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Earnings transcript
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JPM
JPMorgan Chase & Co.
$339.72
4.19
(1.25%)
| Exchange: | NYSE |
| Market Cap: | 903.04B |
| Shares Outstanding: | 144.776M |
Delayed data
About The Company
| Sector: | Financial ServicesView sector performance | |||||
| Industry: | Banks – DiversifiedView industry performance | |||||
| CEO: | Jamie Dimon | |||||
| Full Time Employees: | 320560 | |||||
| Address: |
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| Website: | https://www.jpmorganchase.com |
JPMorgan Chase & Co. operates as a bank and financial holding company in the United States, rest of North America, Europe, the Middle East, Africa, the Asia Pacific, Latin America, and the Caribbean. It operates in three segments: Consumer & Community Banking, Commercial & Investment Bank, and Asset & Wealth Management. The company offers deposit, investment and lending products, and cash management; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, payment solutions, travel services, merchant offers, lifestyle benefits, auto loans, and leases to consumers and small businesses through bank branches, ATMs, and digital and telephone banking. It also provides investment banking, market-making, financing, custody, and securities products and services; corporate strategy and structure advisory, equity and debt market capital-raising, and loan origination and syndication services; cash and derivative instruments, risk management solutions, prime brokerage, clearing, and research; and fund services, liquidity and trading services, and data solutions products for large corporations, financial institutions, merchants, start-ups, small and midsized companies, local governments, municipalities, nonprofits, and commercial real estate clients. In addition, the company offers multi-asset investment management solutions in equities, fixed income, alternatives, and money market funds to institutional clients and retail investors; retirement products and services, estate planning, lending, deposits, and investment management products to high-net-worth clients; and financial transaction processing. JPMorgan Chase & Co. was founded in 1799 and is headquartered in New York, New York.
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Revenue Segmentation
JPM full analysis
Hey everyone, welcome back to MarketSnap. If you're thinking about buying JPM at today's price, stop for a second. We're running it through the MarketSnap valuation model — the same checklist we'd use before risking real capital. Does the math justify the price, or is the market already ahead of itself? Let's dig into the numbers and find out. JPMorgan Chase isn't just another bank—it's the largest bank in America by assets, with a market cap hovering near a trillion…
Industry Peers
| TICKER | COMPANY | MKT CAP | P/E | FWD P/E | ROIC |
|---|---|---|---|---|---|
| JPM | JPMorgan Chase & Co. | 903.0B | 14.3 | 13.7 | 3.2% |
 BAC | Bank of America Corporation | 358.2B | 12.3 | 11.5 | 1.0% |
 HSBC | HSBC Holdings plc | 324.6B | 13.1 | 11.1 | 1.8% |
 RY | Royal Bank of Canada | 274.3B | 17.2 | 17.3 | 0.9% |
 WFC | Wells Fargo & Company | 253.6B | 11.9 | 11.4 | 3.2% |
 MUFG | Mitsubishi UFJ Financial Group, Inc. | 246.3B | 14.6 | 17.4 | 0.7% |
EPS
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Earnings Call
AI summary
Key takeaways
Short, structured highlights from the call so you can focus on what matters.
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 236,273,000 | 270,789,000 | 279,745,000 |
| Gross Profit | 145,670,000 | 158,785,000 | 167,607,000 |
| EBITDA | 69,124,000 | 83,019,000 | 81,416,000 |
| Operating Income | 61,612,000 | 75,081,000 | 72,595,000 |
| Net Income | 49,552,000 | 58,471,000 | 57,048,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 3,875,393,000 | 4,002,814,000 | 4,424,900,000 |
| Total Liabilities | 3,547,515,000 | 3,658,056,000 | 4,062,462,000 |
| Total Stockholders Equity | 327,878,000 | 344,758,000 | 362,438,000 |
| Total Debt | 653,072,000 | 751,146,000 | 499,982,000 |
| Cash and Cash Equivalents | 624,151,000 | 469,317,000 | 343,338,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 12,974,000 | -42,012,000 | 100,867,000 |
| Capital Expenditure | 0 | 0 | 0 |
| Free Cash Flow | 12,974,000 | -42,012,000 | 100,867,000 |
| Net Income | 49,552,000 | 58,471,000 | 56,780,000 |
| Net Change in Cash | 56,917,000 | -154,834,000 | -125,979,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 217,113,170.658 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 233,842,660.082 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 227,750,585.243 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 91,498,391.322 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 107,916,681.193 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 92,111,684.087 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 69,524,037.564 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 82,647,043.309 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 70,014,237.490 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 54,787,549.431 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 59,009,162.178 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 57,471,854.006 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 27.530 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 29.710 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 25 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 7 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 10 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Diversified revenue streams supported by product and geographic segment reporting structures, enabling resilience across market conditions.
- Strong liquidity position indicated by currentRatioTTM and quickRatioTTM metrics available in key metrics data.
- Consistent dividend distributions reflected in lastDiv and dividendYieldTTM columns, supporting shareholder returns.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MarketSnap estimates JPM intrinsic value between $131.03 – $264.28 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about JPM valuation
Is JPMorgan Chase & Co. (JPM) overvalued or undervalued right now?
MarketSnap estimates intrinsic value for JPMorgan Chase & Co. (JPM) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is JPM a buy, hold, or sell for long-term investors?
MarketSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether JPM trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is JPM’s P/E ratio?
You can see JPM’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for JPM?
MarketSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MarketSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is JPM a good long-term investment?
Whether JPM fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MarketSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
JPM
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Daily snapshot
1.25
Trading Metrics:
| Open: | 339.45 | Previous Close: | 335.53 | |
| Day Low: | 337.52 | Day High: | 344.4 | |
| Year Low: | 279.1 | Year High: | 366.5 | |
| Price Avg 50: | 348.45 | Price Avg 200: | 322.29 | |
| Volume: | 8.404M | Average Volume: | 8.158M |
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