IFS
Intercorp Financial Services Inc.
IFS offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
JPM
JPMorgan Chase & Co.
JPM has a slight edge over IFS overall, supported by stronger modeled upside and lower modeled downside.
IFS Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| N/A | |
| N/A |
IFS'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 IFS.
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.
IFS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6.5x | $35.81 | -30% |
| Fair | 8.4x | $46.57 | -9.3% |
| Current | 9.3x | $51.36 | — |
| Expensive | 12x | $67.13 | +31% |
Historical ranges are pointers, not guarantees.
IFS's PE is 9.3x, 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 IFS in the historical PE scenario, which offers more potential upside but is not a forecast.
IFS Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Growth | |
| Strong growth | |
| Strongly weakening | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for IFS, but weaker profitability.
JPM Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
JPM has the edge over IFS on the outlook, with more favorable profitability expectations.
IFS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $5.52 | +12% |
| Q1 2026 | $5.49 | +33% |
| Q4 2025 | $5.06 | +51% |
| Q3 2025 | $5.10 | +81% |
| Q2 2023 | $4.08 | +8.2% |
| Q1 2023 | $3.88 | -9.6% |
| Q4 2022 | $4.22 | -8.5% |
| Q3 2022 | $3.93 | -20% |
IFS earned $5.52 per share over the past year, up 12% 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 IFS on earnings, with more consistent year-over-year improvement.
IFS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $710.7M | -26% |
| Q1 2026 | $899.1M | +32% |
| Q4 2025 | $374.5M | -44% |
| Q3 2025 | $641.3M | -1.9% |
| Q2 2025 | $956.4M | +44% |
| Q1 2025 | $680.6M | +12% |
| Q4 2024 | $668.2M | -1.8% |
| Q3 2024 | $653.5M | -0.2% |
IFS's revenue has slid since its 2025 peak: $711M last quarter, down 26% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 29% | +7.7 points |
| Q1 2026 | 25% | +1.1 points |
| Q4 2025 | 48% | +21 points |
| Q3 2025 | 26% | +5.2 points |
| Q2 2025 | 21% | +5.1 points |
| Q1 2025 | 24% | +15 points |
| Q4 2024 | 28% | +15 points |
| Q3 2024 | 21% | +9.5 points |
IFS's operating margin was 29% last quarter, up 7.7 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 has the edge over IFS on sales, with more consistent year-over-year improvement.
| 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 IFS on profitability, with a higher operating margin.
IFS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $795.8M | +531% |
| Q1 2026 | -$63.9M | +$74.7M |
| Q4 2025 | $769M | +$1.1B |
| Q3 2025 | -$373.3M | -160% |
| Q2 2025 | $126.2M | +$383.2M |
| Q1 2025 | -$138.5M | -119% |
| Q4 2024 | -$341.8M | -$190M |
| Q3 2024 | $622.2M | +179% |
IFS 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.
IFS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -205K shares |
| 1 year | -1.3% | -1.4M shares |
| 3 years | -3.9% | -4.5M shares |
| 5 years | -3.9% | -4.5M shares |
| Available history | -4% | -4.6M shares |
IFS has 111M diluted shares, down 1.3% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | $31.5M |
| Q1 2026 | $453,026 |
| Q4 2025 | $10.7M |
| Q3 2025 | $8.1M |
| Q2 2025 | $16.7M |
| Q1 2025 | $41.6M |
| Q4 2024 | $34.6M |
| Q3 2024 | $1.3M |
IFS spent $51M buying back its own shares over the past year, down 46% 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 the edge over IFS 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.
IFS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -0.5x | Net Cash |
| Q1 2026 | -0.3x | Net Cash |
| Q4 2025 | -0.5x | Net Cash |
| Q3 2025 | 0.1x | Very low |
| Q2 2025 | -0.1x | Net Cash |
| Q1 2025 | 2.5x | Moderate |
| Q4 2024 | -0.2x | Net Cash |
| Q3 2024 | -1.1x | Net Cash |
IFS 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.
IFS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 48.1 | Neutral |
| Stochastic | 14.0 | Oversold |
IFS's weekly RSI is 48 (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).
IFS PE vs Financial Services Sector
| Metric | IFS | Sector median | Relative |
|---|---|---|---|
| PE | 9.3x | 13x | 29% below |
| PE % | 61 | 63 | 2 pts below |
IFS 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.
IFS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $51.8 | 0.9% below |
| 20 week MA | $55.0 | 6.6% below |
| 50 week MA | $50.4 | 1.9% above |
| 100 week MA | $43.1 | 19% above |
| 200 week MA | $33.3 | 54% above |
IFS has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 54% 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 IFS on trend strength, trading above more of its moving averages.
IFS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $40.7 | $30.0 | -26% |
| 2021 | $30.0 | $25.5 | -15% |
| 2022 | $25.5 | $23.3 | -8.6% |
| 2023 | $23.3 | $22.0 | -5.9% |
| 2024 | $22.0 | $29.1 | +32% |
| 2025 | $29.1 | $42.9 | +48% |
| 2026 YTD | $42.9 | $51.4 | +20% |
IFS 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.