JPMorgan Chase (JPM) Stock Analysis
Here is a fundamental analysis of JPMorgan Chase (JPM), benchmarking its profitability, financial strength, dividend and valuation against its industry group peers.
Performance
Cumulative Growth
Trailing Returns
Performance at a Glance
| Metric | Current stock: JPM | Industry group median |
|---|---|---|
| 1-Year Return | 21.89% | 33.15% |
Risk
Drawdown
Risk at a Glance
| Metric | Current stock: JPM | Industry group median |
|---|---|---|
| 1-Year Volatility | 21.81% | 26.66% |
| Beta | 0.99 | 0.71 |
Company Profile
| Profile Item | JPM |
|---|---|
| Name | JPMorgan Chase & Co. |
| Country/Region | United States |
| GICS Sector | Financials |
| GICS Industry Group | Banks |
| GICS Industry | Banks |
| GICS Sub-Industry | Diversified Banks |
| Market Capitalization | 859.37 billion USD |
| Currency | USD |
| Exchange | NYSE |
| Listing Date | March 17, 1980 |
| Security Type | Common Stock |
Valuation
Price-to-Earnings Ratio (TTM)
JPMorgan Chase (JPM) trades at P/E ratio of 15.36, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.
JPM
Banks industry group
15.36
Group distribution
- Max
- 21.53
- Q3
- 15.41
- JPM
- 15.36
- Median
- 12.95
- Q1
- 11.19
- Min
- 6.13
Largest peers
- RY
- 18.11
- C
- 17.28
- JPM
- 15.36
- HSBC
- 15.32
- MUFG
- 15.27
- BAC
- 13.90
- WFC
- 12.94
Price-to-Sales Ratio (TTM)
P/S ratio is not assessed for JPMorgan Chase (JPM) in Banks: the revenue line is driven by spread economics rather than conventional product or service sales, so book value or earnings usually carry more weight.
Price-to-Book Ratio (MRQ)
JPMorgan Chase (JPM) trades at 2.50 on P/B ratio, above the industry benchmark range. Investors are putting an unusually rich price on each dollar of book equity relative to peers.
JPM
Banks industry group
2.50
Group distribution
- JPM
- 2.50
- Max
- 2.22
- Q3
- 1.58
- Median
- 1.30
- Q1
- 1.13
- Min
- 0.64
Largest peers
- HSBC
- 7.29
- RY
- 2.95
- JPM
- 2.50
- MUFG
- 1.64
- WFC
- 1.57
- BAC
- 1.45
- C
- 1.25
Valuation at a Glance
| Metric | Current stock: JPM | Industry group median |
|---|---|---|
| Price-to-Earnings Ratio (TTM) | 15.36 | 12.95 |
| Price-to-Sales Ratio (TTM) | -- | -- |
| Price-to-Book Ratio (MRQ) | 2.50 | 1.30 |
| Free Cash Flow Yield | -- | -- |
Profitability
Return on Equity (TTM)
JPMorgan Chase (JPM) posts ROE of 16.47%, in the upper peer quartile. That suggests the company earns more from each dollar of shareholders’ equity than most industry peers, a useful capital-efficiency signal.
JPM
Banks industry group
16.47%
Group distribution
- Max
- 19.15%
- JPM
- 16.47%
- Q3
- 13.07%
- Median
- 10.82%
- Q1
- 8.57%
- Min
- 3.15%
Largest peers
- JPM
- 16.47%
- RY
- 16.20%
- WFC
- 12.03%
- MUFG
- 11.91%
- HSBC
- 11.61%
- BAC
- 10.64%
- C
- 7.65%
Net Profit Margin (TTM)
JPMorgan Chase (JPM) keeps 33.94% of revenue as net profit, roughly in line with the peer group’s normal net margin range. Its full cost stack is taking a typical share of sales for the industry.
JPM
Banks industry group
33.94%
Group distribution
- Max
- 47.55%
- Q3
- 34.61%
- JPM
- 33.94%
- Median
- 30.31%
- Q1
- 25.62%
- Min
- 12.76%
Largest peers
- HSBC
- 34.98%
- JPM
- 33.94%
- RY
- 33.69%
- BAC
- 28.96%
- MUFG
- 28.51%
- WFC
- 26.74%
- C
- 20.36%
Operating Profit Margin (TTM)
operating margin is set aside for JPMorgan Chase (JPM) in Banks: the operating-income line is not a clean boundary for this business model, so net margin, ROE, FFO, or industry-specific measures may be more useful.
Profitability at a Glance
| Metric | Current stock: JPM | Industry group median |
|---|---|---|
| Return on Equity (TTM) | 16.47% | 10.82% |
| Return on Assets (TTM) | 1.27% | 1.15% |
| Net Profit Margin (TTM) | 33.94% | 30.31% |
| Operating Profit Margin (TTM) | -- | -- |
| Gross Profit Margin (TTM) | -- | -- |
Financial Strength
Current Ratio (MRQ)
current ratio is set aside for JPMorgan Chase (JPM) in Banks: these balance sheets are not best read through a current/non-current split, so regulatory, funding, or liquidity-coverage measures usually matter more.
Debt-to-Equity Ratio (MRQ)
debt-to-equity ratio is set aside for JPMorgan Chase (JPM) in Banks: leverage is part of the business model itself, so capital adequacy, funding mix, and regulatory measures are usually better risk gauges.
Financial Strength at a Glance
| Metric | Current stock: JPM | Industry group median |
|---|---|---|
| Current Ratio (MRQ) | -- | -- |
| Debt-to-Equity Ratio (MRQ) | -- | -- |
| Net Debt / EBITDA | -- | -- |
Dividends
Dividend Yield (TTM)
JPMorgan Chase (JPM) has dividend yield of 1.87%, in the industry’s normal income range. It provides a meaningful dividend without the red flag of an unusually high headline yield.
JPM
Banks industry group
1.87%
Group distribution
- Max
- 5.44%
- Q3
- 3.24%
- Median
- 2.58%
- JPM
- 1.87%
- Q1
- 1.71%
- Min
- 0.00%
Largest peers
- HSBC
- 4.05%
- RY
- 2.55%
- MUFG
- 2.45%
- WFC
- 2.15%
- BAC
- 2.00%
- JPM
- 1.87%
- C
- 1.72%
Dividend Payout Ratio (TTM)
JPMorgan Chase (JPM) has payout ratio of 28.24%, within the industry’s typical payout band. The dividend shares profits with investors while leaving earnings coverage that looks normal for the peer group.
JPM
Banks industry group
28.24%
Group distribution
- Max
- 74.88%
- Q3
- 42.57%
- Median
- 29.00%
- JPM
- 28.24%
- Q1
- 19.94%
- Min
- 0.00%
Largest peers
- HSBC
- 61.98%
- RY
- 41.35%
- C
- 29.17%
- JPM
- 28.24%
- BAC
- 27.30%
- WFC
- 27.05%
- MUFG
- 15.74%
Dividends at a Glance
| Metric | Current stock: JPM | Industry group median |
|---|---|---|
| Dividend Yield (TTM) | 1.87% | 2.58% |
| Dividend Payout Ratio (TTM) | 28.24% | 29.00% |