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JPMorgan Chase & Co (JPM)

Fair Value
Financial ServicesBanks - DiversifiedUnited States

Fundamental

60

Price

$334.36

Market Cap

$880.60B

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 on September 19, 2026 with claude-haiku-4-5 — shared with all users

P/E: 12.5Score: 67Market cap: $378.24B

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: 18.5Score: 70Market cap: $224.82B

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: 12.2Score: 64Market cap: $246.49B

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: 13.8Score: 65Market cap: $261.23B

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: 15.4Score: 68Market cap: $300.01B

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

$287.58

Current Price

$334.36

Margin of Safety

-16.3%

Fair Value Range

$199.32 - $375.83

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

Estimation Methods

Analyst price target:$372.81
Discounted cash flow (DCF):Not applicable to this type of company
Earnings multiple (P/E):$316.82
Graham growth formula:Not applicable to this type of company
Earnings power value (EPV):Not applicable to this type of company
Justified P/B:$299.19
Dividend discount (Gordon):$101.45
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
Analyst Consensus:Buy (18B / 12H / 0S)
Last Earnings Surprise:+3.96%

Valuation Metrics

P/E Ratio

14.26

ROE

15.7%

P/B Ratio

2.36

P/FCF

-

Gross Margin

-

ROIC

-

Profitability Radar

Value Creation (Economic Moat)

ROIC

-

WACC

11.6%

ROIC − WACC

-

Fundamental Analysis Criteria

Passed (13)

  • EPS shows upward trend
  • EPS CAGR 8.88%
  • Price CAGR 15.24%
  • P/B ratio 2.36
  • Operating margin 42.1%
  • Low reliance on intangibles
  • ROE 17.8%
  • Revenue growth 5Y 7.7%
  • Analyst consensus: 60% buy
  • Earnings surprise, average 4.8%
  • PEG ratio 0.81
  • Share dilution -3.7%
  • Net margin trend 32.6% vs 32.2%

Failed (7)

  • Debt/equity ratio
  • Interest coverage
  • Return on tangible assets
  • Price below Graham Number
  • DCF valuation (Unknown)
  • 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

Part 2 · The price and when to enter

This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.

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 2026-07-23

    View document

via SEC EDGAR

Income History

via SEC EDGAR

Market Reaction Profile

How much JPM moves, measured on its daily prices.

VolatilityLow

More volatile than 7% of the tracked stocks (90-day volatility).

Volatility 30d
16.9%
Volatility 90d
19.9%
Beta vs S&P 500 (1y)
0.79
Max drawdown (12m)
-15.5%
ATR (14d, % of price)
1.75%

Updated 10/12/2026 · Source: daily_prices (Yahoo Finance) + benchmark_prices SPY

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

Latest News

Recent headlines for JPM, sourced from Markets Gazette.

  • 7h agoNEUTRAL
    Orsi al comando su JPMorgan: gli utili del 3° trim. possono cambiare la situazione?

    JPMorgan Chase (JPM) is set to release its Q3 earnings on October 13th, with consensus estimates projecting EPS of $5.94 and revenues of $51.2 billion, representing year-over-year growth of 17% and 8.7% respectively. Despite a modest 2% increase in the stock price year-to-date, technical indicators suggest bearish dominance ahead of the report. However, the derivatives market anticipates a shift in dynamics post-earnings, indicating potential volatility and a divergence of opinion on the stock's future direction. Investors are closely watching for any surprises that could alter the current sentiment.

  • 6d agoNEGATIVE
    Jamie Dimon Warns on AI's Growing Cyber Threat

    Jamie Dimon, Chairman and CEO of JPMorgan Chase, has issued a stark warning regarding the escalating cyber threats posed by Artificial Intelligence. While markets show resilience, Dimon's concerns highlight a significant, emerging risk that could impact financial institutions and broader market stability. The potential for AI-driven cyberattacks to disrupt operations, compromise sensitive data, and erode investor confidence presents a substantial downside risk. Investors should monitor this developing situation closely, as increased cybersecurity measures and potential regulatory responses could affect profitability and operational continuity for major financial players.

  • 13d agoNEUTRAL
    JPMorgan Hires Trio for Natural Resources Banking Team

    JPMorgan Chase & Co. is bolstering its natural resources investment banking division with the addition of three new bankers. This strategic hiring move aims to strengthen the firm's advisory and capital-raising capabilities within the energy and commodities sectors. While the specific impact on the company's bottom line is not immediately quantifiable, the expansion signals JPMorgan's commitment to a key sector and its intent to capture more deal flow in natural resources.

  • 20d agoNEUTRAL
    Dimon Says US Shouldn’t Punish India Over Russian Oil: CNBC TV18

    Jamie Dimon, Chairman and CEO of JPMorgan Chase & Co., stated that the US should not penalize India or global oil markets as it attempts to pressure Russia regarding the war in Ukraine. Dimon highlighted the significant difficulties refiners encounter when attempting to switch crude oil supply sources. This perspective from a major financial institution's leader suggests a pragmatic approach to geopolitical energy policies, acknowledging the complex realities of global supply chains and the potential unintended consequences of sanctions on allied nations and market stability. Investors may view this as a call for nuanced policy-making.

  • 21d agoPOSITIVE
    JPMorgan e fondo sovrano del Qatar siglano partnership da 20 miliardi di dollari

    JPMorgan Chase has entered into a strategic partnership with Qatar Investment Authority (QIA), the sovereign wealth fund of Qatar. This Memorandum of Understanding (MoU) outlines a collaboration valued at $20 billion. This significant alliance follows a similar agreement QIA made with Goldman Sachs, underscoring the growing interest of major sovereign funds in partnering with leading global financial institutions. For investors, this deal signals strong institutional backing and potential for significant new business flows into JPMorgan, reinforcing its position in the global financial landscape and potentially boosting its assets under management and fee-based revenues.

  • 22d agoNEUTRAL
    Dimon Heads to India as Wall Street Steps Up Fight For Deal Boom

    JPMorgan Chase CEO Jamie Dimon is visiting India as the bank intensifies its efforts to capture a larger share of the country's burgeoning deal market. India is anticipated to experience a significant surge in mergers and acquisitions, and capital markets activities. Dimon's trip underscores the strategic importance of India to JPMorgan's global growth ambitions, signaling a proactive approach to expanding its presence and client services in one of the world's fastest-growing economies. Investors will monitor the bank's success in securing new mandates and deepening relationships within the Indian financial landscape.

via Markets Gazette