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JPMorgan Chase & Co (JPM)

Fair Value
Financial ServicesBanks - DiversifiedUnited States

Fundamental

60

Price

$331.58

Market Cap

$890.13B

Part 1 · What the company is worth

Overview

JPMorgan Chase & Co. operates as a bank and financial holding company in the United States, rest of North America, Europe, the Middle East, Africa, the Asia Pacific, Latin America, and the Caribbean. It operates in three segments: Consumer & Community Banking, Commercial & Investment Bank, and Asset & Wealth Management. The company offers deposit, investment and lending products, and cash management; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, payment solutions, travel services, merchant offers, lifestyle benefits, auto loans, and leases to consumers and small businesses through bank branches, ATMs, and digital and telephone banking. It also provides investment banking, market-making, financing, custody, and securities products and services; corporate strategy and structure advisory, equity and debt market capital-raising, and loan origination and syndication services; cash and derivative instruments, risk management solutions, prime brokerage, clearing, and research; and fund services, liquidity and trading services, and data solutions products for large corporations, financial institutions, merchants, start-ups, small and midsized companies, local governments, municipalities, nonprofits, and commercial real estate clients. In addition, the company offers multi-asset investment management solutions in equities, fixed income, alternatives, and money market funds to institutional clients and retail investors; retirement products and services, estate planning, lending, deposits, and investment management products to high-net-worth clients; and financial transaction processing. JPMorgan Chase & Co. was founded in 1799 and is headquartered in New York, New York.

No editorial profile for this company yet

Direct competitors

Who this company fights with for the same customers

Compare

Generated with artificial intelligence on September 19, 2026, shared with all users

P/E: 11.6Score: 69Market cap: $355.09B

The closest like-for-like rival: the second-largest US bank by assets competes with Chase in retail branches, credit cards, mortgages, corporate lending and investment banking for essentially the same American households and corporations.

P/E: 17.3Score: 74Market cap: $216.65B

Competes head-on for multinational corporate clients in cash management, trade finance and markets trading, and is the other big US issuer of credit cards on a global footprint.

P/E: 12.0Score: 67Market cap: $249.24B

The main domestic competitor on the consumer and small-business side, fighting for the same US deposits, mortgages, auto loans and middle-market commercial relationships.

P/E: 13.5Score: 69Market cap: $263.43B

Direct rival to J.P. Morgan's investment bank: the two consistently trade the top spots in M&A advisory, equity and debt underwriting and institutional trading fees.

P/E: 14.5Score: 70Market cap: $293.71B

Competes for the same institutional trading flows and, above all, for wealthy clients and their advisors in asset and wealth management.

HSBC Holdings plcHSBC

The principal non-US rival for cross-border corporate banking, payments and trade finance, serving the same multinational treasurers in Europe and Asia.

Balance Sheet & Liquidity

Revenue

$199.41B

Trailing 12 months (through 6/30/2026)

Net Income

$65.07B

Trailing 12 months (through 6/30/2026)

Free Cash Flow

-

Total Equity

$362.44B

Total Liabilities

$4.06T

Current Ratio

-

Interest Coverage

0.84

Debt/EBITDA

-

Earnings Per Share

Revenue & Net Income

Free Cash Flow

Income Breakdown

Historical statement

Margins over time

Debt over time

Growth grid

Growth — Revenue

Fair Value Estimation

BankFairly Valued

Fair Value

$289.44

Current Price

$331.58

Margin of Safety

-14.6%

Fair Value Range

$200.71 - $378.18

Spread across the valuation methods used, not a statistically calibrated confidence interval.

Estimation Methods

Analyst price target:$372.57
Discounted cash flow (DCF):Not applicable to this type of company
Earnings multiple (P/E):$323.60
Graham growth formula:Not applicable to this type of company
Earnings power value (EPV):Not applicable to this type of company
Justified P/B:$301.14
Dividend discount (Gordon):$101.37
P/FFO, funds from operations:Not applicable to this type of company
Mid-cycle earnings:Not applicable to this type of company
Revenue multiple:Not applicable to this type of company
Last Earnings Surprise:-6.51%

Valuation Metrics

P/E Ratio

14.20

ROE

15.7%

P/B Ratio

2.35

P/FCF

-

Gross Margin

-

ROIC

-

Profitability Radar

Value Creation (Economic Moat)

ROIC

-

WACC

11.6%

ROIC − WACC

-

Fundamental Analysis Criteria

Passed (11)

  • EPS shows upward trend
  • EPS CAGR 8.88%
  • Price CAGR 14.54%
  • P/B ratio 2.35
  • Operating margin 42.1%
  • Low reliance on intangibles
  • ROE 17.9%
  • Revenue growth 5Y 7.7%
  • PEG ratio 0.80
  • Share dilution -3.7%
  • Net margin trend 32.6% vs 32.2%

Failed (8)

  • Debt/equity ratio
  • Interest coverage
  • Return on tangible assets
  • Price below Graham Number
  • DCF valuation (Unknown)
  • Earnings surprise, average 2.2%
  • Earnings quality (operating cash flow / net income) -2.50
  • Piotroski F-Score 2/9

Unavailable (8)

  • ROIC –
  • Gross margin –
  • P/FCF –
  • Dividend payout –
  • Positive free cash flow
  • CapEx intensity
  • Current ratio
  • Debt/EBITDA

Piotroski F-Score

2/9

Serious financial concerns

ROA > 0
Operating cash flow > 0
ΔROA > 0
Cash flow > net income
Leverage ↓
Current ratio ↑
No dilution
Gross margin ↑
Asset turnover ↑

Earnings Quality

-2.50

Low quality: investigate accounting

Share Dilution

-3.7%

Buying back shares. Shareholder friendly

Institutional Holdings

Governance

Executive Team

NameTitleAge
Mr. James DimonChairman & CEO69
Mr. Douglas B. PetnoCEO of the Commercial & Investment Bank and Co-President59
Mr. Troy Larry RohrbaughCEO of Consumer & Community Banking and Co-President55
Mr. Jeremy BarnumExecutive VP & CFO52
Ms. Mary Callahan ErdoesChief Executive Officer of Asset & Wealth Management and Executive VP58
Mr. Daniel Eduardo PintoVice Chairman62
Mr. Todd Anthony Combs M.B.A.Head Strategic Investment Group of Security & Resiliency Initiative54
Ms. Jennifer A. PiepszakChief Operating Officer54
Ms. Elena A. KorablinaMD, Firmwide Controller & Principal Accounting Officer51
Ms. Lori Ann BeerGlobal Chief Information Officer57

Audit Risk

6

Board Risk

6

Compensation Risk

4

Shareholder Rights Risk

3

Documents

  • Annual Report (10-K)

    A yearly overview of the business, its financial results, and the risks it faces.

    Filed on 2026-02-13

    View document
  • Quarterly Report (10-Q)

    A snapshot of financial performance for the most recent three-month period.

    Filed on 2026-08-06

    View document
  • Current Report (8-K)

    An announcement of a major event, such as a leadership change or big news.

    Filed on 2026-10-20

    View document

via SEC EDGAR

Income History

via SEC EDGAR

Part 2 · The price and its context

This part shows how the price has behaved, not whether the company is worth owning. Inside: technical analysis, potential, historical drawdowns, gamma exposure.

Market Reaction Profile

How much JPM moves, measured on its daily prices.

VolatilityLow

More volatile than 4% of the tracked stocks (90-day volatility).

Volatility 30d
17.3%
Volatility 90d
18.3%
Beta vs S&P 500 (1y)
0.73Correlation 0.42
Max drawdown (12m)
-15.5%
ATR (14d, % of price)
1.91%

Earnings reactions

How JPM moved around its past quarterly results.

Next earnings release

Jan 14, 2027 · In 82 days · Before the open

EPS estimate: 5.90Revenue estimate: $51.1B

What usually happens

  • Over the last 12 releases the stock moved a median of 1.9% the next day, up or down.
  • Next-day moves: up 4, down 8 (out of 12).
  • Of the 4 releases that beat estimates, the stock fell the next day after 3.

Release history

DateWhen EPS est.EPS actualSurprise Gap 1 day5 days
Oct 13, 2026Before the open5.945.57-6.3% +1.7% -0.9% +0.2%
Jul 14, 2026During the session5.916.14+4.0% -2.3% +2.5% +1.3%
Apr 14, 2026During the session5.505.94+8.0% -1.2% -0.8% +1.1%
Jan 13, 2026During the session5.055.23+3.5% -0.1% -4.2% -6.7%
Oct 14, 2025During the session4.885.07+3.8% -0.7% -1.9% -1.8%
Jul 15, 2025During the sessionn/an/an/a-0.2% -0.7% +0.8%
Apr 11, 2025During the sessionn/an/an/a-0.4% +4.0% +2.1%
Jan 15, 2025During the sessionn/an/an/a+1.2% +2.0% +6.2%
Oct 11, 2024During the sessionn/an/an/a+1.3% +4.4% +5.4%
Jul 12, 2024During the sessionn/an/an/a-1.7% -1.2% +1.2%
Apr 12, 2024During the sessionn/an/an/a-3.6% -6.5% -7.3%
Jan 12, 2024During the sessionn/an/an/a+2.1% -0.7% 0.0%

Release dates from SEC 8-K filings.

Updated 10/24/2026

Historical statistics for educational purposes only. They are not forecasts and not investment advice.

Price reaction to the news

Latest news on JPM and what the price did next.

Return of the stock minus return of SPY over the same days. A news item close to a price move did not necessarily cause it. Historical data for educational purposes only, not investment advice.

Latest News

Recent headlines for JPM.

  • 23h agoPOSITIVE
    JPMorgan Expands Tokenized Money Market Funds To Solana

    J.P. Morgan Asset Management has expanded access to its tokenized money market funds, MONY and JLTXX, enabling qualified U.S. investors to trade them on the Solana blockchain via its Morgan Money platform. This move signifies a significant step in integrating traditional finance with decentralized ledger technology, potentially enhancing liquidity and accessibility for institutional investors in digital asset markets. The expansion into Solana demonstrates a growing acceptance of blockchain technology for financial products and could pave the way for further innovation in tokenized asset management.

  • 3d agoNEGATIVE
    JPMorgan’s Turkey Securities Unit Plans to Cease Operations

    JPMorgan Chase & Co.'s securities unit in Turkey has announced plans to cease operations within the country. This move signals a strategic withdrawal from the Turkish market, potentially due to regulatory challenges, economic instability, or a reassessment of the unit's profitability. Investors will monitor the financial impact of this exit on JPMorgan's overall earnings and its exposure to emerging markets. The decision may also reflect broader sentiment among international financial institutions regarding the Turkish economic landscape.

  • 3d agoPOSITIVE
    Jamie Dimon spent years warning about America’s reliance on China. A year in, JPMorgan has put $230 billion behind fixing it

    JPMorgan Chase CEO Jamie Dimon's 10-year, $1.5 trillion Security and Resiliency Initiative is making significant strides, with the firm having already committed $230 billion towards strengthening economic and national security. This substantial investment underscores a strategic pivot to reduce reliance on China and bolster domestic capabilities. The initiative focuses on building resilient supply chains and fostering economic independence. For investors, this demonstrates JPMorgan's long-term strategic vision and commitment to investing in critical infrastructure, potentially leading to sustained growth and market leadership.

  • 6d agoPOSITIVE
    JPMorgan porta token di deposito su Ethereum

    JPMorgan Chase has launched its own deposit token on the Ethereum blockchain, marking a significant step in the financial institution's adoption of blockchain-based payment systems. This move indicates a growing commitment by major banks to leverage distributed ledger technology for enhanced transaction efficiency and security. The token's deployment on Ethereum suggests an effort to tap into the existing infrastructure and developer community of one of the leading smart contract platforms. For investors, this development signals JPMorgan's proactive engagement with digital asset innovation, potentially leading to new revenue streams and operational improvements.

  • 9d agoNEUTRAL
    ‘You don’t want rogue agents’: Jamie Dimon bars outside AI agents like Meta’s Muse from JPMorgan accounts

    JPMorgan Chase CEO Jamie Dimon has prohibited the use of external AI agents, such as Meta's Muse, from accessing customer accounts, citing security risks from 'rogue agents'. This move comes in response to recent incidents where AI agents have exhibited unpredictable or harmful behavior. While the bank is actively developing its own AI capabilities, Dimon's stance highlights a cautious approach to integrating third-party AI in sensitive financial operations. Investors may view this as a prudent risk management strategy, prioritizing security over the potential efficiencies of external AI tools.

  • 10d agoNEUTRAL
    Wall Street’s big banks deliver mixed earnings. Executives bet the IPO lull won’t last

    JPMorgan Chase & Co. reported earnings that missed analyst expectations for the first time in almost three years, contributing to a broader trend of mixed results among major US banks. This development signals potential headwinds for the financial sector, although executives express optimism that the current slowdown in Initial Public Offerings (IPOs) is temporary. Investors will be closely monitoring future earnings reports and market conditions for signs of recovery and a potential rebound in IPO activity, which is a key revenue driver for investment banks.

  • 11d agoPOSITIVE
    Breaking Down Big Bank Earnings

    JPMorgan Chase & Co., alongside Citigroup Inc. and Wells Fargo & Co., reported record earnings from lending activities on Tuesday. This performance highlights the resilience and profitability of major US banking institutions, even amidst evolving economic conditions. The collective success suggests a robust lending environment and effective risk management by these financial giants. Investors can interpret this as a sign of strength in the banking sector, potentially leading to increased confidence and positive sentiment towards these large-cap financial stocks.