JPMorgan Chase & Co. (JPM) 10-Year Financial Performance & Capital Metrics

JPM • • Banking & Credit

Financial ServicesDiversified BanksGlobal Universal BanksUS Global Banking Giants

AboutJPMorgan 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 s deposit, investment and lending products, payments, and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services. The CIB segment provides investment banking products and services, including corporate strategy and structure advisory, and equity and debt markets capital-raising services, as well as loan origination and syndication; payments and cross-border financing; 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 business, large and midsized companies, local governments, and nonprofit clients; and commercial real estate banking services to 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, trusts and estates, loans, mortgages, deposits, and investment management products. The company also provides ATM, online and mobile, and telephone banking services. JPMorgan Chase & Co. was founded in 1799 and is headquartered in New York, New York.Show more

Net Interest Income $92.58B +3.7%
Total Revenue $270.79B +14.6%
Net Income $58.47B +18.0%
Return on Equity 17.39% +8.8%
Net Interest Margin 2.31% +0.4%
Efficiency Ratio 30.91% -13.1%
ROA 1.48% +13.0%
Equity / Assets 8.61% +1.8%
Book Value per Share 119.75 +7.5%
Tangible BV/Share 97.32 +8.7%
Debt/Equity 2.18 +9.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 30.9% efficiency ratio
✓14 consecutive years of dividend growth
✓Good 3Y average ROE of 15.4%
✓Share count reduced 2.2% through buybacks

✗Weaknesses

✗High debt to equity ratio of 2.2x

Price & Volume

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Growth Metrics

Revenue CAGR

10Y10.15%

5Y13.7%

3Y28.63%

TTM-

Profit (Net Income) CAGR

10Y10.4%

5Y9.92%

3Y6.55%

TTM7.91%

EPS CAGR

10Y14.08%

5Y13%

3Y8.74%

TTM12.35%

ROCE

10Y Avg7.37%

5Y Avg8.48%

3Y Avg8.78%

Latest9.8%

Peer Comparison

US Global Banking Giants

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CCitigroup Inc.	208.09B	116.30	19.55	9.86%	7.43%	6.87%		2.82
WFCWells Fargo & Company	293.69B	93.56	17.42	8.72%	15.73%	11.51%	1.03%	1.56
BACBank of America Corporation	412.33B	54.54	16.94	11.94%	14.1%	9.75%		2.23
JPMJPMorgan Chase & Co.	838.25B	310.90	15.74	14.61%	21.59%	16.11%		2.18

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	43.51B	46.08B	50.1B	55.06B	57.24B	54.56B	52.31B	66.71B	89.27B	92.58B
NII Growth %	-0%	0.06%	0.09%	0.1%	0.04%	-0.05%	-0.04%	0.28%	0.34%	0.04%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	50.97B	55.9B	63.97B	76.1B	84.04B	64.52B	57.86B	92.81B	170.59B	193.93B
Interest Expense	7.46B	9.82B	13.87B	21.04B	26.8B	9.96B	5.55B	26.1B	81.32B	101.35B
Loan Loss Provision	3.83B	5.36B	5.29B	4.87B	5.58B	17.41B	-9.22B	6.33B	9.28B	10.68B
Non-Interest Income+	50.03B	50.49B	50.61B	53.72B	58.48B	65.32B	69.37B	61.02B	65.69B	76.86B
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	101.01B	106.39B	114.58B	129.82B	142.51B	129.84B	127.24B	153.82B	236.27B	270.79B
Revenue Growth %	-0.02%	0.05%	0.08%	0.13%	0.1%	-0.09%	-0.02%	0.21%	0.54%	0.15%
Non-Interest Expense	59.01B	56.67B	59.52B	63.15B	65.27B	66.66B	71.34B	75.23B	84.06B	83.7B
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	30.7B	34.54B	35.9B	40.76B	44.87B	35.81B	59.56B	46.17B	61.61B	75.08B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0%	0.12%	0.04%	0.14%	0.1%	-0.2%	0.66%	-0.22%	0.33%	0.22%
Pretax Income+	30.7B	34.54B	35.9B	40.76B	44.87B	35.81B	59.56B	46.17B	61.61B	75.08B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	6.26B	9.8B	11.46B	8.29B	8.44B	6.68B	11.23B	8.49B	12.06B	16.61B
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	24.44B	24.73B	24.44B	32.47B	36.43B	29.13B	48.33B	37.68B	49.55B	58.47B
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.12%	0.01%	-0.01%	0.33%	0.12%	-0.2%	0.66%	-0.22%	0.32%	0.18%
Net Income (Continuing)	24.44B	24.73B	24.44B	32.47B	36.43B	29.13B	48.33B	37.68B	49.55B	58.47B
EPS (Diluted)+	6.00	6.19	6.31	9.00	10.72	8.88	15.36	12.09	16.23	19.75
EPS Growth %	0.13%	0.03%	0.02%	0.43%	0.19%	-0.17%	0.73%	-0.21%	0.34%	0.22%
EPS (Basic)	6.05	6.24	6.35	9.04	10.75	8.89	15.39	12.10	16.25	19.79
Diluted Shares Outstanding	3.78B	3.65B	3.58B	3.41B	3.23B	3.09B	3.03B	2.97B	2.94B	2.88B

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	360.5B	389.63B	431.3B	278.79B	263.63B	527.61B	740.83B	567.23B	624.15B	469.32B
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	1.12T	1.24T	1.22T	1.23T	1.37T	1.54T	1.72T	1.74T	1.86T	1.99T
Investments Growth %	-0.05%	0.11%	-0.01%	0.01%	0.11%	0.12%	0.11%	0.01%	0.07%	0.07%
Long-Term Investments	874.68B	996.91B	1.02T	1T	1.03T	1.19T	1.43T	1.54T	1.67T	1.6T
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	47.33B	47.29B	47.51B	47.47B	47.82B	49.25B	50.31B	51.66B	52.63B	52.56B
Intangible Assets	7.62B	6.96B	6.88B	6.88B	5.52B	4.18B	6.38B	9.2B	11.75B	11.99B
PP&E (Net)	14.36B	14.13B	14.16B	14.93B	25.81B	27.11B	27.07B	27.73B	30.16B	32.22B
Other Assets	758.85B	744.83B	742.44B	968.32B	899.32B	1.14T	1.1T	1.15T	1.19T	1.34T
Total Current Assets	648.86B	680.86B	701.26B	582.39B	676.87B	974.06B	1.13T	889.12B	924B	967.23B
Total Non-Current Assets	1.7T	1.81T	1.83T	2.04T	2.01T	2.41T	2.61T	2.78T	2.95T	3.04T
Total Assets+	2.35T	2.49T	2.53T	2.62T	2.69T	3.38T	3.74T	3.67T	3.88T	4T
Asset Growth %	-0.09%	0.06%	0.02%	0.04%	0.02%	0.26%	0.11%	-0.02%	0.06%	0.03%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	107.63B	109.84B	102.73B	114.79B	118.38B	140.29B	169.17B	188.69B	161.96B	153.15B
Total Debt+	478B	495.35B	494.8B	533.63B	516.09B	542.1B	548.94B	542.5B	653.07B	751.15B
Net Debt	117.49B	105.72B	63.49B	254.83B	252.46B	14.49B	-191.9B	-24.73B	28.92B	281.83B
Long-Term Debt	309.76B	295.25B	284.08B	282.03B	291.5B	281.69B	301B	295.87B	391.82B	389.84B
Short-Term Debt	168.24B	200.11B	210.72B	251.6B	224.59B	260.42B	247.93B	246.64B	261.25B	361.31B
Other Liabilities	111.89B	42.85B	30.98B	26.04B	24.24B	25.28B	20.55B	23.91B	36.22B	41.72B
Total Current Liabilities	1.68T	1.9T	1.96T	2.06T	2.11T	2.8T	3.13T	3.05T	3.12T	3.23T
Total Non-Current Liabilities	421.64B	338.09B	315.06B	308.07B	315.74B	306.96B	321.56B	319.77B	428.05B	431.56B
Total Liabilities	2.1T	2.24T	2.28T	2.37T	2.43T	3.11T	3.45T	3.37T	3.55T	3.66T
Total Equity+	247.57B	254.19B	255.69B	256.51B	261.33B	279.35B	294.13B	292.33B	327.88B	344.76B
Equity Growth %	0.07%	0.03%	0.01%	0%	0.02%	0.07%	0.05%	-0.01%	0.12%	0.05%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.1%	0.1%	0.1%	0.13%	0.14%	0.11%	0.17%	0.13%	0.16%	0.17%
Book Value per Share	65.58	69.64	71.49	75.14	80.90	90.48	97.18	98.43	111.41	119.75
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	4.11B	4.11B	4.11B	4.11B	4.11B	4.11B	4.11B	4.11B	4.11B	4.11B
Additional Paid-in Capital	92.5B	91.63B	90.58B	89.16B	88.52B	88.39B	88.42B	89.04B	90.13B	90.91B
Retained Earnings	146.42B	162.44B	177.68B	199.2B	223.21B	236.99B	272.27B	296.46B	332.9B	376.17B
Accumulated OCI	192M	-1.18B	-119M	-1.51B	1.57B	7.99B	-84M	-17.34B	-10.44B	-12.46B
Treasury Stock	-21.69B	-28.85B	-42.59B	-60.49B	-83.05B	-88.18B	-105.42B	-107.34B	-116.22B	-134.02B
Preferred Stock	26.07B	26.07B	26.07B	26.07B	26.99B	30.06B	34.84B	27.4B	27.4B	20.05B

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	73.47B	21.88B	-10.83B	15.61B	4.09B	-79.91B	78.08B	107.12B	12.97B	-42.01B
Operating CF Growth %	1.01%	-0.7%	-1.49%	2.44%	-0.74%	-20.53%	1.98%	0.37%	-0.88%	-4.24%
Net Income	24.44B	24.73B	24.44B	32.47B	36.43B	29.13B	48.33B	37.68B	49.55B	58.47B
Depreciation & Amortization	4.94B	5.48B	6.18B	7.79B	8.37B	8.61B	7.93B	7.05B	7.51B	7.94B
Deferred Taxes	1.33B	4.65B	2.31B	1.72B	1.27B	-3.57B	3.75B	-2.74B	-4.53B	2B
Other Non-Cash Items	0	0	13.87B	-2.74B	11.94B	31.23B	-17.83B	32.44B	16.61B	3.79B
Working Capital Changes	41.01B	-17.4B	-57.63B	-23.64B	-53.92B	-145.31B	35.9B	32.69B	-56.17B	-114.22B
Cash from Investing+	106.98B	-89.2B	28.25B	-199.42B	-52.06B	-261.91B	-129.34B	-137.82B	67.64B	-163.4B
Purchase of Investments	-77.01B	-124.1B	-107.66B	-104.46B	-255.58B	-409.55B	-360.54B	-159.93B	-119.64B	-357.42B
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	0	0	0	-9.92B	-2.36B
Other Investing	61B	-85.86B	-14.97B	-181.37B	77.71B	-81.16B	-32.52B	-150.29B	-18.03B	-46.11B
Cash from Financing+	-187.51B	98.27B	14.64B	34.16B	32.99B	596.64B	275.99B	-126.26B	-25.57B	63.45B
Dividends Paid	-7.87B	-8.48B	-8.99B	-10.11B	-12.34B	-12.69B	-12.86B	-13.56B	-13.46B	-14.78B
Share Repurchases	-5.62B	-9.08B	-16.67B	-21.68B	-28.08B	-7.95B	-20.98B	-10.6B	-9.82B	-28.68B
Stock Issued	0	0	1.26B	1.7B	5B	4.5B	7.35B	0	0	2.5B
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	-1000K	1000K	-1000K	1000K	-1000K	-1000K	1000K	1000K	1000K	1000K
Other Financing	-134.45B	104.17B	49.31B	50.42B	105.49B	634.71B	267.23B	-126B	-10.89B	83.66B
Net Change in Cash+	-7.34B	29.47B	40.15B	-152.51B	-15.16B	263.98B	213.22B	-173.6B	56.92B	-154.83B
Exchange Rate Effect	-1000K	-1000K	1000K	-1000K	-1000K	1000K	-1000K	-1000K	1000K	-1000K
Cash at Beginning	27.83B	361.68B	391.15B	431.3B	278.79B	263.63B	527.61B	740.83B	567.23B	624.15B
Cash at End	20.49B	391.15B	431.3B	278.79B	263.63B	527.61B	740.83B	567.23B	624.15B	469.32B
Interest Paid	7.22B	9.51B	14.15B	21.15B	29.92B	13.08B	5.14B	23.14B	77.11B	99.64B
Income Taxes Paid	9.42B	2.4B	4.33B	3.54B	6.22B	8.14B	18.74B	4.36B	9.91B	11.71B
Free Cash Flow+	73.47B	21.88B	-10.83B	15.61B	4.09B	-79.91B	78.08B	107.12B	12.97B	-42.01B
FCF Growth %	1.01%	-0.7%	-1.49%	2.44%	-0.74%	-20.53%	1.98%	0.37%	-0.88%	-4.24%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	10.2%	9.86%	9.59%	12.68%	14.07%	10.78%	16.86%	12.85%	15.98%	17.39%
Return on Assets (ROA)	0.99%	1.02%	0.97%	1.26%	1.37%	0.96%	1.36%	1.02%	1.31%	1.48%
Net Interest Margin	1.85%	1.85%	1.98%	2.1%	2.13%	1.61%	1.4%	1.82%	2.3%	2.31%
Efficiency Ratio	58.43%	53.27%	51.94%	48.64%	45.8%	51.34%	56.07%	48.9%	35.58%	30.91%
Equity / Assets	10.53%	10.2%	10.09%	9.78%	9.72%	8.25%	7.86%	7.97%	8.46%	8.61%
Book Value / Share	65.58	69.64	71.49	75.14	80.9	90.48	97.18	98.43	111.41	119.75
NII Growth	-0.28%	5.91%	8.71%	9.9%	3.97%	-4.69%	-4.13%	27.53%	33.81%	3.71%
Dividend Payout	32.21%	34.27%	36.79%	31.13%	33.88%	43.56%	26.6%	36%	27.17%	25.28%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Consumer & Community Banking	43.82B	44.91B	46.48B	52.08B	55.88B	51.27B	50.07B	55.02B	70.15B	71.51B
Consumer & Community Banking Growth	-	2.50%	3.50%	12.03%	7.30%	-8.26%	-2.33%	9.87%	27.50%	1.94%
Commercial And Investment Bank	-	-	-	-	-	-	-	-	-	70.11B
Commercial And Investment Bank Growth	-	-	-	-	-	-	-	-	-	-
Asset and Wealth Management	-	-	-	-	-	-	-	-	-	21.58B
Asset and Wealth Management Growth	-	-	-	-	-	-	-	-	-	-
Segment Reporting, Reconciling Item, Corporate Nonsegment	-	-	-	-	-	-	-	-	-	17.39B
Segment Reporting, Reconciling Item, Corporate Nonsegment Growth	-	-	-	-	-	-	-	-	-	-
Segment Reconciling Items	-	-	-	-	-	-	-	-	-	-3.04B
Segment Reconciling Items Growth	-	-	-	-	-	-	-	-	-	-
Corporate & Investment Bank	33.54B	35.22B	34.49B	36.45B	38.3B	49.28B	51.75B	47.9B	48.81B	-
Corporate & Investment Bank Growth	-	4.99%	-2.05%	5.67%	5.08%	28.69%	5.00%	-7.44%	1.90%	-
Asset & Wealth Management	12.12B	12.04B	12.92B	14.08B	14.32B	14.24B	16.96B	17.75B	19.83B	-
Asset & Wealth Management Growth	-	-0.61%	7.25%	8.96%	1.71%	-0.53%	19.08%	4.66%	11.71%	-
Commercial Banking	6.88B	7.45B	8.61B	9.06B	8.98B	9.31B	10.01B	11.53B	15.55B	-
Commercial Banking Growth	-	8.25%	15.46%	5.28%	-0.83%	3.66%	7.46%	15.24%	34.80%	-
Corporate	267M	-487M	1.14B	-128M	1.21B	-1.18B	-3.48B	80M	8.04B	-
Corporate Growth	-	-282.40%	334.09%	-111.23%	1046.09%	-197.11%	-196.17%	102.30%	9947.50%	-
Reconciling Items	-	-3.47B	-4.02B	-2.5B	-3.06B	-3.39B	-3.65B	-3.58B	-4.26B	-
Reconciling Items Growth	-	-	-15.63%	37.64%	-22.36%	-10.47%	-7.94%	2.00%	-18.98%	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
North America	71.26B	73.75B	77.4B	83.29B	90.04B	90.95B	92.68B	96.73B	123.23B	139.32B
North America Growth	-	3.50%	4.94%	7.62%	8.10%	1.00%	1.90%	4.37%	27.40%	13.06%
Europe/Middle East/Africa	14.21B	13.84B	14.43B	16.18B	15.9B	16.57B	16.56B	18.77B	20.97B	22.35B
Europe/Middle East/Africa Growth	-	-2.56%	4.22%	12.17%	-1.72%	4.18%	-0.03%	13.31%	11.77%	6.57%
Asia-Pacific	6.15B	6.11B	5.8B	7.12B	7.27B	9.29B	9.65B	10.03B	10.61B	11.99B
Asia-Pacific Growth	-	-0.63%	-5.02%	22.64%	2.12%	27.77%	3.93%	3.84%	5.79%	13.11%
Latin America/Caribbean	1.92B	1.96B	1.99B	2.44B	2.41B	2.74B	2.76B	3.18B	3.29B	3.88B
Latin America/Caribbean Growth	-	1.87%	1.79%	22.12%	-0.99%	13.65%	0.58%	15.31%	3.65%	17.94%

Frequently Asked Questions

Valuation & Price

JPMorgan Chase & Co. (JPM) has a price-to-earnings (P/E) ratio of 15.7x. This is roughly in line with market averages.

Growth & Financials

JPMorgan Chase & Co. (JPM) grew revenue by 14.6% over the past year. This is steady growth.

Yes, JPMorgan Chase & Co. (JPM) is profitable, generating $58.03B in net income for fiscal year 2024 (21.6% net margin).

Dividend & Returns

Yes, JPMorgan Chase & Co. (JPM) pays a dividend with a yield of 1.65%. This makes it attractive for income-focused investors.

JPMorgan Chase & Co. (JPM) has a return on equity (ROE) of 17.4%. This is reasonable for most industries.

Industry Metrics

JPMorgan Chase & Co. (JPM) has a net interest margin (NIM) of 2.3%. NIM has been under pressure due to interest rate environment.

JPMorgan Chase & Co. (JPM) has an efficiency ratio of 30.9%. This is excellent, indicating strong cost control.

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