GL
Globe Life Inc.
GL offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
JPM
JPMorgan Chase & Co.
JPM has a slight edge over GL overall, supported by stronger fundamentals and stronger modeled upside.
GL Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| N/A | |
| N/A |
GL's profitability is currently healthy, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like GL.
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.
GL PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9.9x | $148 | -7.4% |
| Forward | 10x | $160 | — |
| Current | 11x | $160 | — |
| Fair | 13x | $187 | +17% |
| Expensive | 14x | $216 | +35% |
Historical ranges are pointers, not guarantees.
GL has the edge over JPM in the historical PE scenario, which offers more potential upside but is not a forecast.
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.
GL Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Stable | |
| Growth | |
| Weakening | |
| Limited | |
| High |
Analysts expect GL's revenue to grow, but its profitability to weaken.
JPM Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for JPM, with profitability improving.
GL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $15.97 | +6.9% |
| Q3 2026 | $14.94 | +8.3% |
| Q2 2026 | $15.05 | +20% |
| Q1 2026 | $14.45 | +18% |
| Q4 2025 | $14.07 | +18% |
| Q3 2025 | $13.79 | +17% |
| Q2 2025 | $12.50 | +13% |
| Q1 2025 | $12.28 | +17% |
| Q4 2024 | $11.94 | +18% |
GL 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.
GL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.6B | +5.5% |
| Q2 2026 | $1.6B | +8% |
| Q1 2026 | $1.6B | +5.3% |
| Q4 2025 | $1.5B | +3.6% |
| Q3 2025 | $1.5B | +4% |
| Q2 2025 | $1.5B | +2.8% |
| Q1 2025 | $1.5B | +4.5% |
| Q4 2024 | $1.5B | +3.6% |
GL's revenue has grown year over year every quarter since late 2020: $1.6B last quarter, up 5.5% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 28% | -3.9 points |
| Q2 2026 | 22% | +1 points |
| Q1 2026 | 21% | +0.1 points |
| Q4 2025 | 22% | +0.4 points |
| Q3 2025 | 32% | +5.2 points |
| Q2 2025 | 21% | -2.4 points |
| Q1 2025 | 21% | -1.8 points |
| Q4 2024 | 21% | -1.8 points |
GL's operating margin was 28% last quarter, down 3.9 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'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 GL on profitability, with a higher operating margin.
GL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $310.8M | +49% |
| Q2 2026 | $297.6M | +0.9% |
| Q1 2026 | $396M | -5.7% |
| Q4 2025 | $330.1M | +2.5% |
| Q3 2025 | $208.7M | -33% |
| Q2 2025 | $295M | -17% |
| Q1 2025 | $420.1M | +23% |
| Q4 2024 | $321.9M | -15% |
GL 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.
GL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.9% | -685K shares |
| 1 year | -4.6% | -3.8M shares |
| 3 years | -18% | -17.6M shares |
| 5 years | -24% | -24.2M shares |
| Available history | -30% | -33.2M shares |
GL has the edge over JPM on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $218M |
| Q2 2026 | $274.7M |
| Q1 2026 | $240.5M |
| Q4 2025 | $192.3M |
| Q3 2025 | $173.9M |
| Q2 2025 | $250.3M |
| Q1 2025 | $264.5M |
| Q4 2024 | $51.7M |
GL spent $925M buying back its own shares over the past year, up 25% 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.
GL Net Leverage
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.
GL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 46.4 | Neutral |
| Stochastic | 13.7 | Oversold |
GL's weekly RSI is 46 (neutral) and its Stochastic is 14 (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).
GL PE vs Financial Services Sector
| Metric | GL | Sector median | Relative |
|---|---|---|---|
| PE | 11x | 13x | 18% below |
| PE % | 29 | 63 | 34 pts below |
GL 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.
GL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $162.1 | 1.2% below |
| 20 week MA | $171.2 | 6.5% below |
| 50 week MA | $156.9 | 2.1% above |
| 100 week MA | $141.9 | 13% above |
| 200 week MA | $124.6 | 28% above |
GL has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 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 has the edge over GL on trend strength, trading above more of its moving averages.
GL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $105.9 | $92.9 | -12% |
| 2021 | $92.9 | $92.7 | -0.2% |
| 2022 | $92.7 | $120.1 | +30% |
| 2023 | $120.1 | $121.7 | +1.3% |
| 2024 | $121.7 | $109.5 | -10% |
| 2025 | $109.5 | $142.2 | +30% |
| 2026 YTD | $142.2 | $160.1 | +13% |
GL 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.