JPMorgan Chase & Co. is a leading global financial services institution and the largest bank in the United States, providing investment banking, commercial banking, asset and wealth management, and retail banking services under the Chase brand. Tracing its predecessor roots back to 1799, the firm in its modern form was established through the merger of Chase Manhattan Corporation and J.P. Morgan & Co. in 2000. Currently, the company is focused on enterprise-wide artificial intelligence adoption, expanding its nationwide physical branch network, and scaling capital deployment toward housing and community financial health initiatives.
Executive summary
JPMorgan Chase delivers exceptional operating profitability across global wholesale and domestic retail banking, producing a 31.27% net margin and an industry-leading 20% return on tangible common equity1,22. While regulatory uncertainty regarding Basel III capital rules and consumer card credit normalization represent mild headwinds, consensus projects 21.33% EPS expansion in fiscal 202612,17. Trading at 13.44 times forward earnings after a modest 8.3% one-year share appreciation, the valuation does not fully reflect the bank's durable compounding power and expanding deposit franchise.
Sources cited here, 4 of 27
- 1gurufocus.com
- 12barchart.com
- 17bpi.com
- 22morningstar.com
Key figures
- Market cap
- $883.5B
- P/E, trailing
- 14.2
- P/E, next 12 months
- 13.4
- Revenue growth, last fiscal year
- 2.8%
- Net margin, last fiscal year
- 31.3%
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