LSE:0Q1F

Stock Analysis Report

Executive Summary

JPMorgan Chase & Co. operates as a financial services company worldwide.


Snowflake Analysis

Flawless balance sheet established dividend payer.


Similar Companies

Share Price & News

How has JPMorgan Chase's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 0Q1F has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-14.3%

0Q1F

-8.5%

GB Banks

-8.6%

GB Market


1 Year Return

n/a

0Q1F

-14.3%

GB Banks

-1.3%

GB Market

Return vs Industry: Insufficient data to determine how 0Q1F performed against the UK Banks industry.

Return vs Market: Insufficient data to determine how 0Q1F performed against the UK Market.


Shareholder returns

0Q1FIndustryMarket
7 Day-14.3%-8.5%-8.6%
30 Day-14.1%-9.4%-8.4%
90 Day-12.0%-11.1%-5.3%
1 Yearn/a-8.5%-14.3%4.0%-1.3%
3 Year35.8%25.7%-13.2%-24.5%7.6%-6.1%
5 Year113.1%86.7%-10.1%-27.8%23.4%-4.8%

Price Volatility Vs. Market

How volatile is JPMorgan Chase's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is JPMorgan Chase undervalued compared to its fair value and its price relative to the market?

29.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 0Q1F ($123.02) is trading below our estimate of fair value ($167.43)

Significantly Below Fair Value: 0Q1F is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 0Q1F is poor value based on its PE Ratio (11.8x) compared to the Banks industry average (8.6x).

PE vs Market: 0Q1F is good value based on its PE Ratio (11.8x) compared to the UK market (16.8x).


Price to Earnings Growth Ratio

PEG Ratio: 0Q1F's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: 0Q1F is overvalued based on its PB Ratio (1.7x) compared to the GB Banks industry average (0.7x).


Next Steps

Future Growth

How is JPMorgan Chase forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

-0.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 0Q1F's earnings are forecast to decline over the next 3 years (-0.8% per year).

Earnings vs Market: 0Q1F's earnings are forecast to decline over the next 3 years (-0.8% per year).

High Growth Earnings: 0Q1F's earnings are forecast to decline over the next 3 years.

Revenue vs Market: 0Q1F's revenue (3.9% per year) is forecast to grow faster than the UK market (3.8% per year).

High Growth Revenue: 0Q1F's revenue (3.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 0Q1F's Return on Equity is forecast to be low in 3 years time (14.6%).


Next Steps

  • Explore growth companies in the Banks industry.

Past Performance

How has JPMorgan Chase performed over the past 5 years?

10.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 0Q1F has high quality earnings.

Growing Profit Margin: 0Q1F's current net profit margins (31.5%) are higher than last year (29.5%).


Past Earnings Growth Analysis

Earnings Trend: 0Q1F's earnings have grown by 10.7% per year over the past 5 years.

Accelerating Growth: 0Q1F's earnings growth over the past year (12.8%) exceeds its 5-year average (10.7% per year).

Earnings vs Industry: 0Q1F earnings growth over the past year (12.8%) underperformed the Banks industry 29.6%.


Return on Equity

High ROE: 0Q1F's Return on Equity (13.9%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is JPMorgan Chase's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: 0Q1F has a low level of unsold assets or inventory.

Debt Coverage by Assets: 0Q1F's debt is covered by short term assets (assets are 1.9x debt).


Financial Institutions Analysis

Asset Level: 0Q1F's level of assets compared to its equity is moderate.

Allowance for Bad Loans: 0Q1F has a sufficient allowance for bad loans.

Low Risk Liabilities: 0Q1F's liabilities are made up of primarily low risk sources of funding.

Loan Level: 0Q1F has an acceptable proportion of non-loan assets held.

Low Risk Deposits: 0Q1F's loans are broadly funded by customer deposits.

Level of Bad Loans: 0Q1F has an appropriate level of bad loans (0.41%)


Next Steps

Dividend

What is JPMorgan Chase's current dividend yield, its reliability and sustainability?

2.97%

Current Dividend Yield


Dividend Yield vs Market

company3.0%marketbottom25%1.9%markettop25%5.4%industryaverage7.1%forecastin3Years3.3%

Current dividend yield vs market & industry

Notable Dividend: 0Q1F's dividend (2.84%) is higher than the bottom 25% of dividend payers in the UK market (1.94%).

High Dividend: 0Q1F's dividend (2.84%) is low compared to the top 25% of dividend payers in the UK market (5.4%).


Stability and Growth of Payments

Stable Dividend: 0Q1F's dividends per share have been stable in the past 10 years.

Growing Dividend: 0Q1F's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (31.6%), 0Q1F's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 0Q1F's dividends in 3 years are forecast to be well covered by earnings (35.5% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.1yrs

Average management tenure


CEO

Jamie Dimon (63yo)

14.2yrs

Tenure

US$30,033,745

Compensation

Mr. James Dimon, also known as Jamie, has been the Chairman and Chief Executive Officer of JPMorgan Chase & Co. since December 31, 2006 and December 31, 2005 respectively and served as its President since  ...


CEO Compensation Analysis

Compensation vs Market: Jamie's total compensation ($USD30.03M) is above average for companies of similar size in the UK market ($USD4.65M).

Compensation vs Earnings: Jamie's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
James Dimon
Chairman & CEO14.2yrsUS$30.03m0.25% $936.0m
Daniel Pinto
Co-President2.1yrsUS$21.11m0.015% $54.5m
Gordon Smith
Co-President2.1yrsUS$20.80m0.015% $55.3m
Mary Erdoes
Chief Executive Officer of Asset & Wealth Management10.4yrsUS$19.90m0.014% $52.8m
Marianne Lake
Chief Executive Officer of Consumer Lending0.8yrsUS$14.16m0.0038% $14.3m
Jennifer Piepszak
Chief Financial Officer0.8yrsno data0.00021% $783.5k
John Horner
Chief Investment Officer and Treasurer4.8yrsno datano data
Nicole Giles
MD, Corporate Controller & Principal Accounting Officer3.1yrsno data0.00025% $932.7k
Lori Beer
Chief Information Officer0yrsno data0.00077% $2.9m
David Owen
Chief Administrative Officer4yrsno datano data

3.1yrs

Average Tenure

51.5yo

Average Age

Experienced Management: 0Q1F's management team is considered experienced (3.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
James Dimon
Chairman & CEO14.2yrsUS$30.03m0.25% $936.0m
David Li
Vice Chairman of Global Banking5.3yrsno datano data
Lee Raymond
Lead Independent Director0yrsUS$442.50k0.0081% $30.3m
James Crown
Independent Director15.6yrsUS$380.00k0.39% $1.5b
Laban Jackson
Independent Director15.6yrsUS$542.50k0.0011% $4.0m
Linda Bammann
Independent Director6.4yrsUS$405.00k0.0021% $7.8m
Stephen Burke
Independent Director15.6yrsUS$365.00k0.0010% $3.8m
James Bell
Independent Director8.3yrsUS$430.00kno data
Timothy Flynn
Independent Director7.8yrsUS$414.44k0.00032% $1.2m
Andrew Fleming
Chairman of Japanese Investment Trust5.2yrsno datano data

8.3yrs

Average Tenure

63yo

Average Age

Experienced Board: 0Q1F's board of directors are considered experienced (8.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: 0Q1F insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

JPMorgan Chase & Co.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: JPMorgan Chase & Co.
  • Ticker: 0Q1F
  • Exchange: LSE
  • Founded: 1799
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: US$373.089b
  • Shares outstanding: 3.07b
  • Website: https://www.jpmorganchase.com

Number of Employees


Location

  • JPMorgan Chase & Co.
  • 383 Madison Avenue
  • New York
  • New York
  • 10179
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
JPMNYSE (New York Stock Exchange)YesCommon SharesUSUSDMar 1969
0Q1FLSE (London Stock Exchange)YesCommon SharesGBUSDMar 1969
CMCDB (Deutsche Boerse AG)YesCommon SharesDEEURMar 1969
JPM *BMV (Bolsa Mexicana de Valores)YesCommon SharesMXMXNMar 1969
CMCXTRA (XETRA Trading Platform)YesCommon SharesDEEURMar 1969
JPMBVC (Bolsa de Valores de Colombia)YesCommon SharesCOCOPMar 1969
JPMSNSE (Santiago Stock Exchange)YesCommon SharesCLUSDMar 1969
JPMSWX (SIX Swiss Exchange)YesCommon SharesCHCHFMar 1969
JPMETLX (Eurotlx)YesCommon SharesITEURMar 1969
JPMWBAG (Wiener Boerse AG)YesCommon SharesATEURMar 1969
JPMBASE (Buenos Aires Stock Exchange)CEDEAR REP 5/10 USD2.5ARARSJul 2001
CMC2DB (Deutsche Boerse AG)PERP SR NT 7.9%DEUSDApr 2008
JPMC34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH REPR 0.5 COM USD1BRBRLAug 2012
CMC6DB (Deutsche Boerse AG)PERP SR -R NT 6%DEUSDJul 2013
CMC5DB (Deutsche Boerse AG)PERP SUB GLBL -SDEUSDJan 2014
CMCEDB (Deutsche Boerse AG)PERP SUB GLBL -XDEUSDSep 2014
JPM.PRFCLNYSE (New York Stock Exchange)DEP SHS 1/400USUSDFeb 2015
JPM.PRGNYSE (New York Stock Exchange)DEP SHS PFDUSUSDJun 2015
JPM.PRHNYSE (New York Stock Exchange)DEP SHS REP PFDUSUSDJul 2015
JPM.PRDNYSE (New York Stock Exchange)5.75% SHS PFD DDUSUSDSep 2018
JPM.PRCNYSE (New York Stock Exchange)6 DEP NCM PFD EEUSUSDJan 2019
JPM.PRJNYSE (New York Stock Exchange)4.75 DPRP PFD GGUSUSDNov 2019

Biography

JPMorgan Chase & Co. operates as a financial services company worldwide. It operates in four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services. The CIB segment provides investment banking products and services, including corporate strategy and structure advisory, and equity and debt markets capital-raising services, as well as loan origination and syndication; cash management and liquidity solutions; and cash securities and derivative instruments, risk management solutions, prime brokerage, and research. This segment also offers securities services, including custody, fund accounting and administration, and securities lending products for asset managers, insurance companies, and public and private investment funds. The CB segment provides financial solutions, including lending, treasury, investment banking, and asset management to corporations, municipalities, financial institutions, and nonprofit entities, as well as financing to real estate investors and owners. The AWM segment offers investment and wealth management services across equities, fixed income, alternatives, and money market fund asset classes; multi-asset investment management services; retirement products and services; and brokerage and banking services. The company also provides ATM, digital covering online and mobile, and telephone banking services. JPMorgan Chase & Co. has a strategic partnership with StatPro Group plc to develop a multi-asset portfolio analytics solution for asset managers. The company was founded in 1799 and is headquartered in New York, New York. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/28 20:41
End of Day Share Price2020/02/28 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.