JPMorgan Chase (JPM) AI Stock Analysis

• Market Cap: $832.71B
• Dividend Yield: 1.79%
• Average Volume (3M): 9.62M
• Price to Earnings (P/E): 15.3
• Beta (1Y): 1.17
• Revenue Growth: 1.89%
• EPS Growth: 12.32%
• Country: US
• Employees: 318,477
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Diversified
• EPS (TTM): 4.63
• Shares Outstanding: 2,722,262,200
• 10 Day Avg. Volume: 10,115,979
• 30 Day Avg. Volume: 9,616,932
• PEG Ratio: 0.54
• Price to Book (P/B): 2.00
• Price to Sales (P/S): 2.54
• P/FCF Ratio: -16.40
• Enterprise Value/Market Cap: 1.19
• Enterprise Value/Revenue: 3.56
• Enterprise Value/Gross Profit: 5.92
• Enterprise Value/Ebitda: 12.17
• 1Y Price Target: $347.35
• Price Target Upside: 13.55% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 22
• EPS Forecast (FY): 21.34
• Revenue Forecast (FY): $193.67B

• Rating: 69 Neutral
• Price Target: $331.00 ▲(8.21% Upside)

The score is driven primarily by solid underlying profitability and capital metrics, tempered by weak cash-flow conversion. Technical indicators point to near-term bearish momentum, while valuation looks reasonable and earnings-call guidance supports franchise strength but highlights 2026 expense growth, rising card credit losses, and policy/regulatory risks.

Positive Factors

High margins & ROE

Sustained high margins and a mid-teens ROE indicate the firm converts revenue into profits efficiently across cycles. This durable profitability supports reinvestment, dividend capacity and capital allocation flexibility, strengthening long-term franchise resilience.

Diversified fee and flow businesses

Material contribution from CIB and AWM, plus large, persistent asset inflows, provides durable, less rate-sensitive fee income and client liquidity. Diversified, high‑margin businesses reduce earnings cyclicality and underpin sustainable revenue mix over multi‑quarter horizons.

Improving leverage profile

A lower debt-to-equity ratio and stable equity ratio reflect better leverage discipline and a solid capital structure. This enhances loss-absorption capacity, supports regulatory ratios and provides room for strategic deployments without materially increasing solvency risk.

Negative Factors

Weak cash conversion

Persistent negative operating and free cash flow signals inefficiency converting earnings into cash, limiting internal funding for investments, buybacks or extraordinary losses. Over months this can force reliance on wholesale funding or debt issuance, raising structural funding risk.

Rising expense base

A materially higher expense run‑rate driven by hiring, technology and strategic investments will pressure operating leverage. If revenue growth lags these investments, margin compression and lower incremental returns on capital could persist across the next several quarters.

Apple Card reserve and RWA hit

The Apple Card purchase materially raised reserves and near‑term RWA, creating a capital drag and more complex capital planning. These structural impacts can constrain capital returns and require protracted management actions until advanced RWA and allowances normalize.

JPMorgan Chase Business Overview & Revenue Model

Company Description

JPMorgan 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.

How the Company Makes Money

JPMorgan Chase generates revenue through several key streams. The bulk of its income comes from net interest income, which arises from the interest earned on loans and securities minus the interest paid on deposits and borrowings. Additionally, the company earns substantial fees from its investment banking activities, including advisory services for mergers and acquisitions, underwriting of securities, and market-making activities. The Asset & Wealth Management segment contributes through management fees and performance-based fees from investment products. Furthermore, the Commercial Banking division generates revenue through lending, treasury services, and other financial products targeted at mid-sized businesses. Strategic partnerships, such as collaborations with technology firms for fintech solutions, also enhance its service offerings and revenue potential, while a strong global presence allows it to capitalize on international markets.

JPMorgan Chase Financial Statement Overview

Summary

Strong profitability and margins with solid ROE (16.42%) and improved leverage, but the TTM shows negative operating and free cash flow, which meaningfully drags the financial profile despite otherwise strong results.

Income Statement

JPMorgan Chase demonstrates strong revenue growth with a TTM revenue growth rate of 0.81%. The company maintains healthy margins, with a gross profit margin of 60.21% and a net profit margin of 20.89% in the TTM period. EBIT and EBITDA margins are also robust at 26.21% and 29.10%, respectively, indicating efficient operational management. Overall, the income statement reflects solid profitability and growth.

Balance Sheet

The balance sheet shows a moderate debt-to-equity ratio of 1.38 in the TTM period, which is an improvement from previous years, indicating better leverage management. Return on equity is strong at 16.42%, showcasing effective use of equity capital. The equity ratio is stable, reflecting a solid capital structure. However, the high total debt remains a potential risk factor.

Cash Flow

JPMorgan Chase's cash flow statement reveals challenges, with negative operating and free cash flows in the TTM period. The free cash flow growth rate is significantly negative, indicating cash flow management issues. The operating cash flow to net income ratio is negative, suggesting inefficiencies in converting income to cash. Despite these challenges, the free cash flow to net income ratio remains at 1.0, indicating some level of cash flow stability relative to net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	277.73B	270.79B	236.27B	153.82B	127.24B	129.84B
Gross Profit	167.19B	158.78B	145.67B	121.39B	130.91B	102.47B
EBITDA	81.28B	83.02B	69.12B	53.22B	67.49B	44.43B
Net Income	58.03B	58.47B	49.55B	37.68B	48.33B	29.13B
Balance Sheet
Total Assets	4.56T	4.00T	3.88T	3.67T	3.74T	3.38T
Cash, Cash Equivalents and Short-Term Investments	1.92T	1.66T	816.64B	763.93B	1.03T	883.56B
Total Debt	1.06T	751.15B	653.07B	542.50B	548.94B	542.10B
Total Liabilities	4.20T	3.66T	3.55T	3.37T	3.45T	3.11T
Stockholders Equity	360.21B	344.76B	327.88B	292.33B	294.13B	279.35B
Cash Flow
Free Cash Flow	-119.75B	-42.01B	12.97B	107.12B	78.08B	-79.91B
Operating Cash Flow	-119.75B	-42.01B	12.97B	107.12B	78.08B	-79.91B
Investing Cash Flow	-294.83B	-163.40B	67.64B	-137.82B	-129.34B	-261.91B
Financing Cash Flow	277.38B	63.45B	-25.57B	-126.26B	275.99B	596.64B

JPMorgan Chase Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 305.89
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JPM, the sentiment is Neutral. The current price of 305.89 is below the 20-day moving average (MA) of 312.34, below the 50-day MA of 312.59, and above the 200-day MA of 291.28, indicating a neutral trend. The MACD of -3.65 indicates Positive momentum. The RSI at 47.51 is Neutral, neither overbought nor oversold. The STOCH value of 67.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JPM.

JPMorgan Chase Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GS	78 Outperform	$280.56B	18.23	13.91%	1.55%	2.31%	44.49%
MS	76 Outperform	$290.53B	17.90	16.34%	2.14%	7.22%	48.18%
WFC	71 Outperform	$279.85B	14.46	11.85%	1.80%	-4.37%	26.41%
JPM	69 Neutral	$832.71B	15.28	16.06%	1.79%	1.89%	12.32%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
BAC	65 Neutral	$388.49B	13.96	10.23%	1.93%	0.15%	33.84%
C	60 Neutral	$207.04B	16.55	6.72%	1.94%	-0.62%	105.57%

JPMorgan Chase Corporate Events

JPMorgan Board Boosts CEO Jamie Dimon 2025 Pay

In January 2026, JPMorgan Chase’s independent directors approved a 2025 compensation package of $43 million for CEO Jamie Dimon, up from $39 million the prior year, citing his stewardship of the firm’s market‑leading franchises, continued strong financial performance and balance sheet strength, and effective leadership succession planning. The package consists of a $1.5 million base salary and $41.5 million in variable incentive pay, the bulk of which is delivered as at‑risk performance share units tied to return on tangible common equity and governed by stringent vesting, holding, clawback, and recapture provisions, reflecting the board’s emphasis on long‑term, performance‑aligned pay and alignment with shareholder interests. Under Dimon’s leadership in 2025, the bank reported its eighth consecutive year of record revenue at $185.6 billion, net income of $57.0 billion with a 20% ROTCE, an increased quarterly dividend, and robust capital and liquidity metrics, while deploying approximately $3.3 trillion in credit and capital for clients, investing heavily in technology and AI, and opening its new global headquarters at 270 Park Avenue in New York, developments that reinforce its competitive position and capacity to invest in future growth and community support.

The most recent analyst rating on (JPM) stock is a Buy with a $363.00 price target. To see the full list of analyst forecasts on JPMorgan Chase stock, see the JPM Stock Forecast page.

JPMorgan Chase Issues $6 Billion in New Debt

On January 22, 2026, JPMorgan Chase & Co. completed public offerings totaling $6 billion in new debt, consisting of $400 million of floating rate notes due 2032, $2.6 billion of fixed-to-floating rate notes due 2032, and $3 billion of fixed-to-floating rate notes due 2037, all issued under an existing shelf registration statement. These note offerings further diversify and extend the maturity profile of the firm’s funding base, reinforcing its capital markets presence and supporting its ongoing financing and liquidity management activities.

The most recent analyst rating on (JPM) stock is a Buy with a $363.00 price target. To see the full list of analyst forecasts on JPMorgan Chase stock, see the JPM Stock Forecast page.

JPMorgan Chase Reviews Q4 2025 Results in Investor Presentation

On January 13, 2026, JPMorgan Chase & Co. held an investor presentation to review its fourth-quarter 2025 earnings, supported by a deck of slides made available on its website in connection with the event. The materials were furnished rather than filed under U.S. securities laws, and the firm emphasized that the presentation contained forward-looking statements subject to significant risks and uncertainties, directing investors to its previously filed 2024 Form 10-K and 2025 Form 10-Qs for a fuller discussion of factors that could cause actual results to differ, underscoring the regulatory and disclosure framework surrounding its earnings communication to stakeholders.

The most recent analyst rating on (JPM) stock is a Buy with a $391.00 price target. To see the full list of analyst forecasts on JPMorgan Chase stock, see the JPM Stock Forecast page.

JPMorgan Chase Reviews Q4 2025 Results in Investor Presentation

On January 13, 2026, JPMorgan Chase & Co. held an investor presentation to review its fourth-quarter 2025 earnings, supported by a deck of slides made available on its website in connection with the event. The materials were furnished rather than filed under U.S. securities laws, and the firm emphasized that the presentation contained forward-looking statements subject to significant risks and uncertainties, directing investors to its previously filed 2024 Form 10-K and 2025 Form 10-Qs for a fuller discussion of factors that could cause actual results to differ, underscoring the regulatory and disclosure framework surrounding its earnings communication to stakeholders.

The most recent analyst rating on (JPM) stock is a Buy with a $391.00 price target. To see the full list of analyst forecasts on JPMorgan Chase stock, see the JPM Stock Forecast page.

JPMorgan Chase Board Member Todd Combs Resigns

On December 7, 2025, Todd A. Combs announced his resignation from the Board of Directors of JPMorgan Chase & Co., effective immediately. His departure is not due to any disagreements with the company, indicating a smooth transition and continuity in the board’s operations.

The most recent analyst rating on (JPM) stock is a Hold with a $338.00 price target. To see the full list of analyst forecasts on JPMorgan Chase stock, see the JPM Stock Forecast page.