JPM
JPMorgan Chase & Co.
JPM's fundamentals are strong, but it looks expensive: trading at 14x earnings, above its usual 12x. Analysts expect earnings growth.
NMCO
Nuveen Municipal Credit Opportunities Fund
There isn't enough reported data to score NMCO yet.
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.
NMCO Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Unavailable | |
| N/A | |
| N/A |
There isn't enough reported data to rate NMCO's fundamentals.
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.
NMCO PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 3.6x | N/A | N/A |
| Current | 18x | $8.80 | — |
| Fair | 19x | N/A | N/A |
| Expensive | 98x | N/A | N/A |
Historical ranges are pointers, not guarantees.
NMCO's PE is 18x, but its earnings don't support one, so it isn't a reliable read right now.
JPM Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for JPM, with profitability improving.
NMCO Forward outlook
There aren't enough analyst estimates for NMCO to show an outlook.
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.
NMCO Earnings Per Share
NMCO and JPM do not have enough comparable growth data to identify a winner.
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 NMCO in the latest year-over-year revenue comparison.
| 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.
NMCO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $30M | -1.4% |
| Q2 2025 | $30.4M | -10% |
| Q4 2024 | $27M | +7.8% |
| Q2 2024 | $33.9M | +9.3% |
| Q4 2023 | $25M | -23% |
| Q2 2023 | $31M | +4.8% |
| Q4 2022 | $32.6M | +9.1% |
| Q2 2022 | $29.6M | -5.6% |
NMCO's revenue is shrinking: $30M last quarter, down 12% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 51% | -33 points |
| Q2 2025 | 82% | +0.5 points |
| Q4 2024 | 78% | -3.7 points |
| Q2 2024 | 84% | +5.1 points |
| Q4 2023 | 77% | -1.7 points |
| Q2 2023 | 82% | +1 points |
| Q4 2022 | 82% | +1 points |
| Q2 2022 | 79% | -0.3 points |
NMCO's operating margin was 51% last quarter, down 26 points from the same quarter a year ago, near the bottom of its range since 2020.
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.
NMCO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $30.7M | -35% |
| Q4 2025 | $2.2M | -84% |
| Q2 2025 | $47.4M | +243% |
| Q4 2024 | $13.7M | -66% |
| Q2 2024 | $13.8M | -42% |
| Q4 2023 | $40M | +$47.5M |
| Q2 2023 | $24M | +16% |
| Q4 2022 | -$7.6M | -171% |
NMCO's free cash flow was $94M over the past year, up 34% from the year before. Free cash flow isn't a meaningful measure for financial services companies like NMCO.
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 NMCO 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.
NMCO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +2.1% | +1.1M shares |
| 1 year | +2.1% | +1.1M shares |
| 3 years | +5% | +2.7M shares |
NMCO has 56M diluted shares, up 2.1% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q4 2025 | — |
| Q2 2025 | — |
| Q4 2024 | — |
| Q2 2024 | — |
| Q4 2023 | — |
| Q2 2023 | — |
| Q4 2022 | — |
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.
NMCO Net Leverage
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).
NMCO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 30.9 | Neutral |
| Stochastic | 25.7 | Neutral |
NMCO's weekly RSI is 31 (neutral) and its Stochastic is 26 (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 NMCO on valuation relative to its sector.
NMCO PE vs Financial Services Sector
| Metric | NMCO | Sector median | Relative |
|---|---|---|---|
| PE | 18x | 13x | 41% above |
| PE % | 49 | 63 | 14 pts below |
NMCO is trading at 18x earnings, a 41% premium to the Financial Services sector's median of 13x, though its earnings don't support one.
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 NMCO on trend strength, trading above more of its moving averages.
NMCO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $8.83 | 0.3% below |
| 20 week MA | $9.75 | 9.7% below |
| 50 week MA | $10.3 | 14% below |
| 100 week MA | $10.5 | 16% below |
| 200 week MA | $10.6 | 17% below |
NMCO is in a downtrend: it's below all five of its weekly moving averages, and 17% 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 NMCO on returns for 2026, with the stronger performance.
NMCO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $15.3 | $12.8 | -17% |
| 2021 | $12.8 | $15.7 | +23% |
| 2022 | $15.7 | $11.0 | -30% |
| 2023 | $11.0 | $9.97 | -9.2% |
| 2024 | $9.97 | $10.5 | +5.5% |
| 2025 | $10.5 | $10.2 | -2.9% |
| 2026 YTD | $10.2 | $8.80 | -14% |
NMCO has finished lower in four of the last six years. It's down 14% so far in 2026.