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JPMorgan Chase & Co (VYLD) stock analysis

VYLDNYSENational Commercial BanksFiscal year ends December 31Also trades as AMJB, JPM, JPM.PC, JPM.PD, JPM.PJ, JPM.PK, JPM.PL, JPM.PM
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026Score 17/3037% above fair value
$30.69−0.63 (-2.02%)

Close on Oct 30, 2026Market cap $82.69BP/E 1.3Yield 18.90%

StockData Score

Prices as of Oct 30, 2026How the score works

Value0Growth4Performance5Health5Dividend3

Solid17 of 30 checks passed

JPMorgan Chase passes 17 of the 30 checks behind our score; 3 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.

Valuation
0/6
Growth
4/6
Past performance
5/6
Financial health
5/6
Dividend
3/6

What stands out

  • Return on equity over 15%

    Return on equity was 17.8% over the last twelve months and averaged 15.8% over five years.

  • Modest borrowings

    Borrowings other than deposits are 19.3% of equity.

  • Earnings grew over 5 years

    Net income grew 14.4% a year on average over the last five fiscal years.

  • Revenue growing 10%+ a year

    Revenue grew 12.3% a year over the last three fiscal years.

What to watch

  • Margin of safety under 20%

    The price is 36.7% above fair value, so there is no margin of safety.

  • Trading above fair value

    The share price of $337.04 is above our fair value estimate of $246.53.

  • P/E above its 5-year median

    JPMorgan Chase's P/E of 14.4 is above its own 5-year median of 11.8.

  • P/E above the industry

    JPMorgan Chase's P/E of 14.4 is above the Commercial Banks median of 12.3.

Valuation0/6

  • P/E above its 5-year median

    JPMorgan Chase's P/E of 14.4 is above its own 5-year median of 11.8.

  • P/E above the industry

    JPMorgan Chase's P/E of 14.4 is above the Commercial Banks median of 12.3.

  • P/S above the industry

    JPMorgan Chase's price-to-sales of 4.49 is above the Commercial Banks median of 3.64.

  • P/B above the industry

    JPMorgan Chase's price-to-book of 2.39 is above the Commercial Banks median of 1.27.

  • Trading above fair value

    The share price of $337.04 is above our fair value estimate of $246.53.

  • Margin of safety under 20%

    The price is 36.7% above fair value, so there is no margin of safety.

Growth4/6

  • Revenue growing 10%+ a year

    Revenue grew 12.3% a year over the last three fiscal years.

  • EPS growing 10%+ a year

    Diluted EPS grew 18.3% a year over the last three fiscal years.

  • Earnings growth accelerating

    Net income grew 15.1% over the last twelve months, against a 5-year average of 14.4% a year.

  • Growing faster than the industry

    Revenue grew 13.5% over the last twelve months; the Commercial Banks median is 11.4%.

  • Company guidance

    No outlook found in earnings releases from the last twelve months.

  • Gross margin trend

    Banks and insurers do not report gross profit.

Past performance5/6

  • Return on equity over 15%

    Return on equity was 17.8% over the last twelve months and averaged 15.8% over five years.

  • Return on assets over 1%

    Return on assets was 1.4%; for a bank or insurer, 1% or more is considered good.

  • Return on equity above the industry

    JPMorgan Chase's return on equity of 17.8% is above the Commercial Banks median of 11.2%.

  • Earnings grew over 5 years

    Net income grew 14.4% a year on average over the last five fiscal years.

  • Net margin below its 5-year average

    Net margin was 32.6% over the last twelve months, against a 5-year average of 32.9%.

  • Net margin above the industry

    JPMorgan Chase's net margin of 32.6% is above the Commercial Banks median of 30.0%.

Financial health5/6

  • Thin capital

    Equity is 7.5% of total assets; 8% or more is a comfortable cushion.

  • Loans funded by deposits

    Loans equal 55.9% of deposits, so lending is funded by customer deposits.

  • Adequate loan-loss reserve

    The allowance for credit losses is 1.7% of loans; we look for at least 1%.

  • Efficient operations

    Non-interest expense takes 51.4% of revenue; under 60% is efficient for a bank.

  • Deposits growing

    Deposits grew 5.9% over the past year.

  • Modest borrowings

    Borrowings other than deposits are 19.3% of equity.

Dividend3/6

  • Pays a dividend

    JPMorgan Chase paid dividends worth 1.8% of the share price over the last twelve months.

  • Yield below Treasuries

    The 1.8% yield is below the 4.4% on a 1-year Treasury.

  • Yield below the top quarter

    The top quarter of US dividend payers yield 4.0% or more; JPMorgan Chase yields 1.8%.

  • Dividend not cut

    The dividend per share has not fallen by more than 10% in any of the last 10 fiscal years.

  • Covered by earnings

    Dividends take 26.6% of net income.

  • Cash-flow cover

    Needs dividends paid and free cash flow.

Scores of similar companies

Fair value

How we estimate it

Our estimate per share

$246.53

The share price is 37% above this estimate.

20%+ below
Near fair value
20%+ above
$337.04Price$246.53Fair value
MethodMultiple usedOwn 5Y medianIndustry medianValue per shareWeight
P/E12.1×11.8×12.3×$281.5650%
P/B1.5×1.7×1.3×$211.5050%
Fair value$246.53100%

Valuation over time

Using the earnings and balance sheet published at each date, not today's.

  • P/E at month end
  • Own 5-year median 11.8
  • Commercial Banks median 12.3

An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.

Market risk

From the past year of daily prices.

Liquidity

Low risk

Average value traded per day
$2.50B
Value traded per 1% price move
$2.93B

Downside

Low risk

Typical loss in a bad month
8.7%
Volatility (annualized)
22%
Sharpe ratio, 1 year
0.27
Beta to the S&P 500 (5Y)
1.01

Typical bad-month loss, week by week

25%: high

Margins

Share of revenue, fiscal years 2011 to 2025

Net margin

31.3%+7.0 pts over 5 years