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Largest US bank, combining consumer banking, credit cards, investment banking, trading and asset management.
Largest US bank, combining consumer banking, credit cards, investment banking, trading and asset management.
Earns from the spread between what it pays on deposits and charges on loans and cards, plus fees from investment banking, trading, payments and asset management. Its size lets it spread costs across all of these, and consumer banking and the investment bank are the two largest engines.
Moat: wide (scale, brand, distribution). Unmatched scale across consumer banking, payments and investment banking creates cost and cross-sell advantages.
Headquarters: New York, New York, US · Founded: 1799 · Employees: 318,512
Size JPMorgan Chase (JPM) is a United States Financials company (Major Banks) with a market value of $889B, the 14th largest of 3,117 United States companies the cockpit tracks. Shares closed at $334.49 on 6 Nov 2026.
Performance Over six months the shares gained 10.7%, against +14.4% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd lowest of 12 in its peer set.
Growth Revenue grew 8.9% over the last twelve months (peer median +4.7%); the operating margin is 42.1% (peer median 44.8%).
Valuation It trades at 2.53× book value against a peer median of 0.87× (2nd most expensive of 12).
Price implies The share price implies a return on equity of about 20.7%; JPMorgan Chase delivers 17.9%, so the price asks more than the business earns today.
Credit JPMorgan Chase has 138 bonds outstanding ($256B), rated A by the agencies and trading like A- at a weighted spread of 82 bp.
Short interest Short interest is 1.0% of the free float (15 Oct 2026).
Next results Next results expected around 14 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $303B | $279B | $279B | $239B | $158B |
| Revenue growth | — | 0% | +16% | +52% | — |
| Net income | $65.7B | $56.8B | $58.1B | $49.3B | $37.5B |
| Free cash flow | $154B | $101B | $79.4B | $101B | $99.8B |
| Capital expenditure | $0 | $0 | $0 | $0 | $0 |
| Total debt | $1.27T | $980B | $787B | $685B | $563B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| JPMorgan Chase JPM | $889B | +11% | +9% | 18% | 2.53× | 20.7% |
| Bank of America BAC | $341B | -3% | -1% | 11% | 1.26× | 12.9% |
| Wells Fargo WFC | $252B | +11% | +6% | 13% | 1.59× | 13.3% |
| Citigroup C | $200B | -5% | +5% | 9% | 1.03× | 10.9% |
| Goldman Sachs GS | $250B | -8% | +12% | 18% | 2.27× | 21.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | JPM | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +0.9% | +2.3% | 4th lowest of 12 |
| 6-month return | +10.7% | +14.4% | 3rd lowest of 12 |
| Return on equity | 17.9% | 10.6% | highest of 12 |
| Price / book | 2.53× | 0.87× | 2nd most expensive of 12 |
| Trailing P/E | 14.0× | 8.9× | 2nd most expensive of 12 |
| ROE the price implies | 20.7% | 5.3% | most demanding of 12 |
| ROE delivered | 17.9% | 10.7% | highest of 10 |
| Bond spread | 82 bp | 78 bp | 4th tightest of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| JPMorgan Chase JPM | United States | $889B | +11% | +9% | 18% | 2.53× | 20.7% | 17.9% |
| ICBC 1398.HK | Hong Kong | $433B | +14% | -5% | 9% | 0.60× | 4.9% | n/a |
| Industrial and Commercial Bank of China 601398.SS | China | $428B | +13% | -4% | 10% | 0.75× | 2.7% | n/a |
| Agricultural Bank of China 1288.HK | Hong Kong | $384B | +15% | +7% | 11% | 0.71× | 5.3% | 10.6% |
| CCB 0939.HK | Hong Kong | $361B | +22% | +6% | 10% | 0.64× | 5.1% | 9.9% |
| China Construction Bank 601939.SS | China | $358B | +20% | -5% | 10% | 0.87× | 3.0% | 9.8% |
| Bank of America BAC | United States | $341B | -3% | -1% | 11% | 1.26× | 12.9% | 10.7% |
| Bank Of China 3988.HK | Hong Kong | $309B | +22% | +5% | 9% | 0.60× | 4.7% | 8.9% |
| HSBC HSBA.L | United Kingdom | $301B | -1% | -4% | 14% | 1.51× | 17.5% | 13.6% |
| Royal Bank of Canada RY.TO | Canada | $281B | +15% | +5% | 16% | 2.94× | 18.4% | 16.2% |
| Wells Fargo WFC | United States | $252B | +11% | +6% | 13% | 1.59× | 13.3% | 12.9% |
| Mitsubishi Ufj Financial 8306.T | Japan | $230B | +14% | +11% | 13% | 1.60× | 11.2% | 12.6% |
JPMorgan Chase has 138 bonds outstanding with $256B face value. The agencies rate it A; its bonds trade like A-. Weighted yield 5.55%, a spread of 82 bp over government bonds.