JPMorgan Chase
Links U.S. consumer banking with global investment banking, payments, markets, and asset management.
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Profile
Provides consumer and small-business banking, credit cards, corporate and investment banking, payments, markets, custody, asset management, and private banking. A broad U.S. deposit franchise supports a global institutional business, with earnings shaped by credit quality, interest rates, market activity, and banking regulation.
Runs three reportable businesses across consumer finance, corporate and institutional banking, and investing. Consumer & Community Banking provides deposits, cards, home and auto lending, small-business banking, and branch and digital services in the U.S. Commercial & Investment Bank serves companies, governments, and institutions worldwide through advisory, capital markets, lending, payments, market-making, custody, and securities services.
Asset & Wealth Management offers investment strategies and private banking to institutions and wealthy clients. Chase anchors the predominantly U.S. consumer franchise, while J.P. Morgan serves corporate, institutional, and government clients globally. This breadth spans deposit-funded lending and fee-based payments, markets, custody, and investment services. Earnings remain exposed to credit performance, interest rates, market activity, and regulatory capital and liquidity requirements.
Company facts
Key statistics
Year to date +9.8% · Average volume (30d) 6.2M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 14, 2026 | Wells Fargo | Reiterate | Overweight | $375 | $390 | |
| Aug 3, 2026 | UBS | Reiterate | Buy | $384 | $400 | |
| Jul 22, 2026 | Deutsche Bank | Upgrade | Hold | Buy | $235 | $375 |
| Jul 15, 2026 | Truist Financial | Target | $344 | $352 | ||
| Jul 15, 2026 | RBC Capital | Reiterate | Outperform | $330 | $370 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 14, 2026Q2 FY26 | $5.59 | $7.59 | +35.8% | $50.72B | $57.35B | +13.1% | +1.17% |
| Apr 14, 2026Q1 FY26 | $5.47 | $5.94 | +8.6% | $49.18B | $49.84B | +1.3% | −1.67% |
| Jan 13, 2026Q4 FY25 | $4.85 | $4.63 | −4.5% | $46.17B | $45.80B | −0.8% | −0.97% |
| Oct 14, 2025Q3 FY25 | $4.85 | $5.07 | +4.5% | $45.47B | $46.43B | +2.1% | +1.20% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $68.91B | $69.91B | $71.90B | $69.61B | $73.66B | $82.46B | |
| Gross profit | $42.01B | $42.02B | $43.02B | $41.14B | $47.33B | $54.83B | |
| Operating income | $18.41B | $18.28B | $18.74B | $17.16B | $20.48B | $27.52B | |
| Net income | $14.64B | $14.99B | $14.39B | $13.03B | $16.49B | $21.16B | |
| Diluted EPS | $5.07 | $5.24 | $5.07 | $4.63 | $5.94 | $7.57 | |
| Gross margin | 61.0% | 60.1% | 59.8% | 59.1% | 64.3% | 66.5% | |
| Operating margin | 26.7% | 26.2% | 26.1% | 24.7% | 27.8% | 33.4% |
Fiscal years (4-quarter sums)FY21 $127.24B · FY22 $154.74B · FY23 $236.61B · FY24 $270.77B · FY25 $280.33B
Revenue by product · Q4 FY25
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $2.62T · Total debt $1.24T · Total assets $5.02T · Shareholders' equity $374.60B
Dividends
Raised for 16 straight years — most recently to $1.50 from $1.40 in Oct 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 6, 2026 | Jul 6 | Jul 31 | $1.50 | |
| Apr 6, 2026 | Apr 6 | Apr 30 | $1.50 | |
| Jan 6, 2026 | Jan 6 | Jan 31 | $1.50 | |
| Oct 6, 2025 | Oct 6 | Oct 31 | $1.50 | raised from $1.40 |
| Jul 3, 2025 | Jul 3 | Jul 31 | $1.40 | |
| Apr 4, 2025 | Apr 4 | Apr 30 | $1.40 | raised from $1.25 |
| Jan 6, 2025 | Jan 6 | Jan 31 | $1.25 | |
| Oct 4, 2024 | Oct 4 | Oct 31 | $1.25 | raised from $1.15 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 2.68B · Float 2.67B · 99.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 206.29M | 7.70% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 161.59M | 6.03% | 13F | Aug 13, 2026 |
| State Street Corp | 125.21M | 4.67% | 13F | Aug 7, 2026 |
| Bank of America Corp /DE/ | 69.67M | 2.60% | 13F | Aug 14, 2026 |
| Morgan Stanley | 67.09M | 2.50% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 11, 2026 | Robin Leopold | officer: Head of Human Resources | −2,500 | $361.41 |
| Jun 22, 2026 | Stacey Friedman | officer: General Counsel | −5,467 | $330.73 |
| May 20, 2026 | Stacey Friedman | officer: General Counsel | −5,468 | $300.27 |
| May 15, 2026 | Lori A. Beer | officer: Chief Information Officer | −3,165 | $300.05 |
| May 15, 2026 | Douglas B. Petno | officer: Co-CEO CIB | −5,659 | $300.05 |
Peers
- Bank of America
Full-spectrum universal bank competing across every segment.
- Citi
Global institutional banking rival with the deepest international network.
- Wells Fargo
Major US domestic bank: strong in retail, commercial, and home lending.
- Goldman Sachs
Premier M&A advisor and FICC/equities trading rival; top-5 alternatives manager.
- Morgan Stanley
Wealth management and institutional securities rival; same client tiers.
- Charles Schwab
Largest US retail brokerage; competes in wealth management and RIA custody.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| JPMorgan Chase | $357.66 | +0.05% | $958.25B | 15.4 | 14.8 | 3.2 | +27.8% |
| Bank of America | $62.30 | −0.04% | $442.26B | 14.4 | 12.7 | 2.3 | +19.3% |
| Citi | $132.62 | −0.19% | $227.81B | 14.3 | 11.4 | 1.3 | +14.3% |
| Wells Fargo | $86.69 | +0.01% | $262.12B | 12.5 | 11.6 | 2.0 | +8.6% |
| Goldman Sachs | $1,033.62 | +0.05% | $305.03B | 16.0 | 14.8 | 2.6 | +39.5% |
| Morgan Stanley | $214.50 | −0.13% | $338.75B | 17.5 | 16.3 | 2.7 | +36.8% |
| Charles Schwab | $110.05 | −0.09% | $191.58B | 20.0 | 15.2 | 6.4 | +20.9% |
| Median | 15.2 | 13.7 | 2.4 | +20.1% |