JPMorgan Chase (JPM) AI Stock Analysis

• Market Cap: $801.83B
• Dividend Yield: 1.79%
• Average Volume (3M): 11.06M
• Price to Earnings (P/E): 14.9
• Beta (1Y): 1.19
• 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: 2,697,032,500
• 10 Day Avg. Volume: 8,475,580
• 30 Day Avg. Volume: 11,055,677
• PEG Ratio: 10.39
• Price to Book (P/B): 2.48
• Price to Sales (P/S): 3.21
• P/FCF Ratio: 8.91
• Enterprise Value/Market Cap: 1.22
• Enterprise Value/Revenue: 3.48
• Enterprise Value/Gross Profit: 5.79
• Enterprise Value/Ebitda: 12.32
• 1Y Price Target: $347.88
• Price Target Upside: 17.01% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 20
• EPS Forecast (FY): 21.52
• Revenue Forecast (FY): $194.81B

• Rating: 67 Neutral
• Price Target: $328.00 ▲(10.33% Upside)
• Action: Reiterated Date: 02/14/26
• Date: Action: Reiterated 02/14/26

The score is driven primarily by strong profitability and a solid balance sheet, offset by weak/uncertain cash-flow quality. Earnings-call guidance supports the franchise outlook but points to near-term headwinds from higher 2026 expenses, Apple Card-related capital impacts, and rising card credit costs/regulatory risk. Technicals are a modest additional drag given weak momentum and price below key short/mid-term moving averages, while valuation is supportive with a moderate P/E and dividend.

Positive Factors

Diversified franchise and resilient revenue mix

JPMorgan’s revenue is meaningfully diversified across Consumer, Corporate & Investment Banking, Commercial and Asset & Wealth Management. This multi‑segment mix reduces single‑cycle exposure, helping stabilize earnings through market cycles and supporting durable fee and NII streams across business lines.

High‑margin, sticky asset management flows

Large, sustained net inflows into Asset & Wealth Management create recurring fee income and high pretax margins. Sticky client assets increase lifetime fee visibility, reduce earnings volatility versus trading, and bolster franchise value while funding long‑term growth investments and cross‑sell opportunities.

Strong capital buffer and improving leverage

A CET1 ratio in the mid‑teens and improving leverage provide a durable capital cushion to absorb credit losses, fund lending and strategic investments, and sustain dividends/repurchases. Robust capital metrics support regulatory flexibility and long‑term franchise resilience amid episodic shocks.

Negative Factors

Weak/volatile cash‑flow conversion

Reported zero operating and free cash flow in the trailing twelve months, after swings in prior years, signals inconsistent conversion of accounting earnings to cash. This hampers predictable capacity for buybacks, discretionary capital returns, and creates reliance on capital markets or retained earnings to fund investments and lending.

Rising, investment‑driven expense profile

Sizable planned expense growth to fund technology, AI, hiring and real‑estate catch‑up is strategic but compresses operating leverage unless productivity gains materialize. Higher fixed costs raise break‑even revenue needs and could restrain margin expansion if revenue or NII growth disappoints.

Apple Card deal, reserve/RWA hit and card credit/regulatory risks

The Apple Card forward purchase materially increased RWA and prompted a large reserve, temporarily pressuring capital and adding RWA volatility. Coupled with rising card charge‑off guidance and policy discussions on rate caps, these factors can structurally compress card economics and constrain consumer loan profitability.

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 revenue growth and robust profitability support a high income-statement score (86) and solid balance-sheet score (78) with improving leverage and attractive ROE. The key drag is cash-flow quality (score 38) given reported zero operating/free cash flow in TTM and multi-year volatility, which reduces confidence in earnings-to-cash conversion.

Income Statement

TTM (Trailing-Twelve-Months) revenue is up strongly versus the prior year, and profitability remains robust with healthy net profit and operating margins. Net income is also holding near peak levels. Offsetting this, margins have drifted down from 2024 and are well below the unusually elevated 2021 level, suggesting profitability is solid but not expanding.

Balance Sheet

The balance sheet shows improving leverage, with debt-to-equity down meaningfully in TTM (Trailing-Twelve-Months) versus 2024, supported by higher equity. Returns on equity remain attractive and fairly steady across the period. The key watchout is that absolute debt remains large and leverage is still elevated versus typical non-bank companies (though common for diversified banks), leaving less room for error if credit conditions worsen.

Cash Flow

Cash generation is the weakest area: operating cash flow and free cash flow are reported at zero in TTM (Trailing-Twelve-Months), following a negative 2024 and multiple years of large swings (including significantly positive 2022 and negative 2020). This volatility reduces confidence in near-term cash conversion and makes trend quality difficult to assess based on the provided figures.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	280.35B	270.79B	236.27B	153.82B	127.24B
Gross Profit	168.24B	158.78B	145.67B	121.39B	130.91B
EBITDA	72.59B	83.02B	69.12B	53.22B	67.49B
Net Income	57.05B	58.47B	49.55B	37.68B	48.33B
Balance Sheet
Total Assets	4.42T	4.00T	3.88T	3.67T	3.74T
Cash, Cash Equivalents and Short-Term Investments	850.54B	1.66T	816.64B	763.93B	1.03T
Total Debt	499.98B	751.15B	653.07B	542.50B	548.94B
Total Liabilities	4.06T	3.66T	3.55T	3.37T	3.45T
Stockholders Equity	362.44B	344.76B	327.88B	292.33B	294.13B
Cash Flow
Free Cash Flow	100.87B	-42.01B	12.97B	107.12B	78.08B
Operating Cash Flow	100.87B	-42.01B	12.97B	107.12B	78.08B
Investing Cash Flow	-514.21B	-163.40B	67.64B	-137.82B	-129.34B
Financing Cash Flow	269.53B	63.45B	-25.57B	-126.26B	275.99B

JPMorgan Chase Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 297.30
• 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 Negative. The current price of 297.3 is below the 20-day moving average (MA) of 308.77, below the 50-day MA of 313.62, and above the 200-day MA of 296.87, indicating a neutral trend. The MACD of -2.66 indicates Positive momentum. The RSI at 45.32 is Neutral, neither overbought nor oversold. The STOCH value of 26.45 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JPM.

JPMorgan Chase Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MS	69 Neutral	$268.01B	16.54	15.60%	2.14%	7.22%	48.18%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
JPM	67 Neutral	$801.83B	14.85	16.06%	1.79%	1.89%	12.32%
BAC	66 Neutral	$363.58B	13.23	10.23%	1.93%	0.15%	33.84%
GS	66 Neutral	$270.62B	17.58	13.91%	1.55%	2.31%	44.49%
WFC	59 Neutral	$261.54B	13.52	11.85%	1.80%	-4.37%	26.41%
C	58 Neutral	$191.66B	15.67	6.72%	1.94%	-0.62%	105.57%

JPMorgan Chase Corporate Events

JPMorgan Chase completes $3 billion subordinated notes offering

On February 5, 2026, JPMorgan Chase & Co. completed a public offering of $3 billion in Fixed-to-Floating Rate Subordinated Notes due 2037, which were issued under an existing shelf registration statement filed with U.S. securities regulators. As part of the transaction, the bank filed a supporting legal opinion on the validity of the notes, underscoring the formal completion of a sizeable subordinated debt issuance that adds to its long-term capital structure and may support its regulatory capital and funding profile.

The most recent analyst rating on (JPM) stock is a Hold with a $280.00 price target. To see the full list of analyst forecasts on JPMorgan Chase stock, see the JPM Stock Forecast page.

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.