast operations that include its upstream production, midstream pipelines, and downstream chemical and refining.
The size of ExxonMobil's business means that it can generate huge profits for its shareholders. Cash flow from operations in 2025 was $52 billion, which allowed ExxonMobil to deliver $28.8 billion in earnings. It posted free cash flow of $26.1 billion for the year, while it returned $37.2 billion to shareholders in the form of share repurchases and dividends.
ExxonMobil increased its dividend by 4% in December and has raised its dividend annually for the past 43 years. The payout currently offers a yield of 2.7%.
The technology pick: Alphabet
Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) only recently became a dividend stock, having declared its first dividend in April 2024. The payout's current yield of 0.3% pales compared to others on this list. But I consider Alphabet a modern blue chip stock, given its enormously popular businesses, its huge revenue and profit streams, its dominant market position, and the company's newfound commitment to dividends.
Alphabet's Chrome browser and Google search engine are market share leaders. According to financial research firm MoffettNathanson, the company's YouTube video platform generated $62 billion in 2025, which moved it past Walt Disney to become the world's largest media company.
Revenue in 2025 was $402.8 billion, up 15% from 2024, and net income of $132.1 billion rose 32% from a year ago. The company's free cash flow in the trailing 12 months is a whopping $73.2 billion.
Alphabet is investing heavily in expanding its Google Cloud computing segment. But its hugely successful advertising business, powered by its internet dominance and YouTube, provides it with significant advantages that will allow it to become an emerging dividend stock that investors can count on for the long term.
Should you buy stock in Bank of America right now?
Before you buy stock in Bank of America, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Bank of America wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $514,000!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,105,029!*
Now, it’s worth noting Stock Advisor’s total average return is 930% — a market-crushing outperformance compared to 187% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of March 15, 2026.
Bank of America is an advertising partner of Motley Fool Money. JPMorgan Chase is an advertising partner of Motley Fool Money. Patrick Sanders has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, JPMorgan Chase, and Walt Disney. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Best 3 Blue-Chip Stocks to Buy After This Month's Market Pullback

Key Points
Concorde Financial Corp sold 52,047 shares of Howard Hughes Holdings (HHH); estimated transaction value of $4.28 million (based on quarterly average pricing)
Quarter-end position value declined by $4.28 million, reflecting both trading activity and share price movement
Change represented a 3.3% reduction in reportable 13F assets under management
Post-trade, Concorde Financial Corp holds zero shares and no remaining value in Howard Hughes Holdings
Prior to the sale, the position represented 2.4% of the fund’s assets under management
What happened
According to a recent SEC filing dated February 17, 2026, Concorde Financial Corp disclosed in a U.S. Securities and Exchange Commission (SEC) filing that it sold out its entire stake in Howard Hughes Holdings (NYSE:HHH), liquidating 52,047 shares in an estimated $4.28 million trade based on quarterly average pricing.
What else to know
Concorde Financial Corp sold out its entire Howard Hughes Holdings stake. As of February 16, 2026, shares of Howard Hughes Holdings were priced at $82.15, up 9.5% over the past year, underperforming the S&P 500 by 2.3 percentage points. The position was previously 2.4% of the fund’s assets under management as of the prior quarter.
Top holdings after the filing:
NYSE:JPM: $9.16 million (7.1% of AUM)
NYSE:XOM: $8.03 million (6.2% of AUM)
NASDAQ:EXE: $7.45 million (5.8% of AUM)
NYSE:ET: $7.39 million (5.7% of AUM)
NYSE:ABBV: $7.04 million (5.5% of AUM)
Company overview
Price (as of market close February 13, 2026)
$82.15
Revenue (TTM)
$1.47 billion
Net income (TTM)
$123.9 million
1-year price change
8.6%
Company snapshot
Howard Hughes Holdings develops, owns, and manages a diversified portfolio of real estate assets, including retail, office, multifamily, and master planned communities; also operates landmark properties in New York City’s Seaport district.
It generates revenue primarily through property leasing, land sales, and development fees, leveraging long-term community development and recurring rental income streams.
Howard Hughes Holdings serves homebuilders, commercial tenants, and residential buyers in major U.S. growth markets such as Las Vegas, Houston, and Phoenix.
What this transaction means for investors
Howard Hughes Holdings is built around a long-cycle real estate development model. The company controls large land positions in fast-growing markets such as Las Vegas, Houston, and Phoenix, where population growth and housing demand can increase land values over time before much of that land is fully developed.
Howard Hughes Holdings monetizes its communities in stages. It starts by selling residential land parcels to homebuilders, then introduces retail, office, and mixed-use properties as population and demand grow. This approach provides revenue from land sales and long-term cash flow as communities require shopping, workplaces, and entertainment options.
For investors, the key question is whether Howard Hughes can consistently convert land ownership into higher land values and stable commercial income. When housing demand and migration trends are strong, the model can generate long-term value. However, results may be more cyclical and less predictable than those of stabilized property owners, since outcomes will also depend on development timing, homebuilder demand, and local economic conditions.
Should you buy stock in Howard Hughes right now?
Before you buy stock in Howard Hughes, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Howard Hughes wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $508,607!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,122,746!*
Now, it’s worth noting Stock Advisor’s total average return is 933% — a market-crushing outperformance compared to 188% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of March 13, 2026.
JPMorgan Chase is an advertising partner of Motley Fool Money. Eric Trie has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends AbbVie, Howard Hughes, and JPMorgan Chase. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Concorde Financial Exits Howard Hughes Holdings, Developer of Large Sun Belt Communities

Shares of Deutsche Bank AG DB fell nearly 7% yesterday as the company disclosed that its private credit portfolio increased to €25.9 billion (nearly $30 billion) in 2025, underscoring growing investor concern about risks accumulating in the rapidly expanding sector. According to the bank’s 2025 annual report, Deutsche Bank’s private credit portfolio exposure reflects a 6% year-on-year expansion, positioning the German lender among the banks with some of the largest links to the booming private credit industry.
Deutsche Bank said its underwriting remains conservative and emphasized that it does not currently face “significant direct risks.” Still, the bank acknowledged that it could experience indirect credit risks through interconnected portfolios and counterparties in the wider private credit ecosystem.
Another area of growing exposure is the technology sector, particularly loans linked to software companies. The bank’s loan exposure to the technology sector, including software, reached €15.8 billion ($18.2 billion) at amortized cost in 2025, up from €11.7 billion ($13.5 billion) in the previous year.
Private credit has grown into a nearly $2 trillionglobal market attracting institutional investors seeking higher yields. However, concerns about private credit intensified due to concerns about weak underwriting standards, lack of transparency, and rising borrower leverage. Some private credit funds have faced redemption pressures, while certain lenders have reported loan markdowns and credit quality concerns.
This week, JPMorgan JPM decided to mark down some private-credit loans. JPM has reduced the value of certain loans held as collateral by private-credit groups, particularly software-related exposures, and is accordingly limiting how much it will lend against those assets. The move underscores how banks are becoming more cautious about the quality and liquidity of private loans as pressure rises on sectors seen as vulnerable to artificial-intelligence (AI) disruption and weaker economic conditions.
Strains are also emerging across the broader alternative-asset industry, including companies like BlackRock BLK and Blackstone BX. Recently, BlackRock limited withdrawals from a flagship private-credit fund after redemptions surged. On the other hand, Blackstone announced a rise in its redemption cap from 5% to 7% after facing a jump in investor requests. This highlights how quickly confidence can be tested when investors want cash back at the same time.
To conclude, the disclosure of Deutsche Bank’s sizable private-credit exposure shows that sentiment around the fast-growing asset class can shift at any time. Despite flagging the risks related to private credit, Deutsche Bank said it plans to expand its business within the sector, aiming to broaden distribution through selective regional growth and by developing new investment products and digital solutions alongside its private bank.
DB Price Performance & Zacks Rank
Over the past year, shares of Deutsche Bank have gained 21.5% on the NYSE compared with the industry’s growth of 38.1%.
Image Source: Zacks Investment Research
Currently, DB carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

DB Stock Falls 7% After Revealing Nearly $30B Private Credit Exposure

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Russell 1000 Value ETF (Symbol: IWD) where we have detected an approximate $257.6 million dollar inflow -- that's a 0.4% increase week over week in outstanding units (from 314,400,000 to 315,600,000). Among the largest underlying components of IWD, in trading today Berkshire Hathaway Inc New (Symbol: BRK.B) is trading flat, JPMorgan Chase & Co (Symbol: JPM) is up about 1.1%, and Exxon Mobil Corp (Symbol: XOM) is up by about 0.5%. For a complete list of holdings, visit the IWD Holdings page » The chart below shows the one year price performance of IWD, versus its 200 day moving average:
Looking at the chart above, IWD's low point in its 52 week range is $163.19 per share, with $226.39 as the 52 week high point — that compares with a last trade of $216.01. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Also see:
Precious Metals Dividend Stocks
FBSS YTD Return
Funds Holding LMLB
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Notable ETF Inflow Detected - IWD, BRK.B, JPM, XOM

On a valuation basis, shares of Morgan Stanley MS appear to be trading at a premium relative to the industry. The company’s forward 12-month price/earnings (P/E) ratio of 14.31 is above the industry average of 13.01.
Even if we compare MS’ current valuation with two of its closest peers, JPMorgan JPM and Goldman Sachs GS, the stock appears overvalued. JPMorgan has a P/E (F12M) ratio of 13.04 and Goldman Sachs has a forward 12-month P/E ratio of 14.26.
P/E (F12M) Ratio
Image Source: Zacks Investment Research
The relatively stretched valuation of Morgan Stanley may discourage investors from buying the stock. This is because premium-valued stocks are more vulnerable to valuation multiple compression if industry conditions deteriorate. In such a scenario, a reversion toward the mean valuation level could lead to a sharp correction in the stock price.
However, investors should not completely avoid Morgan Stanley solely due to its premium valuation. Before making any investment decision, it is important to assess the company’s underlying fundamentals and growth prospects to determine whether the higher valuation is justified.
What’s Aiding Morgan Stanley’s Growth?
Increased Focus on Wealth & Asset Management Operations: For a long time now, Morgan Stanley has been lowering its reliance on capital markets for income generation. It has been focusing more on expanding its wealth and asset management operations through targeted acquisitions that expand distribution and deepen engagement. The purchases of E*TRADE and Eaton Vance accelerated its move into scaled wealth channels and investment solutions. It also built a meaningful workplace wealth footprint through Solium (now Shareworks by Morgan Stanley), extending its reach via corporate stock-plan relationships.
More recently, the acquisition of EquityZen broadened access to private-market liquidity and investments, capabilities that can strengthen client retention and wallet share.
By the end of 2025, the wealth and investment management segments together accounted for 54% of the firm’s total net revenues, up from 26% in 2010. The wealth management segment’s total client assets have witnessed a five-year (2020-2025) compound annual growth rate (CAGR) of 13%, while the investment management segment’s total assets under management saw a CAGR of 19.4% over the same period. As of Dec. 31, 2025, total client assets across both segments reached $9.3 trillion, bringing the company closer to its longstanding $10-trillion asset management target set by former CEO James Gorman.
Solid Investment Banking (IB) Business: After several false starts, global mergers and acquisitions (M&As) finally witnessed a decisive upswing in the second half of 2025 amid easing regulation hopes and inflation pressures, setting the stage for a stronger 2026.
Per Dealogic, global M&As jumped 41% year over year to $4.81 trillion last year, led by a record 70 megadeals. In 2026, M&As are likely to shift from high-risk transformational deals to de-conglomeration and buy-and-build strategies. This back-to-basics focus will likely lift mid-market activity through smaller, synergy-rich add-ons and faster tech integration.
Although the IB business remains sensitive to economic uncertainty, Morgan Stanley is expected to be a winner this year against the bright industry prospects. The company’s IB revenues grew 23% year over year in 2025, riding a wave of deal-making and IPO activity. This followed a 35% jump in IB revenues in 2024 as clarity on several macroeconomic matters emerged.
Looking ahead, a healthy global IB pipeline, an active M&A market, “reopening of the IPO market,” and the company’s leadership position will help it capitalize amid the changing macro situation.
Strategic Collaborations: MS’ partnership with Mitsubishi UFJ Financial Group, Inc. MUFG will likely continue to support its profitability. In 2023, the companies announced plans to deepen their 15-year alliance by merging certain operations within their Japanese brokerage joint ventures. The new partnership saw combined Japanese equity research, sales and execution services for institutional clients at Mitsubishi UFJ Morgan Stanley Securities and Morgan Stanley MUFG Securities. Also, their equity underwriting business has been rearranged between the two brokerage units. These efforts will solidify the company’s position in Japan’s market.
This has helped Morgan Stanley achieve record equity net revenues, particularly in Asia, through outperformance in prime brokerage and derivatives, led by solid client activity amid heightened volatility. The company’s Asia region revenues grew 23% year over year to $9.42 billion in 2025.
In September 2025, Jed Finn, head of wealth management at Morgan Stanley, stated in an interview with Bloomberg that the company has collaborated with Zerohash, a cryptocurrency infrastructure provider, enabling E*TRADE clients to trade in popular cryptocurrencies starting in the first half of 2026. The initiative is expected to boost Morgan Stanley’s revenues through trading spreads, advisory fees on crypto allocations and future services, like custody and tokenization, and support client retention.
Robust Balance Sheet Position: As of Dec. 31, 2025, the company had long-term debt of $341.7 billion, with $26.2 billion expected to mature over the next 12 months. The company’s average liquidity resources were $385.9 billion as of the same date.
Morgan Stanley’s capital distribution plans have been impressive. Following the clearance of the 2025 stress test, it announced an 8% hike in quarterly dividend to $1.00 per share. It reauthorized a multi-year share repurchase program of up to $20 billion (no expiration date). The company has increased its dividend five times in the last five years, with an annualized growth rate of 17.16%.
Given a solid liquidity position and earnings strength, Morgan Stanley is expected to be able to continue with efficient capital distribution activities, thereby enhancing shareholder value.
Analyzing MS’ Price Performance
In the past six months, MS shares have gained 2.7% against the industry’s decline of 2.5%. During this period, the S&P 500 Index has rallied 3.3%.
MS has underperformed Goldman Sachs but outperformed JPMorgan in the past six months. Goldman Sachs shares have gained 4.7%, while the JPMorgan stock has declined 6.9%.
6-Month Price Performance
Image Source: Zacks Investment Research
How to Approach Morgan Stanley Stock Now?
In the near term, industry challenges might weigh on Morgan Stanley. Concerns around the private credit market, stricter capital requirements under evolving global banking regulations, and ongoing geopolitical and market volatility could pressure profitability and investor sentiment toward Morgan Stanley.
However, Morgan Stanley’s continued efforts to reduce the dependence on volatile capital markets–driven revenues by strengthening its wealth management and investment management businesses will continue to support growth in the long run because these segments generate more stable, recurring fee income.
Gradually declining interest rates are expected to support client activity across advisory, deal-making and capital-raising businesses, which would likely benefit the company’s overall revenue momentum. MS’ solid balance sheet and strong capital position further provide flexibility to invest in growth initiatives, pursue strategic opportunities and return capital to shareholders.
The company continues to enjoy favorable analyst sentiment, reflecting confidence in its diversified business model and long-term growth prospects. Over the past 60 days, the Zacks Consensus Estimate for Morgan Stanley’s 2026 and 2027 earnings has been revised upward. The 2026 earnings estimate of $11.09 indicates a rise of 8.6% from that reported in the previous year. The 2027 estimate of $11.87 suggests year-over-year growth of 7%.
Earnings Estimate Revision
Image Source: Zacks Investment Research
Morgan Stanley’s premium valuation seems justified by its business transformation and strong earnings stability. With multiple growth levers in place, including expansion in fee-based businesses, disciplined cost management and strategic investments, the company appears well-positioned to sustain financial performance and deliver stable revenue growth over the long term, making it an attractive investment option now.
Currently, Morgan Stanley carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Should You Invest in Morgan Stanley Despite Its Premium Valuation?

The Goldman Sachs Group, Inc. GS shares have jumped 53.5% in 2025, outperforming the industry’s growth of 37.1%, and its peers JPMorgan JPM and Morgan Stanley’s MS rallies of 34.4% and 41.2%, respectively.
Price Performance
Image Source: Zacks Investment Research
After such a strong rally, investors are now asking an important question: Should they hold the stock for further upside or lock in profits?
To answer that, let us examine the key growth drivers and risks shaping Goldman’s 2026 outlook.
Factors Impacting Goldman’s Performance
Investment Banking Rebound Driving Momentum: Given the industry-wide turnaround in the investment banking (IB) business, Goldman’s performance has been impressive. The company’s IB revenues rose 21% year over year in 2025, riding a wave of deal-making and initial public offering (IPO) activity.
Going ahead, a healthy global IB pipeline, an active merger and acquisition (M&A) market, “reopening of the IPO market,” and the company’s leadership position will aid it amid the changing macro situation.
Against this backdrop, GS stands out as a key beneficiary. Management projects an even stronger M&A environment in 2026, provided macroeconomic conditions remain stable. The company has seen high levels of client engagement across its IB business, and expects the activity to accelerate in 2026. With the IB backlog at a four-year high and the company’s leadership position in IB, Goldman is well-positioned to benefit in the upcoming period. Similarly, JPMorgan and Morgan Stanley are expected to record solid IB income growth this year as the industry-wide backdrop turns favorable.
Strategic Streamlining Is Paying Off: The company’s streamlining efforts have been underway for some time as it retreats from the underperforming consumer banking ventures. Under CEO David Solomon, the company has embarked on a deliberate transformation to exit non-core consumer banking and double down on the divisions where Goldman maintains a clear competitive advantage.
In sync with its restructuring efforts, in January 2026, Goldman signed an agreement to transition the Apple Card program and associated accounts to JPMorgan. In December 2025, Goldman entered an agreement to acquire Innovator Capital Management. The deal significantly expands Goldman’s active ETF capabilities and is part of a broader pivot toward building “durable revenue streams” through diversified asset management and wealth-management offerings. In November 2025, Goldman reached an agreement with ING Bank Slaski to divest its Polish asset management firm, TFI. The deal is targeted for completion in the first half of 2026. In the third quarter of 2025, Goldman completed the sale of its GM credit card business to Barclays.
In 2024, Goldman completed the sale of GreenSky. In 2023, it sold its Personal Financial Management unit to Creative Planning and also sold all of Marcus’s loan portfolio, part of its broader retreat from consumer banking.
These moves demonstrate a well-thought-out exit, allowing the company to reallocate capital and attention toward higher-margin, more scalable businesses like Global Banking and Markets and the asset and wealth management (AWM) divisions. The benefits of business restructuring began to show in the numbers. The Global Banking and Markets segment’s net revenues rose 18% year over year in 2025, whereas the AWM division’s net revenues rose 2%, reflecting growing fee income and strength in private credit. AWM division’s scale continues to expand. Total assets under supervision rose to a record $3.61 trillion in 2025.
Scaling AI to Transform Business: GS is executing a firmwide artificial intelligence (AI) transformation that spans trading, investment banking, asset management and internal productivity, with a clear objective to lift fee income and expand operating leverage over the coming years. At the center of this effort are the “One Goldman Sachs 3.0 (OneGS 3.0)” transformation and the “GS AI Assistant” program, both designed to embed generative and predictive AI into nearly every major workflow across the firm.
Management described OneGS 3.0 as a multi-year overhaul that embeds AI as a core operating capability rather than a standalone tool. The initiative focuses on simplifying processes, boosting productivity and enabling scalable growth, supported by high-quality data, shared platforms and modern infrastructure.
In parallel, the firm is reshaping its front-office strategy, recently reorganizing its TMT investment banking division to sharpen its focus on AI-related deal-making, including digital infrastructure, semiconductors, connectivity and core software, in response to evolving client demand.
Beyond operations and advisory, Goldman’s AI push is reshaping its revenue mix toward higher-fee, data-driven businesses and away from more balance-sheet-intensive activities. The planned acquisition of Industry Ventures reflects this shift, as Goldman looks to apply advanced analytics and AI to improve valuation, risk assessment and portfolio construction in private markets.
Overall, AI is emerging as a long-term growth engine for the firm, strengthening operating leverage, deepening client relevance and reinforcing Goldman’s competitive positioning.
Betting Big on Private Equity to Aid Growth: The company is aggressively expanding its private equity and alternatives business throug acquisitions, platform enhancements and the integration of new investment capabilities, which will likely support its growth over the long run.
In sync with this, in January 2026, Goldman acquired Industry Ventures, a leading venture capital platform that invests across all stages of the venture capital lifecycle. The acquisition underscores Goldman’s intent to strengthen its position in private markets and expand access to high-growth technology companies for clients globally.
In September 2025, GS partnered with T. Rowe Price in a $1-billion deal to co-develop retirement and wealth products. Later, the firms expanded the partnership to roll out alternative investment offerings for wealthy clients in 2025 and retirement savers in 2026. In January 2025, the company launched initiatives to grow private credit and other asset classes, including forming the Capital Solutions Group and expanding its alternatives team.
Goldman is expanding its private equity credit services internationally, focusing on Europe, the U.K. and Asia. Private banking and lending revenues reached record levels in 2025. Management expects high-single-digit annual growth in private banking and lending revenues over time, supported by international expansion, deeper integration with alternatives and continued focus on capital-light, client-driven lending solutions.
Private lending remains a key contributor to the firm’s target of improving AWM margins and returns over the medium term. The company's AWM unit intends to expand its private credit portfolio to $300 billion by 2029.
However, concerns in the private credit market could create risks for Goldman, especially if economic conditions weaken and borrowing costs stay high. Because private credit often funds middle-market companies, rising defaults or refinancing difficulties could lead to write-downs and lower returns on Goldman’s lending investments. In addition, investor caution toward the sector could slow fundraising and deal activity, potentially pressuring the firm’s asset management business growth in the near term.
Robust Liquidity Aids Capital Distribution: GS maintains a fortress balance sheet, with the Tier 1 capital ratios well above regulatory requirements. This financial strength allows it to return capital to shareholders aggressively through buybacks and a healthy dividend yield.
As of Dec. 31, 2025, Wells Fargo’s long-term debt was $174.7 billion. However, short-term borrowings were $251 billion. The company has a strong liquidity position, with a liquidity coverage ratio of 119% as of Dec. 31, 2025, which has exceeded its regulatory minimum of 100%. Its liquid assets (including cash and due from banks, as well as interest-earning deposits with banks) totaled $174.2 billion as of the same date.
Given its strong liquidity, the company rewards its shareholders handsomely. In January 2026, the company increased the quarterly dividend 12.5% to $4.50 per common share. In the past five years, the company has hiked dividends six times, with an annualized growth rate of 20.8%. Currently, it has a dividend yield of 2.2%.
JPMorgan raised its dividends six times over the past five years and offers a dividend yield of 2.1%. Morgan Stanley has raised its dividends five times over the past five years and has a dividend yield of 2.5%.
Additionally, Goldman has a share repurchase plan in place. In April 2025, its board of directors authorized an additional $40-billion share repurchase program, following the $30-billion authorization announced in July 2023. As of Dec. 31, 2025, the company had remaining authority to repurchase up to $29.7 billion of common stock.
Goldman’s Earnings Prospects & Valuation Analysis
Analysts are bullish on GS. Over the past 60 days, the Zacks Consensus Estimate for 2026 and 2027 earnings has been revised upward. The Zacks Consensus Estimate for Goldman’s 2026 and 2027 earnings implies year-over-year growth of 10.3% and 10.7%, respectively.
Estimate Revision Trend
Image Source: Zacks Investment Research
In terms of valuation, the GS stock looks expensive compared with the industry. The stock is trading at a forward price/earnings (P/E) of 14.26X above the industry average of 12.94X. Its peers, JPMorgan and Morgan Stanley, have forward P/E multiples of 13.04X and 14.31X, respectively.
P/E F12M
Image Source: Zacks Investment Research
Final Thoughts on GS Stock
Despite its strong rally in 2025, the long-term investment case for Goldman remains compelling. The company is benefiting from a rebound in IB activity, strong momentum in M&A and IPO markets, and a strategic shift toward higher-margin businesses, such as asset and wealth management.
Several structural drivers could support continued growth. Goldman’s expanding private credit and alternatives platform, growing assets under supervision, and firmwide AI transformation through initiatives like OneGS 3.0 position the bank to improve efficiency, enhance client offerings and generate higher fee-based revenues. At the same time, a strong capital base, impressive dividend yield and an active share-repurchase program provide additional support for shareholder returns.
While the stock now trades slightly above the industry average valuation and risks remain tied to macroeconomic uncertainty or private-credit market stress, Goldman’s leadership in global investment banking and strengthening diversified revenue streams suggest it is well-equipped to sustain earnings growth.
Hence, the GS stock still appears to be a solid buy for investors seeking healthy long-term returns.
At present, GS carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $971 billion by 2028.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Is Goldman Stock Still Worth Buying After 53.5% Rally in 2025?

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about JPMorgan Chase & Co. (JPM).
JPMorgan Chase & Co. currently has an average brokerage recommendation (ABR) of 2.00, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 22 brokerage firms. An ABR of 2.00 indicates Buy.
Of the 22 recommendations that derive the current ABR, 11 are Strong Buy and two are Buy. Strong Buy and Buy respectively account for 50% and 9.1% of all recommendations.
Brokerage Recommendation Trends for JPM
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The ABR suggests buying JPMorgan Chase & Co., but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation.
Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations.
In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement.
With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near -term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision.
Zacks Rank Should Not Be Confused With ABR
In spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.
Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
Analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations. Since the ratings issued by these analysts are more favorable than their research would support because of the vested interest of their employers, they mislead investors far more often than they guide.
In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research.
Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns.
Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.
Is JPM a Good Investment?
Looking at the earnings estimate revisions for JPMorgan Chase & Co., the Zacks Consensus Estimate for the current year has remained unchanged over the past month at $17.62.
Analysts' steady views regarding the company's earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for JPMorgan Chase & Co. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
It may therefore be prudent to be a little cautious with the Buy-equivalent ABR for JPMorgan Chase & Co.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

JPMorgan Chase & Co. (JPM) Is Considered a Good Investment by Brokers: Is That True?

JPMorgan’s JPM decision to mark down some private-credit loans is sharpening a market debate that had already been building: whether the fast-growing asset class is finally being forced into more realistic price discovery.
The latest development concerning private credit markets was first reported by the Financial Times. JPMorgan has reduced the value of certain loans held as collateral by private-credit groups, particularly software-related exposures, and is accordingly limiting how much it will lend against those assets. The move underscores how banks are becoming more cautious about the quality and liquidity of private loans as pressure mounts on sectors seen as vulnerable to artificial-intelligence (AI) disruption and weaker economic conditions.
For years, private credit has attracted investors with promises of stable valuations, steady income and insulation from the volatility of public markets. But recent events are reviving an old concern: valuations in private markets can look smoother largely because assets are not marked continuously. When a major bank like JPMorgan trims collateral values, it suggests that at least some loan books may not be worth what managers had implied only months earlier.
The pressure is already spreading across the alternative-asset spectrum. BlackRock BLK recently limited withdrawals from a flagship private-credit fund after redemptions surged. Blackstone BX announced a rise in its redemption cap from 5% to 7% after facing a jump in investor requests. This highlights how quickly confidence can be tested when investors want cash back at the same time.
Publicly traded firms tied to the theme, including Blue Owl Capital OWL and Apollo Global Management APO, have also been caught in the downdraft. Last month, Blue Owl Capital moved to restrict investor withdrawals from one of its retail-focused funds amid mounting scrutiny of software-heavy loan exposure, while Apollo Global is moving to value some private-credit holdings daily, a sign that transparency has become a competitive issue as skepticism grows. Blackstone and BlackRock, meanwhile, remain in the spotlight because their scale makes them key barometers of investor confidence in the sector.
JPMorgan’s markdowns do not prove private credit is headed for a full-blown crisis. But they do signal that the era of easy assumptions around valuation, liquidity and underwriting may be ending. Hence, the bank’s move is not just a one-off adjustment, but a warning for the whole industry.
Zacks Names #1 Semiconductor Stock
This under-the-radar company specializes in semiconductor products that titans like NVIDIA don't build. It's uniquely positioned to take advantage of the next growth stage of this market. And it's just beginning to enter the spotlight, which is exactly where you want to be.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $971 billion by 2028.
See This Stock Now for Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

JP Morgan Chase & Co.

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