JPMorgan Chase & Co. (JPM) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
JPMorgan Chase & Co. (JPM) stock price & volume — 10-year historical chart
JPMorgan Chase & Co. (JPM) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
JPMorgan Chase & Co. (JPM) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 14, 2026 | $5.94vs $5.47+8.6% | $49.8Bvs $49.2B+1.3% |
| Q1 2026 | Jan 13, 2026 | $4.63vs $4.85-4.5% | $45.8Bvs $46.2B-0.8% |
| Q4 2025 | Oct 14, 2025 | $5.07vs $4.85+4.5% | $46.4Bvs $45.5B+2.1% |
| Q3 2025 | Jul 15, 2025 | $4.96vs $4.48+10.7% | $44.9Bvs $43.8B+2.4% |
JPMorgan Chase & Co. (JPM) competitors in North American universal banks — business model, growth, and fundamentals comparison
JPMorgan Chase & Co. (JPM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
JPMorgan Chase & Co. (JPM) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Interest Income | 46.08B | 50.1B | 55.06B | 57.24B | 54.56B | 52.31B | 66.71B | 89.27B | 92.58B | 93.8B |
| NII Growth % | 5.91% | 8.71% | 9.9% | 3.97% | -4.69% | -4.13% | 27.53% | 33.81% | 3.71% | 2.35% |
| Net Interest Margin % | 1.85% | 1.98% | 2.1% | 2.13% | 1.61% | 1.4% | 1.82% | 2.3% | 2.31% | 2.06% |
| Interest Income | 55.9B | 63.97B | 76.1B | 84.04B | 64.52B | 57.86B | 92.81B | 170.59B | 193.93B | 192.1B |
| Interest Expense | 9.82B | 13.87B | 21.04B | 26.8B | 9.96B | 5.55B | 26.1B | 81.32B | 101.35B | 98.3B |
| Loan Loss Provision | 5.36B | 5.29B | 4.87B | 5.58B | 17.41B | -9.22B | 6.33B | 9.28B | 10.65B | 12.24B |
| Non-Interest Income | 50.49B | 50.61B | 53.72B | 58.48B | 65.32B | 69.37B | 61.02B | 65.69B | 76.86B | 85.63B |
| Non-Interest Income % | 47.46% | 44.17% | 41.38% | 41.03% | 50.31% | 54.52% | 39.67% | 27.8% | 28.38% | 30.83% |
| Total Revenue | 106.39B▲ 0% | 114.58B▲ 7.7% | 129.82B▲ 13.3% | 142.51B▲ 9.8% | 129.84B▼ 8.9% | 127.24B▼ 2.0% | 153.82B▲ 20.9% | 236.27B▲ 53.6% | 270.79B▲ 14.6% | 277.73B▲ 0% |
| Revenue Growth % | 5.33% | 7.7% | 13.31% | 9.78% | -8.89% | -2.01% | 20.89% | 53.6% | 14.61% | 18.46% |
| Non-Interest Expense | 56.67B | 59.52B | 63.15B | 65.27B | 66.66B | 71.34B | 75.23B | 84.06B | 83.7B | 94.38B |
| Efficiency Ratio | 53.27% | 51.94% | 48.64% | 45.8% | 51.34% | 56.07% | 48.9% | 35.58% | 30.91% | 33.98% |
| Operating Income | 34.54B▲ 0% | 35.9B▲ 3.9% | 40.76B▲ 13.5% | 44.87B▲ 10.1% | 35.81B▼ 20.2% | 59.56B▲ 66.3% | 46.17B▼ 22.5% | 61.61B▲ 33.5% | 75.08B▲ 21.9% | 72.81B▲ 0% |
| Operating Margin % | 32.46% | 31.33% | 31.4% | 31.48% | 27.58% | 46.81% | 30.01% | 26.08% | 27.73% | 26.22% |
| Operating Income Growth % | 12.49% | 3.95% | 13.55% | 10.06% | -20.17% | 66.3% | -22.49% | 33.46% | 21.86% | - |
| Pretax Income | 34.54B▲ 0% | 35.9B▲ 3.9% | 40.76B▲ 13.5% | 44.87B▲ 10.1% | 35.81B▼ 20.2% | 59.56B▲ 66.3% | 46.17B▼ 22.5% | 61.61B▲ 33.5% | 75.08B▲ 21.9% | 72.81B▲ 0% |
| Pretax Margin % | 32.46% | 31.33% | 31.4% | 31.48% | 27.58% | 46.81% | 30.01% | 26.08% | 27.73% | 26.22% |
| Income Tax | 9.8B | 11.46B | 8.29B | 8.44B | 6.68B | 11.23B | 8.49B | 12.06B | 16.61B | 14.78B |
| Effective Tax Rate % | 28.38% | 31.92% | 20.34% | 18.8% | 18.66% | 18.85% | 18.39% | 19.57% | 22.12% | 20.3% |
| Net Income | 24.73B▲ 0% | 24.44B▼ 1.2% | 32.47B▲ 32.9% | 36.43B▲ 12.2% | 29.13B▼ 20.0% | 48.33B▲ 65.9% | 37.68B▼ 22.1% | 49.55B▲ 31.5% | 58.47B▲ 18.0% | 58.03B▲ 0% |
| Net Margin % | 23.25% | 21.33% | 25.01% | 25.56% | 22.44% | 37.99% | 24.49% | 20.97% | 21.59% | 20.89% |
| Net Income Growth % | 1.19% | -1.18% | 32.87% | 12.19% | -20.04% | 65.92% | -22.05% | 31.52% | 18% | 7.91% |
| Net Income (Continuing) | 24.73B | 24.44B | 32.47B | 36.43B | 29.13B | 48.33B | 37.68B | 49.55B | 58.47B | 58.03B |
| EPS (Diluted) | 6.19▲ 0% | 6.31▲ 1.9% | 9.00▲ 42.6% | 10.72▲ 19.1% | 8.88▼ 17.2% | 15.36▲ 73.0% | 12.09▼ 21.3% | 16.23▲ 34.2% | 19.75▲ 21.7% | 20.77▲ 0% |
| EPS Growth % | 3.17% | 1.94% | 42.63% | 19.11% | -17.16% | 72.97% | -21.29% | 34.24% | 21.69% | 12.35% |
| EPS (Basic) | 6.24 | 6.35 | 9.04 | 10.75 | 8.89 | 15.39 | 12.10 | 16.25 | 19.79 | - |
| Diluted Shares Outstanding | 3.65B | 3.58B | 3.41B | 3.23B | 3.09B | 3.03B | 2.97B | 2.94B | 2.88B | 2.79B |
JPMorgan Chase & Co. (JPM) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 628.53B | 633.53B | 509.19B | 604B | 883.56B | 1.03T | 763.93B | 816.64B | 1.66T | 7.52T |
| Cash & Due from Banks | 389.63B | 431.3B | 278.79B | 263.63B | 527.61B | 740.83B | 567.23B | 624.15B | 469.32B | 303.44B |
| Short Term Investments | 238.89B | 202.22B | 230.39B | 340.37B | 355.95B | 290.26B | 196.7B | 192.49B | 1.19T | 1.62T |
| Total Investments | 1.24T | 1.22T | 1.23T | 1.37T | 1.54T | 1.72T | 1.74T | 1.86T | 1.99T | 2.19T |
| Investments Growth % | 10.69% | -0.99% | 0.77% | 11.31% | 12.38% | 11.22% | 1.32% | 7.23% | 7.04% | 40.06% |
| Long-Term Investments | 996.91B | 1.02T | 1T | 1.03T | 1.19T | 1.43T | 1.54T | 1.67T | 801.4B | 2.39T |
| Accounts Receivables | 52.33B | 67.73B | 73.2B | 72.86B | 90.5B | 102.57B | 125.19B | 107.36B | 101.22B | 141.88B |
| Goodwill & Intangibles | 54.25B | 54.39B | 54.35B | 53.34B | 53.43B | 56.69B | 60.86B | 64.38B | 64.56B | 64.44B |
| Goodwill | 47.29B | 47.51B | 47.47B | 47.82B | 49.25B | 50.31B | 51.66B | 52.63B | 52.56B | 52.72B |
| Intangible Assets | 6.96B | 6.88B | 6.88B | 5.52B | 4.18B | 6.38B | 9.2B | 11.75B | 11.99B | 11.72B |
| PP&E (Net) | 14.13B | 14.16B | 14.93B | 25.81B | 27.11B | 27.07B | 27.73B | 30.16B | 32.22B | 35.06B |
| Other Assets | 744.83B | 742.44B | 968.32B | 899.32B | 1.14T | 1.1T | 1.15T | 1.19T | 1.12T | 1.58T |
| Total Current Assets | 680.86B | 701.26B | 582.39B | 676.87B | 974.06B | 1.13T | 889.12B | 924B | 1.98T | 2.31T |
| Total Non-Current Assets | 1.81T | 1.83T | 2.04T | 2.01T | 2.41T | 2.61T | 2.78T | 2.95T | 2.02T | 2.25T |
| Total Assets | 2.49T▲ 0% | 2.53T▲ 1.7% | 2.62T▲ 3.5% | 2.69T▲ 2.5% | 3.38T▲ 26.0% | 3.74T▲ 10.6% | 3.67T▼ 2.1% | 3.88T▲ 5.7% | 4T▲ 3.3% | 4.56T▲ 0% |
| Asset Growth % | 5.92% | 1.71% | 3.51% | 2.47% | 25.95% | 10.6% | -2.08% | 5.72% | 3.29% | 28.02% |
| Return on Assets (ROA) | 1.02% | 0.97% | 1.26% | 1.37% | 0.96% | 1.36% | 1.02% | 1.31% | 1.48% | 1.27% |
| Accounts Payable | 109.84B | 102.73B | 114.79B | 118.38B | 140.29B | 169.17B | 188.69B | 161.96B | 153.15B | 0 |
| Total Debt | 495.35B | 494.8B | 533.63B | 516.09B | 542.1B | 548.94B | 542.5B | 653.07B | 751.15B | 1.06T |
| Net Debt | 105.72B | 63.49B | 254.83B | 252.46B | 14.49B | -191.9B | -24.73B | 28.92B | 281.83B | 760.7B |
| Long-Term Debt | 295.25B | 284.08B | 282.03B | 291.5B | 281.69B | 301B | 295.87B | 391.82B | 389.84B | 427.2B |
| Short-Term Debt | 200.11B | 210.72B | 251.6B | 224.59B | 260.42B | 247.93B | 246.64B | 261.25B | 361.31B | 636.93B |
| Other Liabilities | 42.85B | 30.98B | 26.04B | 24.24B | 25.28B | 20.55B | 23.91B | 192.21B | 194.5B | 391.53B |
| Total Current Liabilities | 1.9T | 1.96T | 2.06T | 2.11T | 2.8T | 3.13T | 3.05T | 2.96T | 3.07T | 3.38T |
| Total Non-Current Liabilities | 338.09B | 315.06B | 308.07B | 315.74B | 306.96B | 321.56B | 319.77B | 584.04B | 584.34B | 818.73B |
| Total Liabilities | 2.24T | 2.28T | 2.37T | 2.43T | 3.11T | 3.45T | 3.37T | 3.55T | 3.66T | 4.2T |
| Total Equity | 254.19B▲ 0% | 255.69B▲ 0.6% | 256.51B▲ 0.3% | 261.33B▲ 1.9% | 279.35B▲ 6.9% | 294.13B▲ 5.3% | 292.33B▼ 0.6% | 327.88B▲ 12.2% | 344.76B▲ 5.1% | 360.21B▲ 0% |
| Equity Growth % | 2.67% | 0.59% | 0.32% | 1.88% | 6.9% | 5.29% | -0.61% | 12.16% | 5.15% | 18.5% |
| Equity / Assets (Capital Ratio) | 10.2% | 10.09% | 9.78% | 9.72% | 8.25% | 7.86% | 7.97% | 8.46% | 8.61% | 7.9% |
| Return on Equity (ROE) | 9.86% | 9.59% | 12.68% | 14.07% | 10.78% | 16.86% | 12.85% | 15.98% | 17.39% | 16.11% |
| Book Value per Share | 69.64 | 71.49 | 75.14 | 80.90 | 90.48 | 97.18 | 98.43 | 111.41 | 119.75 | 128.94 |
| Tangible BV per Share | 54.78 | 56.28 | 59.22 | 64.38 | 73.18 | 78.45 | 77.94 | 89.53 | 97.32 | 105.87 |
| 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 | 91.63B | 90.58B | 89.16B | 88.52B | 88.39B | 88.42B | 89.04B | 90.13B | 90.91B | 90.86B |
| Retained Earnings | 162.44B | 177.68B | 199.2B | 223.21B | 236.99B | 272.27B | 296.46B | 332.9B | 376.17B | 407.4B |
| Accumulated OCI | -1.18B | -119M | -1.51B | 1.57B | 7.99B | -84M | -17.34B | -10.44B | -12.46B | -5.88B |
| Treasury Stock | -28.85B | -42.59B | -60.49B | -83.05B | -88.18B | -105.42B | -107.34B | -116.22B | -134.02B | -156.33B |
| Preferred Stock | 26.07B | 26.07B | 26.07B | 26.99B | 30.06B | 34.84B | 27.4B | 27.4B | 20.05B | 20.05B |
JPMorgan Chase & Co. (JPM) cash flow — operating, investing & free cash flow history
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 21.88B | -10.83B | 15.61B | 4.09B | -79.91B | 78.08B | 107.12B | 12.97B | -42.01B | -42.01B |
| Operating CF Growth % | -70.21% | -149.47% | 244.21% | -73.79% | -2052.83% | 197.71% | 37.18% | -87.89% | -423.82% | 97.73% |
| Net Income | 24.73B | 24.44B | 32.47B | 36.43B | 29.13B | 48.33B | 37.68B | 49.55B | 58.47B | 58.03B |
| Depreciation & Amortization | 5.48B | 6.18B | 7.79B | 8.37B | 8.61B | 7.93B | 7.05B | 7.51B | 7.94B | 8.47B |
| Deferred Taxes | 4.65B | 2.31B | 1.72B | 1.27B | -3.57B | 3.75B | -2.74B | -4.53B | 2B | 6.4B |
| Other Non-Cash Items | 0 | 13.87B | -2.74B | 11.94B | 31.23B | -17.83B | 32.44B | 16.61B | 3.79B | 14.68B |
| Working Capital Changes | -17.4B | -57.63B | -23.64B | -53.92B | -145.31B | 35.9B | 32.69B | -56.17B | -114.22B | -207.33B |
| Cash from Investing | -89.2B | 28.25B | -199.42B | -52.06B | -261.91B | -129.34B | -137.82B | 67.64B | -163.4B | -294.83B |
| Purchase of Investments | -124.1B | -107.66B | -104.46B | -255.58B | -409.55B | -360.54B | -159.93B | -119.64B | -357.42B | -383.97B |
| Sale/Maturity of Investments | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 4M |
| Net Investment Activity | -124.1B | -107.66B | -104.46B | -255.58B | -409.54B | -360.54B | -159.93B | -119.64B | -357.42B | -383.96B |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -9.92B | -2.36B | 0 |
| Other Investing | -85.86B | -14.97B | -181.37B | 77.71B | -81.16B | -32.52B | -150.29B | -18.03B | -46.11B | -147.21B |
| Cash from Financing | 98.27B | 14.64B | 34.16B | 32.99B | 596.64B | 275.99B | -126.26B | -25.57B | 63.45B | 277.38B |
| Dividends Paid | -8.48B | -8.99B | -10.11B | -12.34B | -12.69B | -12.86B | -13.56B | -13.46B | -14.78B | -16.07B |
| Share Repurchases | -9.08B | -16.67B | -21.68B | -28.08B | -7.95B | -20.98B | -10.6B | -9.82B | -28.68B | -32.23B |
| Stock Issued | 0 | 1.26B | 1.7B | 5B | 4.5B | 7.35B | 0 | 0 | 2.5B | 3B |
| Net Stock Activity | -9.08B | -15.41B | -19.98B | -23.08B | -3.45B | -13.63B | -10.6B | -9.82B | -26.18B | -29.23B |
| Debt Issuance (Net) | 1000K | -1000K | 1000K | -1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 4M |
| Other Financing | 104.17B | 49.31B | 50.42B | 105.49B | 634.71B | 267.23B | -126B | -10.89B | 83.66B | 298.29B |
| Net Change in Cash | 29.47B▲ 0% | 40.15B▲ 36.2% | -152.51B▼ 479.9% | -15.16B▲ 90.1% | 263.98B▲ 1841.0% | 213.22B▼ 19.2% | -173.6B▼ 181.4% | 56.92B▲ 132.8% | -154.83B▼ 372.0% | -130.82B▲ 0% |
| Exchange Rate Effect | -1000K | 1000K | -1000K | -1000K | 1000K | -1000K | -1000K | 1000K | -1000K | 0 |
| Cash at Beginning | 361.68B | 391.15B | 431.3B | 278.79B | 263.63B | 527.61B | 740.83B | 567.23B | 624.15B | 420.33B |
| Cash at End | 391.15B | 431.3B | 278.79B | 263.63B | 527.61B | 740.83B | 567.23B | 624.15B | 469.32B | 303.44B |
| Interest Paid | 9.51B | 14.15B | 21.15B | 29.92B | 13.08B | 5.14B | 23.14B | 77.11B | 99.64B | 97.63B |
| Income Taxes Paid | 2.4B | 4.33B | 3.54B | 6.22B | 8.14B | 18.74B | 4.36B | 9.91B | 11.71B | 6.02B |
| Free Cash Flow | 21.88B▲ 0% | -10.83B▼ 149.5% | 15.61B▲ 244.2% | 4.09B▼ 73.8% | -79.91B▼ 2052.8% | 78.08B▲ 197.7% | 107.12B▲ 37.2% | 12.97B▼ 87.9% | -42.01B▼ 423.8% | -119.75B▲ 0% |
| FCF Growth % | -70.21% | -149.47% | 244.21% | -73.79% | -2052.83% | 197.71% | 37.18% | -87.89% | -423.82% | 7.56% |
JPMorgan Chase & Co. (JPM) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 9.86% | 9.59% | 12.68% | 14.07% | 10.78% | 16.86% | 12.85% | 15.98% | 17.39% | 16.11% |
| Return on Assets (ROA) | 1.02% | 0.97% | 1.26% | 1.37% | 0.96% | 1.36% | 1.02% | 1.31% | 1.48% | 1.27% |
| Net Interest Margin | 1.85% | 1.98% | 2.1% | 2.13% | 1.61% | 1.4% | 1.82% | 2.3% | 2.31% | 2.06% |
| Efficiency Ratio | 53.27% | 51.94% | 48.64% | 45.8% | 51.34% | 56.07% | 48.9% | 35.58% | 30.91% | 33.98% |
| Equity / Assets | 10.2% | 10.09% | 9.78% | 9.72% | 8.25% | 7.86% | 7.97% | 8.46% | 8.61% | 7.9% |
| Book Value / Share | 69.64 | 71.49 | 75.14 | 80.9 | 90.48 | 97.18 | 98.43 | 111.41 | 119.75 | 128.94 |
| NII Growth | 5.91% | 8.71% | 9.9% | 3.97% | -4.69% | -4.13% | 27.53% | 33.81% | 3.71% | 0.55% |
| Dividend Payout | 34.27% | 36.79% | 31.13% | 33.88% | 43.56% | 26.6% | 36% | 27.17% | 25.28% | 27.69% |
JPMorgan Chase & Co. (JPM) stock FAQ — growth, dividends, profitability & financials explained
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).
Yes, JPMorgan Chase & Co. (JPM) pays a dividend with a yield of 1.66%. 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.
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.
JPMorgan Chase & Co. (JPM) financial analysis — history, returns, DCA and operating performance tools
Analyst verdict, bull/bear case, risk factors and peer comparison
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates