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JPMorgan Chase & Co JPM

Morningstar Rating
$192.66 +2.36 (1.24%)
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Company Report

Maintaining $154 Fair Value Estimate for JPMorgan Chase

JPMorgan Chase is arguably the most dominant bank in the United States. With leading investment bank, commercial bank, credit card, retail bank, and asset and wealth management franchises, JPMorgan is truly a force to be reckoned with. The bank's combination of scale, diversification, and sound risk management seems like a simple path to competitive advantage, but few other firms have been able to execute a similar strategy. Even the best-managed banks are not immune to the occasional stumble, but JPMorgan has managed to seemingly put all the pieces together in a more cohesive and less error prone way than peers. With the importance of scale and technology only increasing for the banks, we think it will be hard for competitors to catch up.

Price vs Fair Value

JPM is trading at a 25% premium.
Price
$192.66
Fair Value
$187.00
Uncertainty
Medium
1-Star Price
$313.10
5-Star Price
$462.60
Economic Moat
Nbvp
Capital Allocation
Qhkwnbjcj

Bulls Say, Bears Say

Bulls

JPMorgan has emerged as the most dominant bank in the United States. With leading share in many aspects of banking and financial services, the bank should be in an advantaged position for years to come.

Bears

While higher interest rates are great, they are a double edged sword. If the higher NII and solid economy narrative ever begins to reverse, banking profitability and sentiment will suffer.

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News

Trading Information

Previous Close Price
$190.30
Day Range
$189.89192.70
52-Week Range
$123.11192.70
Bid/Ask
$192.28 / $192.76
Market Cap
$554.93 Bil
Volume/Avg
1,272 / 8.8 Mil

Key Statistics

Price/Earnings (Normalized)
11.60
Price/Sales
3.66
Dividend Yield (Trailing)
2.13%
Dividend Yield (Forward)
2.18%
Total Yield
3.90%

Company Profile

JPMorgan Chase is one of the largest and most complex financial institutions in the United States, with nearly $4 trillion in assets. It is organized into four major segments--consumer and community banking, corporate and investment banking, commercial banking, and asset and wealth management. JPMorgan operates, and is subject to regulation, in multiple countries.
Sector
Financial Services
Industry
Banks - Diversified
Stock Style Box
Large Value
Total Number of Employees
309,926

Competitors

Valuation

Metric
JPM
C
WFC
Price/Earnings (Normalized)
11.6011.4611.20
Price/Book Value
1.840.591.25
Price/Sales
3.661.462.60
Price/Cash Flow
8.204.426.13
Price/Earnings
JPM
C
WFC

Financial Strength

Metric
JPM
C
WFC
Quick Ratio
Current Ratio
Interest Coverage
Quick Ratio
No chart available

Profitability

Metric
JPM
C
WFC
Return on Assets (Normalized)
1.29%0.41%1.04%
Return on Equity (Normalized)
17.36%5.31%12.17%
Return on Invested Capital (Normalized)
Return on Assets
JPM
C
WFC
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Banks - Diversified Industry Comparables

Ticker
Name
Morningstar Rating for Stocks
Economic Moat
Market Cap
BAC
Bank of America CorpNsql$284.1 Bil
WFC
Wells Fargo & CoCdrn$204.5 Bil
HSBC
HSBC Holdings PLC ADRFjrq$145.7 Bil
RY
Royal Bank of CanadaMdr$140.2 Bil
MUFG
Mitsubishi UFJ Financial Group Inc ADRWdnvp$121.5 Bil
C
Citigroup IncRpbd$112.1 Bil
TD
The Toronto-Dominion BankXkhr$104.7 Bil
UBS
UBS Group AGTdhzsm$101.9 Bil
SAN
Banco Santander SA ADRSnknr$70.8 Bil

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