JPMorgan Chase & Company
Exchange: NYSESector: Financial ServicesIndustry: Banks - Diversified
JPMorgan Chase & Co. is a leading financial services firm based in the United States of America ("U.S."), with operations worldwide. JPMorganChase had $4.4 trillion in assets and $362 billion in stockholders' equity as of December 31, 2025. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers in the U.S., and many of the world's most prominent corporate, institutional and government clients globally.
Did you know?
Net income compounded at 8.2% annually over 6 years.
Current Price
$294.60
-0.26%GoodMoat Value
$571.74
94.1% undervaluedProfile
Valuation (TTM)
Market Cap$801.98B
P/E14.40
EV$1.39T
P/B2.21
Shares Out2.72B
P/Sales4.40
Revenue$182.45B
EV/EBITDA17.50
JPMorgan Chase & Company (JPM) Stock Analysis
GoodMoat Analysis
JPMorgan Chase is a high-quality, moat-protected financial institution trading at a reasonable valuation. Its strong profitability and scale advantages are offset by a low margin of safety based on the provided target price, suggesting a cautious approach for value investors.
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JPMorgan Chase is a global leader in diversified banking, providing services in consumer banking, commercial banking, investment banking, and asset management. Applying the GoodMoat framework, the company demonstrates a strong competitive moat, likely scoring high on criteria like scale privilege, regulatory barriers, and brand & culture, given its status as the largest U.S. bank by assets. Its financial quality is robust, with a high ROE of 15.4% and a strong operating margin of 47.6%, though the negative FCF yield of -18.4% is typical for banks due to their capital-intensive nature and is not a direct red flag in this sector.
Valuation is the critical factor. The current P/E of 14.4x appears reasonable for a bank of this quality. However, the GoodMoat target price of $571.74 implies a significant premium. Using the Decision Framework's valuation bands, this target suggests a margin of safety of less than 10% from the current price, which falls into the 'Unfavourable' category. While the business passes the Moat & Quality Gate with a high X-Ray Business Score, the valuation and risk gate points to a 'WITH CAUTION' assessment. The stock warrants further investigation, but a value investor would need a high-conviction view on the bank's growth prospects to justify the price or wait for a more attractive entry point.
Analysis based on data as of 2024-05-15.
Market Cap$801.98B
Current Price$294.60
P/E Ratio14.40
Forward P/E—
PEG Ratio-3.86
EPS$20.02
Book Value$133.14
P/B Ratio2.21
JPM Financial Charts
FCF vs CAPEX
FCFCAPEX
Cash vs Debt
Net Debt: 599.0B
Revenue
115.7B
FY19
120.0B
FY20
121.6B
FY21
128.7B
FY22
158.1B
FY23
177.6B
FY24
182.4B
FY25
Net Income
34.6B
FY19
27.4B
FY20
46.5B
FY21
35.9B
FY22
47.8B
FY23
56.9B
FY24
55.7B
FY25
JPM 52-Week Range
$211.45
$334.61
50-Day MA: $299.05200-Day MA: $300.85
Did you know?
Net income compounded at 8.2% annually over 6 years.
JPMorgan Chase & Company (JPM) Financial Summary
JPMorgan Chase & Company (JPM) is a Financial Services company in the Banks - Diversified industry, listed on NYSE. The stock currently trades at $294.60 with a market capitalization of $801.98B.
Key valuation metrics include a P/E ratio of 14.40, price-to-book ratio of 2.21, and EPS of $20.02. The company reports a profit margin of 30.5% and return on equity of 15.4%.
JPM Key Financial Metrics
| Metric | Value |
|---|---|
| Market Cap | $801.98B |
| P/E Ratio | 14.40 |
| EPS | $20.02 |
| P/B Ratio | 2.21 |
| P/S Ratio | 4.40 |
| EV/EBITDA | 17.50 |
| Dividend Yield | 2.07% |
| Profit Margin | 30.5% |
| Return on Equity | 15.4% |
| Debt/Equity | 2.60 |
JPM Revenue & Earnings History
| Year | Revenue | Net Income |
|---|---|---|
| FY19 | $115.72B | $34.64B |
| FY20 | $119.95B | $27.41B |
| FY21 | $121.65B | $46.50B |
| FY22 | $128.69B | $35.89B |
| FY23 | $158.10B | $47.76B |
| FY24 | $177.56B | $56.87B |
| FY25 | $182.45B | $55.68B |
JPMorgan Chase & Company (JPM) Valuation
Based on GoodMoat's DCF model, JPMorgan Chase & Company has a fair value estimate of $571.74. At the current price of $294.60, the stock appears 48.5% undervalued relative to our intrinsic value estimate.
JPM Quality Indicators
JPMorgan Chase & Company maintains a profit margin of 30.5% and an operating margin of 47.6%. Return on equity stands at 15.4%. Debt-to-equity ratio is 2.60.
About JPMorgan Chase & Company
JPMorgan Chase & Co. is a leading financial services firm based in the United States of America ("U.S."), with operations worldwide. JPMorganChase had $4.4 trillion in assets and $362 billion in stockholders' equity as of December 31, 2025. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers in the U.S., and many of the world's most prominent corporate, institutional and government clients globally.
JPM Free Cash Flow
JPMorgan Chase & Company generated $-147.78B in trailing twelve-month free cash flow, representing an FCF yield of -18.43%. This low FCF yield may reflect heavy reinvestment or growth spending.
JPM Shares Outstanding
JPMorgan Chase & Company has 2.72 billion shares outstanding at a share price of $294.60, giving it a market capitalization of $801.98B.
JPM Recent Insider Trades
Recent insider transactions at JPMorgan Chase & Company include:
| Insider | Type | Shares | Value |
|---|---|---|---|
| Leopold Robin (Head of Human Resources) | SELL | 433 | $127760.98 |
| Leopold Robin (Head of Human Resources) | SELL | 432 | $132684.22 |
| Rohrbaugh Troy L (Co-CEO CIB) | SELL | 50,000 | $15.36M |