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Updated: Jul 4, 2026
JPM Logo

JPMorgan Chase

NYSE:JPM·Stock Analysis Report
Day Range
$345.57 - $351.24
Market Cap
897.10B
P/E Ratio
15.9919
Avg Value
$312.59
Year Range
$280.45 - $344.73
$348.47$5.58 (1.63%)
1
General Information
JPMorgan is a leading global financial services firm with operations in 66 countries and over 318,000 employees as of year-end 2025.

Under the JPMorgan brands, the bank holding company boasts a $4.9 trillion balance sheet and $2.68 trillion in deposits, as of March 2026. The firm generates its revenue across three core operating segments: consumer and community banking, the commercial and investment bank, and asset and wealth management. It maintains the top global ranking in investment banking fees with an 8.4% market share, serves millions of consumers through its network of over 5,000 US branches, and manages over $7.1 trillion in client assets within its wealth and asset management franchise.

2
JPMorgan Chase (JPM) Stock Graph
3
How We Grade JPMorgan Chase (JPM)

We grade stocks based on past performance, their future growth potential, intrinsic value, dividend history, and overall financial health.

The chart below shows how we grade JPMorgan Chase (JPM) across the board compared to its closest peers.

4
Benzinga Edge Rankings

Benzinga Edge stock rankings give you four critical scores to help you identify the strongest and weakest stocks to buy and sell.

35.67

Growth measures a stock's combined historical expansion in earnings and revenue across multiple time periods, with emphasis on both long-term trends and recent performance.

Momentum measures a stock's relative strength based on its price movement patterns and volatility over multiple timeframes, ranked as a percentile against other stocks.

19.01

Quality is a composite ranking that evaluates a company's operational efficiency and financial health by analyzing historical profitability metrics and fundamental strength indicators on a percentile basis relative to peers.

Stock Score Locked: Want to See it?
Benzinga Rankings give you vital metrics on any stock – anytime.
5
Future Growth
Our estimate of future price growth is based on an aggregation of 7 analyst ratings over the past 3 months and their 12-month price targets.

Below, you can see that analysts are estimating a 12-month price target range of $320.00 - $362.00 with an average of $337.57

0.83%
Expected movement for JPMorgan Chase (JPM) over the next 12 months
Based on these rankings

Recent Ratings for JPMorgan Chase (JPM)

Morgan Stanley
Date:
Jun 29, 2026
Action:
Maintains
Prev. Target:
$336.00
New Target:
$362.00
Truist Securities
Date:
Jun 26, 2026
Action:
Maintains
Prev. Target:
$332.00
New Target:
$344.00
Evercore ISI Group
Date:
Apr 17, 2026
Action:
Maintains
Prev. Target:
$320.00
New Target:
$340.00
Jefferies
Date:
Apr 15, 2026
Action:
Maintains
Prev. Target:
$310.00
New Target:
$320.00
Truist Securities
Date:
Apr 15, 2026
Action:
Maintains
Prev. Target:
$323.00
New Target:
$332.00
Piper Sandler
Date:
Apr 14, 2026
Action:
Maintains
Prev. Target:
$325.00
New Target:
$345.00
Evercore ISI Group
Date:
Apr 6, 2026
Action:
Maintains
Prev. Target:
$350.00
New Target:
$320.00
6
Valuation

Earnings History (3 years)

It is important to look at a companies earnings history to see not only if they are profitable, but if their earnings are growing.
As you can see from the chart above, JPM's earnings have increased for the past three years, this is a positive sign for the stock.
7
Dividend
There are few things we like to see when evaluating the quality of a company's dividend history and future

Ideally, we would like to see a company have a long history of consistently high dividend payouts that have grown at a consistent rate. From here we want to be confident that this sort of dividend growth and consistency will persist into the future.

The chart below shows the historical trend in JPMorgan Chase (JPM) dividend yield on an annual basis.

-21.73%
JPMorgan Chase (JPM) saw a decrease in its dividend yield since 2021
8
Past Performance
How has JPMorgan Chase (JPM) performed over the past 5 years?

The two main factors that we consider when analyzing past performance is overall return and volatility

Using these two metrics, we can determine if this stock gave its investors enough return for the risk that they took on by owning it. This is measured by the sharpe ratio, which has been used as a primary measure of risk/reward trade-off for almost 60 years.

This ratio can be interpreted as the amount of return an investor has received for the amount of risk that they took on by owning the stock over that timeframe.

JPMorgan Chase (JPM) sharpe ratio over the past 5 years is 1.6269 which is considered to be above average compared to the peer average of 1.3414

9
Analyzing JPMorgan Chase (JPM) Recent Options Activity
Below, you can see the trend in options sentiment over the past 30 days.

Based on our data, JPM's options trades have recently carried more negative sentiment than positive.

10
Company Financials
INCOME STATEMENT
The income statement also known as the profit and loss statement, primarily focuses on the company's revenues and expenses during a particular period.

The main purpose of an income statement is to convey details of profitability and business activities. Below, is JPM's income statement for the previous four years along with its trailing-twelve- month profit & loss.

FISCAL YEAR (BIL.)
2022 ($)
2023 ($)
2024 ($)
2025 ($)
TTM ($)
Total Revenue
128.64
155.29
169.42
182.44
186.94
Operating Revenue
128.64
155.29
169.42
182.44
186.94
Cost Of Revenue
Gross Profit
Operating Expense
Selling General And Administration
45.55
51.06
56.58
60.35
61.90
Research and Development
Operating Income
Net Non-Operating Interest Income Expense
Other Income Expense
Other Non-Operating Income Expenses
Pre-Tax Income
46.17
61.61
75.08
72.59
74.67
Tax Provision
8.49
12.06
16.61
15.55
15.77
Net Income
37.68
49.55
58.47
57.05
58.90
Net Income Common Stockholders
35.89
47.76
56.87
55.68
57.51
Total Operating Income As Reported
Total Expenses
Net Income From Continuing And Discontinued Operation
37.68
49.55
58.47
57.05
58.90
Normalized Income
37.79
51.18
54.34
56.98
58.66
Interest Income
92.81
170.59
193.93
193.34
195.68
Interest Expense
26.10
81.32
101.35
97.90
98.14
Net Interest Income
66.71
89.27
92.58
95.44
97.54
EBIT
EBITDA
Reconciled Cost Of Revenue
Reconciled Depreciation
7.05
7.51
7.94
8.82
9.15
Normalized EBITDA
Tax Rate For Calcs
0.00
0.00
0.00
0.00
0.19
Tax Effect Of Unusual Items
-0.03
-0.40
1.25
0.05
0.10
BALANCE SHEET
The balance sheet is a snapshot of a companies financials during a particular period in time.

It breaks down what company owns (assets) and what a company owes (liabilities), in order to give investors an overview of its capital structure.

FISCAL YEAR (BIL.)
2022 ($)
2023 ($)
2024 ($)
2025 ($)
TTM ($)
Total Assets
3,665.74
3,875.39
4,002.81
4,424.90
4,900.48
Current Assets
Total Non-Current Assets
Total Liabilities Net Minority Interest
3,373.41
3,547.51
3,658.06
4,062.46
4,536.44
Current Liabilities
Other Non-Current Liabilities
Total Equity Gross Minority Interest
292.33
327.88
344.76
362.44
364.04
Stockholders Equity
Total Capitalization
588.20
719.70
734.59
796.41
812.80
Common Stock Equity
264.93
300.47
324.71
342.39
343.99
Net Tangible Assets
231.47
263.50
280.20
297.98
299.75
Working Capital
Invested Capital
604.82
737.01
779.02
842.38
860.81
Tangible Book Value
204.07
236.09
260.15
277.94
279.70
Total Debt
339.89
436.54
454.31
499.98
516.81
Net Debt
156.64
204.67
Share Issued
4.10
4.10
4.10
4.10
4.10
Ordinary Shares Number
2.93
2.88
2.80
2.70
2.68
CASH FLOW STATEMENTS
A companies statement of cash flows gives an investor a break down of the cash inflows and outflows from a companies operations and investment activities.
FISCAL YEAR (BIL.)
2022 ($)
2023 ($)
2024 ($)
2025 ($)
TTM ($)
Cash Flow from Continuing Operating Activities
107.12
12.97
-42.01
-147.78
-107.70
Net Income from Continuing Operations
37.68
49.55
58.47
57.05
58.90
Depreciation and Amortization
7.05
7.51
7.94
8.82
9.15
Deferred Tax
-2.74
-4.53
2.00
5.61
5.21
Deferred Income Tax
-2.74
-4.53
2.00
5.61
5.21
Stock-Based Compensation
Other Non-Cash Items
26.05
7.29
1.11
-14.67
-4.07
Change in Working Capital
32.69
-56.17
-114.22
-218.80
-190.31
Change in Receivables
-22.97
19.93
5.74
-11.51
-25.74
Changes in Account Receivables
-22.97
19.93
5.74
-11.51
-25.74
Change in Inventory
Change in Payables and Accrued Expense
58.61
-25.39
-0.09
5.27
40.85
Change in Payable
58.61
-25.39
-0.09
5.27
40.85
Change in Account Payable
58.61
-25.39
-0.09
5.27
40.85
Change in Other Current Assets
-2.88
32.97
-7.65
-12.58
-31.77
Change in Other Current Liabilities
Change in Other Working Capital
-0.08
-83.68
-112.21
-199.98
-173.65
Cash Flow from Continuing Investing Activities
-137.82
67.64
-163.40
-265.56
-365.26
Net PPE Purchase and Sale
Net Business Purchase and Sale
Purchase of Business
Net Investment Purchase and Sale
12.47
95.59
-114.93
-80.70
-152.18
Purchase of Investment
-159.93
-119.64
-357.42
-314.20
-379.47
Sale of Investment
172.40
215.23
242.49
233.50
227.29
Net Other Investing Changes
-11.93
-16.74
-2.15
-12.67
-13.77
Financing Cash Flow
-126.26
-25.57
63.45
269.53
352.15
Cash Flow from Continuing Financing Activities
-126.26
-25.57
63.45
269.53
352.15
Net Issuance Payments of Debt
23.90
8.60
20.75
22.08
31.19
Net Long-Term Debt Issuance
32.89
10.54
13.31
12.66
29.15
Long-Term Debt Issuance
78.44
75.42
109.91
120.76
140.73
Long-Term Debt Payments
-45.56
-64.88
-96.60
-108.10
-111.58
Net Short-Term Debt Issuance
-8.98
-1.93
7.44
9.42
2.04
Net Common Stock Issuance
-3.16
-9.82
-18.83
-31.59
-32.39
Common Stock Issuance
Common Stock Payments
-3.16
-9.82
-18.83
-31.59
-32.39
Cash Dividends Paid
-13.56
-13.46
-14.78
-16.62
-17.18
Net Other Financing Charges
2.44
7.51
0.07
-3.04
-1.57
End Cash Position
2,635.21
2,176.64
1,996.51
1,493.00
1,379.24
Changes in Cash
-156.96
55.05
-141.97
-143.81
-120.81
Beginning Cash Position
2,808.81
2,119.73
2,151.35
1,618.98
1,493.00
Capital Expenditure
Issuance of Capital Stock
0.00
2.50
3.00
0.00
Issuance of Debt
78.44
75.42
109.91
120.76
140.73
Repayment of Debt
-45.56
-64.88
-96.60
-108.10
-111.58
Repurchase of Capital Stock
-10.60
-9.82
-28.68
-34.59
-32.39
Free Cash Flow
107.12
12.97
-42.01
-147.78
-107.70