NYSE:JPM

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Flawless balance sheet average 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


Market Performance


7 Day Return

4.5%

JPM

3.4%

US Banks

0.4%

US Market


1 Year Return

21.1%

JPM

11.9%

US Banks

11.4%

US Market

Return vs Industry: JPM exceeded the US Banks industry which returned 11.9% over the past year.

Return vs Market: JPM exceeded the US Market which returned 11.4% over the past year.


Shareholder returns

JPMIndustryMarket
7 Day4.5%3.4%0.4%
30 Day5.2%3.8%0.3%
90 Day8.1%3.3%-1.2%
1 Year24.9%21.1%15.2%11.9%13.9%11.4%
3 Year95.3%81.0%54.5%43.8%47.2%37.6%
5 Year140.8%111.0%69.9%51.4%62.4%44.6%

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

Valuation

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

12.33x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: JPM ($125.12) is trading above our estimate of fair value ($117.43)

Significantly Below Fair Value: JPM is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: JPM is good value based on its PE Ratio (12.3x) compared to the Banks industry average (12.6x).

PE vs Market: JPM is good value based on its PE Ratio (12.3x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: JPM is overvalued based on its PB Ratio (1.7x) compared to the US Banks industry average (1.2x).


Next Steps

  • Explore potentially undervalued companies in the Banks industry.

Future Growth

How is JPMorgan Chase forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

-3.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: JPM's earnings are forecast to decline over the next 3 years (-3.1% per year).

Earnings vs Market: JPM's earnings are forecast to decline over the next 3 years (-3.1% per year).

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

Revenue vs Market: JPM's revenue (1.1% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: JPM's revenue (1.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: JPM's Return on Equity is forecast to be low in 3 years time (13.7%).


Next Steps

Past Performance

How has JPMorgan Chase performed over the past 5 years?

9.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: JPM's earnings have grown by 9.9% per year over the past 5 years.

Accelerating Growth: JPM's earnings growth over the past year (19.2%) exceeds its 5-year average (9.9% per year).

Earnings vs Industry: JPM earnings growth over the past year (19.2%) underperformed the Banks industry 29.2%.


Return on Equity

High ROE: JPM's Return on Equity (13.2%) is considered low.


Return on Assets

ROA vs Industry: JPM has a higher Return on Assets than the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate JPM's Return on Capital Employed to determine if it has improved over the past 3 years.


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: JPM has a low level of unsold assets or inventory.

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


Financial Institutions Analysis

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

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

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

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

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

Level of Bad Loans: JPM has an appropriate level of bad loans (0.53%)


Next Steps

Dividend

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

2.88%

Current Dividend Yield


Dividend Yield vs Market

company2.9%marketbottom25%1.4%markettop25%3.7%industryaverage2.9%forecastin3Years2.9%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: JPM's dividend (2.88%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: JPM's dividend (2.88%) is low compared to the top 25% of dividend payers in the US market (3.68%).

Stable Dividend: JPM's dividend payments have been volatile in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (32.5%), JPM's dividend payments are well covered by earnings.


Future Payout to Shareholders

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


Next Steps

Management

What is the CEO of JPMorgan Chase's salary, the management and board of directors tenure and is there insider trading?

2.3yrs

Average management tenure


CEO

Jamie Dimon (63yo)

13.8yrs

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 ($USD30.03M) is about average for companies of similar size in the US market ($USD11.17M).

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


Management Age and Tenure

2.3yrs

Average Tenure

51.5yo

Average Age

Experienced Management: JPM's management team is considered experienced (2.3 years average tenure).


Board Age and Tenure

7.9yrs

Average Tenure

63yo

Average Age

Experienced Board: JPM's board of directors are considered experienced (7.9 years average tenure).


Insider Trading

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


Recent Insider Transactions

BuyUS$2,000,36208 Aug 19
Mellody Hobson
EntityIndividual
Shares18,200
Max PriceUS$109.91
BuyUS$194,24218 Apr 19
Mellody Hobson
EntityIndividual
Shares1,700
Max PriceUS$114.26
BuyUS$1,998,44317 Apr 19
Mellody Hobson
EntityIndividual
Shares18,000
Max PriceUS$111.02
BuyUS$518,95006 Feb 19
James Crown
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares5,000
Max PriceUS$103.79

Ownership Breakdown


Management Team

  • Jamie Dimon (63yo)

    Chairman & CEO

    • Tenure: 13.8yrs
    • Compensation: US$30.03m
  • Gordon Smith (61yo)

    Co-President

    • Tenure: 1.8yrs
    • Compensation: US$20.80m
  • Mary Erdoes (52yo)

    Chief Executive Officer of Asset & Wealth Management

    • Tenure: 10.1yrs
    • Compensation: US$19.90m
  • Lori Beer (51yo)

    Chief Information Officer

    • Tenure: 0yrs
  • Marianne Lake (49yo)

    Chief Executive Officer of Consumer Lending

    • Tenure: 0.4yrs
    • Compensation: US$14.16m
  • Daniel Pinto (56yo)

    Co-President

    • Tenure: 1.8yrs
    • Compensation: US$21.11m
  • Jennifer Piepszak (48yo)

    Chief Financial Officer

    • Tenure: 0.4yrs
  • John Horner

    Chief Investment Officer and Treasurer

    • Tenure: 4.5yrs
  • Nicole Giles (47yo)

    MD, Corporate Controller & Principal Accounting Officer

    • Tenure: 2.8yrs
  • Eric Stein

    Head of Investment Banking

    • Tenure: 0yrs

Board Members

  • Jamie Dimon (63yo)

    Chairman & CEO

    • Tenure: 13.8yrs
    • Compensation: US$30.03m
  • Lee Raymond (80yo)

    Lead Independent Director

    • Tenure: 0yrs
    • Compensation: US$442.50k
  • Jim Crown (65yo)

    Independent Director

    • Tenure: 15.3yrs
    • Compensation: US$380.00k
  • Laban Jackson (76yo)

    Independent Director

    • Tenure: 15.3yrs
    • Compensation: US$542.50k
  • Linda Bammann (63yo)

    Independent Director

    • Tenure: 6.1yrs
    • Compensation: US$405.00k
  • Steve Burke (60yo)

    Independent Director

    • Tenure: 15.3yrs
    • Compensation: US$365.00k
  • James Bell (70yo)

    Independent Director

    • Tenure: 7.9yrs
    • Compensation: US$430.00k
  • Tim Flynn (62yo)

    Independent Director

    • Tenure: 7.4yrs
    • Compensation: US$414.44k
  • Andrew Fleming (60yo)

    Chairman of Japanese Investment Trust

    • Tenure: 4.8yrs
  • David Li

    Vice Chairman of Global Banking

    • Tenure: 5yrs

Company Information

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


Key Information

  • Name: JPMorgan Chase & Co.
  • Ticker: JPM
  • Exchange: NYSE
  • Founded: 1799
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: US$400.010b
  • Shares outstanding: 3.20b
  • 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
JPMSWX (SIX Swiss Exchange)YesCommon SharesCHCHFMar 1969
JPMNYSE (New York Stock Exchange)YesCommon SharesUSUSDMar 1969
CMCDB (Deutsche Boerse AG)YesCommon SharesDEEURMar 1969
JPM *BMV (Bolsa Mexicana de Valores)YesCommon SharesMXMXNMar 1969
JPMWBAG (Wiener Boerse AG)YesCommon SharesATEURMar 1969
CMCXTRA (XETRA Trading Platform)YesCommon SharesDEEURMar 1969
JPMBVC (Bolsa de Valores de Colombia)YesCommon SharesCOCOPMar 1969
0Q1FLSE (London Stock Exchange)YesCommon SharesGBUSDMar 1969
JPMSNSE (Santiago Stock Exchange)YesCommon SharesCLUSDMar 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
JPM.PRANYSE (New York Stock Exchange)DEP 1/400 PFD PUSUSDJan 2013
CMC6DB (Deutsche Boerse AG)PERP SR -R NT 6%DEUSDJul 2013
CMC5DB (Deutsche Boerse AG)6.75%-FRN SUB PERP USD 'S'DEUSDJan 2014
CMCEDB (Deutsche Boerse AG)6.1%-FRN SUB PERP USDDEUSDSep 2014
JPM.PRFNYSE (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

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 As ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/23 23:39
End of Day Share Price2019/10/23 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.