JPM vs. MTB: JPMorgan Chase vs. M&T Bank Stock Comparison
How do JPMorgan Chase (JPM) and M&T Bank (MTB) 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 M&T Bank (MTB) both belong to the Banks industry, though JPM is classified under Diversified Banks while MTB falls under Regional Banks.
| Profile Item | JPM | MTB |
|---|---|---|
| Name | JPMorgan Chase & Co. | M&T Bank Corporation |
| Country/Region | United States | United States |
| GICS Sector | Financials | Financials |
| GICS Industry Group | Banks | Banks |
| GICS Industry | Banks | Banks |
| GICS Sub-Industry | Diversified Banks | Regional Banks |
| Market Capitalization | 888.27 billion USD | 31.23 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | March 17, 1980 | March 17, 1980 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | JPM | MTB |
|---|---|---|
| Total Return (1Y) | 11.23% | 24.05% |
| Total Return (3Y, Annualized) | 36.31% | 27.97% |
| Total Return (5Y, Annualized) | 18.27% | 11.15% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | JPM | MTB |
|---|---|---|
| Volatility (1Y, Annualized) | 23.08% | 21.48% |
| Beta (5Y) | 1.02 | 0.63 |
| Max Drawdown (5Y) | -37.93% | -40.71% |
| Avg. Volume (3M) | 7.03M | 979.16K |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | JPM | MTB |
|---|---|---|
| Sharpe Ratio (1Y) | 0.30 | 0.92 |
| Sortino Ratio (1Y) | 0.42 | 1.36 |
Profitability
ROE (TTM)
JPMorgan Chase (JPM) at 18.01% sits in the top ROE quartile, while M&T Bank (MTB) at 10.60% 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%
MTB
Banks industry group
10.60%
- Max
- 19.84%
- Q3
- 13.67%
- Median
- 11.49%
- MTB
- 10.60%
- Q1
- 9.50%
- Min
- 3.64%
Net Margin (TTM)
Both JPMorgan Chase (JPM) at 34.59% and M&T Bank (MTB) at 31.87% 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%
MTB
Banks industry group
31.87%
- Max
- 47.19%
- Q3
- 35.25%
- MTB
- 31.87%
- Median
- 31.21%
- Q1
- 27.11%
- Min
- 14.93%
Operating Margin (TTM)
Neither side reports a meaningful operating margin: for JPMorgan Chase (JPM) in Banks and M&T Bank (MTB) in Banks, funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.
Profitability Metrics
| Metric | JPM | MTB |
|---|---|---|
| ROE (TTM) | 18.01% | 10.60% |
| ROA (TTM) | 1.37% | 1.40% |
| Net Margin (TTM) | 34.59% | 31.87% |
| Operating Margin (TTM) | -- | -- |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
JPMorgan Chase (JPM) at 7.32% is around its peer norm for revenue growth, while M&T Bank (MTB) at 4.34% drops into the bottom quartile, signaling weaker demand or pricing momentum.
EPS Growth
M&T Bank (MTB) at 16.12% is around its peer norm for EPS growth, while JPMorgan Chase (JPM) at 1.37% drops into the bottom quartile, signaling weaker earnings momentum.
Growth Metrics
| Metric | JPM | MTB |
|---|---|---|
| Revenue Growth (YoY) | 7.32% | 4.34% |
| Revenue Growth (3Y CAGR) | 12.50% | 6.33% |
| EPS Growth (YoY) | 1.37% | 16.12% |
| EPS Growth (3Y CAGR) | 18.31% | 13.82% |
Financial Strength
Current Ratio (MRQ)
current ratio doesn’t apply on either side: JPMorgan Chase (JPM) in Banks and M&T Bank (MTB) in Banks 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 M&T Bank (MTB) in Banks 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
| Metric | JPM | MTB |
|---|---|---|
| Current Ratio (MRQ) | -- | -- |
| Debt / Equity (MRQ) | -- | -- |
| Net Debt / EBITDA | -- | -- |
Dividends
Dividend Yield (TTM)
Both JPMorgan Chase (JPM) at 1.82% and M&T Bank (MTB) at 2.73% 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%
MTB
Banks industry group
2.73%
- Max
- 5.79%
- Q3
- 3.18%
- MTB
- 2.73%
- Median
- 2.39%
- Q1
- 1.20%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Both JPMorgan Chase (JPM) at 25.80% and M&T Bank (MTB) at 31.35% 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%
MTB
Banks industry group
31.35%
- Max
- 70.75%
- Q3
- 41.28%
- MTB
- 31.35%
- Median
- 29.26%
- Q1
- 18.98%
- Min
- 0.00%
Dividend Metrics
| Metric | JPM | MTB |
|---|---|---|
| Dividend Yield (TTM) | 1.82% | 2.73% |
| Dividend Payout Ratio (TTM) | 25.80% | 31.35% |
Valuation
P/E Ratio (TTM)
M&T Bank (MTB) at 11.38 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
MTB
Banks industry group
11.38
- Max
- 18.16
- Q3
- 13.75
- Median
- 11.81
- MTB
- 11.38
- Q1
- 10.64
- Min
- 6.49
P/S Ratio (TTM)
P/S ratio is set aside for both JPMorgan Chase (JPM) in Banks and M&T Bank (MTB) in Banks: without a conventional revenue line, pricing per dollar of sales isn’t meaningful, and book- or earnings-based multiples make the better comparison.
P/B Ratio (MRQ)
M&T Bank (MTB) at 1.24 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
MTB
Banks industry group
1.24
- Max
- 2.28
- Q3
- 1.58
- Median
- 1.32
- MTB
- 1.24
- Q1
- 1.10
- Min
- 0.59
Valuation Metrics
| Metric | JPM | MTB |
|---|---|---|
| P/E Ratio (TTM) | 14.03 | 11.38 |
| P/S Ratio (TTM) | -- | -- |
| P/B Ratio (MRQ) | 2.53 | 1.24 |
| Free Cash Flow Yield (TTM) | -- | -- |