JPM
JPMorgan Chase & Co.
JPM has slightly lower modeled downside risk, despite its lower overall score.
MCO
Moody's Corporation
MCO 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.
MCO Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| N/A | |
| N/A |
MCO'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 MCO.
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.
MCO PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 28x | $507 | — |
| Cheap | 30x | $495 | -2.3% |
| Current | 31x | $507 | — |
| Fair | 35x | $576 | +14% |
| Expensive | 44x | $719 | +42% |
Historical ranges are pointers, not guarantees.
MCO has the edge over JPM in the historical PE scenario, which offers more potential upside but is not a forecast.
JPM Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for JPM, with profitability improving.
MCO Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Strongly improving | |
| Moderate | |
| Moderate |
MCO 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.
MCO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $17.98 | +9.6% |
| Q3 2026 | $16.40 | +32% |
| Q2 2026 | $15.76 | +34% |
| Q1 2026 | $13.94 | +20% |
| Q4 2025 | $13.67 | +21% |
| Q3 2025 | $12.43 | +14% |
| Q2 2025 | $11.76 | +16% |
| Q1 2025 | $11.57 | +26% |
| Q4 2024 | $11.26 | +29% |
MCO has the edge over JPM on earnings, with stronger typical year-over-year growth.
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's operating margin was 40% last quarter, about level with the same quarter a year ago.
MCO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2B | +0.8% |
| Q2 2026 | $2.2B | +15% |
| Q1 2026 | $2.1B | +8.1% |
| Q4 2025 | $1.9B | +13% |
| Q3 2025 | $2B | +11% |
| Q2 2025 | $1.9B | +4.5% |
| Q1 2025 | $1.9B | +7.7% |
| Q4 2024 | $1.7B | +13% |
MCO has the edge over JPM on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 45% | -0.9 points |
| Q2 2026 | 48% | +4.8 points |
| Q1 2026 | 44% | +0.4 points |
| Q4 2025 | 41% | +7.2 points |
| Q3 2025 | 46% | +5 points |
| Q2 2025 | 43% | +0.5 points |
| Q1 2025 | 44% | -0.9 points |
| Q4 2024 | 34% | -0.1 points |
MCO has the edge over JPM on profitability, with a higher operating margin.
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.
MCO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $668M | +1.5% |
| Q2 2026 | $688M | +47% |
| Q1 2026 | $844M | +26% |
| Q4 2025 | $777M | +29% |
| Q3 2025 | $658M | +4.3% |
| Q2 2025 | $468M | -21% |
| Q1 2025 | $672M | -3.6% |
| Q4 2024 | $600M | +49% |
MCO 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 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.
MCO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.7% | -1.2M shares |
| 1 year | -3.5% | -6.3M shares |
| 3 years | -5.8% | -10.7M shares |
| 5 years | -7.5% | -14M shares |
| Available history | -9.6% | -18.3M shares |
MCO has the edge over JPM on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $388M |
| Q2 2026 | $694M |
| Q1 2026 | $1.5B |
| Q4 2025 | $437M |
| Q3 2025 | $513M |
| Q2 2025 | $284M |
| Q1 2025 | $373M |
| Q4 2024 | $480M |
MCO spent $3B buying back its own shares over the past year, up 81% from the year before.
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 MCO on leverage, with a lower net debt burden relative to earnings.
MCO Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.3x | Healthy |
| Q2 2026 | 1.3x | Healthy |
| Q1 2026 | 1.4x | Healthy |
| Q4 2025 | 1.2x | Healthy |
| Q3 2025 | 1.3x | Healthy |
| Q2 2025 | 1.4x | Healthy |
| Q1 2025 | 1.4x | Healthy |
| Q4 2024 | 1.5x | Healthy |
MCO's net debt is about 1.3 years of its operating earnings (EBITDA), about the same as a year ago. Net leverage isn't a meaningful measure for financial services companies like MCO.
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).
MCO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 58.2 | Neutral |
| Stochastic | 70.3 | Neutral |
MCO's weekly RSI is 58 (neutral) and its Stochastic is 70 (neutral).
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 MCO on valuation relative to its sector.
MCO PE vs Financial Services Sector
| Metric | MCO | Sector median | Relative |
|---|---|---|---|
| PE | 31x | 13x | 137% above |
| PE % | 22 | 63 | 41 pts below |
MCO is trading at 31x earnings, a 137% premium to the Financial Services sector's median of 13x.
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.
MCO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $481.1 | 5.3% above |
| 20 week MA | $485.3 | 4.4% above |
| 50 week MA | $474.1 | 6.8% above |
| 100 week MA | $477.9 | 6% above |
| 200 week MA | $428.7 | 18% above |
MCO has the edge over JPM on trend strength, trading above more of its moving averages.
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 MCO on returns for 2026, with the stronger performance.
MCO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $239.3 | $278.9 | +17% |
| 2021 | $278.9 | $397.3 | +42% |
| 2022 | $397.3 | $278.8 | -30% |
| 2023 | $278.8 | $390.6 | +40% |
| 2024 | $390.6 | $476.8 | +22% |
| 2025 | $476.8 | $520.0 | +9.1% |
| 2026 YTD | $520.0 | $506.6 | -2.6% |
MCO has finished higher in five of the last six years. It's down 2.6% so far in 2026.