COF
Capital One Financial Corporation
COF has the edge over JPM overall, supported by stronger fundamentals and stronger valuation.
JPM
JPMorgan Chase & Co.
JPM has slightly lower modeled downside risk, despite its lower overall score.
COF Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
COF's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like COF.
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.
COF PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 5.4x | $96.85 | -50% |
| Forward | 8.4x | $194 | — |
| Fair | 11x | $195 | +0.7% |
| Current | 11x | $194 | — |
| Expensive | 45x | $817 | +322% |
Historical ranges are pointers, not guarantees.
COF's PE is in its fair range at 11x. If earnings grow as analysts expect, today's price would be 8.4x 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 COF in the historical PE scenario, which offers more potential upside but is not a forecast.
COF Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
COF 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.
COF Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $22.94 | +27% |
| Q3 2026 | $18.01 | +660% |
| Q2 2026 | $17.23 | +784% |
| Q1 2026 | $3.92 | -67% |
| Q4 2025 | $4.03 | -65% |
| Q3 2025 | $2.37 | -78% |
| Q2 2025 | $1.95 | -82% |
| Q1 2025 | $11.91 | -6.7% |
| Q4 2024 | $11.59 | -3% |
COF's earnings per share have fallen from their peak: $18.01 over the past year, against $26.94 in late 2021.
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 COF on earnings, with more consistent year-over-year improvement.
COF Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $16.3B | +6.4% |
| Q2 2026 | $15.9B | +27% |
| Q1 2026 | $15.2B | +52% |
| Q4 2025 | $15.6B | +53% |
| Q3 2025 | $15.4B | +53% |
| Q2 2025 | $12.5B | +31% |
| Q1 2025 | $10B | +6.4% |
| Q4 2024 | $10.2B | +7.2% |
COF has the edge over JPM on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 28% | -0.6 points |
| Q2 2026 | 24% | +72 points |
| Q1 2026 | 18% | +0.4 points |
| Q4 2025 | 13% | -0.8 points |
| Q3 2025 | 29% | +6.4 points |
| Q2 2025 | -47% | -54 points |
| Q1 2025 | 17% | +0.5 points |
| Q4 2024 | 14% | +4.5 points |
COF's operating margin was 28% last quarter, down 0.6 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 COF on profitability, with a higher operating margin.
COF Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $5.3B | -39% |
| Q2 2026 | $8.1B | +43% |
| Q1 2026 | $5.5B | +27% |
| Q4 2025 | $7.4B | +253% |
| Q3 2025 | $8.8B | +43% |
| Q2 2025 | $5.7B | -4.8% |
| Q1 2025 | $4.3B | +56% |
| Q4 2024 | $2.1B | -69% |
COF 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.
COF Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.9% | -11.6M shares |
| 1 year | -4.7% | -30M shares |
| 3 years | +59% | +226M shares |
| 5 years | +38% | +169M shares |
| Available history | +30% | +140M shares |
COF has the edge over JPM on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $2.7B |
| Q2 2026 | $2.7B |
| Q1 2026 | $2.8B |
| Q4 2025 | $2.5B |
| Q3 2025 | $1B |
| Q2 2025 | $167M |
| Q1 2025 | $375M |
| Q4 2024 | $161M |
COF spent $10.7B buying back its own shares over the past year, about six 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.
COF Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.3x | Moderate |
| Q2 2026 | 2.1x | Moderate |
| Q1 2026 | 5.1x | High |
| Q4 2025 | 6.4x | High |
| Q3 2025 | 7.7x | High |
| Q2 2025 | 16.4x | High |
| Q1 2025 | 4.1x | High |
| Q4 2024 | 4.7x | High |
COF's net debt is about 2.3 years of its operating earnings (EBITDA), down from 7.7 years a year ago. Net leverage isn't a meaningful measure for financial services companies like COF.
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 COF on leverage, with a lower net debt burden relative to earnings.
COF Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.9 | Neutral |
| Stochastic | 26.9 | Neutral |
COF's weekly RSI is 43 (neutral) and its Stochastic is 27 (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).
COF PE vs Financial Services Sector
| Metric | COF | Sector median | Relative |
|---|---|---|---|
| PE | 11x | 13x | 17% below |
| PE % | 49 | 63 | 14 pts below |
COF 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.
COF Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $199.7 | 3.1% below |
| 20 week MA | $206.7 | 6.3% below |
| 50 week MA | $206.3 | 6.2% below |
| 100 week MA | $203.1 | 4.7% below |
| 200 week MA | $164.7 | 18% above |
COF has fallen below most of its moving averages, though it's still 18% 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 COF on trend strength, trading above more of its moving averages.
COF Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $103.0 | $97.3 | -5.5% |
| 2021 | $97.3 | $145.1 | +49% |
| 2022 | $145.1 | $90.7 | -37% |
| 2023 | $90.7 | $131.1 | +45% |
| 2024 | $131.1 | $180.2 | +37% |
| 2025 | $180.2 | $249.3 | +38% |
| 2026 YTD | $249.3 | $193.6 | -22% |
COF has finished higher in four of the last six years. It's down 22% 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 COF on returns for 2026, with the stronger performance.