Reading the tape
NYSE: JPM
JPMorgan Chase & Co.
Financial Services · Banks - Diversified
Market Cap
$842.74B
52w High
$337.25
52w Low
$248.83
P/E
14.79
Volume
5.29M
Outstanding Shares
2.70B
Price vs Fundamentals
Why The Stock Is Moving
Fundamentals are supporting the moveModerate confidence
1Y Price: 26.57%Revenue (TTM): 4.27%FCF (TTM): 200.9%P/FCF: 33rd pct
What changed
The stock rose 26.57% over the last year. Revenue grew 4.27% over the trailing twelve months. Operating margin moved from 27.87% to 26.19%. Free cash flow grew 200.9% over the trailing twelve months.
What the market seems to be pricing
The stock move broadly lines up with stronger business momentum, and the shares are still only around the 33rd percentile of their historical P/FCF range.
What would invalidate this read
Operating margin is at 26.19%. Revenue grew 4.27% — this thesis depends on that trajectory holding. If revenue growth, margins, or free cash flow roll over while the stock keeps climbing, more of the move would be coming from multiple expansion than business progress.
Company profile
JPMorgan Chase & Co. operates as a financial services company worldwide.
CEOJames Dimon
SectorFinancial Services
IndustryBanks - Diversified
Employees318,477
IPO dateMar 17, 1980
Valuation
Forward P/E—
EV/EBITDA18.39
Enterprise value$1.5T
Price / Book2.33
Stock splits
Jun 12, 2000↑ Forward
Every 2 shares became 3
Jun 15, 1998↑ Forward
Every 1 shares became 2
Apr 16, 1984↑ Forward
Every 2 shares became 3
Apr 16, 1982↑ Forward
Every 2 shares became 3
Profitability & growth
Standard profitability metrics can be misleading for financial/insurance companies. GAAP requires unrealized investment gains/losses in net income (affecting ROE), and margins are blended across diverse business segments.
Income growth12.67%
Gross marginN/A
Operating margin43.31%▼8.40%vs FY2024
ROE15.74%▼7.19%vs FY2024
Analyst consensus
RatingBuy
Target price$338.78▲8.42%
33
Buy
26
Hold
2
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Jul 14, 2026
Q3 FY26 · EPS est $5.40 · Revenue est $48.71B
View
Dividends
$5.90/shareQuarterlyDividend Achiever · 15yrJPM pays a dividend with a 1.89% dividend yield, 15 consecutive years of growth.
Dividend Yield
1.89%
Annual Div / Share
$5.90
5yr CAGR
+9.04%
Payout Ratio
29.16%
Bank — specialized metrics apply
Dividend Growth Rate
3yr CAGR
+11.53%
5yr CAGR
+9.04%
10yr CAGR
+12.69%
Dividend History
Annual dividends paid per share
YearAnnual DivYoY
2025$5.55+20.7%
2024$4.60+13.6%
2023$4.05+1.2%
2022$4.00+8.1%
2021$3.70+2.8%
2020$3.60+9.1%
2019$3.30+33.1%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$19/yr
$2/mo
In 5 yrs
$19/yr
$2/mo
In 10 yrs
$19/yr
$2/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$19/yr $2/mo | $19/yr $2/mo | $19/yr $2/mo |
5yr and 10yr income use the current dividend with no growth assumption because bank payout growth depends on earnings cycles, regulation, and capital policy.
Analysis
Dividend Strengths
Dividend Achiever
JPM has raised its dividend for 15 consecutive years — qualifying as a Dividend Achiever, demonstrating long-term commitment to shareholder income.
Risks to Watch
No strong risk signal stands out from the latest period pair.
Congressional Activity
Congress Trades in JPM
STOCK Act disclosures from senators and representatives.
Lizzie Fletcher
houseSale2026-04-08$1,001 - $15,000+23d to disclose
Katie Britt
ALsenateRepublicanSale (Full)Spouse2026-01-28$1,001 - $15,000+0d to discloseKatie Britt
ALsenateRepublicanSaleSpouse2026-01-28$1,001 - $15,000+1d to disclose
Markwayne Mullin
OKsenatePurchaseJoint2025-12-29$50,001 - $100,000+17d to discloseKatie Britt
ALsenateRepublicanPurchaseSpouse2025-04-14$1,001 - $15,000+286d to disclose