JPMorgan Chase reported decent third-quarter results, with net revenue up 8.0% and diluted earnings per share up 9.9% from a year ago. The shares were flat in Oct. 13 trading as investors weighed softer capital markets activity against an improved net interest income outlook.
JPMorgan Chase could white-label its infrastructure to small and midsize banks, such as a licensing fee to run digital payments on its Kinexys rail, generating further revenue diversification with margins resembling those for software as a service.
CEO Jamie Dimon’s eventual succession remains one of the largest keyman risks in the financial sector. Any sign of a leadership vacuum or a shift away from his fortress philosophy could lead to a significant valuation derating.
|
Metric
|
JPM
|
WFC
|
C
|
|---|---|---|---|
Price/Earnings (Normalized) | 14.92 | 11.88 | 12.07 |
Price/Book Value | 2.51 | 1.53 | 1.09 |
Price/Sales | 4.42 | 2.87 | 2.36 |
Price/Cash Flow | 10.19 | 8.25 | 7.16 |
|
Metric
|
JPM
|
WFC
|
C
|
|---|---|---|---|
Quick Ratio | — | — | — |
Current Ratio | — | — | — |
Interest Coverage | — | — | — |
|
Metric
|
JPM
|
WFC
|
C
|
|---|---|---|---|
Return on Assets (Normalized) | 1.31% | 1.09% | 0.74% |
Return on Equity (Normalized) | 17.86% | 14.11% | 10.36% |
Return on Invested Capital (Normalized) | — | — | — |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
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HSBC
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RY
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MUFG
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WFC
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C
| LOCK|#^qp$&% | LOCK|^>p | $209B | |||
| Banco Santander SA ADR
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| The Toronto-Dominion Bank
TD
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| UBS Group AG Registered Shares
UBS
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United States