JP
JPMorgan Chase & Co
JPM—
JPMorgan Chase & Co AI Insights
Informational only. Not investment advice.Snapshot
- Net income TTM of 58B yields 32.4% net margin vs industry median 25.7% - scale advantage in banking profitability[Net Margin TTM]
- ROE TTM 17.5% vs industry median 10% - 75% premium return on equity despite 4.6T asset base[ROE TTM]
- Free cash flow TTM negative 119.7B reflects balance sheet growth, not operating weakness - loan book expansion[Free Cash Flow TTM]
Watch Triggers
- Net Margin TTM: Falls below 28% — Would signal NIM compression or credit losses eroding core profitability advantage
- ROE TTM: Drops below 14% — Convergence to industry median would eliminate valuation premium justification
- Change in Working Capital: Negative exceeds 100B — Accelerating balance sheet growth straining liquidity buffers
Bull Case
Dominant scale: 178.8B revenue TTM is 434x industry median (412M), creating unmatched cost absorption and pricing power in capital markets
Total Revenue TTMNet Income TTMTotal Assets
Capital fortress: 340B common equity with tangible book 275.7B provides 15% goodwill cushion and regulatory buffer for stress scenarios
Common Stockholders EquityTangible Book ValueGoodwill
Bear Case
Interest rate sensitivity: 98.3B interest expense TTM (2,889x industry median) magnifies NIM compression risk in falling rate environment
Interest Expense TTMNet DebtTotal Debt
Negative operating cash flow (-45.2B TTM) and working capital drain (-71.7B) signal balance sheet stress requiring continued deposit funding
Cash Flow from Continuing Operating ActivitiesChange in Working Capital
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
62%
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Forward Thesis
Net interest income expansion as rate environment normalizes with 496B debt book repricing
1-3ymed
- 98.3B interest expense TTM creates leverage to rate moves
- 303B cash position for deployment flexibility
- Asset turnover 4.1% leaves room for yield improvement
Interest expense TTM 98.3B vs 34M industry medianTotal assets 4.56T with 1.3% ROAPretax income 72.8B demonstrates earnings power
Valuation Context
Caveats
Public Strategies Rankings
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JPM Fundamentals
Finance and Insurance → Credit Intermediation and Related Activities
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$864.79B | — | ||
$1.06T | — | ||
15 | — | ||
$178.84B | +8.2% | — | |
$20.65 | +21.4% | — | |
0% | — | ||
32.5% | -0.1% | — | |
$-119.75B | — | ||
0.17 | -0.0% | — | |
Beta 5Y (Monthly) | unknown | — |
JPM Dividend History
105 dividends
2026
$1.500001/06/26$1.5000
2025
$5.550010/06/25$1.5000
07/03/25$1.4000
04/04/25$1.4000
01/06/25$1.2500
2024
$4.600010/04/24$1.2500
07/05/24$1.1500
04/04/24$1.1500
01/04/24$1.0500
2023
$4.050010/05/23$1.0500
07/05/23$1.0000
04/05/23$1.0000
01/05/23$1.0000
2022
$4.000010/05/22$1.0000
07/05/22$1.0000
04/05/22$1.0000
01/05/22$1.0000
2021
$3.700010/05/21$1.0000
07/02/21$0.9000
04/05/21$0.9000
01/05/21$0.9000
2020
$3.600010/05/20$0.9000
07/02/20$0.9000
04/03/20$0.9000
01/03/20$0.9000
2019
$3.300010/03/19$0.9000
07/03/19$0.8000
04/04/19$0.8000
01/03/19$0.8000
2018
$2.480010/04/18$0.8000
07/05/18$0.5600
04/05/18$0.5600
01/04/18$0.5600
2017
$2.040010/05/17$0.5600
07/03/17$0.5000
04/04/17$0.5000
01/04/17$0.4800
2016
$1.840010/04/16$0.4800
07/01/16$0.4800
04/04/16$0.4400
01/04/16$0.4400
2015
$1.680010/02/15$0.4400
07/01/15$0.4400
04/01/15$0.4000
01/02/15$0.4000
2014
$1.560010/02/14$0.4000
07/01/14$0.4000
04/02/14$0.3800
01/02/14$0.3800
2013
$1.360010/02/13$0.3800
07/02/13$0.3800
04/03/13$0.3000
01/02/13$0.3000
2012
$1.150010/03/12$0.3000
07/03/12$0.3000
04/03/12$0.3000
01/04/12$0.2500
2011
$0.800010/04/11$0.2500
07/01/11$0.2500
04/04/11$0.2500
01/04/11$0.0500
2010
$0.200010/04/10$0.0500
07/01/10$0.0500
04/01/10$0.0500
01/04/10$0.0500
2009
$0.530010/02/09$0.0500
07/01/09$0.0500
04/02/09$0.0500
01/02/09$0.3800
2008
$1.520010/02/08$0.3800
07/01/08$0.3800
04/02/08$0.3800
01/02/08$0.3800
2007
$1.440010/03/07$0.3800
07/03/07$0.3800
04/03/07$0.3400
01/03/07$0.3400
2006
$1.360010/04/06$0.3400
07/03/06$0.3400
04/04/06$0.3400
01/04/06$0.3400
2005
$1.360010/04/05$0.3400
07/01/05$0.3400
04/04/05$0.3400
01/04/05$0.3400
2004
$1.360010/04/04$0.3400
07/01/04$0.3400
04/02/04$0.3400
01/02/04$0.3400
2003
$1.360010/02/03$0.3400
07/01/03$0.3400
04/02/03$0.3400
01/02/03$0.3400
2002
$1.360010/02/02$0.3400
07/02/02$0.3400
04/03/02$0.3400
01/02/02$0.3400
2001
$1.340010/03/01$0.3400
07/03/01$0.3400
04/04/01$0.3400
01/03/01$0.3200
2000
$1.233310/04/00$0.3200
07/03/00$0.3200
04/04/00$0.3200
01/04/00$0.2733
JPM Stock Splits
1 stock split
06/12/002:3 split
JPM SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
11/04/25 | 09/30/25 | 10-Q | |
08/05/25 | 06/30/25 | 10-Q | |
05/01/25 | 03/31/25 | 10-Q | |
02/14/25 | 12/31/24 | Unknown | |
10/30/24 | 09/30/24 | 10-Q | |
08/02/24 | 06/30/24 | 10-Q | |
05/01/24 | 03/31/24 | 10-Q | |
02/16/24 | 12/31/23 | 10-K | |
11/01/23 | 09/30/23 | 10-Q | |
08/03/23 | 06/30/23 | 10-Q | |
05/03/23 | 03/31/23 | 10-Q | |
02/21/23 | 12/31/22 | 10-K | |
11/03/22 | 09/30/22 | 10-Q | |
08/03/22 | 06/30/22 | 10-Q | |
05/03/22 | 03/31/22 | 10-Q | |
02/22/22 | 12/31/21 | 10-K | |
11/02/21 | 09/30/21 | 10-Q | |
08/02/21 | 06/30/21 | 10-Q | |
05/04/21 | 03/31/21 | 10-Q | |
02/23/21 | 12/31/20 | 10-K | |
11/02/20 | 09/30/20 | 10-Q | |
08/03/20 | 06/30/20 | 10-Q | |
05/07/20 | 03/31/20 | 10-Q | |
02/25/20 | 12/31/19 | 10-K | |
11/04/19 | 09/30/19 | 10-Q | |
08/06/19 | 06/30/19 | 10-Q | |
05/02/19 | 03/31/19 | 10-Q | |
02/26/19 | 12/31/18 | 10-K | |
10/31/18 | 09/30/18 | 10-Q | |
08/01/18 | 06/30/18 | 10-Q | |
05/02/18 | 03/31/18 | 10-Q | |
02/27/18 | 12/31/17 | 10-K | |
11/01/17 | 09/30/17 | 10-Q | |
08/02/17 | 06/30/17 | 10-Q | |
05/02/17 | 03/31/17 | 10-Q | |
02/28/17 | 12/31/16 | 10-K | |
11/01/16 | 09/30/16 | 10-Q | |
08/03/16 | 06/30/16 | 10-Q | |
04/29/16 | 03/31/16 | 10-Q | |
02/23/16 | 12/31/15 | 10-K | |
11/02/15 | 09/30/15 | 10-Q | |
08/03/15 | 06/30/15 | 10-Q | |
05/05/15 | 03/31/15 | 10-Q | |
02/24/15 | 12/31/14 | 10-K | |
11/03/14 | 09/30/14 | 10-Q | |
08/04/14 | 06/30/14 | 10-Q | |
05/02/14 | 03/31/14 | 10-Q | |
02/20/14 | 12/31/13 | 10-K | |
11/01/13 | 09/30/13 | 10-Q | |
08/07/13 | 06/30/13 | 10-Q | |
05/08/13 | 03/31/13 | 10-Q | |
02/28/13 | 12/31/12 | 10-K | |
11/08/12 | 09/30/12 | 10-Q | |
08/09/12 | 06/30/12 | 10-Q | |
05/10/12 | 03/31/12 | 10-Q | |
02/29/12 | 12/31/11 | 10-K | |
11/04/11 | 09/30/11 | 10-Q | |
08/05/11 | 06/30/11 | 10-Q | |
05/06/11 | 03/31/11 | 10-Q | |
08/09/12 | 03/31/11 | 10-Q/A | |
02/28/11 | 12/31/10 | 10-K | |
11/04/11 | 09/30/10 | 10-Q | |
08/06/10 | 06/30/10 | 10-Q | |
05/10/10 | 03/31/10 | 10-Q | |
02/24/10 | 12/31/09 | 10-K | |
11/09/10 | 09/30/09 | 10-Q | |
11/09/09 | 09/30/09 | 10-Q | |
08/10/09 | 06/30/09 | 10-Q | |
05/07/09 | 03/30/09 | 10-Q | |
03/02/09 | 12/31/08 | 10-K | |
11/07/08 | 09/30/08 | 10-Q | |
08/11/08 | 06/30/08 | 8-K | |
05/12/08 | 03/30/08 | Unknown | -- |
02/29/08 | 12/31/07 | 10-K | |
11/09/07 | 09/30/07 | 4 | |
08/09/07 | 06/30/07 | 4 | |
05/10/07 | 03/31/07 | 8-K | |
03/01/07 | 12/31/06 | 10-K | |
11/08/06 | 09/30/06 | 4 | |
08/09/06 | 06/30/06 | 8-K | |
05/08/06 | 03/30/06 | Unknown | -- |
03/09/06 | 12/31/05 | 8-K | |
11/09/05 | 09/30/05 | 8-K | |
08/08/05 | 06/30/05 | 4 | |
05/05/05 | 03/30/05 | Unknown | -- |
03/02/05 | 12/31/04 | 13F-HR | |
11/09/04 | 09/30/04 | 10-Q | |
08/09/04 | 06/30/04 | 10-Q | |
05/10/04 | 03/30/04 | Unknown | -- |
02/18/04 | 12/31/03 | 13F-HR | |
11/12/03 | 09/30/03 | 4 | |
08/12/03 | 06/30/03 | 10-Q | |
05/14/03 | 03/30/03 | Unknown | -- |
03/19/03 | 12/31/02 | 4 | |
11/14/02 | 09/30/02 | 10-Q | |
08/12/02 | 06/30/02 | 10-Q | |
05/15/02 | 03/30/02 | Unknown | -- |
03/22/02 | 12/31/01 | 13F-HR | |
11/14/01 | 09/30/01 | 10-Q | |
08/14/01 | 06/30/01 | 10-Q | |
05/15/01 | 03/31/01 | 13F-HR | |
03/22/01 | 12/31/00 | 8-K | |
11/14/00 | 09/30/00 | 10-Q | |
08/14/00 | 06/30/00 | 8-K | |
05/15/00 | 03/30/00 | Unknown | -- |