Fundamentals snapshot
JPM · NYQ · Financial Services · Banks - Diversified
Current price
$351.79
52-week range
$279.10 - $359.30
Market cap
—
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 $484.19B. 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 serves nearly everyone, from people needing a checking account or credit card to huge corporations that need help raising money or making deals. The company primarily makes money from the interest it earns on loans (like mortgages and business loans) and from the fees it charges for services like investment advice. Because its business touches so many parts of the economy, the bank's performance is often viewed as a clue to the health of the entire economy.
JPMorgan Chase's story is one of merging several historical banking powerhouses. Its roots trace back to 1799 with The Bank of the Manhattan Company, co-founded by Aaron Burr. The modern company was formed in 2000 when J.P. Morgan & Co., a leader in investment banking (advising companies on large financial deals), merged with Chase Manhattan Bank, a major consumer bank. The company grew even larger by acquiring other banks, notably Bank One in 2004 and later, Bear Stearns and Washington Mutual during the 2008 financial crisis. This series of mergers created the giant, diversified financial services company that it is today.
JPMorgan Chase operates as a massive global bank, offering a wide range of financial services under its two main brands, J.P. Morgan and Chase. For everyday people and small businesses, the Chase brand provides familiar services like checking and savings accounts, credit cards, mortgages, and auto loans. For large corporations, governments, and wealthy individuals, the J.P. Morgan brand offers more complex services like investment banking (helping companies raise money), managing large investment portfolios, and handling complex financial transactions. Essentially, it functions as both a regular neighborhood bank and a high-powered Wall Street firm.
This is the largest and most recognizable part of the company, operating under the Chase brand. It serves millions of individuals, families, and small businesses through a vast network of branches, ATMs, and digital banking platforms. This segment makes money by taking deposits, providing loans for homes and cars, and issuing credit cards. It's the primary face of the company for the general public and represents a very large portion of the company's business.
This segment, operating under the J.P. Morgan brand, serves large corporations, institutional investors (like pension funds), and governments around the world. It provides strategic advice on major deals like mergers and acquisitions (when one company buys another), raises large amounts of money for clients by issuing stocks and bonds, and manages financial risks. This division also includes a massive trading operation. It is the company's biggest segment in terms of revenue.
This division focuses on managing money for wealthy individuals, families, and large institutions like pension funds and charitable endowments. Acting as a fiduciary (a trusted party legally required to act in the client's best interest), it helps clients invest their money across a wide range of assets to grow and protect their wealth. This business makes money by charging fees for its investment advice and management services. It represents a smaller but significant portion of the company's overall revenue.
The company is heavily investing in technology, particularly artificial intelligence (AI), to improve efficiency and personalize services for its customers. It is also focused on expanding its physical presence by opening hundreds of new Chase branches, believing that local, in-person banking is still highly valued by customers. Another key priority is financing the transition to a low-carbon economy, committing to fund green initiatives like renewable energy. Finally, the bank is expanding its community banking efforts to provide more financial health education and support to underserved communities.
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 $484.2B - more cash than debt. Interest coverage unavailable.
JP Morgan 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