JPM
JPMorgan Chase & Co.
JPM has the edge over NIC overall, supported by stronger fundamentals and stronger valuation.
NIC
Nicolet Bankshares, Inc.
NIC's outlook is improving, though it still trails on the overall score.
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.
NIC Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| N/A | |
| N/A |
NIC's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like NIC.
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 NIC in the historical PE scenario, which offers more potential upside but is not a forecast.
NIC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 12x | $108 | -38% |
| Forward | 13x | $174 | — |
| Fair | 14x | $125 | -28% |
| Expensive | 17x | $157 | -10% |
| Current | 19x | $174 | — |
Historical ranges are pointers, not guarantees.
NIC's PE is in its expensive range at 19x. If earnings grow as analysts expect, today's price would be 13x next year's earnings, in its cheap range.
JPM Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for JPM, with profitability improving.
NIC Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Stable | |
| Limited | |
| High |
Analysts expect strong earnings and revenue growth for NIC, with profitability holding steady.
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.
NIC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $13.39 | +48% |
| Q3 2026 | $9.02 | -3.6% |
| Q2 2026 | $8.79 | +0.7% |
| Q1 2026 | $8.51 | +2.4% |
| Q4 2025 | $9.78 | +21% |
| Q3 2025 | $9.36 | +19% |
| Q2 2025 | $8.73 | +26% |
| Q1 2025 | $8.31 | +28% |
| Q4 2024 | $8.05 | +97% |
NIC earned $9.02 per share over the past year, down 3.6% from the year before.
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.
NIC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $174.4M | +70% |
| Q2 2026 | $177.8M | +86% |
| Q1 2026 | $134.9M | +51% |
| Q4 2025 | $104M | +13% |
| Q3 2025 | $102.9M | +13% |
| Q2 2025 | $95.7M | +13% |
| Q1 2025 | $89.4M | +8.8% |
| Q4 2024 | $92.4M | +4.2% |
NIC has the edge over JPM on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 47% | -3.9 points |
| Q2 2026 | 41% | -6 points |
| Q1 2026 | 14% | -31 points |
| Q4 2025 | 48% | +1.5 points |
| Q3 2025 | 50% | +5.4 points |
| Q2 2025 | 47% | +3.5 points |
| Q1 2025 | 45% | +3.1 points |
| Q4 2024 | 47% | +4.6 points |
NIC 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.
NIC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $67.1M | +46% |
| Q2 2026 | $89.3M | +133% |
| Q1 2026 | $15.1M | -64% |
| Q4 2025 | $23.9M | -15% |
| Q3 2025 | $45.9M | +32% |
| Q2 2025 | $38.4M | +12% |
| Q1 2025 | $41.3M | +106% |
| Q4 2024 | $28.1M | -19% |
NIC 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 NIC 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.
NIC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.9% | -186K shares |
| 1 year | +40% | +6.1M shares |
| 3 years | +44% | +6.6M shares |
| 5 years | +109% | +11.2M shares |
| Available history | +118% | +11.6M shares |
NIC has 22M diluted shares, up 40% from a year ago, despite $103M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $40M |
| Q2 2026 | $40.2M |
| Q1 2026 | $22.4M |
| Q4 2025 | — |
| Q3 2025 | $20.5M |
| Q2 2025 | $30M |
| Q1 2025 | $26M |
| Q4 2024 | $10.1M |
NIC spent $103M buying back its own shares over the past year, up 18% 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'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.
NIC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.1x | Net Cash |
| Q2 2026 | -0.3x | Net Cash |
| Q1 2026 | 0.3x | Very low |
| Q4 2025 | 0.1x | Very low |
| Q3 2025 | 0.2x | Very low |
| Q2 2025 | 0.0x | Very low |
| Q1 2025 | 0.3x | Very low |
| Q4 2024 | 0.3x | Very low |
NIC 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).
NIC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 62.4 | Neutral |
| Stochastic | 64.4 | Neutral |
NIC's weekly RSI is 62 (neutral) and its Stochastic is 64 (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 NIC on valuation relative to its sector.
NIC PE vs Financial Services Sector
| Metric | NIC | Sector median | Relative |
|---|---|---|---|
| PE | 19x | 13x | 48% above |
| PE % | 90 | 63 | 27 pts above |
NIC is trading at 19x earnings, a 48% 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.
NIC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $169.0 | 3.1% above |
| 20 week MA | $170.0 | 2.4% above |
| 50 week MA | $153.9 | 13% above |
| 100 week MA | $137.3 | 27% above |
| 200 week MA | $108.8 | 60% above |
NIC 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 finished higher in four of the last six years. It's up 4.5% so far in 2026.
NIC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $74.6 | $68.0 | -8.9% |
| 2021 | $68.0 | $87.0 | +28% |
| 2022 | $87.0 | $80.9 | -6.9% |
| 2023 | $80.9 | $80.5 | -0.6% |
| 2024 | $80.5 | $104.6 | +30% |
| 2025 | $104.6 | $123.7 | +18% |
| 2026 YTD | $123.7 | $174.1 | +41% |
NIC has the edge over JPM on returns for 2026, with the stronger performance.