JPM
SP100NYSEJPMorgan Chase & Co.
Financial Services · Banks - Diversified · United States
JPMorgan Chase & Co. operates as a bank and financial holding company in the United States, rest of North America, Europe, the Middle East, Africa, the Asia Pacific, Latin America, and the Caribbean. It operates in three segments: Consumer & Community Banking, Commercial & Investment Bank, and Asset & Wealth Management. The company offers deposit, investment and lending products, and cash management; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, payment solutions, travel services, merchant offers, lifestyle benefits, auto loans, and leases to consumers and small businesses through bank branches, ATMs, and digital and telephone banking. It also provides investment banking, market-making, financing, custody, and securities products and services; corporate strategy and structure advisory, equity and debt market capital-raising, and loan origination and syndication services; cash and derivative instruments, risk management solutions, prime brokerage, clearing, and research; and fund services, liquidity and trading services, and data solutions products for large corporations, financial institutions, merchants, start-ups, small and midsized companies, local governments, municipalities, nonprofits, and commercial real estate clients. In addition, the company offers multi-asset investment management solutions in equities, fixed income, alternatives, and money market funds to institutional clients and retail investors; retirement products and services, estate planning, lending, deposits, and investment management products to high-net-worth clients; and financial transaction processing. JPMorgan Chase & Co. was founded in 1799 and is headquartered in New York, New York.
www.jpmorganchase.com ↗Shares trade at a moderate 16.0× trailing earnings, easing to 14.1× on forward estimates. Profitability shows a net margin of 33.9% and return on equity of 16.5%. Debt/equity stands at 3.65×. Revenue grew 12.7% year-on-year. It yields 1.8% in dividends. The mean analyst target of USD344.71 sits 3.1% above the current price (Buy, 21 analysts).
business model
JPMorgan Chase is the largest US bank by assets, operating a diversified model spanning consumer and community banking, corporate and investment banking, commercial banking, and asset and wealth management. It earns net interest income from lending and deposits plus fee income from investment banking, trading, card, payments, and asset-management services.
revenue segments
The firm reports through Consumer & Community Banking (retail banking, cards, home and auto lending), the Commercial & Investment Bank (advisory, underwriting, markets/trading, payments, and securities services), and Asset & Wealth Management. Net interest income and diversified fee streams both contribute substantially.
key dependencies
JPMorgan depends on interest rates and the yield curve, loan demand and credit quality, capital-markets and trading activity, consumer and corporate financial health, deposit levels, and regulatory capital and liquidity requirements. Technology investment and risk management are also central.
competitors
Competitors include Bank of America, Citigroup, Wells Fargo, and Goldman Sachs and Morgan Stanley in investment banking and markets, along with regional banks, fintechs, and payment providers in consumer and payments businesses.
moat
JPMorgan's advantages include massive scale, a fortress balance sheet, a low-cost and sticky deposit base, leading positions across investment banking, trading, cards, and payments, a strong brand, and large technology and data investments that reinforce cost and distribution advantages.
risks
Risks include credit losses in a downturn, interest-rate and deposit-repricing sensitivity, capital-markets cyclicality, stringent regulation and capital rules, operational and cyber risk given its scale, and macroeconomic shocks affecting consumers and corporates.
Financials & metrics
as of 24 Aug 2026Price is closer to the high end of its range. Green = nearer the yearly low, red = nearer the high — a position indicator, not a buy/sell signal.
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Full financial statements
Income statement
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total revenue | $181.85B | $169.44B | $154.95B | $127.73B | — |
| Interest expense | $97.90B | $101.35B | $81.32B | $26.10B | — |
| Pretax income | $72.59B | $75.08B | $61.61B | $46.17B | — |
| Tax provision | $15.55B | $16.61B | $12.06B | $8.49B | — |
| Net income | $57.05B | $58.47B | $49.55B | $37.68B | — |
| Diluted EPS | $20.02 | $19.75 | $16.23 | $12.09 | — |
Balance sheet
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | $4.42T | $4.00T | $3.88T | $3.67T | — |
| Cash & equivalents | $343.34B | $469.32B | $624.15B | $567.23B | — |
| Total liabilities | $4.06T | $3.66T | $3.55T | $3.37T | — |
| Total debt | $499.98B | $454.31B | $436.54B | $339.89B | — |
| Long-term debt | $433.97B | $401.42B | $391.82B | $295.87B | — |
| Shareholders' equity | $362.44B | $344.76B | $327.88B | $292.33B | — |
| Retained earnings | $416.06B | $376.17B | $332.90B | $296.46B | — |
Cash flow
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating cash flow | -$147.78B | -$42.01B | $12.97B | $107.12B | — |
| Investing cash flow | -$265.56B | -$163.40B | $67.64B | -$137.82B | — |
| Financing cash flow | $269.53B | $63.45B | -$25.57B | -$126.26B | — |
| Free cash flow | -$147.78B | -$42.01B | $12.97B | $107.12B | — |
| Dividends paid | -$16.63B | -$14.78B | -$13.46B | -$13.56B | — |
| Share buybacks | -$34.59B | -$28.68B | -$9.82B | -$10.60B | — |
| End cash position | $343.34B | $469.32B | $624.15B | $567.23B | — |
Reported figures from public filings via Yahoo Finance. Line coverage varies by company. Not investment advice.
Dividends
Analyst assessment
as of 24 Aug 2026Aggregate consensus only. Named per-analyst targets require a premium source and are not shown; the data model is ready to hold them if one is added.
Technicals
as of 24 Aug 2026News
Sector peers
Notes & alerts
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