JPMorgan Chase & Co.
- Open
- 342.88
- Day high
- 346.13
- Day low
- 335.05
- Prev close
- 343.15
- Volume
- 8.9M
- Mkt cap
- $914.0B
- P/E (TTM)
- 14.7
- EPS (TTM)
- $23.26
- P/B
- 2.4
- P/S
- 3.1
- Yield
- 1.76%
- Per share
- $6.00
- ▼Insiders net selling -$69.0M over the last 3 months (0 open-market buys, 17 sales)
- 🏛Institutions mixed (13F)
JPMorgan Chase & Co. (JPM) is a Financial Services company listed on NYSE. The stock is up 17% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 17 sales (SEC Form 4). Drillr has 31 published research articles covering JPM.
JPMorgan Chase & Co. (JPM) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 10 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
JPM earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 14, 2026 | $5.59 | $7.59 | +35.8% | $57.3B | +13.1% |
| Apr 14, 2026 | $5.47 | $5.94 | +8.6% | $49.8B | +1.3% |
| Jan 13, 2026 | $4.85 | $4.63 | -4.5% | $45.8B | -0.8% |
| Oct 14, 2025 | $4.85 | $5.07 | +4.5% | $46.4B | +2.1% |
| Jul 15, 2025 | $4.48 | $4.96 | +10.7% | $44.9B | +2.4% |
| Apr 11, 2025 | $4.63 | $5.07 | +9.5% | $45.3B | +3.0% |
| Feb 14, 2025 | $4.09 | $4.81 | +17.6% | $42.8B | +2.0% |
| Oct 11, 2024 | $3.99 | $4.37 | +9.5% | $42.7B | +3.0% |
| Jul 12, 2024 | $5.88 | $4.40 | -25.2% | $42.1B | -0.4% |
| Apr 12, 2024 | $4.17 | $4.63 | +11.0% | $41.9B | +0.5% |
| Jan 12, 2024 | $3.73 | $3.97 | +6.4% | $38.6B | -7.9% |
| Oct 13, 2023 | $3.89 | $4.33 | +11.3% | $39.8B | +0.5% |
JPM insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 1, 2026 | NOVAKOVIC PHEBE Ndirector | Grant | 122 | $327.33 |
| Jul 1, 2026 | Rometty Virginia Mdirector | Grant | 122 | $327.33 |
| Jul 1, 2026 | BURKE STEPHEN Bdirector | Grant | 172 | $327.33 |
| Jul 1, 2026 | HOBSON MELLODY Ldirector | Grant | 137 | $327.33 |
| Jun 26, 2026 | Piepszak Jenniferofficer: Chief Operating Officer | Grant | 60,214 | — |
| Jun 26, 2026 | Petno Douglas Bofficer: Co-President; CEO CIB | Grant | 90,321 | — |
| Jun 26, 2026 | Rohrbaugh Troy Lofficer: Co-President; CEO CCB | Grant | 90,321 | — |
| Jun 26, 2026 | Erdoes Mary E.officer: CEO Asset & Wealth Management | Grant | 60,214 | — |
| Jun 22, 2026 | Friedman Staceyofficer: General Counsel | Sell | 5,467 | $330.73 |
| May 20, 2026 | Friedman Staceyofficer: General Counsel | Sell | 5,468 | $300.27 |
| May 15, 2026 | Erdoes Mary E.officer: CEO Asset & Wealth Management | Sell | 6,648 | $298.36 |
| May 15, 2026 | Beer Lori Aofficer: Chief Information Officer | Sell | 3,165 | $300.05 |
| May 15, 2026 | Lake Marianneofficer: CEO CCB | Sell | 6,427 | $298.36 |
| May 15, 2026 | Petno Douglas Bofficer: Co-CEO CIB | Sell | 5,659 | $300.05 |
| May 5, 2026 | Barnum Jeremyofficer: Chief Financial Officer | Sell | 3,022 | $309.41 |
Source: JPM SEC Form 4 filings, latest Jul 1, 2026. For informational purposes only — not investment advice.
See the full JPM insider & 13F page →JPM research & analysis
JPM Stock: How Q1 Bank Data Defies 74-Year Sentiment Low
Univ of Michigan sentiment hit a 74-year low while JPM Q1 EPS came in at $5.94 with loan growth intact. Bifurcated consumer explains the divergence.
BACWFCPNCGS, JPM, MS: Wall Street AI Won't Replace Investment Bankers
Goldman Solomon: 'no AI jobs apocalypse'. GS/JPM/MS price margin expansion (productivity) not headcount compression. Cohort positioning across three scenarios.
GSMSBACWhich Banks Capture the $197B IPO Wave: Goldman and Morgan Stanley or the Diversified Giants?
Blackstone's Q1 beat and 'best year ever' IPO forecast confirm the $197B pipeline is executable, yet Goldman Sachs and Morgan Stanley trade at the same 12-13x forward multiple as JPMorgan despite deriving 18-22% of revenue from investment banking versus JPM's 7%. Long GS and MS versus JPM over six months targets 8-12% relative return as Q2 and Q3 underwriting revenue surfaces the fee differential.
GSMSCOINEurope's 21-Hour Trading Days Are Boosting VLO, XOM & CVX Margins
Europe's surging energy market volatility, with traders facing 21-hour days per Bloomberg, spills over to boost US refining margins for Valero, Exxon, and Chevron while supercharging commodities trading at Goldman Sachs and JPMorgan. Recent financials show resilient FCF and margins, with VLO leading price gains at +43% over 3M. Bullish: Buy the dip for volatility-fueled profits.
XOMCVXGSMiddle East De-Escalation Talks: Why XOM, JPM, and SLB Benefit Most — and OXY Lags
US-Iran ceasefire talks in Islamabad on April 11 signal Middle East de-escalation, favoring integrated oils like XOM and CVX for stable refining, big banks JPM/BAC for lower provisions, and services SLB amid resilient rigs—while upstream OXY lags. Ranked conviction prioritizes cash-rich names. Watch negotiation breakthroughs and oil flows.
XOMCVXBACUS-Iran De-Escalation Talks: Why CVX, XOM, and JPM Are the Biggest Winners
US-Iran talks in Pakistan on April 11 signal Middle East de-escalation, lowering oil premiums and volatility to favor integrated majors (CVX, XOM), banks (JPM, BAC), services (SLB), and upstream (OXY). Ranked conviction highlights CVX and XOM for stability and FCF.
XOMCVXOXYFed Private Credit Crackdown: JPM at Risk While BX, APO, KKR Stand to Win
The Federal Reserve's scrutiny of banks' private credit exposure creates a divergence in financial stocks: traditional banks like JPMorgan face regulatory risks while alternative asset managers like Blackstone and Apollo stand to gain market share. This analysis ranks six financial giants based on their exposure and positioning for the coming regulatory changes.
GSMSBXApril CPI Spike: XOM and CVX Win as Higher-for-Longer Rates Crush AAL
April's fuel-driven CPI surge signals persistent US inflation, favoring oil majors XOM and CVX with production growth, banks like JPM via NII, while pressuring airlines AAL and rails UNP. Ranked picks prioritize energy exposure at reasonable valuations amid higher-for-longer rates.
XOMCVXAALAI Cyber Threat Warning: JPM, BAC Exposed — CRWD, PANW Set to Gain
US regulators' warning on Anthropic Mythos AI cyber threats highlights vulnerabilities at major banks like JPM, BAC, and WFC, while creating tailwinds for cybersecurity leaders CRWD, PANW, and ZS. The article analyzes exposure, financials, and ranks conviction plays amid rising AI-driven risks.
BACWFCCRWDHot CPI Kills 2025 Fed Cut Hopes — JPM, BAC Lead Bank Winners While REITs Take the Hit
Hotter CPI has bond markets pricing fewer 2025 Fed cuts, favoring banks like JPM, BAC, and WFC via NIM expansion while hurting REITs (PLD, O) and homebuilders (DHI) with higher costs and weak demand. JPM leads conviction ranking; avoid leveraged real estate. Article analyzes financials, guidance, and exposures.
BACWFCPLDJamie Dimon's Warning: XOM & WMT Win, NVDA Suffers — 6 Stocks Ranked by Risk
Jamie Dimon's April 11 warning spotlights inflation, deficits, and geopolitics, favoring XOM and WMT as winners while pressuring NVDA and PLD. JPM and BAC offer mixed bank exposure with strong fundamentals. Ranked picks prioritize resilient cash flows over growth hype.
BACPLDXOMNFLX, JPM, BAC, WFC Q1 Earnings: Iran Ceasefire Rally Sets Up 10–15% Upside Case
The Iran ceasefire sparked a market rally just as NFLX, JPM, BAC, and WFC kick off Q1 earnings, per MarketWatch on April 9, 2026. Strong guidance, EPS beat history, and cheap bank vals position them to extend gains, with NFLX's ad/live momentum leading. Bulls eye 10-15% upside if beats confirm resilience.
NFLXBACWFCTreasury Yield Volatility Surges — JPM and PGR Climb as NVDA and REITs Take the Hit
April 10, 2026 Treasury yields snapshot signals volatility surge, favoring banks/insurers like PGR, JPM, BAC via NII/margins while pressuring REITs (PLD, EQIX) and NVDA on costs/valuations. PGR tops conviction ranks for pristine balance sheet and yield leverage.
BACPGRPLDHawkish Fed Bets: JPM Leads as NEE, PLD, and HD Face Rate Headwinds
Bond traders' inflation hedges spotlight hawkish Fed risks, positioning banks like JPM and BAC for NIM gains while utilities (NEE, DUK), REITs (PLD), and HD face debt and demand headwinds. JPM tops conviction rankings with superior scale; DUK ranks most vulnerable. Elevated rates reshape sector winners and losers.
BACNEEDUKHot Inflation Kills Rate Cut Hopes: JPM Surges While REITs and Utilities Crack
Hotter-than-expected inflation dashed rate cut hopes, favoring banks like JPM and WFC via NIM expansion while pressuring debt-laden REITs (PLD, AMT) and utilities (NEE, DUK). JPM tops conviction ranks with superior scale; REITs lag on cap rate risks. Prolonged high rates could widen these gaps further.
WFCPLDAMTPPI Report + Fed Rate Delay: Why JPM, BAC and WFC Are the Surprise Winners
Resilient U.S. labor data ahead of PPI and Goldman earnings signals fewer Fed cuts, boosting big banks' NII. JPM, BAC, and WFC lead with strong deposits and growth guidance, while GS and COF lag on exposure.
BACWFCGS10-Year Treasury Yield Outlook: JPM Wins, NEE and AMT Face Debt Squeeze
ETF Trends' March 2026 10-year Treasury yield analysis forecasts elevated rates, favoring banks like JPM and BAC via NIM expansion while pressuring leveraged utilities (NEE, DUK) and REITs (PLD, AMT) on debt costs and valuations. JPM tops conviction rankings for its balance sheet strength; AMT ranks as most vulnerable.
BACNEEDUKCFTC vs. Illinois: Why IBKR, CME, and DKNG Are the Prediction Market Winners
CFTC's lawsuit against Illinois boosts prediction markets by asserting federal control, favoring platforms like IBKR's ForecastEx and CME's event contracts. DraftKings, Robinhood, and Coinbase gain from product launches, while JPMorgan eyes indirect entry. Ranked: IBKR > CME > DKNG.
CMEDKNGHOODFed Cut Bets Collapse: JPM, BAC Surge While REITs Like PLD Face Debt Pain
April 1's strong US data reduced Fed cut bets, favoring banks (JPM, BAC) and cyclicals (CAT, XOM) via higher NII and demand, while REITs (PLD, EQIX) face debt headwinds. JPM leads conviction at cheap multiples; ranked picks prioritize resilient earners.
BACCATXOMIran War Sparks Record Defense Spending: LMT, RTX, NOC — Who Gets the Biggest Share?
ADP's 62K March jobs miss boosts Fed cut odds, favoring REITs like PLD and growth stocks MSFT/AMZN over banks JPM/WFC. Analysis ranks exposure with financial metrics, highlighting winners from lower rates.
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JPMorgan Chase & Co. company profile
Overview
JPMorgan Chase & Co. (NYSE:JPM) is the largest bank in the United States and one of the world's most systemically important financial institutions. Founded in 1799 through various mergers and acquisitions, the company traces its roots to The Bank of the Manhattan Company. The modern JPMorgan Chase was formed in 2000 through the merger of J.P. Morgan & Co. and Chase Manhattan Corporation. Under the leadership of CEO Jamie Dimon since 2005, the bank has grown into a financial services giant with over $4 trillion in assets, serving millions of consumers, small businesses, corporations, and institutional clients globally.
Business
JPMorgan Chase operates as a comprehensive financial services company through four primary business segments. Consumer & Community Banking (CCB) represents the largest segment, providing traditional banking services including checking and savings accounts, mortgages, auto loans, credit cards, and small business banking to individual consumers and small businesses. This segment generates approximately 45-50% of the firm's revenue through branches, digital platforms, and ATM networks across the United States. Corporate & Investment Bank (CIB) serves large corporations, institutional investors, and government entities, offering investment banking services such as mergers and acquisitions advisory, equity and debt underwriting, and capital markets activities. This division also provides trading services in fixed income, equities, currencies, and commodities, along with prime brokerage and research services. The CIB typically contributes 25-30% of total revenue. Commercial Banking (CB) focuses on middle-market companies, real estate investors, and non-profit organizations, providing lending, treasury services, investment banking, and asset management solutions. This segment represents approximately 15-20% of revenue and serves as a bridge between consumer banking and large corporate services. Asset & Wealth Management (AWM) manages investments for high-net-worth individuals, institutions, and retail investors through mutual funds, ETFs, alternative investments, and private banking services. This segment, contributing roughly 10-15% of revenue, offers fiduciary services, retirement planning, and custody services to institutional clients.
Revenue model
JPMorgan Chase generates revenue through multiple streams across its diversified business model. The bank primarily makes money through net interest income, which is the difference between interest earned on loans and investments and interest paid on deposits and borrowings. This traditional banking model benefits from the bank's massive deposit base of over $2.5 trillion, which provides low-cost funding for lending activities including mortgages, credit cards, commercial loans, and securities investments. Fee-based revenue represents the second major income source, including investment banking fees from advisory services and underwriting, trading revenues from market-making activities, asset management fees based on assets under management, and service fees from payments processing, custody services, and wealth management. Credit card interchange fees and various consumer banking fees also contribute significantly to non-interest revenue. The bank's profitability is influenced by several key factors. Interest rate environments significantly impact net interest margins - rising rates generally benefit the bank's lending spreads, while falling rates compress margins. Credit quality affects profitability through loan loss provisions, with economic downturns typically leading to higher charge-offs and reserve builds. Market volatility can boost trading revenues but may reduce investment banking activity. Regulatory capital requirements influence the bank's ability to deploy capital efficiently, while deposit competition affects funding costs. The bank's scale provides competitive advantages through operational leverage, but also subjects it to higher regulatory scrutiny and capital requirements as a systemically important financial institution.
Competitive moat
JPMorgan Chase possesses a formidable economic moat built on multiple competitive advantages. The bank's massive scale and deposit franchise creates a significant barrier to entry, with over 4,700 branches and extensive digital platforms providing access to a stable, low-cost funding base that smaller competitors cannot replicate. This deposit advantage becomes particularly pronounced during periods of financial stress when customers gravitate toward perceived safety. The bank's diversified revenue streams provide resilience across economic cycles, with investment banking and trading revenues often offsetting weakness in traditional lending during downturns. JPMorgan's technological investments and digital capabilities have created switching costs for customers while enabling operational efficiency gains. The firm's brand recognition and client relationships, particularly in investment banking and wealth management, create significant customer stickiness and pricing power. However, the moat faces several challenges. Regulatory pressure continues to increase capital requirements and operational constraints, potentially limiting returns on equity. Fintech disruption threatens traditional banking services, particularly in payments and lending, where technology companies can offer more streamlined experiences. Interest rate sensitivity means the bank's profitability remains cyclical, and credit risk during economic downturns can quickly erode earnings. Additionally, the bank's size makes it a target for regulatory scrutiny and limits its ability to pursue certain growth strategies. Despite these challenges, JPMorgan's scale, diversification, and execution capabilities provide a strong competitive position that would be extremely difficult for new entrants to replicate.
Risks & safety
JPMorgan Chase maintains a strong margin of safety as the most systemically stable U.S. bank, though typical banking metrics require careful interpretation. • Capital strength: CET1 ratio of 15.7% well above regulatory minimums, with management indicating $30-60 billion in excess capital • Liquidity position: $425-470 billion in cash and short-term investments, providing substantial buffer • Solvency risk: Minimal given deposit base of $2.5+ trillion and diversified revenue streams • Credit reserves: $27.6 billion allowance for credit losses, with conservative assumptions including 5.8% unemployment rate • Valuation metrics: Trading at 11.8x P/E and 2.0x book value, reasonable for a high-quality financial institution • Profitability: Consistent 17%+ return on tangible common equity demonstrates strong earning power • Stress testing: Regularly passes Federal Reserve stress tests, indicating resilience under adverse scenarios
Recent development
Over the past few years, JPMorgan Chase has pursued several strategic initiatives while maintaining financial discipline. The bank has significantly invested in technology and artificial intelligence, modernizing its digital platforms and exploring AI applications across business lines to improve efficiency and customer experience. Branch expansion continues despite industry trends toward digital banking, with management believing physical presence remains important for customer acquisition and relationship building. The bank has been exploring global consumer banking expansion, taking a different approach than previous failed attempts by other major banks. Management expresses confidence in their strategy, viewing international expansion as a long-term growth opportunity. In investment banking, JPMorgan has maintained its market-leading position while expressing belief that the firm is "underearning" relative to its potential, positioning for wallet share gains as market conditions improve. Capital management has evolved from aggressive share buybacks to a more patient approach, with management preferring to maintain excess capital rather than repurchase shares at high valuations. The bank has also been preparing for regulatory changes, including potential Basel III implementations, by exploring optimization strategies and maintaining strong capital buffers. Recent quarters have shown strong performance in markets and investment banking, with record revenues in several business lines, while the bank continues to build reserves for potential economic uncertainties.
JPM company profile · for informational purposes only — not investment advice.
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