BANC
Banc of California, Inc.
BANC offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
JPM
JPMorgan Chase & Co.
JPM has the edge over BANC overall, supported by stronger fundamentals and stronger modeled upside.
BANC Fundamentals
| Metric | Status |
|---|---|
| Weak | |
| Weak | |
| N/A | |
| N/A |
BANC's revenue and profitability are currently weak. Free cash flow and net leverage aren't meaningful measures for financial services companies like BANC.
JPM Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
JPM's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like JPM.
BANC PE Valuation
BANC has no meaningful PE right now: it lost money over the past year.
JPM PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9.7x | $231 | -33% |
| Fair | 12x | $287 | -16% |
| Current | 14x | $343 | — |
| Forward | 14x | $343 | — |
| Expensive | 15x | $361 | +5.2% |
Historical ranges are pointers, not guarantees.
JPM's PE is in its expensive range at 14.4x. If earnings grow as analysts expect, today's price would be 13.7x next year's earnings.
BANC Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for BANC, with profitability improving.
JPM Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for JPM, with profitability improving.
BANC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.97 | — |
| Q3 2026 | -$0.35 | -133% |
BANC has swung to a loss: it lost $0.35 per share over the past year, after a profit the year before.
JPM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $24.99 | +4.8% |
| Q3 2026 | $23.85 | +18% |
| Q2 2026 | $23.35 | +20% |
| Q1 2026 | $20.89 | +2.5% |
| Q4 2025 | $20.02 | +1.4% |
| Q3 2025 | $20.20 | +12% |
| Q2 2025 | $19.50 | +8.7% |
| Q1 2025 | $20.38 | +23% |
| Q4 2024 | $19.75 | +22% |
JPM has the edge over BANC in the latest year-over-year earnings comparison.
BANC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $303.8M | +5.6% |
| Q2 2026 | $16.4M | -94% |
| Q1 2026 | $286.9M | +7.9% |
| Q4 2025 | $292.9M | +11% |
| Q3 2025 | $287.7M | +33% |
| Q2 2025 | $272.8M | +5.2% |
| Q1 2025 | $266M | +1.2% |
| Q4 2024 | $264.3M | +1086% |
BANC's revenue is down over the past year, though its latest quarter was up: $304M last quarter, up 5.6% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 36% | +3.5 points |
| Q2 2026 | -2044% | -2061 points |
| Q1 2026 | 33% | +5.9 points |
| Q4 2025 | 34% | +7.5 points |
| Q3 2025 | 32% | +27 points |
| Q2 2025 | 18% | +0.3 points |
| Q1 2025 | 27% | +11 points |
| Q4 2024 | 27% | +10451 points |
BANC's operating margin was 36% last quarter, up 3.5 points from the same quarter a year ago, near the top of its range since 2019.
JPM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $50.2B | +8.1% |
| Q2 2026 | $57.3B | +28% |
| Q1 2026 | $49.8B | +10% |
| Q4 2025 | $45.8B | +7.1% |
| Q3 2025 | $46.4B | +8.8% |
| Q2 2025 | $44.9B | -11% |
| Q1 2025 | $45.3B | +8.1% |
| Q4 2024 | $42.8B | +11% |
JPM has the edge over BANC on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 40% | -0.2 points |
| Q2 2026 | 48% | +7.3 points |
| Q1 2026 | 41% | +0.5 points |
| Q4 2025 | 37% | -3.2 points |
| Q3 2025 | 40% | +0.6 points |
| Q2 2025 | 41% | -6 points |
| Q1 2025 | 41% | -0.6 points |
| Q4 2024 | 41% | +11 points |
JPM has the edge over BANC on profitability, with a higher operating margin.
BANC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $61.5M | -19% |
| Q2 2026 | $158.8M | +158% |
| Q1 2026 | $45.6M | +235% |
| Q4 2025 | $84.2M | +11% |
| Q3 2025 | $75.5M | +69% |
| Q2 2025 | $61.4M | +79% |
| Q1 2025 | $13.6M | +$103.9M |
| Q4 2024 | $75.7M | +120% |
BANC has the edge over JPM on cash generation, producing positive trailing cash flow while its opponent burns cash.
JPM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $33.2B | +$78.4B |
| Q2 2026 | -$25.3B | -186% |
| Q1 2026 | -$211.8B | +$40.1B |
| Q4 2025 | $119.7B | -19% |
| Q3 2025 | -$45.2B | +$28.9B |
| Q2 2025 | $29.5B | -23% |
| Q1 2025 | -$251.8B | -$97.7B |
| Q4 2024 | $147.8B | +145% |
JPM's free cash flow was −$84.2B over the past year, against −$120B the year before. Free cash flow isn't a meaningful measure for financial services companies like JPM.
BANC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +2.9% | +4.5M shares |
| 1 year | +0.8% | +1.3M shares |
BANC has 160M diluted shares, up 0.8% from a year ago, despite $220M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $109,000 |
| Q1 2026 | $32.3M |
| Q4 2025 | $187.7M |
| Q3 2025 | $35.9M |
| Q2 2025 | $112.9M |
| Q1 2025 | $38.9M |
BANC spent $220M buying back its own shares over the past year.
JPM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.4% | -11.2M shares |
| 1 year | -3.1% | -84.6M shares |
| 3 years | -8.5% | -249M shares |
| 5 years | -11% | -322M shares |
| Available history | -17% | -547M shares |
JPM has the edge over BANC on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $1.1B |
| Q2 2026 | $6.8B |
| Q1 2026 | $8.3B |
| Q4 2025 | $8.3B |
| Q3 2025 | $8.3B |
| Q2 2025 | $7.5B |
| Q1 2025 | $7.5B |
| Q4 2024 | $4.3B |
JPM spent $24.5B buying back its own shares over the past year, down 11% from the year before.
BANC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 133.9x | High |
| Q2 2026 | 2,403.3x | High |
| Q1 2026 | 0.9x | Very low |
| Q4 2025 | -0.7x | Net Cash |
| Q3 2025 | -1.2x | Net Cash |
| Q2 2025 | -1.7x | Net Cash |
| Q1 2025 | -2.7x | Net Cash |
| Q4 2024 | -5.0x | Net Cash |
BANC's net debt is more than 20 years of its operating earnings (EBITDA), after holding more cash than debt a year ago. Net leverage isn't a meaningful measure for financial services companies like BANC.
JPM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.5x | Very low |
| Q2 2026 | 0.5x | Very low |
| Q1 2026 | 0.6x | Very low |
| Q4 2025 | 0.5x | Very low |
| Q3 2025 | 0.6x | Very low |
| Q2 2025 | 0.5x | Very low |
| Q1 2025 | 0.5x | Very low |
| Q4 2024 | 0.4x | Very low |
JPM has the edge over BANC on leverage, with a lower net debt burden relative to earnings.
BANC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.8 | Neutral |
| Stochastic | 33.9 | Neutral |
BANC's weekly RSI is 44 (neutral) and its Stochastic is 34 (neutral).
JPM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 54.8 | Neutral |
| Stochastic | 31.5 | Neutral |
JPM's weekly RSI is 55 (neutral) and its Stochastic is 31 (neutral).
BANC PE vs Financial Services Sector
| Metric | BANC | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 13x | — |
BANC has no meaningful PE right now: it lost money over the past year.
JPM PE vs Financial Services Sector
| Metric | JPM | Sector median | Relative |
|---|---|---|---|
| PE | 14x | 13x | 10% above |
| PE % | 76 | 63 | 13 pts above |
JPM is trading at 14x earnings, a 10% premium to the Financial Services sector's median of 13x.
BANC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $17.8 | 0.2% above |
| 20 week MA | $18.8 | 5.3% below |
| 50 week MA | $19.0 | 6.3% below |
| 100 week MA | $17.1 | 4% above |
| 200 week MA | $15.4 | 16% above |
BANC's trend is mixed: it's above three of its five weekly moving averages, and 16% above its 200-week average.
JPM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $336.8 | 1.8% above |
| 20 week MA | $345.3 | 0.7% below |
| 50 week MA | $323.2 | 6.1% above |
| 100 week MA | $298.9 | 15% above |
| 200 week MA | $236.6 | 45% above |
JPM has the edge over BANC on trend strength, trading above more of its moving averages.
BANC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $17.0 | $15.0 | -12% |
| 2021 | $15.0 | $19.5 | +31% |
| 2022 | $19.5 | $15.5 | -21% |
| 2023 | $15.5 | $13.4 | -13% |
| 2024 | $13.4 | $15.5 | +15% |
| 2025 | $15.5 | $19.7 | +27% |
| 2026 YTD | $19.7 | $17.8 | -9.6% |
BANC has finished lower in three of the last six years. It's down 9.6% so far in 2026.
JPM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $139.1 | $124.5 | -11% |
| 2021 | $124.5 | $157.3 | +26% |
| 2022 | $157.3 | $131.3 | -17% |
| 2023 | $131.3 | $170.1 | +30% |
| 2024 | $170.1 | $241.2 | +42% |
| 2025 | $241.2 | $327.9 | +36% |
| 2026 YTD | $327.9 | $342.8 | +4.5% |
JPM has the edge over BANC on returns for 2026, with the stronger performance.