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JPMJPMorgan Chase & Co.
$340.00$911.0B
Overview & Tools
OverviewChart Terminal ↗AnalysisVisualize
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Price & Analyst Data
Analyst TargetsPrice History
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Income StatementBalance SheetCash FlowRatios & Margins
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JPM logo

JPMorgan Chase & Co.

JPM
NYSE · Diversified Banks
$340.00
At close - Sep 22, 4:00 PM EDT - USD
Market Cap$911.03B
P/E17.0x
52W High$366.50
Volume11.28M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q1

Resilient NII Growth Supports Fortress Balance Sheet

JPMorgan Chase demonstrates a robust fundamental trajectory, evidenced by a 9.0% NII growth rate in 2026Q1 and a diversified fee income stream that now accounts for 33.2% of total revenue. While the bank maintains a fortress balance sheet with $364 billion in ...

GrowthAccelerating
ProfitabilityStrong
ValuationExpensive
TechnicalsMixed
Explore valuation models
MARKET ACTION

JPM price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

10/12 Beats

EPS beat 10 of last 12 quarters

02

Valuation risk

-13% Peers

P/E is 13% below peer median

03

Market leadership

RS 71 · Avg

Average momentum (RS Rating: 71)

04

Mixed Trend

Mixed

Price < 50DMA but > 200DMA

Next CatalystEstimated earnings · Oct 14
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

JPMorgan achieved a notable NII expansion to $25.4 billion in 2026Q1, while maintaining a disciplined efficiency ratio of 36.5% despite significant technology investments.

Analyst Consensus+9.9% target
Buy(61 analysts)
32 Buy27 Hold2 Sell

The Bull Case

Upside Catalysts

Technical Strength and Patterns

JPM's stock chart shows bullish activity, consolidating near all-time highs and forming a 'bull flag' pattern, indicating potential for a breakout.

Strong Capital Returns

JPMorgan has a history of increasing dividends and a significant share repurchase program, expected to be sustained or accelerated.

Robust Growth Drivers

The company is investing in AI, blockchain, and tokenization, with the Commercial and Investment Bank segment showing significant revenue increases.

The Bear Case

Key Downside Risks

Valuation Concerns

JPM's valuation may be considered expensive compared to peers like Bank of America and Citigroup.

Moderation in Net Interest Income

JPMorgan has lowered its 2026 NII outlook, indicating potential moderation in this key revenue stream.

Elevated Expenses Expected

The company anticipates higher expenses in 2026 due to investments in technology and branch expansion.

Market performance

Price History →

Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
JPM+5.84%
S&P 500 (^GSPC)+13.20%
1-Year Return
JPM+10.74%
S&P 500 (^GSPC)+15.98%
3-Year Return
JPM+144.08%
S&P 500 (^GSPC)+75.00%
5-Year Return
JPM+133.28%
S&P 500 (^GSPC)+67.16%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y High
17.0x
Forward P/EExpansion
13.7x
EV/EBITDA100th %ile
18.5x
FCF YieldCash Flow
11.1%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
17.0x
11.1x
100th· High
EV/EBITDA
18.5x
7.7x
100th· High
Price/FCF
9.0x
8.9x
75th· Fair
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$273.24-19.6%
Base (Fair)$494.99+41.6%
Bull$791.23+132.7%
$273.24 Bear$494.99 Base$791.23 Bull
Current Market Price: $340.00
Trades at a 31.3% discount to Base DCF ($494.99)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$181.85B+7.3% YoY
Net income
$57.05B-2.4% YoY
Free cash flow
$100.87B+340.1% YoY
Operating margin
26%-1.8 pts YoY
ROIC (TTM)4.5%
Avg ROIC 5Y-
ROE (TTM)16.1%
Piotroski Score5 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate10/12 (83%)
Revenue Beat Rate10/12 (83%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Jul 14, 2026
$7.59+35.8%
vs $5.59
$57.3B+13.1%
vs $50.7B
Q2 2026
Apr 14, 2026
$5.94+8.6%
vs $5.47
$49.8B+1.3%
vs $49.2B
Q1 2026
Jan 13, 2026
$4.63-4.5%
vs $4.85
$45.8B-0.8%
vs $46.2B
Q4 2025
Oct 14, 2025
$5.07+4.5%
vs $4.85
$46.4B+2.1%
vs $45.5B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Zacks Investment Research·1d ago
U.S. Card Issuers Delinquencies & NCOs Rise Sequentially in August

Credit-card delinquencies and charge-offs edged higher in August across a group of major U.S. card issuers, pointing to a modest increase in consumer credit stress. However, the latest readings remained below year-ago levels, suggesting that the deterioration remains contained rather than indicative of a broad weakening in portfolio quality.

Benzinga·1d ago
Nasdaq 100 Flirts with Records, Oil Sinks for Fifth Day: Stock Market Today

The Nasdaq 100 carved out a fresh intraday record by midday Tuesday as the artificial intelligence trade powered ahead.

Benzinga·1d ago
JPMorgan Stock Slips as Traders Shift to Tech Sector

JPMorgan Chase & Co. (NYSE:JPM) shares are sliding Tuesday as financial stocks broadly sell off, with traders rotating into technology names amid growing concern that AI shopping agents like Meta's Muse could disrupt traditional payment and financial companies.

24/7 Wall Street·1d ago
JPMorgan Chase Falls 3% Despite New $20B QIA Partnership; Goldman Sachs Eases, Bank of America Slips

Shares of JPMorgan Chase (NYSE:JPM | JPM Price Prediction) are sliding in Tuesday midday trading, even after the bank unveiled a headline-grabbing tie-up with the Qatar Investment Authority (QIA). JPMorgan Chase stock is down 3% to $340.

Filtered for JPMorgan Chase & Co.More Headlines
04

Compare before deciding

Benchmark JPM against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for JPMorgan Chase & Co. (JPM)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
JPM logoJPMJPMorgan Chase & Co.Current
$340.00$911.03B16.967.32%20.39%16.13%1.75%
BAC logoBACBank of America Corporation
$56.20$398.83B14.7111%18.13%10.5%—
WFC logoWFCWells Fargo & Company
$83.15$254.45B13.161.7%17.29%11.92%—
C logoCCitigroup Inc.
$132.47$227.17B18.955.11%9.34%7.49%—
GS logoGSThe Goldman Sachs Group, Inc.
$949.49$292.44B18.508.92%16.31%14.33%—
MS logoMSMorgan Stanley
$200.21$315.79B19.6314.48%15.13%16.22%—

Compare JPM vs Peers

JPMorgan Chase & Co. (JPM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs BAC

Most directly comparable listed peer for JPM.

Scale Benchmark

vs V

Larger-name benchmark to compare JPM against a more recognizable public peer.

Peer Set

Compare Top 5

vs BAC, WFC, C, GS

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

JPM SEC Filings & Documents

JPMorgan Chase & Co. (JPM) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

4
Material company update

Jul 23, 2026·SEC

Material company update

Jul 23, 2026·SEC

Material company update

Jul 14, 2026·SEC

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JPM Frequently Asked Questions

JPMorgan Chase & Co. (JPM) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
How fast is JPMorgan Chase & Co. growing?

JPMorgan Chase & Co. (JPM) grew revenue by 7.3% over the past year. This is steady growth.

Is JPM profitable?

Yes, JPMorgan Chase & Co. (JPM) is profitable, generating $58.90B in net income for fiscal year 2025 (20.4% net margin).

Dividend & Returns
Does JPM pay dividends?

Yes, JPMorgan Chase & Co. (JPM) pays a dividend with a yield of 1.75%. This makes it attractive for income-focused investors.

What is JPM's return on equity?

JPMorgan Chase & Co. (JPM) has a return on equity (ROE) of 16.1%. This is reasonable for most industries.

Industry Metrics
What is JPMorgan Chase & Co.'s net interest margin?

JPMorgan Chase & Co. (JPM) has a net interest margin (NIM) of 2.2%. NIM has been under pressure due to interest rate environment.

What is JPMorgan Chase & Co.'s efficiency ratio?

JPMorgan Chase & Co. (JPM) has an efficiency ratio of 34.0%. This is excellent, indicating strong cost control.

What if you invested $1,000 in JPM back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →