CFR
Cullen/Frost Bankers, Inc.
CFR has a slight edge over JPM overall, supported by stronger valuation.
JPM
JPMorgan Chase & Co.
JPM has slightly lower modeled downside risk, despite its lower overall score.
CFR Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| N/A | |
| N/A |
CFR's profitability is currently strong, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like CFR.
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.
CFR PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 12x | $126 | -20% |
| Forward | 13x | $158 | — |
| Fair | 14x | $152 | -4% |
| Current | 15x | $158 | — |
| Expensive | 19x | $207 | +31% |
Historical ranges are pointers, not guarantees.
CFR's PE is 15x, but its earnings don't support one, so it isn't a reliable read right now.
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 CFR in the historical PE scenario, which offers more potential upside but is not a forecast.
CFR Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
CFR 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.
CFR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $11.91 | +11% |
| Q3 2026 | $10.75 | +11% |
| Q2 2026 | $10.58 | +14% |
| Q1 2026 | $10.27 | +13% |
| Q4 2025 | $9.92 | +12% |
| Q3 2025 | $9.72 | +21% |
| Q2 2025 | $9.29 | +13% |
| Q1 2025 | $9.11 | +7.7% |
| Q4 2024 | $8.87 | -2.5% |
CFR earned $10.75 per share over the past year, up 11% from the year before. Its recent earnings include one-off gains.
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 CFR on earnings, with more consistent year-over-year improvement.
CFR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $603.8M | +6.4% |
| Q2 2026 | $576M | +5.3% |
| Q1 2026 | $574.8M | +6.4% |
| Q4 2025 | $580.9M | +8.3% |
| Q3 2025 | $567.3M | +9.5% |
| Q2 2025 | $546.9M | +7.7% |
| Q1 2025 | $540.2M | +7.7% |
| Q4 2024 | $536.3M | +6.9% |
CFR's revenue has grown year over year for 10 quarters in a row: $604M last quarter, up 6.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 36% | -1.1 points |
| Q2 2026 | 36% | +1.4 points |
| Q1 2026 | 35% | +2.1 points |
| Q4 2025 | 34% | -0.2 points |
| Q3 2025 | 37% | +2.8 points |
| Q2 2025 | 34% | -0.4 points |
| Q1 2025 | 33% | +0.9 points |
| Q4 2024 | 34% | +10 points |
CFR's operating margin was 36% last quarter, down 1.1 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 CFR on profitability, with a higher operating margin.
CFR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $248.7M | +17% |
| Q2 2026 | -$7.1M | -106% |
| Q1 2026 | $198.7M | +$535.8M |
| Q4 2025 | $138.2M | +419% |
| Q3 2025 | $211.7M | -25% |
| Q2 2025 | $114.5M | +11% |
| Q1 2025 | -$337.1M | -175% |
| Q4 2024 | $26.7M | +$150.2M |
CFR 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.
CFR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.5% | -338K shares |
| 1 year | -3.1% | -2M shares |
| 3 years | -3.3% | -2.1M shares |
| 5 years | -3.1% | -2M shares |
| Available history | -2.1% | -1.3M shares |
CFR has the edge over JPM on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $15.2M |
| Q2 2026 | $90.9M |
| Q1 2026 | $72.3M |
| Q4 2025 | $85.4M |
| Q3 2025 | $69.8M |
| Q2 2025 | $76,000 |
| Q1 2025 | $2.6M |
| Q4 2024 | $8.6M |
CFR spent $264M buying back its own shares over the past year, about three times what it spent 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.
CFR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.7x | Net Cash |
| Q2 2026 | -0.7x | Net Cash |
| Q1 2026 | -0.6x | Net Cash |
| Q4 2025 | -0.7x | Net Cash |
| Q3 2025 | -0.6x | Net Cash |
| Q2 2025 | -0.8x | Net Cash |
| Q1 2025 | -0.8x | Net Cash |
| Q4 2024 | -0.8x | Net Cash |
CFR has the edge over JPM on leverage, with a lower net debt burden relative to earnings.
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's net debt is less than a year of its operating earnings (EBITDA). Net leverage isn't a meaningful measure for financial services companies like JPM.
CFR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 54.7 | Neutral |
| Stochastic | 44.9 | Neutral |
CFR's weekly RSI is 55 (neutral) and its Stochastic is 45 (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).
CFR PE vs Financial Services Sector
| Metric | CFR | Sector median | Relative |
|---|---|---|---|
| PE | 15x | 13x | 13% above |
| PE % | 56 | 63 | 7 pts below |
CFR is trading at 15x earnings, a 13% premium to the Financial Services sector's median of 13x, though its earnings don't support one.
JPM PE vs Financial Services Sector
| Metric | JPM | Sector median | Relative |
|---|---|---|---|
| PE | 14x | 13x | 10% above |
| PE % | 76 | 63 | 13 pts above |
JPM has the edge over CFR on valuation relative to its sector.
CFR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $155.7 | 1.4% above |
| 20 week MA | $159.8 | 1.2% below |
| 50 week MA | $146.8 | 7.5% above |
| 100 week MA | $137.4 | 15% above |
| 200 week MA | $123.3 | 28% above |
CFR's trend is mixed: it's above four of its five weekly moving averages, and 28% 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's trend is mixed: it's above four of its five weekly moving averages, and 45% above its 200-week average.
CFR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $98.0 | $87.5 | -11% |
| 2021 | $87.5 | $125.5 | +43% |
| 2022 | $125.5 | $131.7 | +5% |
| 2023 | $131.7 | $108.5 | -18% |
| 2024 | $108.5 | $135.2 | +25% |
| 2025 | $135.2 | $128.6 | -4.9% |
| 2026 YTD | $128.6 | $157.8 | +23% |
CFR has the edge over JPM on returns for 2026, with the stronger performance.
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 finished higher in four of the last six years. It's up 4.5% so far in 2026.