JPM
NYSE · USDJPMorgan Chase & Co.
Financial Services · Banks - Diversified
CEO Jamie Dimon
Employees 318,512
R&D / revenue 0.0%
Last price
$339.72+1.25%last session
Market cap
$903.0B
P/E (TTM)
14.2x
From 52w high
−7.3%
From 52w low
+21.7%
1-year return
+13.8%
RSI 14 · vs SMA200
51.8 · +5.5%
IS score
54.3/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)
One year, rebased to 100
JPM SPY XLF (sector ETF) · weekly closesScore DNA
Each bar is a 0-100 score within the scored universe76Profitability
57Growth
71Value
84Momentum
100Risk (safety)
66Quality
47Balance sheet
74Earnings quality
Flags
Strengths
✓ Piotroski 8+✓ Net cash✓ Congress buying
Warnings
None of the computed warning flags fires for JPM (Altman, Beneish, accruals, FCF, dilution).
Observations
Moat model: Narrow, Network EffectsPiotroski 8 / 9Beta 0.973 of 4 smart-money sources active
Smart-money strip
Each disclosure source on its own window. Filings coinciding is not coordination.INSForm 4 · 180 days
Insider open-market buys
0
11 open-market sales, $15.5M
No Form 144 notices in 12 months
CONGSTOCK Act · 180 days
Congressional purchases
6
Last disclosed purchase 2026-08-05
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
+65
240 new holders, 113 closed
5,107 filers hold 73.8% · 2,254 added, 2,089 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+221
1,477 funds adding shares
1,256 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
38.8%
20-day avg 38.6%, 50-day avg 44.5%
Latest 0.2 pp over its 20-day average · a flow, not short interest
Key financials · FY2025
USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.Income statement
Revenue$279.7B
Revenue growth YoY+3.3%
Gross margin59.9%
Operating income$72.6B
Operating margin26.0%
Net income$57.0B
Net margin20.4%
EPS (diluted)$20.05
Cash flow
Operating cash flow$100.9B
Capital expenditure$0
Free cash flow$100.9B
FCF conversion (FCF / OCF)100.0%
Stock-based compensation$0
FCF less SBC$100.9B
Buybacks$34.6B
Dividends$16.6B
Balance sheet & returns
Cash & short-term investments$850.5B
Total debt$500.0B
Net cash$350.6B
Shareholders' equity$362.4B
Goodwill & intangibles$64.5B
Debt / equity3.32
ROE (TTM)17.9%
ROIC (TTM)3.3%
Operating margin by fiscal year
Revenue $127.2B (FY2021) to $279.7B (FY2025), a 21.8% CAGR.
Valuation
P/E (TTM)14.2x
EV / EBITDA19.6x
Price / sales2.99x
Price / FCFn/m
FCF yield-12.99%
Buyback yield3.83%
SBC / revenue0.0%
Price / book2.44x
Forward P/E FY202613.7x
Forward P/E FY202713.3x
Forward P/E FY202812.3x
Forward multiples divide today's price by Street EPS estimates. Street mean target $380.78 across 9 analysts last quarter is theirs, not ours.
JPM vs industry median
44 companies in Banks - Diversified
JPM (TTM)Industry median
Asset turnover 0.06 vs industry 0.05 · financial leverage 13.67
Earnings delivery
Next report 2027-01-14 · consensus EPS $5.9275%
beat rate, 9 of 12 quarters
+9.0%
median EPS surprise
5
longest beat streak
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2024-01-12 to 2026-10-13. Bars cap at ±60%.
Peers
Market-cap band, not the industry cohort above| Company | Mkt cap | P/E | ROE | Net margin | Rev growth | 12m return |
|---|---|---|---|---|---|---|
| JPM JPMorgan Chase & Co. | $903.0B | 14.2x | 17.9% | 21.9% | +3.3% | +13.8% |
| BAC Bank of America Corporation | $358.2B | 12.0x | 11.2% | 18.4% | +3.0% | +2.1% |
| HSBC HSBC Holdings plc | $324.6B | 13.5x | 13.8% | 23.2% | +8.7% | +44.1% |
| WFC Wells Fargo & Company | $253.6B | 11.6x | 12.5% | 19.1% | +5.5% | +0.4% |
| C Citigroup Inc. | $208.4B | 12.0x | 8.4% | 12.9% | +3.9% | +31.8% |
| UBS UBS Group AG | $146.0B | 16.1x | 9.6% | 15.6% | +1.4% | — |
| V Visa Inc. | $751.7B | 34.2x | 61.2% | 48.4% | +14.4% | — |
| MA Mastercard Incorporated | $540.9B | 33.9x | 241.1% | 47.3% | +16.0% | — |
12-month window: SPY +15.9%, sector ETF XLF +7.2%. Past returns describe history only.
Recent 8-K filings
No 8-K filings on file.
Context
Shares outstanding2,658,190,000
Free float99.6%
Institutional ownership73.8%
Beta0.97
Dividend yield1.81%
Last dividend$1.65 on 2026-10-06
50 / 200-day average$348.45 / $322.29
Mega-cap Financial Services median P/E14.6x
Full factsheet
The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Narrow).
Read it in the browser Download (PDF)All fundamentals · 140 measures in 13 categories
Percentile = where JPM sits among 6 scored companies in Banks - Diversified (0 = lowest value, 100 = highest). It is a position, not a grade. Balance-sheet ratios built for operating companies are n/a for lenders and insurers.ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)
Valuation
| Measure | JPM | Industry percentile |
|---|---|---|
| P/E (TTM) | 13.9x | 80th |
| PEG (P/E ÷ 3-yr EPS CAGR) | 0.98 | 40th |
| Price / sales | 3.0x | 100th |
| Price / book | 2.4x | 100th |
| Price / tangible book | 2.8x | 100th |
| Price / free cash flow | n/a | |
| Price / operating cash flow | n/a | |
| Enterprise value | n/a | |
| EV / sales | n/a | |
| EV / EBITDA | n/a | |
| EV / EBIT | n/a | |
| EV / free cash flow | n/a | |
| Earnings yield | 7.2% | 20th |
| FCF yield | n/a | |
| Operating cash flow yield | n/a | |
| Graham number (per share) | $274.87 | 100th |
Profitability (TTM)
| Measure | JPM | Industry percentile |
|---|---|---|
| Gross margin | n/a | |
| EBITDA margin | n/a | |
| Operating margin | 28.2% | 100th |
| EBIT margin | 28.2% | 100th |
| Net margin | 21.9% | 100th |
| NOPAT margin | 21.9% | 100th |
| FCF margin | n/a | |
| Operating cash flow margin | n/a | |
| R&D / revenue | 0.0% | 0th |
| SG&A / revenue | 24.3% | 40th |
| Stock comp / revenue | 0.0% | 0th |
| Effective tax rate | 22.4% | 40th |
Returns on capital
| Measure | JPM | Industry percentile |
|---|---|---|
| ROE (on average equity) | 17.8% | 100th |
| ROA | 1.4% | 100th |
| ROIC | n/a | |
| ROCE | n/a | |
| Return on tangible assets | 1.8% | 100th |
| Cash ROIC (OCF / invested capital) | n/a | |
| Gross profitability (GP / assets) | n/a | |
| ROIC, 3-yr average | n/a | |
| ROIC, 5-yr average | n/a | |
| ROE, 5-yr average | 15.6% | 100th |
| Incremental ROIC | n/a |
Growth
| Measure | JPM | Industry percentile |
|---|---|---|
| Revenue growth (TTM YoY) | 8.0% | 80th |
| Revenue growth (QoQ) | 11.9% | 100th |
| Revenue CAGR, 3 yr | 13.9% | 60th |
| Revenue CAGR, 5 yr | 18.6% | 100th |
| Gross profit CAGR, 3 yr | n/a | |
| Operating income CAGR, 3 yr | 12.6% | 60th |
| Net income growth (TTM YoY) | 15.1% | 20th |
| Net income CAGR, 3 yr | 10.8% | 80th |
| EPS growth (TTM YoY) | 19.3% | 20th |
| EPS CAGR, 3 yr | 14.2% | 60th |
| EPS CAGR, 5 yr | 9.0% | 60th |
| FCF growth (TTM YoY) | n/a | |
| FCF CAGR, 3 yr | n/a | |
| Operating cash flow CAGR, 3 yr | n/a | |
| Book value CAGR, 3 yr | 9.5% | 100th |
| Dividend CAGR, 3 yr | 6.8% | 80th |
| Sustainable growth rate | 13.1% | 100th |
Margin history & stability
| Measure | JPM | Industry percentile |
|---|---|---|
| Gross margin, 3-yr average | n/a | |
| Operating margin, 3-yr average | 26.9% | 80th |
| Net margin, 3-yr average | 21.1% | 80th |
| FCF margin, 3-yr average | n/a | |
| Revenue stability (0-1) | 0.97 | 100th |
| Earnings stability (0-1) | 0.75 | 80th |
| Margin stability (0-1) | 0.74 | 60th |
Liquidity (latest quarter)
| Measure | JPM | Industry percentile |
|---|---|---|
| Cash & short-term investments | n/a | |
| Net cash (− = net debt) | n/a | |
| Working capital | n/a | |
| Current ratio | n/a | |
| Quick ratio | n/a | |
| Cash ratio (cash + ST investments / current liabilities) | n/a | |
| Defensive interval (days) | n/a |
Leverage & solvency (latest quarter)
| Measure | JPM | Industry percentile |
|---|---|---|
| Total debt | n/a | |
| Debt / equity | n/a | |
| Net debt / equity | n/a | |
| Debt / assets | n/a | |
| Debt / capital | n/a | |
| Debt / EBITDA | n/a | |
| Net debt / EBITDA | n/a | |
| Interest coverage (EBIT / interest) | n/a | |
| Cash interest coverage | n/a | |
| Debt payback (years of OCF) | n/a | |
| Liabilities / assets | 92.5% | 40th |
| IS credit model rating | A | |
| Implied credit spread (bps) | 150 | 0th |
Efficiency
| Measure | JPM | Industry percentile |
|---|---|---|
| Asset turnover | n/a | |
| Fixed asset turnover | n/a | |
| Inventory turnover | n/a | |
| Receivables turnover | n/a | |
| Days sales outstanding | n/a | |
| Days inventory outstanding | n/a | |
| Days payables outstanding | n/a | |
| Cash conversion cycle (days) | n/a | |
| Capex / revenue | n/a | |
| Capex / depreciation | n/a | |
| Operating expense ratio | n/a |
Cash flow & earnings quality
| Measure | JPM | Industry percentile |
|---|---|---|
| Operating cash flow / net income | n/a | |
| FCF / net income | n/a | |
| FCF / operating cash flow | n/a | |
| Capex / operating cash flow | n/a | |
| Accruals ratio | n/a | |
| Sloan accruals ratio | n/a | |
| Earnings quality score (0-1) | n/a |
Scores & forensic checks
| Measure | JPM | Industry percentile |
|---|---|---|
| IS score | 54 | 60th |
| IS profitability | 76 | 100th |
| IS growth | 57 | 40th |
| IS value | 71 | 20th |
| IS momentum | 84 | 80th |
| IS risk (safety) | 100 | 80th |
| IS quality | 66 | 60th |
| IS balance sheet | 47 | 80th |
| IS earnings quality | 74 | 40th |
| IS cash flow | 71 | 80th |
| Piotroski F-score (0-9) | 8 | 80th |
| Altman Z-score | — | |
| Beneish M-score | — | |
| Ohlson O-score | −7.48 | 0th |
| IS credit score | 75 | 100th |
Size (TTM)
| Measure | JPM | Industry percentile |
|---|---|---|
| Market cap | $903.0B | 100th |
| Revenue | $297.6B | 100th |
| EBITDA | $93.2B | 100th |
| Net income | $65.1B | 100th |
| Free cash flow | n/a | |
| Total assets | $5.02T | 100th |
| Shareholders' equity | $374.6B | 100th |
| Employees | 320,560 | 100th |
Insider transactions, last 6 months
Form 4 · most recent 12| Date | Insider | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|
| 2026-10-14 | Burke Stephen B Director |
Gift | 30,000 | — | — | 179,167 |
| 2026-09-30 | Novakovic Phebe N Director |
Award / grant | 121 | $330.83 | $40,000 | 13,762 |
| 2026-09-30 | Rometty Virginia M Director |
Award / grant | 121 | $330.83 | $40,000 | 15,219 |
| 2026-09-30 | Hobson Mellody L Director |
Award / grant | 136 | $330.83 | $45,000 | 30,211 |
| 2026-09-30 | Burke Stephen B Director |
Award / grant | 170 | $330.83 | $56,250 | 209,167 |
| 2026-09-10 | Leopold Robin Head of Human Resources |
Open-market sale | 2,500 | $352.81 | $882,026 | 71,047 |
| 2026-08-11 | Leopold Robin Head of Human Resources |
Open-market sale | 2,500 | $361.41 | $903,518 | 73,547 |
| 2026-07-27 | Friedman Stacey General Counsel |
Gift | 166 | — | — | 40,795 |
| 2026-07-24 | Petno Douglas B Co-President; CEO CIB |
Gift | 864 | — | — | 223,755 |
| 2026-06-30 | Rometty Virginia M Director |
Award / grant | 122 | $327.33 | $40,000 | 15,032 |
| 2026-06-30 | Novakovic Phebe N Director |
Award / grant | 122 | $327.33 | $40,000 | 13,583 |
| 2026-06-30 | Hobson Mellody L Director |
Award / grant | 137 | $327.33 | $45,000 | 29,966 |
Shares acquired vs disposed, by month
acquired disposed · all Form 4 typesBy transaction type, 6 months
| Type | Direction | Filings | Shares | Value |
|---|---|---|---|---|
| Award / grant | Acquired | 12 | 302,172 | $362,500 |
| Gift | Disposed | 4 | 166,057 | — |
| Gift | Acquired | 1 | 135,027 | — |
| Open-market sale | Disposed | 11 | 49,845 | $15.5M |
| — | Disposed | 1 | 0 | — |
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.
Form 144 notices
| Filed | Filer | Shares proposed | Est. proceeds |
|---|---|---|---|
| None on file. | |||
A Form 144 is notice of a proposed sale, not a confirmed one.
Congress trades
12 months: House 35 trades (23 purchases) · Senate 16 (2 purchases)| Traded | Member | Chamber | Type | Amount | Disclosed |
|---|---|---|---|---|---|
| 2026-09-04 | Sheldon Whitehouse | Senate | Sale | $15,001 - $50,000 | 2026-10-01 |
| 2026-09-04 | Sheldon Whitehouse | Senate | Sale | $15,001 - $50,000 | 2026-10-01 |
| 2026-09-04 | Sheldon Whitehouse | Senate | Sale (Partial) | $15,001 - $50,000 | 2026-10-01 |
| 2026-09-04 | Sheldon Whitehouse | Senate | Sale (Partial) | $15,001 - $50,000 | 2026-10-01 |
| 2026-08-20 | Scott Mr Franklin | House | Sale | $1,001 - $15,000 | 2026-09-18 |
| 2026-08-20 | Scott Franklin | House | Sale | $1,001 - $15,000 | 2026-09-18 |
| 2026-08-20 | Scott Mr Franklin | House | Sale | $1,001 - $15,000 | 2026-09-18 |
| 2026-08-20 | Scott Mr Franklin | House | Sale | $1,001 - $15,000 | 2026-09-18 |
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.
Largest 13F holders
Quarter to 2026-06-30, the latest most managers have filed| Manager | Shares | Value | % of shares out |
|---|---|---|---|
| BlackRock, Inc. | 206,290,537 | $67.5B | 7.76% |
| VANGUARD CAPITAL MANAGEMENT LLC | 161,586,023 | $52.9B | 6.08% |
| STATE STREET CORP | 125,209,293 | $41.0B | 4.71% |
| BANK OF AMERICA CORP /DE/ | 69,666,753 | $22.8B | 2.62% |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 65,819,503 | $21.5B | 2.48% |
| MORGAN STANLEY | 64,141,741 | $21.0B | 2.41% |
| GEODE CAPITAL MANAGEMENT, LLC | 61,707,794 | $20.1B | 2.32% |
| NORGES BANK | 36,122,327 | $11.8B | 1.36% |
| Capital Research Global Investors | 27,746,323 | $9.1B | 1.04% |
| PRICE T ROWE ASSOCIATES INC /MD/ | 27,686,080 | $9.1B | 1.04% |
| FMR LLC | 26,296,276 | $8.6B | 0.99% |
| GOLDMAN SACHS GROUP INC | 25,300,855 | $8.3B | 0.95% |
| WELLS FARGO & COMPANY/MN | 23,350,060 | $7.6B | 0.88% |
| ROYAL BANK OF CANADA | 22,115,268 | $7.2B | 0.83% |
| NORTHERN TRUST CORP | 21,802,080 | $7.1B | 0.82% |
Institutional ownership by quarter
% of shares held by 13F filers
Number of 13F filers holding
Holder changes by quarter
| Quarter | Holders | Ownership | New | Increased | Reduced | Closed |
|---|---|---|---|---|---|---|
| 2026-06-30 | 5,107 | 73.8% | 240 | 2,254 | 2,089 | 113 |
| 2026-03-31 | 5,042 | 72.3% | 214 | 2,111 | 2,260 | 169 |
| 2025-12-31 | 5,090 | 73.8% | 580 | 1,948 | 2,120 | 78 |
| 2025-09-30 | 4,698 | 72.7% | 196 | 1,930 | 2,089 | 99 |
| 2025-06-30 | 4,686 | 74.6% | 250 | 2,011 | 1,984 | 105 |
| 2025-03-31 | 4,613 | 75.0% | 209 | 1,854 | 2,107 | 127 |
| 2024-12-31 | 4,611 | 75.9% | 625 | 1,698 | 1,905 | 88 |
| 2024-09-30 | 4,150 | 75.6% | 194 | 1,718 | 1,836 | 102 |
| 2024-06-30 | 4,113 | 76.3% | 198 | 1,722 | 1,781 | 91 |
| 2024-03-31 | 4,062 | 76.9% | 254 | 1,608 | 1,832 | 81 |
| 2023-12-31 | 3,943 | 76.7% | 461 | 1,554 | 1,614 | 97 |
| 2023-09-30 | 3,645 | 75.8% | 159 | 1,553 | 1,537 | 78 |
Schedule 13D / 13G filers
| Filed | Form | Filer | % of class | Shares |
|---|---|---|---|---|
| None on file. | ||||
Required above 5% of a class; 13G is the passive form.
ETFs with the largest holding
| ETF | Weight in fund | Holding value |
|---|---|---|
| VITSX | 1.20% | $27.9B |
| VTSAX | 1.20% | $27.9B |
| VTI | 1.20% | $27.9B |
| VSMPX | 1.20% | $27.9B |
| VFINX | 1.33% | $23.1B |
| VFIAX | 1.33% | $23.1B |
Share structure
Shares outstanding2,658,190,000
Float2,646,765,099
Free float99.6%
Income statement
Fiscal years, USD| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Revenue | $127.2B | $153.8B | $236.3B | $270.8B | $279.7B |
| Cost of revenue | −$3.7B | $32.4B | $90.6B | $112.0B | $112.1B |
| Gross profit | $130.9B | $121.4B | $145.7B | $158.8B | $167.6B |
| R&D | $0 | $0 | $0 | $0 | $0 |
| SG&A | $41.6B | $45.5B | $51.1B | $56.3B | $60.0B |
| Operating income | $59.6B | $46.2B | $61.6B | $75.1B | $72.6B |
| EBITDA | $67.5B | $53.2B | $69.1B | $83.0B | $81.4B |
| Pretax income | $59.6B | $46.2B | $61.6B | $75.1B | $72.6B |
| Income tax | $11.2B | $8.5B | $12.1B | $16.6B | $15.5B |
| Net income | $48.3B | $37.7B | $49.6B | $58.5B | $57.0B |
| EPS, diluted | $15.36 | $12.09 | $16.23 | $19.75 | $20.05 |
| Diluted shares | 3.0B | 3.0B | 2.9B | 2.9B | 2.8B |
Balance sheet
| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Cash & short-term investments | $1.03T | $763.9B | $816.6B | $866.0B | $850.5B |
| Receivables | $102.6B | $125.2B | $107.4B | $101.2B | $111.6B |
| Inventory | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $1.13T | $889.1B | $924.0B | $967.2B | $962.1B |
| PP&E, net | $27.1B | $27.7B | $30.2B | $32.2B | $36.2B |
| Goodwill & intangibles | $56.7B | $60.9B | $64.4B | $64.6B | $64.5B |
| Total assets | $3.74T | $3.67T | $3.88T | $4.00T | $4.42T |
| Accounts payable | $169.2B | $188.7B | $162.0B | $153.2B | $0 |
| Total current liabilities | $3.13T | $3.05T | $3.12T | $3.23T | $64.8B |
| Long-term debt | $301.0B | $295.9B | $391.8B | $389.8B | $435.2B |
| Total liabilities | $3.45T | $3.37T | $3.55T | $3.66T | $4.06T |
| Shareholders' equity | $294.1B | $292.3B | $327.9B | $344.8B | $362.4B |
Cash flow statement
Outflows are negative| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Net income | $48.3B | $37.7B | $49.6B | $58.5B | $56.8B |
| Depreciation & amortization | $7.9B | $7.1B | $7.5B | $7.9B | $8.8B |
| Stock-based compensation | $0 | $0 | $0 | $0 | $0 |
| Change in working capital | $35.9B | $32.7B | −$56.2B | −$114.2B | $13.9B |
| Operating cash flow | $78.1B | $107.1B | $13.0B | −$42.0B | $100.9B |
| Capital expenditure | $0 | $0 | $0 | $0 | $0 |
| Free cash flow | $78.1B | $107.1B | $13.0B | −$42.0B | $100.9B |
| Investing cash flow | −$129.3B | −$137.8B | $67.6B | −$163.4B | −$514.2B |
| Net debt issued / repaid | $35.2B | $23.9B | $8.6B | $20.7B | $167.0B |
| Buybacks | −$21.0B | −$10.6B | −$9.8B | −$28.7B | −$34.6B |
| Dividends paid | −$12.9B | −$13.6B | −$13.5B | −$14.8B | −$16.6B |
Ratio history
Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Gross margin | 102.9% | 79.0% | 61.7% | 58.6% | 60.0% |
| Operating margin | 46.8% | 29.8% | 26.0% | 27.7% | 25.9% |
| Net margin | 38.0% | 24.3% | 20.9% | 21.6% | 20.4% |
| FCF margin | 63.2% | 69.2% | 5.5% | -15.5% | 36.0% |
| ROE | 16.9% | 12.8% | 16.0% | 17.4% | 16.1% |
| ROIC | -25.7% | 53.1% | 30.2% | 25.4% | 480.0% |
| ROA | 1.4% | 1.0% | 1.3% | 1.5% | 1.4% |
| Debt / equity | 1.87 | 1.86 | 1.99 | 2.18 | 1.38 |
| Interest coverage | 10.7x | 1.8x | 0.8x | 0.7x | 0.7x |
| Current ratio | 0.36 | 0.29 | 0.30 | 0.30 | 14.85 |
| Revenue growth | −1.9% | +21.6% | +52.9% | +14.4% | +3.5% |
| EPS growth | +71.7% | −21.7% | +33.7% | +21.2% | −0.7% |
| P/E at year end | 8.8x | 9.8x | 9.6x | 11.4x | 15.7x |
| EV / EBITDA at year end | n/m | 2.8x | 4.5x | 6.7x | 6.7x |
| FCF yield at year end | 18.91% | 28.99% | 2.73% | -6.30% | 11.26% |
| Dividend payout | 26.6% | 36.0% | 27.2% | 25.3% | 29.1% |
Revenue by segment
| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Commercial And Investment Bank | — | — | — | $70.1B | $78.5B |
| Consumer & Community Banking | $50.1B | $55.0B | $70.1B | $71.5B | $76.0B |
| Corporate & Investment Bank | $51.7B | $47.9B | $48.8B | — | — |
| Asset and Wealth Management Segment | — | — | — | $21.6B | $24.1B |
| Asset & Wealth Management | $17.0B | $17.7B | $19.8B | — | — |
| Segment Reporting, Reconciling Item, Corporate Nonsegment | — | — | — | $17.4B | $7.0B |
| Commercial Banking | $10.0B | $11.5B | $15.5B | — | — |
| Corporate Segment | −$3.5B | $80.0M | $8.0B | — | — |
| Segment Reconciling Items | — | — | — | −$3.0B | −$3.1B |
| Reconciling Items | −$3.7B | −$3.6B | −$4.3B | — | — |
Revenue by region · FY2025
North America$139.7B · 77%
EMEA$24.5B · 13%
Asia Pacific$14.1B · 8%
Latin America$4.2B · 2%
Street estimates by fiscal year
Next report 2027-01-14 · consensus EPS $5.92 · these are analysts' numbers, not ours| Fiscal year | Revenue (mean) | Revenue range | EPS (mean) | EPS range | Analysts | P/E on mean EPS |
|---|---|---|---|---|---|---|
| 2026 | $208.5B | $207.5B – $209.9B | $24.80 | $23.86 – $25.89 | 11 | 13.7x |
| 2027 | $216.4B | $210.9B – $223.9B | $25.58 | $25.27 – $26.16 | 14 | 13.3x |
| 2028 | $227.8B | $217.1B – $233.8B | $27.53 | $25.00 – $29.71 | 10 | 12.3x |
Reported vs expected, every quarter on file
| Reported | EPS expected | EPS actual | EPS surprise | Revenue expected | Revenue actual | Revenue surprise |
|---|---|---|---|---|---|---|
| 2026-10-13 | $5.93 | $5.75 | −3.0% | $51.2B | $50.2B | −2.1% |
| 2026-07-14 | $5.59 | $7.59 | +35.8% | $50.7B | $57.3B | +13.1% |
| 2026-04-14 | $5.47 | $5.94 | +8.6% | $49.2B | $49.8B | +1.3% |
| 2026-01-13 | $4.85 | $4.63 | −4.5% | $46.2B | $45.8B | −0.8% |
| 2025-10-14 | $4.85 | $5.07 | +4.5% | $45.5B | $46.4B | +2.1% |
| 2025-07-15 | $4.48 | $4.96 | +10.7% | $43.8B | $44.9B | +2.4% |
| 2025-04-11 | $4.63 | $5.07 | +9.5% | $44.0B | $45.3B | +3.0% |
| 2025-02-14 | $4.09 | $4.81 | +17.6% | $41.9B | $42.8B | +2.0% |
| 2024-10-11 | $3.99 | $4.37 | +9.5% | $41.4B | $42.7B | +3.0% |
| 2024-07-12 | $5.88 | $4.40 | −25.2% | $42.2B | $42.1B | −0.4% |
| 2024-04-12 | $4.17 | $4.63 | +11.0% | $41.7B | $41.9B | +0.5% |
| 2024-01-12 | $3.73 | $3.97 | +6.4% | $41.9B | $38.6B | −7.9% |
| 2023-10-13 | $3.89 | $4.33 | +11.3% | $39.6B | $39.8B | +0.5% |
| 2023-07-14 | $3.62 | $4.37 | +20.7% | $39.0B | $38.6B | −1.0% |
| 2023-04-14 | $3.41 | $4.10 | +20.2% | $35.6B | $38.3B | +7.8% |
| 2023-02-21 | $3.08 | $3.57 | +15.9% | $34.4B | $34.5B | +0.6% |
| 2022-10-14 | $2.96 | $3.12 | +5.4% | $32.1B | $32.7B | +2.0% |
| 2022-07-14 | $2.85 | $2.76 | −3.2% | $31.9B | $30.7B | −3.6% |
| 2022-04-13 | $2.73 | $2.63 | −3.7% | $30.6B | $30.7B | +0.4% |
| 2022-02-22 | $3.01 | $3.33 | +10.6% | $31.3B | $29.3B | −6.5% |
| 2021-10-13 | $3.00 | $3.74 | +24.7% | $29.6B | $29.7B | +0.2% |
| 2021-07-13 | $3.10 | $3.78 | +21.9% | $30.0B | $30.5B | +1.8% |
| 2021-04-14 | $3.05 | $4.50 | +47.5% | $29.2B | $32.2B | +10.5% |
| 2021-02-23 | $2.62 | $3.79 | +44.7% | $26.7B | $29.3B | +9.7% |
Off-exchange (dark pool) volume, weekly
FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)| Week of | Notional | Shares | Trades |
|---|---|---|---|
| 2026-08-31 | $1.8B | 5,165,174 | 146,808 |
| 2026-08-24 | $1.4B | 3,897,289 | 136,947 |
| 2026-08-17 | $2.2B | 6,072,449 | 171,837 |
| 2026-08-10 | $1.7B | 4,817,765 | 151,765 |
| 2026-08-03 | $2.2B | 6,019,759 | 174,742 |
| 2026-07-27 | $2.7B | 7,524,822 | 199,400 |
Short-sale share of off-exchange volume
daily 20-day average| Date | Short share | Short volume | Total volume |
|---|---|---|---|
| 2026-10-15 | 38.8% | 1,088,759 | 2,809,624 |
| 2026-10-14 | 54.7% | 2,037,516 | 3,721,596 |
| 2026-10-13 | 53.7% | 2,420,993 | 4,508,449 |
| 2026-10-12 | 49.7% | 947,649 | 1,905,148 |
| 2026-10-09 | 32.3% | 562,210 | 1,741,159 |
| 2026-10-08 | 36.4% | 996,617 | 2,740,554 |
| 2026-10-07 | 32.6% | 797,948 | 2,445,970 |
| 2026-10-06 | 33.7% | 606,882 | 1,802,711 |
| 2026-10-05 | 30.8% | 613,212 | 1,987,947 |
| 2026-10-02 | 37.6% | 824,626 | 2,192,635 |
A daily flow measure from FINRA, not short interest.
Seasonality
Average return by calendar month| Month | Avg return | Up years | Years |
|---|---|---|---|
| Jan | −0.2% | 55% | 20 |
| Feb | +0.2% | 55% | 20 |
| Mar | +0.5% | 48% | 21 |
| Apr | +2.7% | 65% | 20 |
| May | −0.4% | 45% | 20 |
| Jun | −1.4% | 40% | 20 |
| Jul | +4.1% | 80% | 20 |
| Aug | −0.4% | 50% | 20 |
| Sep | +1.1% | 60% | 20 |
| Oct | +3.0% | 75% | 20 |
| Nov | +2.4% | 60% | 20 |
| Dec | +3.4% | 70% | 20 |
History, not a forecast.
Indicators
as of 2026-10-16RSI 1451.8
MFI57.2
ADX23.7
Stochastic %K / %D62.5 / 53.6
Williams %R-23.2
CCI98
TSI / signal-19.1 / -23.7
Chaikin money flow-0.06
ATR$6.52
Bollinger width5.8%
Volume vs 20-day avg1.01x
SupertrendDown
Moving averages and bands
level (price vs level)SMA 20$334.73 (+1.5%)
SMA 50$347.75 (−2.3%)
SMA 200$322.12 (+5.5%)
EMA 21$337.10 (+0.8%)
EMA 50$341.12 (−0.4%)
EMA 200$325.48 (+4.4%)
Bollinger upper$344.42 (−1.4%)
Bollinger lower$325.05 (+4.5%)
Parabolic SAR$326.40 (+4.1%)
Open the live chart, 110+ indicatorsAbout JPMorgan Chase & Co.
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.
https://www.jpmorganchase.com
Key executives
| Name | Title | Pay | Born |
|---|---|---|---|
| Mary Callahan Erdoes | Chief Executive Officer of Asset & Wealth Management and Executive Vice President | $13.0M | 1967 |
| Douglas Petno | CEO of the Commercial & Investment Bank and Co-President | $11.6M | 1966 |
| Troy Larry Rohrbaugh | CEO of Consumer & Community Banking and Co-President | $11.6M | 1970 |
| Jeremy Barnum | Executive Vice President & Chief Financial Officer | $8.4M | 1973 |
| James Dimon | Chairman & Chief Executive Officer | $8.1M | 1956 |
| Jennifer A. Piepszak | Chief Operating Officer | $7.9M | 1971 |
| Daniel Eduardo Pinto | Vice Chairman | $6.6M | 1963 |
| Todd Anthony Combs | Head Strategic Investment Group of Security & Resiliency Initiative | $147,717 | 1971 |
Executive pay, latest proxy
| Executive | Year | Salary | Stock awards | Incentive | Total |
|---|---|---|---|---|---|
| James Dimon Chairman and CEO | 2025 | $1.5M | $0 | $41.5M | $43.0M |
| Mary Callahan Erdoes CEO, Asset & Wealth Management | 2025 | $1.0M | $0 | $30.0M | $31.0M |
| Douglas Petno Co-CEO, Commercial & Investment Bank | 2025 | $1.0M | $0 | $26.5M | $27.5M |
| Troy Rohrbaugh Co-CEO, Commercial & Investment Bank | 2025 | $1.0M | $0 | $26.5M | $27.5M |
| Jeremy Barnum CFO | 2025 | $1.0M | $0 | $18.5M | $19.5M |
Employees
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| 2026-10-06 | $1.65 | 2026-10-31 |
| 2026-07-06 | $1.5 | 2026-07-31 |
| 2026-04-06 | $1.5 | 2026-04-30 |
| 2026-01-06 | $1.5 | 2026-01-31 |
| 2025-10-06 | $1.5 | 2025-10-31 |
| 2025-07-03 | $1.4 | 2025-07-31 |
| 2025-04-04 | $1.4 | 2025-04-30 |
| 2025-01-06 | $1.25 | 2025-01-31 |
Moat model
Narrow · Network Effects · 2026-06-30Cost advantage67
Intangibles69
Switching costs60
Network effect80
Efficient scale75
Our component scores (0-100) and overall 68.9; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17