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JPM vs. MS: JPMorgan Chase vs. Morgan Stanley Stock Comparison

How do JPMorgan Chase (JPM) and Morgan Stanley (MS) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

JPMorgan Chase (JPM) and Morgan Stanley (MS) share the Financials sector but sit in different industry groups — JPM in Banks and MS in Financial Services.

Company profile comparison for JPMorgan Chase (JPM) and Morgan Stanley (MS)
Profile ItemJPMMS
NameJPMorgan Chase & Co.Morgan Stanley Common Stock
Country/RegionUnited StatesUnited States
GICS SectorFinancialsFinancials
GICS Industry GroupBanksFinancial Services
GICS IndustryBanksCapital Markets
GICS Sub-IndustryDiversified BanksInvestment Banking & Brokerage
Market Capitalization888.27 billion USD283.60 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateMarch 17, 1980February 23, 1993
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

JPM
MS
GSPC
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JPMorgan Chase (JPM) vs. Morgan Stanley (MS), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for JPMorgan Chase (JPM) and Morgan Stanley (MS). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for JPMorgan Chase (JPM) and Morgan Stanley (MS). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for JPMorgan Chase (JPM) and Morgan Stanley (MS)
MetricJPMMS
Total Return (1Y)11.23%19.44%
Total Return (3Y, Annualized)36.31%40.69%
Total Return (5Y, Annualized)18.27%17.38%

Risk Profile

Drawdown History

JPM
MS
GSPC
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JPMorgan Chase (JPM) vs. Morgan Stanley (MS), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for JPMorgan Chase (JPM) and Morgan Stanley (MS). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for JPMorgan Chase (JPM) and Morgan Stanley (MS)
MetricJPMMS
Volatility (1Y, Annualized)23.08%29.73%
Beta (5Y)1.021.21
Max Drawdown (5Y)-37.93%-32.38%
Avg. Volume (3M)7.03M5.37M

Risk-Adjusted Performance

Risk-Return Positioning

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JPM and MS are plotted by 1-year volatility (risk) and 1-year return. Each dashed Capital Allocation Line uses that stock's own industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for JPMorgan Chase (JPM) and Morgan Stanley (MS)
MetricJPMMS
Sharpe Ratio (1Y)0.300.51
Sortino Ratio (1Y)0.420.73

Profitability

ROE (TTM)

JPMorgan Chase (JPM) at 18.01% sits in the top ROE quartile, while Morgan Stanley (MS) at 18.04% is closer to the peer norm — stronger capital efficiency for JPM.

JPM

Banks industry group

18.01%

Max
19.84%
JPM
18.01%
Q3
13.67%
Median
11.49%
Q1
9.50%
Min
3.64%

MS

Financial Services industry group

18.04%

Max
44.78%
Q3
21.85%
MS
18.04%
Median
12.91%
Q1
4.48%
Min
-18.71%
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JPMorgan Chase (JPM) vs. Morgan Stanley (MS): A comparison of their ROE against their respective Banks and Financial Services industry group benchmarks.

Net Margin (TTM)

Both JPMorgan Chase (JPM) at 34.59% and Morgan Stanley (MS) at 25.63% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

JPM

Banks industry group

34.59%

Max
47.19%
Q3
35.25%
JPM
34.59%
Median
31.21%
Q1
27.11%
Min
14.93%

MS

Financial Services industry group

25.63%

Max
62.84%
Q3
28.05%
MS
25.63%
Median
15.36%
Q1
4.82%
Min
-28.52%
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JPMorgan Chase (JPM) vs. Morgan Stanley (MS): A comparison of their net margin against their respective Banks and Financial Services industry group benchmarks.

Operating Margin (TTM)

Morgan Stanley (MS) reports operating margin of 39.00%; JPMorgan Chase (JPM) doesn’t report a comparable line — in Banks, funding costs sit inside the core business rather than below an operating line, so profitability is better judged on net margin or ROE.

JPM

Banks industry group

--

JPM
--
Max
--
Q3
--
Median
--
Q1
--
Min
--

MS

Financial Services industry group

39.00%

Max
107.33%
Q3
55.90%
MS
39.00%
Median
30.09%
Q1
14.60%
Min
-44.34%
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JPMorgan Chase (JPM) vs. Morgan Stanley (MS): JPM’s operating margin is not assessed under the Banks industry convention, so the chart shows available visual context for MS only.

Profitability Metrics

Profitability metrics for JPMorgan Chase (JPM) and Morgan Stanley (MS)
MetricJPMMS
ROE (TTM)18.01%18.04%
ROA (TTM)1.37%1.35%
Net Margin (TTM)34.59%25.63%
Operating Margin (TTM)--39.00%
Gross Margin (TTM)----

Growth

Revenue Growth

Both JPMorgan Chase (JPM) at 7.32% and Morgan Stanley (MS) at 14.48% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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JPMorgan Chase (JPM) vs. Morgan Stanley (MS): A comparison of their Revenue Growth across different time periods.

EPS Growth

Morgan Stanley (MS) at 28.43% is around its peer norm for EPS growth, while JPMorgan Chase (JPM) at 1.37% drops into the bottom quartile, signaling weaker earnings momentum.

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JPMorgan Chase (JPM) vs. Morgan Stanley (MS): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for JPMorgan Chase (JPM) and Morgan Stanley (MS)
MetricJPMMS
Revenue Growth (YoY)7.32%14.48%
Revenue Growth (3Y CAGR)12.50%9.52%
EPS Growth (YoY)1.37%28.43%
EPS Growth (3Y CAGR)18.31%18.41%

Financial Strength

Current Ratio (MRQ)

current ratio doesn’t apply on either side: JPMorgan Chase (JPM) in Banks and Morgan Stanley (MS) in Financial Services both report balance sheets without a current/non-current split, so their short-term liquidity is better judged through regulatory and funding measures.

Debt / Equity (MRQ)

debt-to-equity ratio is set aside for both: JPMorgan Chase (JPM) in Banks and Morgan Stanley (MS) in Financial Services run businesses where balance-sheet leverage is part of the model, so capital-adequacy and funding measures are the better gauges of balance-sheet risk.

Financial Strength Metrics

Financial strength metrics for JPMorgan Chase (JPM) and Morgan Stanley (MS)
MetricJPMMS
Current Ratio (MRQ)----
Debt / Equity (MRQ)----
Net Debt / EBITDA----

Dividends

Dividend Yield (TTM)

Both JPMorgan Chase (JPM) at 1.82% and Morgan Stanley (MS) at 2.40% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

JPM

Banks industry group

1.82%

Max
5.79%
Q3
3.18%
Median
2.39%
JPM
1.82%
Q1
1.20%
Min
0.00%

MS

Financial Services industry group

2.40%

Max
9.77%
Q3
3.92%
MS
2.40%
Median
1.09%
Q1
0.00%
Min
0.00%
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JPMorgan Chase (JPM) vs. Morgan Stanley (MS): A comparison of their dividend yield against their respective Banks and Financial Services industry group benchmarks.

Dividend Payout Ratio (TTM)

Both JPMorgan Chase (JPM) at 25.80% and Morgan Stanley (MS) at 32.91% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

JPM

Banks industry group

25.80%

Max
70.75%
Q3
41.28%
Median
29.26%
JPM
25.80%
Q1
18.98%
Min
0.00%

MS

Financial Services industry group

32.91%

Max
241.07%
Q3
97.36%
MS
32.91%
Median
25.77%
Q1
0.00%
Min
0.00%
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JPMorgan Chase (JPM) vs. Morgan Stanley (MS): A comparison of their payout ratio against their respective Banks and Financial Services industry group benchmarks.

Dividend Metrics

Dividend metrics for JPMorgan Chase (JPM) and Morgan Stanley (MS)
MetricJPMMS
Dividend Yield (TTM)1.82%2.40%
Dividend Payout Ratio (TTM)25.80%32.91%

Valuation

P/E Ratio (TTM)

Morgan Stanley (MS) at 14.39 is near its industry’s usual P/E ratio, while JPMorgan Chase (JPM) at 14.03 sits in the richer quartile — JPM needs stronger growth or earnings quality to justify the premium.

JPM

Banks industry group

14.03

Max
18.16
JPM
14.03
Q3
13.75
Median
11.81
Q1
10.64
Min
6.49

MS

Financial Services industry group

14.39

Max
45.85
Q3
24.64
Median
15.37
MS
14.39
Q1
9.68
Min
0.16
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JPMorgan Chase (JPM) vs. Morgan Stanley (MS): A comparison of their P/E ratio against their respective Banks and Financial Services industry group benchmarks.

P/S Ratio (TTM)

Morgan Stanley (MS) shows P/S ratio of 3.55; for JPMorgan Chase (JPM) the multiple is skipped — in Banks, income is dominated by interest spread rather than a conventional revenue line, so pricing per dollar of sales loses meaning and book- or earnings-based multiples carry the comparison.

JPM

Banks industry group

--

JPM
--
Max
--
Q3
--
Median
--
Q1
--
Min
--

MS

Financial Services industry group

3.55

Max
9.23
Q3
4.57
MS
3.55
Median
2.72
Q1
1.28
Min
-0.55
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JPMorgan Chase (JPM) vs. Morgan Stanley (MS): JPM’s P/S ratio is not assessed under the Banks industry convention, so the chart shows available visual context for MS only.

P/B Ratio (MRQ)

Morgan Stanley (MS) at 2.65 sits near its industry’s typical P/B ratio, while JPMorgan Chase (JPM) at 2.53 prices above its benchmark range — JPM looks rich relative to book.

JPM

Banks industry group

2.53

JPM
2.53
Max
2.28
Q3
1.58
Median
1.32
Q1
1.10
Min
0.59

MS

Financial Services industry group

2.65

Max
7.79
Q3
3.63
MS
2.65
Median
1.57
Q1
0.81
Min
-0.39
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JPMorgan Chase (JPM) vs. Morgan Stanley (MS): A comparison of their P/B ratio against their respective Banks and Financial Services industry group benchmarks.

Valuation Metrics

Valuation metrics for JPMorgan Chase (JPM) and Morgan Stanley (MS)
MetricJPMMS
P/E Ratio (TTM)14.0314.39
P/S Ratio (TTM)--3.55
P/B Ratio (MRQ)2.532.65
Free Cash Flow Yield (TTM)----