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NEW YORK STOCK EXCHANGE, INC. · Banking · CIK 0000019617
$336.54
+0.40% · delayed ~15 min
Last price from Oct 22, 2026
$907.38B market value
From JPMORGAN CHASE & CO's FY2025 10-K, filed Feb 13, 2026 · read the filing
JPMORGAN CHASE & takes deposits and lends money. It took in $182.45B last year, which makes it a very large company. Of every dollar it sells, about 31 cents is left as profit.
The financial picture is mixed, with profitability, growth and debt needing attention.
A conclusion from the filings, not a recommendation. Detailed figures and supporting evidence appear in their dedicated sections below.
Financial health
A mixed picture — some clear strengths and some weaknesses.
From JPMORGAN CHASE & CO's FY2025 annual filing · share price scored separately
Largest year-over-year changes in FY2025
Cash
$469.32B → $343.34B
Profit margin
32.9% → 31.3%
Shares in issue
2.80B → 2.70B
Dividends paid
$14.78B → $16.63B
Measured against FY2024, from the 10-K filed Feb 13, 2026
Deteriorated: -26.8%
$469.32B to $343.34BSignificant
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
How the latest move compares (quote delayed ~15 min), and what was published around it
JPM rose 0.40% on the latest quote. The average Financials company tracked here moved +1.12%, and the S&P 500 −1.04%. That is 0.7 points below its sector and 1.4 points above the market.
Expectations
Not from the filings — what other people are betting on, and what the price already assumes.
Opinions from 30 analysts covering this company, as of . Their views, not this site's.
Of 30 analysts publishing on this company, 3 say strong buy, 15 say buy and 12 say hold. Analysts are paid to publish a view and are wrong often; the split above says how much they agree with each other, which is the part a single headline rating hides.
Published by Finnhub. Analyst coverage skews towards larger companies and towards optimism — sell ratings are rare across the whole market, so a company with none is ordinary rather than endorsed.
The essentials
Each answered from the filings, with the numbers behind it.
Yes. It keeps about 31 cents of every dollar of sales as profit, earning $57.05B last year. Note that operations still consumed cash despite the reported profit.
Barely. Sales were roughly flat, up 2.8%.
For every $1 it owes, it owns $1.09 in assets. Banks and insurers always carry high debt — that is how lending works — so this is normal for the industry and not comparable with other sectors.
Core operating and valuation reference metrics
Whether the dividend is covered by what the business actually earns
It pays out 29 cents of every dollar of profit and keeps the rest, which leaves the payment comfortably covered. It has paid in each of the last 12 years.
GoodNext payment expected around , projected from how regularly it has paid before rather than from a date the company has announced.
Figures from the FY2025 annual filing
Last year it earned $57.05B and generated -$147.78B of cash from operations.
As reported to the SEC, in USD. Hover or show sources to see where each figure came from.
| Income statement | FY202510-K · Feb 13, 2026Filing for FY2025 | FY202410-K · Feb 14, 2025Filing for FY2024 | FY202310-K · Feb 16, 2024Filing for FY2023 | FY202210-K · Feb 21, 2023Filing for FY2022 | FY202110-K · Feb 22, 2022Filing for FY2021 | ChangeFY2025 vs FY2024 |
|---|---|---|---|---|---|---|
| RevenueWhat is this? | $182.45B | $177.56B | $158.10B | $128.69B | $121.65B | +2.8% |
| Interest expense | — | — | $81.32B | $26.10B | $5.55B | — |
| Income before tax | $72.59B | $75.08B | $61.61B | $46.17B | $59.56B | −3.3% |
| Net income | $57.05B | $58.47B | $49.55B | $37.68B | $48.33B | −2.4% |
| Net marginNet income ÷ revenueWhat is this? | 31.3% | 32.9% | 31.3% | 29.3% | 39.7% | −1.7 pts |
| Earnings per shareNet income ÷ shares outstanding at the period end — close to, but not the same as, the reported EPSWhat is this? | $21.16 | $20.90 | $17.23 | $12.84 | $16.42 | +1.2% |
† calculated from other reported figures, such as total liabilities as assets minus equity.
This company's latest filing beside its peers' stored scores
| Company | Health | F-Score | Revenue growth | Profit margin | P/E | Debt to equity |
|---|---|---|---|---|---|---|
| JPMJPMORGAN CHASE & CO · this page | 6.0/10 | 2/6 |
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Officers, directors and major shareholders must report within two business days of a trade.
Gifted shares — 30,000 shares
Holds 179,167 shares after this filing.
Was granted or awarded shares — 170 shares at $330.83 ($56.2K)
Holds 209,167 shares after this filing.
Was granted or awarded shares
20 recent filings, newest first. Each is labelled from its form and item numbers, not from its wording.
Reported another event
Read the filingMade a Regulation FD disclosure
Read the filingWrite down why you are following JPMORGAN CHASE & CO, what has to go right and what would change your mind, then see each new annual report measured against it. Sign in to start one.
Go deeper
Every figure above traces back to a filing in the timeline, each linked to the document itself.
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Every company's figures are checked for internal consistency: the balance sheet adding up, figures sharing one currency, cash flow and share counts within plausible ranges, and how recent the latest annual report is. Nothing here changes a figure.
Financial figures are from JPM's 10-K for fiscal year 2025 (period ending 2025-12-31, filed Feb 13, 2026), reported under the US GAAP taxonomy. View the source filing.
3 of 4 scored areas had enough reported figures to judge
The score averages profitability, growth, debt and accounting. Accounting had too few reported figures and is left out of the average rather than counted as a weakness, so a company is never marked down for a figure it did not publish. Cash generation is shown for context and already feeds profitability. Valuation is scored separately, because a share price says nothing about whether the business is sound. 6 of the 9 Piotroski checks could be evaluated. How the score works
Each year scored only from its annual report as it was first filed
| Fiscal year | Health | F-Score | Scored from |
|---|---|---|---|
| FY2025 | 6.0 | 2/6 | 10-K, filed Feb 13, 2026 |
| FY2024 | 6.0 | 4/6 | 10-K, filed Feb 14, 2025 |
| FY2023 | 8.7 | 5/6 | 10-K, filed Feb 16, 2024 |
| FY2022 | 7.3 | 5/6 | 10-K, filed Feb 21, 2023 |
| FY2021 | 7.3 | 5/6 | 10-K, filed Feb 22, 2022 |
| FY2020 | 6.0 | 2/6 | 10-K, filed Feb 23, 2021 |
A later restatement never reaches back into an earlier year, and every year is scored without a share price, so the latest point can differ a little from the headline score, which uses today's price.
Every check behind the three models, and what each one tests
2 of 6 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's. 3 could not be evaluated and are excluded from the total rather than counted as failures.
not reported — Not meaningful for banks, insurers and other financial companies. Their balance sheets have no working capital and are leveraged by design, which this model misreads as distress.
Not meaningful for banks, insurers and other financial companies. Their balance sheets have no working capital and are leveraged by design, which this model misreads as distress.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
not reported — Not meaningful for banks, insurers and other financial companies. Their balance sheets have no working capital and are leveraged by design, which this model misreads as distress.
Not meaningful for banks, insurers and other financial companies. Their balance sheets have no working capital and are leveraged by design, which this model misreads as distress.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Every figure above comes from the FY2025 filing as filed with the SEC.
Deteriorated: −1.7 pts
32.9% to 31.3%Notable
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Improved: -3.6%
2.80B to 2.70BNotable
Why it matters: The company bought back stock, so each remaining holding owns slightly more of it. Worth checking it was not funded by borrowing.
Changed: +12.5%
$14.78B to $16.63BNotable
Why it matters: Cash handed to shareholders. A rise can be a higher dividend or simply more shares, and a cut is a decision the company explains in its own filing — neither is rated here.
Q2 FY2026 against Q2 FY2025, from the 10-Q filed Aug 6, 2026 — read it.
Improved: +41.2%
$14.99B to $21.16BCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: +46.0%
$5.45 to $7.96Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: +27.7%
$44.91B to $57.35BSignificant
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: +3.5 pts
33.4% to 36.9%Significant
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Deteriorated: -26.3%
$420.33B to $309.81BSignificant
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Improved: -3.3%
2.75B to 2.66BNotable
Why it matters: The company bought back stock, so each remaining holding owns slightly more of it. Worth checking it was not funded by borrowing.
Q2 FY2026 against Q1 FY2026, from the 10-Q filed Aug 6, 2026 — read it. Quarter-to-quarter moves include seasonal swings — a retailer's holiday quarter — which the year-earlier comparison removes.
Improved: +15.1%
$49.84B to $57.35BSignificant
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: +28.3%
$16.49B to $21.16BSignificant
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: +3.8 pts
33.1% to 36.9%Significant
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Improved: +29.3%
$6.16 to $7.96Significant
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
3 other measures barely moved. Figures compare the two most recent annual filings — read the latest one. Moves are graded on fixed lines — 5%, 15% and 40% for amounts, and 1, 3 and 8 points for margins — as notable, significant or critical. Nothing here reads the management commentary, which is where a company explains its own numbers.
These coincide with the move in time. None is presented as its cause: a price can move on news that names no company, on the wider market, or on trading that no document records.
Filter by minute, hour, day or week — or compare against peers
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Measured on and published about a week later — this is a fortnightly snapshot, not a live position.
About 0.9% of this company's shares have been borrowed and sold by people expecting to buy them back cheaper. That is a bet the price falls. Those people can be wrong, and when a heavily shorted share rises they have to buy it back, which pushes it up further.
Collected by FINRA from broker-dealers twice a month. It counts positions, not intentions, and some of it is hedging rather than a directional bet against the company.
Nothing in this section is a figure this company reported about itself. These are expectations and positions — what the price implies, what analysts have published, what short sellers are betting, and what large funds held at the last count. WylthIQ reports them; it does not endorse them, does not forecast prices, and takes no view on whether any of them will turn out to be right.
The trailing P/E is 13.5x — investors pay $13.5 for each $1 of trailing profit.
Not meaningful for banks, insurers and other financial companies. Their balance sheets have no working capital and are leveraged by design, which this model misreads as distress.
Reported annual figures
| 2.8% |
| 31.3% |
| 15.91x |
| 11.21x |
| BACBANK OF AMERICA CORP /DE/ | 7.3/10 | 5/7 | 6.8% | 27.0% | 12.08x | 10.25x |
|---|
| WFCWELLS FARGO & COMPANY/MN | 6.0/10 | 4/7 | 1.7% | 25.5% | 12.03x | 10.85x |
|---|
| CCITIGROUP INC | 6.0/10 | 4/7 | 5.6% | 16.8% | 16.14x | 11.51x |
|---|
| USBUS BANCORP \DE\ | 7.3/10 | 6/6 | 4.4% | 26.4% | 12.69x | 9.61x |
|---|
| PNCPNC FINANCIAL SERVICES GROUP, INC. | 7.3/10 | 6/7 | 7.2% | 30.3% | 12.76x | 8.47x |
|---|
| FITBFIFTH THIRD BANCORP | 8.0/10 | 6/6 | — | — | 13.96x | 8.87x |
|---|
| KEYKEYCORP /NEW/ | 7.3/10 | 6/7 | 6.5% | 104.6% | 12.82x | 8.05x |
|---|
| Median of peers | 7.3/10 | — | 6.0% | 26.7% | 12.76x | 9.61x |
|---|
Peers come from the company's industry classification. A difference describes the companies; it does not rank them.
Holds 30,211 shares after this filing.
Was granted or awarded shares — 121 shares at $330.83 ($40.0K)
Holds 13,762 shares after this filing.
Was granted or awarded shares — 121 shares at $330.83 ($40.0K)
Holds 15,219 shares after this filing.
Sold on the open market — 2,500 shares at $352.81 ($882.0K)
Holds 71,047 shares after this filing.
Sold on the open market — 2,500 shares at $361.41 ($903.5K)
Holds 73,547 shares after this filing.
Gifted shares — 166 shares
Holds 40,795 shares after this filing.
Notice filed ahead of a planned sale — the sale itself has not necessarily happened yet.
Filed notice to sell 2,500 shares ($882.0K) on or after .
Shares originally obtained via Acquired as a result of awards granted by Issuer.
Filed notice to sell 2,500 shares ($903.5K) on or after .
Shares originally obtained via Acquired as a result of awards granted by Issuer.
Filed notice to sell 15,631 shares ($5.4M) on or after .
Shares originally obtained via Acquired as a result of awards granted by Issuer.
Estimated from how often this has happened before, not a confirmed date.
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
Published results
Quarterly report for Q2 FY2026
Revenue +27.7% · Profit margin +3.5 pts · Profit +41.2% — against Q2 FY2025
Read the filingReported another event
Read the filingAmended its charter or changed its financial year
Read the filingMade a Regulation FD disclosure
Read the filingPublished results
Read the filingHad a director or senior officer leave or join
Read the filingMade a Regulation FD disclosure
Read the filingReported another event
Read the filingReported another event
Read the filingReported another event
Read the filingHeld a shareholder vote
Read the filingChanged the rights attached to its shares · Amended its charter or changed its financial year · Reported another event
Read the filingQuarterly report for Q1 FY2026
Revenue +10.0% · Earnings per share +16.8% · Cash -26.7% — against Q1 FY2025
Read the filingAmended its charter or changed its financial year
Read the filingReported another event
Read the filingMade a Regulation FD disclosure
Read the filingPublished results
Read the filingYahoo ·
Primary sources and further research