C
Citigroup Inc.
C has the edge over JPM overall, supported by stronger fundamentals and stronger modeled upside.
JPM
JPMorgan Chase & Co.
JPM has slightly lower modeled downside risk, despite its lower overall score.
C Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
C's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like C.
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.
C PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6.3x | $64.83 | -48% |
| Fair | 9.8x | $101 | -19% |
| Forward | 10x | $124 | — |
| Current | 12x | $124 | — |
| Expensive | 16x | $164 | +32% |
Historical ranges are pointers, not guarantees.
C's PE is in its fair range at 12x. If earnings grow as analysts expect, today's price would be 10x next year's earnings.
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 has the edge over C in the historical PE scenario, which offers more potential upside but is not a forecast.
C Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
C has the edge over JPM on the outlook, with more favorable valuation expectations.
JPM Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for JPM, with profitability improving.
C Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $12.18 | +19% |
| Q3 2026 | $10.27 | +44% |
| Q2 2026 | $9.28 | +37% |
| Q1 2026 | $8.09 | +28% |
| Q4 2025 | $6.99 | +18% |
| Q3 2025 | $7.11 | +103% |
| Q2 2025 | $6.76 | +87% |
| Q1 2025 | $6.32 | +84% |
| Q4 2024 | $5.94 | +47% |
C has the edge over JPM on earnings, with stronger typical year-over-year growth.
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's earnings per share have climbed steadily: $23.85 over the past year, up 18% from the year before, and higher year over year for 15 quarters in a row.
C Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $23.8B | +7.9% |
| Q2 2026 | $24.8B | +14% |
| Q1 2026 | $24.6B | +14% |
| Q4 2025 | $19.9B | +1.5% |
| Q3 2025 | $22.1B | +8.7% |
| Q2 2025 | $21.7B | +7.6% |
| Q1 2025 | $21.6B | +2.3% |
| Q4 2024 | $19.6B | +12% |
C's revenue has grown year over year for 10 quarters in a row: $23.8B last quarter, up 7.9% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 31% | +6.4 points |
| Q2 2026 | 32% | +8.3 points |
| Q1 2026 | 31% | +5.3 points |
| Q4 2025 | 19% | -0.2 points |
| Q3 2025 | 24% | +2.6 points |
| Q2 2025 | 24% | +2.7 points |
| Q1 2025 | 25% | +3.7 points |
| Q4 2024 | 19% | +32 points |
C's operating margin was 31% last quarter, up 6.4 points from the same quarter a year ago.
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's revenue has grown year over year for five quarters in a row: $50.2B last quarter, up 8.1% from the same quarter a year ago.
| 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 C on profitability, with a higher operating margin.
C Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $22.3B | +$22.8B |
| Q2 2026 | -$25.6B | +$12.7B |
| Q1 2026 | -$23.3B | +$36.9B |
| Q4 2025 | $24.9B | +7.9% |
| Q3 2025 | -$517M | +$17.7B |
| Q2 2025 | -$38.3B | -$19.7B |
| Q1 2025 | -$60.2B | -$47.8B |
| Q4 2024 | $23.1B | +$29.5B |
C has the edge over JPM on cash flow, with more consistent year-over-year improvement.
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.
C Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.7% | -29M shares |
| 1 year | -8.4% | -156M shares |
| 3 years | -13% | -245M shares |
| 5 years | -16% | -320M shares |
| Available history | -25% | -559M shares |
C has the edge over JPM on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $3B |
| Q2 2026 | $4B |
| Q1 2026 | $6.3B |
| Q4 2025 | $4.5B |
| Q3 2025 | $5B |
| Q2 2025 | $2B |
| Q1 2025 | $1.8B |
| Q4 2024 | $968M |
C spent $17.8B buying back its own shares over the past year, up 83% from the year before.
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 2.7B diluted shares, down 3.1% from a year ago, with $24.5B in buybacks over the past year.
| 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.
C Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 13.0x | High |
| Q2 2026 | 13.0x | High |
| Q1 2026 | 13.5x | High |
| Q4 2025 | 15.0x | High |
| Q3 2025 | 15.2x | High |
| Q2 2025 | 16.0x | High |
| Q1 2025 | 15.5x | High |
| Q4 2024 | 16.0x | High |
C's net debt is about 13 years of its operating earnings (EBITDA), down from 15 years a year ago. Net leverage isn't a meaningful measure for financial services companies like C.
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 C on leverage, with a lower net debt burden relative to earnings.
C Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 46.5 | Neutral |
| Stochastic | 16.5 | Oversold |
C's weekly RSI is 47 (neutral) and its Stochastic is 16 (oversold).
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).
C PE vs Financial Services Sector
| Metric | C | Sector median | Relative |
|---|---|---|---|
| PE | 12x | 13x | 7.2% below |
| PE % | 60 | 63 | 3 pts below |
C has the edge over JPM on valuation relative to its sector.
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.
C Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $125.4 | 1.1% below |
| 20 week MA | $131.3 | 5.5% below |
| 50 week MA | $124.8 | 0.6% below |
| 100 week MA | $104.4 | 19% above |
| 200 week MA | $79.0 | 57% above |
C has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 57% 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 C on trend strength, trading above more of its moving averages.
C Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $79.7 | $60.6 | -24% |
| 2021 | $60.6 | $60.2 | -0.6% |
| 2022 | $60.2 | $44.3 | -26% |
| 2023 | $44.3 | $51.4 | +16% |
| 2024 | $51.4 | $71.0 | +38% |
| 2025 | $71.0 | $120.4 | +70% |
| 2026 YTD | $120.4 | $124.1 | +3% |
C has finished lower in three of the last six years. It's up 3% 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 C on returns for 2026, with the stronger performance.