| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 53 | 15.4x | 18.2x | Around median | |
Growth | 67 | 40.4% | 7.1% | Top tier | |
Quality | 90 | — | — | Top tier | |
Safety | 12 | — | — | Bottom tier | |
Capital Return | 36 | 1.62% | 2.10% | Bottom tier | |
Momentum | 89 | 17.3% | 2.9% | Top tier | |
Sentiment | 62 | 11 | 3 | Around median |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
JPMorgan Chase & Co. operates through a diversified banking ecosystem that includes consumer and small business banking, credit cards, wealth management, investment banking, markets, and asset management. Income comes from net interest income on loans, deposits, and cards, as well as fees from investment banking, trading, and asset management; in Q2 FY2026, Consumer & Community Banking revenue was $20.3 billion, Commercial & Investment Bank revenue was $24.9 billion, and Asset & Wealth Management revenue was $6.9 billion.
In Q2 FY2026, the company generated net income of $16.9 billion, earnings per share of $6.14, and a return on tangible common equity of 23%. Excluding significant items, revenue rose 15% year over year, driven by markets revenue, Asset & Wealth Management fees, investment banking fees, and growth in loan and deposit balances, while expenses increased 15% to $27.3 billion and credit costs reached $2.5 billion.
The performance mix was strong but varied in sustainability: Commercial & Investment Bank revenue rose 27% to $24.9 billion, investment banking fees increased 30%, and equities revenue jumped 86%, while Consumer & Community Banking revenue increased 8% to $20.3 billion. Asset & Wealth Management achieved a pretax margin of 38% and net income of $2 billion, with assets under management rising 18% to $5.1 trillion and client assets increasing 19% to $7.7 trillion.
The analyst consensus is “Buy,” with an average target of $373.64 and a wide range of $305 to $420; the average is only approximately 1.9% above the 52-week range high of $366.5, while the highest target exceeds that high by approximately 14.6%. A price-to-earnings ratio is not available in the data, so the key cautionary signals remain the lowest target of $305, the wide target range, and management’s acknowledgment that repurchases become less attractive as the valuation rises toward three times tangible book value.
Figures in the text are as of 2026-08-26; the live price is shown at the top of the page.
JPMorgan generated net income of $16.9 billion and earnings per share of $6.14 in Q2 FY2026. Return on tangible common equity was 23%, while revenue excluding significant items rose 15% year over year. In contrast, expenses increased 15% to $27.3 billion, and credit costs were $2.5 billion.
Management raised its FY2026 net interest income forecast excluding markets from $95 billion to $96.5 billion and set the total forecast at approximately $105.5 billion. CFO Jeremy Barnum said the biggest factor was growth in deposit balances across wholesale and consumer businesses, alongside a shift in the mix toward balances with slightly higher margins. Higher interest rates also contributed, but the balance impact was greater than the rate impact, according to management’s explanation on July 14, 2026.
Investment banking fees rose 30% and equities revenue increased 86% year over year in Q2 FY2026, while fixed-income revenue grew 6%. The results were supported by large offerings, index rebalancing, strong activity in Asia, and the early closing of some mergers and acquisitions deals. Management confirmed that the deal pipeline remained strong, but said a recurrence of the same combination of exceptional factors in equities appears statistically unlikely.
Automated analysis for informational purposes only — not investment advice.
The bank added more than 500,000 new checking accounts during Q2 FY2026, and average Consumer & Community Banking deposits rose 3% year over year. Client investment assets also increased 21%, and the Sapphire Preferred card was refreshed in June 2026. In Asset & Wealth Management, long-term inflows reached $50 billion and assets under management rose to $5.1 trillion.
On August 5, 2026, it was reported that federal prosecutors were investigating allegations concerning JPMorgan’s handling of customer fraud cases. The allegations claim that the bank improperly denied more than $100 million in reimbursements, but the available information does not specify the outcome of the investigation. From a credit perspective, the bank recorded net charge-offs of $2.4 billion and a reserve build of $149 million in Q2 FY2026, with an expected card net charge-off rate of approximately 3.2% for FY2026.
Jamie Dimon said during the July 14, 2026 call that JPMorgan has approximately 1,000 artificial intelligence use cases, with approximately 50 major use cases across risk, fraud, marketing, hedging, client prospecting, and document reading. He explained that some units achieved workforce reductions of between 30% and 40%, with most affected employees offered other positions. On August 11, 2026, it was reported that the Kinexys platform was gaining momentum in real-world blockchain applications, but management warned that artificial intelligence savings may be passed on to customers because of competition instead of remaining fully within the bank’s margins.
