JPMorgan Chase & Co. (JPM)
NYSE:JPM
Want to see JPM full AI Analyst Report?
Top Page
JPMorgan Chase
(NYSE:JPM)
Select Model
Select Model
Rating:70Outperform
Price Target:
$332.00
â–²(7.00% Upside)
Action:Reiterated
Date:05/22/26
The score is driven primarily by strong underlying profitability and revenue scale, plus a relatively modest P/E valuation. These positives are tempered by balance-sheet leverage rising to higher levels, cash-flow volatility, and earnings-call risks tied to higher expenses, elevated card credit costs, and meaningful regulatory capital/RWA headwinds. Technically, momentum appears neutral-to-soft, limiting near-term confidence.
Positive Factors
Broad revenue scale and diversification
JPMorgan’s material revenue scale across consumer, corporate, markets and asset management creates durable diversification. Large, growing top line reduces reliance on any single cycle, enables cross-selling, funds investment, and sustains competitive advantage through scale economies over multiple market environments.
Negative Factors
Rising balance-sheet leverage
Material increase in leverage reduces financial flexibility and elevates sensitivity to funding and market stress. Higher debt-to-equity can amplify losses in downturns, constrain capital management options, and raise investor and regulator scrutiny, making long-term risk management and cost of capital more challenging.
Read all positive and negative factors
Positive Factors
Negative Factors
Broad revenue scale and diversification
JPMorgan’s material revenue scale across consumer, corporate, markets and asset management creates durable diversification. Large, growing top line reduces reliance on any single cycle, enables cross-selling, funds investment, and sustains competitive advantage through scale economies over multiple market environments.
Read all positive factors
JPMorgan Chase Key Performance Indicators (KPIs)
Any
Assets Under Management
Reflects the total market value of assets managed on behalf of clients, indicating the scale and influence of the firm's investment management operations.
Reflects the total market value of assets managed on behalf of clients, indicating the scale and influence of the firm's investment management operations.
Data provided by:
The Fly
The FlyJPMorgan Chase (JPM) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$809.16B
Dividend Yield1.79%
Average Volume (3M)8.10M
Price to Earnings (P/E)12.4
Beta (1Y)1.12
Revenue Growth1.33%
EPS Growth2.47%
CountryUS
Employees318,477
SectorFinancial
Sector Strength70
IndustryBanks - Diversified
Share Statistics
EPS (TTM)20.92
Shares Outstanding2,679,511,500
10 Day Avg. Volume8,517,521
30 Day Avg. Volume8,100,028
Financial Highlights & Ratios
PEG Ratio10.39
Price to Book (P/B)2.48
Price to Sales (P/S)3.21
P/FCF Ratio8.91
Enterprise Value/Market Cap2.14
Enterprise Value/Revenue6.08
Enterprise Value/Gross Profit9.99
Enterprise Value/Ebitda21.28
Forecast
1Y Price Target
$336.23Price Target Upside8.36% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering16
EPS Forecast (FY)22.28
Revenue Forecast (FY)$196.47B
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 CC...
How the Company Makes Money
JPMorgan Chase makes money primarily by earning interest income on loans and securities and by generating fee-based and market-driven revenue across its banking, markets, and asset management franchises. (1) Net interest income: A core earnings dr...
JPMorgan Chase Earnings Call Summary
Earnings Call Date:Apr 14, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 14, 2026
Earnings Call Sentiment Positive
The call reported strong top‑line growth, solid trading and investment banking performance, robust asset and wealth inflows, and healthy profitability metrics (net income, EPS, ROTCE). Offsets included rising expenses, meaningful regulatory capital and RWA headwinds from proposed Basel III/G‑SIB changes (estimated to require significant incremental capital), modest CET1 pressure, and ongoing credit cost items. Management emphasized resilient consumer behavior, disciplined underwriting, and ongoing capital deployment to serve clients, while flagging regulatory and cyber/AI risks that could constrain returns or growth in specific areas.Positive Updates
Strong overall earnings and profitability
Net income of $16.5 billion, EPS of $5.94 and ROTCE of 23%; firm revenue of $50.5 billion, up 10% year‑on‑year.
Negative Updates
Expenses elevated and rising
Noninterest expenses of $26.9 billion were up 14% year‑on‑year, driven by higher compensation (revenue‑related comp and front office hiring), brokerage and distribution fees and the absence of a prior‑year FDIC special accrual release; adjusted expense outlook remains about $105 billion for 2026.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong overall earnings and profitability
Net income of $16.5 billion, EPS of $5.94 and ROTCE of 23%; firm revenue of $50.5 billion, up 10% year‑on‑year.
Read all positive updates
Company Guidance
Management reiterated full‑year 2026 guidance with net interest income ex‑Markets of about $95 billion and total NII of roughly $103 billion (Market NII falling to ~ $8 billion, largely offset in NIR), adjusted expense guidance of about $105 billion, a Card net charge‑off rate of ~3.4% and Card loan growth targeted around 6% (firmwide deposit growth expected low‑ to‑mid single digits); for context the quarter produced net income $16.5B, EPS $5.94, ROTCE 23%, revenue $50.5B, expenses $26.9B, credit costs $2.5B (net charge‑offs $2.3B, net reserve build $191M), CET1 14.3% (‑30 bps), standardized RWA +$60B, and management is planning for a G‑SIB surcharge of 5.2% by 2028 (up from 4.5%), implying roughly $20B of incremental G‑SIB capital.JPMorgan Chase Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
74
Positive
Cash Flow
62
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 285.09B | 279.75B | 270.79B | 236.27B | 153.82B | 127.24B |
| Gross Profit | 173.52B | 167.61B | 158.78B | 145.67B | 121.39B | 130.91B |
| EBITDA | 81.46B | 81.42B | 83.02B | 69.12B | 53.22B | 67.49B |
| Net Income | 58.90B | 57.05B | 58.47B | 49.55B | 37.68B | 48.33B |
Balance Sheet | ||||||
| Total Assets | 4.90T | 4.42T | 4.00T | 3.88T | 3.67T | 3.74T |
| Cash, Cash Equivalents and Short-Term Investments | 1.86T | 1.48T | 1.37T | 1.23T | 1.12T | 1.36T |
| Total Debt | 1.23T | 942.38B | 751.15B | 653.07B | 542.50B | 548.94B |
| Total Liabilities | 4.54T | 4.06T | 3.66T | 3.55T | 3.37T | 3.45T |
| Stockholders Equity | 364.04B | 362.44B | 344.76B | 327.88B | 292.33B | 294.13B |
Cash Flow | ||||||
| Free Cash Flow | 140.94B | 100.87B | -42.01B | 12.97B | 107.12B | 78.08B |
| Operating Cash Flow | 140.94B | 100.87B | -42.01B | 12.97B | 107.12B | 78.08B |
| Investing Cash Flow | -613.91B | -514.21B | -163.40B | 67.64B | -137.82B | -129.34B |
| Financing Cash Flow | 352.15B | 269.53B | 63.45B | -25.57B | -126.26B | 275.99B |
JPMorgan Chase Technical Analysis
Neutral
310.29
Price Trends
300.72
Positive
304.00
Negative
303.16
Negative
Market Momentum
-1.36
Positive
49.19
Neutral
43.87
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 310.29 is above the 20-day moving average (MA) of 305.54, above the 50-day MA of 300.72, and above the 200-day MA of 303.16, indicating a neutral trend. The MACD of -1.36 indicates Positive momentum. The RSI at 49.19 is Neutral, neither overbought nor oversold. The STOCH value of 43.87 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JPM.
JPMorgan Chase Risk Analysis
JPMorgan Chase disclosed 44 risk factors in its most recent earnings report. JPMorgan Chase reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
JPMorgan Chase Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $311.94B | 11.46 | 16.38% | 2.14% | 16.32% | 29.43% | |
72 Outperform | $363.56B | 10.30 | 10.50% | 1.93% | -1.69% | 20.90% | |
70 Outperform | $809.16B | 12.43 | 16.32% | 1.79% | 1.33% | 2.47% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | $214.05B | 8.51 | 7.53% | 1.94% | 3.02% | 27.74% | |
65 Neutral | $231.99B | 11.96 | 12.04% | 1.80% | 1.28% | 16.35% | |
64 Neutral | $289.73B | 11.41 | 14.58% | 1.55% | 2.63% | 26.98% |
* Financial Sector Average
JPM
JPMorgan Chase
303.00
47.30
18.50%
BAC
Bank of America
51.49
9.13
21.56%
C
Citigroup
125.22
53.43
74.42%
MS
Morgan Stanley
200.51
77.23
62.64%
WFC
Wells Fargo
75.92
4.11
5.72%
GS
Goldman Sachs Group
988.17
402.08
68.60%
JPMorgan Chase Corporate Events
Business Operations and StrategyShareholder Meetings
JPMorgan Shareholders Back Board, Pay, and Governance Approach
Positive
May 21, 2026
JPMorgan Chase held its Annual Meeting of Shareholders on May 19, 2026, with 85.17% of outstanding shares represented, and shareholders elected all 11 director nominees, each receiving at least 92.37% of votes cast, underscoring strong support for...
Private Placements and FinancingRegulatory Filings and Compliance
JPMorgan Issues New Series PP Preferred Stock
Positive
May 7, 2026
On May 7, 2026, JPMorgan Chase Co. issued 300,000 shares of its 6.100% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series PP, each with a $10,000 liquidation preference, which were deposited to back 3,000,000 depositary shares, each represen...
Business Operations and StrategyRegulatory Filings and Compliance
JPMorgan Chase Tightens Governance With Amended Corporate Bylaws
Neutral
Apr 24, 2026
On April 21, 2026, JPMorgan Chase Co.’s board of directors approved amendments to the company’s by-laws, specifically updating the advancement provisions in Article IX.The revisions require that any advancement of fees or expenses to ...
Business Operations and StrategyPrivate Placements and Financing
JPMorgan Chase Issues $10 Billion in New Debt
Positive
Apr 23, 2026
On April 23, 2026, JPMorgan Chase Co. closed a series of registered public debt offerings totaling $10 billion across multiple tranches of floating rate and fixed-to-floating rate notes maturing between 2030 and 2037. The issuance, supported by a...
Financial DisclosuresRegulatory Filings and Compliance
JPMorgan Chase Reviews First-Quarter 2026 Earnings Outlook
Neutral
Apr 14, 2026
On April 14, 2026, JPMorgan Chase Co. held an investor presentation to review its first quarter 2026 earnings, supported by a slide deck made available on its website. The materials were furnished, rather than filed, under securities regulations,...
Business Operations and StrategyRegulatory Filings and Compliance
JPMorgan Chase Hosts Investor Company Update and Outlook
Neutral
Feb 23, 2026
On February 23, 2026, JPMorgan Chase Co. held a Company Update presentation for investors, featuring a firm overview, line-of-business discussions, and question-and-answer sessions with senior leaders including Chairman and CEO Jamie Dimon. The e...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.