JPM
JPMorgan Chase & Co.
JPM has lower modeled downside risk, despite its lower overall score.
LOB
Live Oak Bancshares, Inc.
LOB has the edge over JPM overall, supported by stronger valuation and stronger fundamentals.
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.
LOB Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
LOB's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like LOB.
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 LOB in the historical PE scenario, which offers more potential upside but is not a forecast.
LOB PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 9.1x | $34.63 | — |
| Cheap | 11x | $30.19 | -13% |
| Current | 12x | $34.63 | — |
| Fair | 21x | $58.49 | +69% |
| Expensive | 34x | $97.13 | +180% |
Historical ranges are pointers, not guarantees.
LOB's PE is in its cheap range at 12x. If earnings grow as analysts expect, today's price would be 9.1x next year's earnings.
JPM Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for JPM, with profitability improving.
LOB Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
LOB has the edge over JPM on the outlook, with more favorable valuation expectations.
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.
LOB Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.81 | +35% |
| Q3 2026 | $2.82 | +89% |
| Q2 2026 | $2.85 | +134% |
| Q1 2026 | $2.62 | +102% |
| Q4 2025 | $2.23 | +32% |
| Q3 2025 | $1.49 | -19% |
| Q2 2025 | $1.22 | -50% |
| Q1 2025 | $1.30 | -42% |
| Q4 2024 | $1.69 | +3% |
LOB's earnings per share have fallen from their peak: $2.82 over the past year, against $4.54 in late 2022.
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 LOB on profitability, with a higher operating margin.
LOB Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $175.6M | +20% |
| Q2 2026 | $156.1M | +8.6% |
| Q1 2026 | $145.5M | +15% |
| Q4 2025 | $161.9M | +26% |
| Q3 2025 | $146.1M | +12% |
| Q2 2025 | $143.7M | +15% |
| Q1 2025 | $126.1M | +8.5% |
| Q4 2024 | $128.1M | +7% |
LOB has the edge over JPM on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 20% | -5 points |
| Q2 2026 | 29% | +7.6 points |
| Q1 2026 | 28% | +17 points |
| Q4 2025 | 38% | +28 points |
| Q3 2025 | 25% | +11 points |
| Q2 2025 | 22% | -7 points |
| Q1 2025 | 10% | -8.6 points |
| Q4 2024 | 10% | -4.3 points |
LOB's operating margin was 20% last quarter, down 5 points from the same quarter a year ago.
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.
LOB Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $124.4M | +105% |
| Q2 2026 | $28.4M | -86% |
| Q1 2026 | $85.3M | -17% |
| Q4 2025 | $70.4M | +$294.5M |
| Q3 2025 | $60.6M | -67% |
| Q2 2025 | $206.7M | +210% |
| Q1 2025 | $102.7M | +48% |
| Q4 2024 | -$224.2M | -251% |
LOB has the edge over JPM on cash generation, producing positive trailing cash flow while its opponent burns cash.
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 LOB 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.
LOB Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.6% | +275K shares |
| 1 year | +1.4% | +652K shares |
| 3 years | +3.5% | +1.6M shares |
| 5 years | +4.9% | +2.2M shares |
| Available history | +14% | +5.8M shares |
LOB has 47M diluted shares, up 1.4% from a year ago.
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.
LOB Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -5.2x | Net Cash |
| Q2 2026 | -4.3x | Net Cash |
| Q1 2026 | -4.1x | Net Cash |
| Q4 2025 | -5.0x | Net Cash |
| Q3 2025 | -7.4x | Net Cash |
| Q2 2025 | -6.5x | Net Cash |
| Q1 2025 | -7.1x | Net Cash |
| Q4 2024 | -5.4x | Net Cash |
LOB has the edge over JPM on leverage, with a lower net debt burden relative to earnings.
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).
LOB Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 38.3 | Neutral |
| Stochastic | 9.6 | Oversold |
LOB's weekly RSI is 38 (neutral) and its Stochastic is 10 (oversold).
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.
LOB PE vs Financial Services Sector
| Metric | LOB | Sector median | Relative |
|---|---|---|---|
| PE | 12x | 13x | 5.7% below |
| PE % | 19 | 63 | 44 pts below |
LOB has the edge over JPM on valuation relative to its sector.
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 LOB on trend strength, trading above more of its moving averages.
LOB Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $35.2 | 1.7% below |
| 20 week MA | $38.8 | 11% below |
| 50 week MA | $37.6 | 7.8% below |
| 100 week MA | $34.8 | 0.6% below |
| 200 week MA | $35.2 | 1.5% below |
LOB is in a downtrend: it's below all five of its weekly moving averages, and 1.5% below its 200-week average.
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 LOB on returns for 2026, with the stronger performance.
LOB Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $19.1 | $48.1 | +153% |
| 2021 | $48.1 | $83.7 | +74% |
| 2022 | $83.7 | $31.4 | -62% |
| 2023 | $31.4 | $45.5 | +45% |
| 2024 | $45.5 | $39.4 | -13% |
| 2025 | $39.4 | $35.2 | -11% |
| 2026 YTD | $35.2 | $34.6 | -1.6% |
LOB's yearly returns have swung widely, from +153% in 2020 to −62% in 2022. It's down 1.6% so far in 2026.