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.
NTB
The Bank of N.T. Butterfield & Son Limited
There isn't enough reported data to score NTB 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.
NTB Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Strong | |
| N/A | |
| N/A |
NTB's profitability is currently strong. There isn't enough data to rate its revenue. Free cash flow and net leverage aren't meaningful measures for financial services companies like NTB.
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 NTB in the historical PE scenario, which offers more potential upside but is not a forecast.
NTB PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6.7x | $36.77 | -35% |
| Forward | 8.6x | $56.25 | — |
| Fair | 8.9x | $48.90 | -13% |
| Current | 10x | $56.25 | — |
| Expensive | 11x | $61.43 | +9.2% |
Historical ranges are pointers, not guarantees.
NTB's PE is 10x, 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 |
JPM has the edge over NTB on the outlook, with more favorable profitability expectations.
NTB Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Growth | |
| Strong growth | |
| Strongly weakening | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for NTB, but weaker profitability.
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.
NTB Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.55 | +20% |
| Q4 2025 | $5.47 | +16% |
| Q4 2024 | $4.71 | +2.8% |
| Q4 2023 | $4.58 | +6.8% |
| Q4 2022 | $4.29 | +32% |
| Q4 2021 | $3.26 | +12% |
| Q4 2020 | $2.90 | -12% |
| Q4 2019 | $3.30 | -5.7% |
| Q4 2018 | $3.50 | +27% |
NTB has the edge over JPM in the latest year-over-year earnings comparison.
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.
NTB Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2025 | $606.8M | +4.6% |
| Q4 2024 | $579.9M | +0.2% |
| Q4 2023 | $578.6M | +5.3% |
| Q4 2022 | $549.3M | +9.9% |
| Q4 2021 | $499.7M | +1.1% |
| Q4 2020 | $494.2M | -7.2% |
| Q4 2019 | $532.6M | +2.9% |
| Q4 2018 | $517.8M | +14% |
NTB has the edge over JPM in the latest year-over-year revenue comparison.
| Quarter | Margin | YoY |
|---|---|---|
| Q4 2025 | 39% | +6 points |
| Q4 2024 | 38% | +7.8 points |
| Q4 2023 | 39% | +6.1 points |
| Q4 2022 | 40% | +1.7 points |
| Q4 2021 | 33% | -0.8 points |
| Q4 2020 | 30% | +1.3 points |
| Q4 2019 | 33% | N/A |
| Q4 2018 | 38% | N/A |
NTB's operating margin was 39% last quarter, up 6 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.
NTB Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q4 2018 | $277.8M | +25% |
| Q4 2017 | $222.5M | +32% |
NTB and JPM do not have enough comparable growth data to identify a winner.
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.
NTB Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -8.2% | -3.6M shares |
| 1 year | -20% | -10M shares |
NTB has the edge over JPM on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2025 | $146.7M |
| Q4 2024 | $155.3M |
| Q4 2023 | $88.6M |
| Q4 2022 | $3.9M |
| Q4 2021 | $19.8M |
| Q4 2020 | $86.6M |
| Q4 2019 | $81.5M |
| Q4 2018 | $48.4M |
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.
NTB Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2025 | -6.2x | Net Cash |
| Q4 2024 | -7.2x | Net Cash |
| Q4 2023 | -5.9x | Net Cash |
| Q4 2022 | -7.5x | Net Cash |
| Q4 2021 | -8.5x | Net Cash |
| Q4 2020 | -14.7x | Net Cash |
| Q4 2019 | -10.7x | Net Cash |
| Q4 2018 | -7.9x | Net Cash |
NTB has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like NTB.
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).
NTB Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 45.9 | Neutral |
| Stochastic | 8.3 | Oversold |
NTB's weekly RSI is 46 (neutral) and its Stochastic is 8 (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.
NTB PE vs Financial Services Sector
| Metric | NTB | Sector median | Relative |
|---|---|---|---|
| PE | 10x | 13x | 21% below |
| PE % | 68 | 63 | 5 pts above |
NTB 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 NTB on trend strength, trading above more of its moving averages.
NTB Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $57.6 | 2.4% below |
| 20 week MA | $59.5 | 5.5% below |
| 50 week MA | $55.9 | 0.7% above |
| 100 week MA | $48.7 | 15% above |
| 200 week MA | $40.2 | 40% above |
NTB has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 40% above 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 finished higher in four of the last six years. It's up 4.5% so far in 2026.
NTB Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $36.9 | $31.2 | -16% |
| 2021 | $31.2 | $38.0 | +22% |
| 2022 | $38.0 | $30.0 | -21% |
| 2023 | $30.0 | $32.0 | +6.8% |
| 2024 | $32.0 | $36.8 | +15% |
| 2025 | $36.8 | $50.5 | +37% |
| 2026 YTD | $50.5 | $56.3 | +11% |
NTB has the edge over JPM on returns for 2026, with the stronger performance.