Fundamentals snapshot
JPM · NYQ · Financial Services · Banks - Diversified
Current price
$343.24
52-week range
$279.10 - $366.50
Market cap
$911.51B
One-glance verdict
We don't put a cash-flow fair value on banks and insurers. For these companies the reported 'cash flow' is really just money moving between loans, deposits and trades — not the leftover profit the owners could actually pocket — so the usual method would print a misleading number.
Balance sheet
Net cash $555.22B. Interest coverage shows how many times profit covers the interest bill.
What stands out
What this company does
JPMorgan Chase is a giant global bank that offers financial services you might use, like checking accounts, credit cards, and home loans. It also serves large corporations by helping them raise money and manages investments for wealthy clients and big institutions. The bank primarily earns money from the interest it charges on loans and the fees it collects for its financial services, making its performance a key indicator of the economy's overall health.
JPMorgan Chase & Co. has a long history, tracing its roots back to 1799. It was formed through a series of mergers and acquisitions of prominent financial institutions, with the most significant being the 2000 merger of Chase Manhattan Corporation and J.P. Morgan & Co. This consolidation created a financial powerhouse with a broad range of services. The company has navigated numerous economic cycles, including financial crises, demonstrating resilience and adaptability in the ever-evolving financial landscape.
At its core, JPMorgan Chase is a financial services company that acts as a bank. It offers a wide array of products and services to individuals, small businesses, and large corporations. Think of it as a financial supermarket where you can deposit money, take out loans, invest your savings, and manage your payments. The company operates globally, providing essential financial infrastructure that supports economic activity.
This segment is what most people think of when they picture a bank. It serves individual consumers and small businesses by offering checking and savings accounts, credit cards, mortgages, and auto loans. They also provide services like cash management, helping businesses handle their day-to-day financial transactions. This is a significant part of JPMorgan Chase's business, acting as the primary interface for millions of customers through branches, ATMs, and digital platforms.
This is a more complex part of the business that caters to larger corporations and institutional clients. It involves investment banking, where the company helps businesses raise money by issuing stocks and bonds, and provides advice on mergers and acquisitions. It also includes market-making, where the bank facilitates the buying and selling of securities, and offers financing, custody, and other sophisticated financial products. This segment is crucial for facilitating large-scale economic transactions and capital flows.
This division focuses on managing money for others. For institutional clients like pension funds and endowments, and for wealthy individuals, JPMorgan Chase offers investment solutions across various asset classes, such as stocks, bonds, and alternative investments. They also provide services like retirement planning, estate planning, and lending to high-net-worth clients. Essentially, they help clients grow and preserve their wealth over the long term.
JPMorgan Chase's management is focused on leveraging its scale and diverse business lines to drive growth. A key priority is continued investment in technology and digital capabilities to enhance customer experience and operational efficiency across all segments. They are also focused on prudent risk management and capital allocation to ensure long-term profitability and shareholder value. The company aims to be a leader in providing comprehensive financial solutions to a wide range of clients, from individuals to the largest global corporations.
Price history
Earnings history
Click any quarter to read the call summary and what the numbers say.
Is it cheap or expensive?
For a bank or insurer, the "free cash flow" shown on its statements is mostly money flowing through loans, deposits and trades — not the leftover profit the owners could actually keep, which is what this kind of valuation needs. Running that through the usual method would spit out a meaningless number, so we leave the cash-flow fair value out here rather than show you something misleading.
Is it drowning in debt?
Net cash $555.2B - more cash than debt. Interest coverage unavailable.
JPMorgan Chase & Co. is healthier than 0 of 6 peers on balance-sheet leverage.
Total debt $1.33T Interest coverage — This is the baseline the peer rows are being compared against.
What you should know
The numbers
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Valuation
Profitability
Health
Growth
Cash flow
Dividend
Metric explainer
Debt comparison
What you should know