JPM
JPMorgan Chase & Co.
JPM has a slight edge over ORI overall, supported by stronger modeled upside and lower modeled downside.
ORI
Old Republic International Corporation
ORI offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
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.
ORI Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| N/A | |
| N/A |
ORI's profitability is currently healthy, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like ORI.
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 ORI in the historical PE scenario, which offers more potential upside but is not a forecast.
ORI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 5.2x | $23.06 | -42% |
| Current | 9x | $40.04 | — |
| Fair | 10x | $46.32 | +16% |
| Forward | 13x | $40.04 | — |
| Expensive | 14x | $61.39 | +53% |
Historical ranges are pointers, not guarantees.
ORI's PE is in its cheap range at 9.0x. On analysts' estimates for next year's earnings, today's price would be 13x, in its expensive range.
JPM Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
JPM has the edge over ORI on the outlook, with more favorable valuation and earnings expectations.
ORI Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Stable | |
| Growth | |
| Weakening | |
| Limited | |
| Low |
Analysts expect ORI's revenue to grow, but its profitability to weaken. However, they disagree widely on these estimates.
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.
ORI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.16 | -29% |
| Q3 2026 | $4.44 | +34% |
| Q2 2026 | $4.56 | +29% |
| Q1 2026 | $4.06 | +32% |
| Q4 2025 | $3.72 | +15% |
| Q3 2025 | $3.32 | -5.4% |
| Q2 2025 | $3.53 | +48% |
| Q1 2025 | $3.07 | +19% |
| Q4 2024 | $3.24 | +54% |
ORI earned $4.44 per share over the past year, up 34% 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 has the edge over ORI on profitability, with a higher operating margin.
ORI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.6B | +5.2% |
| Q2 2026 | $2.5B | +13% |
| Q1 2026 | $2.4B | +14% |
| Q4 2025 | $2.4B | +19% |
| Q3 2025 | $2.4B | +3.5% |
| Q2 2025 | $2.2B | +18% |
| Q1 2025 | $2.1B | +4.9% |
| Q4 2024 | $2B | +3.1% |
ORI has the edge over JPM on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 11% | -3.9 points |
| Q2 2026 | 16% | +4.6 points |
| Q1 2026 | 17% | +2.7 points |
| Q4 2025 | 11% | +4.5 points |
| Q3 2025 | 15% | -3.7 points |
| Q2 2025 | 12% | +5.7 points |
| Q1 2025 | 15% | -5.2 points |
| Q4 2024 | 6.5% | -5.7 points |
ORI's operating margin was 11% last quarter, down 3.9 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.
ORI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $429.4M | -24% |
| Q2 2026 | $199.7M | +49% |
| Q1 2026 | $281.4M | +21% |
| Q4 2025 | $234.9M | -35% |
| Q3 2025 | $563.9M | +19% |
| Q2 2025 | $133.8M | -43% |
| Q1 2025 | $231.7M | +44% |
| Q4 2024 | $361.7M | +28% |
ORI 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 ORI 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.
ORI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +431K shares |
| 1 year | -1.8% | -4.6M shares |
| 3 years | -12% | -33.2M shares |
| 5 years | -19% | -56.8M shares |
| Available history | -18% | -54.9M shares |
ORI has 247M diluted shares, down 1.8% from a year ago, with $388M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $112.7M |
| Q2 2026 | $60.2M |
| Q1 2026 | $159.8M |
| Q4 2025 | $55.2M |
| Q3 2025 | $43.3M |
| Q2 2025 | — |
| Q1 2025 | $25.3M |
| Q4 2024 | $174.4M |
ORI spent $388M buying back its own shares over the past year, up 60% 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.
ORI 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).
ORI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 49.5 | Neutral |
| Stochastic | 35.0 | Neutral |
ORI's weekly RSI is 50 (neutral) and its Stochastic is 35 (neutral).
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.
ORI PE vs Financial Services Sector
| Metric | ORI | Sector median | Relative |
|---|---|---|---|
| PE | 9x | 13x | 31% below |
| PE % | 30 | 63 | 33 pts below |
ORI 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 ORI on trend strength, trading above more of its moving averages.
ORI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $38.8 | 3.1% above |
| 20 week MA | $40.7 | 1.6% below |
| 50 week MA | $40.9 | 2% below |
| 100 week MA | $39.7 | 0.9% above |
| 200 week MA | $34.6 | 16% above |
ORI's trend is mixed: it's above three of its five weekly moving averages, and 16% 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 the edge over ORI on returns for 2026, with the stronger performance.
ORI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $22.2 | $19.2 | -14% |
| 2021 | $19.2 | $24.1 | +25% |
| 2022 | $24.1 | $24.3 | +0.7% |
| 2023 | $24.3 | $29.4 | +21% |
| 2024 | $29.4 | $36.4 | +24% |
| 2025 | $36.4 | $46.6 | +28% |
| 2026 YTD | $46.6 | $40.0 | -14% |
ORI has finished higher in five of the last six years. It's down 14% so far in 2026.