JPM
JPMorgan Chase & Co.
JPM's outlook is improving, though it still trails on the overall score.
PNC
The PNC Financial Services Group, Inc.
PNC 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.
PNC Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
PNC's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like PNC.
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 PNC in the historical PE scenario, which offers more potential upside but is not a forecast.
PNC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9x | $169 | -27% |
| Forward | 11x | $231 | — |
| Fair | 12x | $233 | +1% |
| Current | 12x | $231 | — |
| Expensive | 15x | $273 | +18% |
Historical ranges are pointers, not guarantees.
PNC's PE is in its fair range at 12x. If earnings grow as analysts expect, today's price would be 11x 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.
PNC Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
PNC 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.
PNC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $20.90 | +11% |
| Q3 2026 | $18.79 | +21% |
| Q2 2026 | $18.17 | +24% |
| Q1 2026 | $17.21 | +22% |
| Q4 2025 | $16.59 | +21% |
| Q3 2025 | $15.47 | +31% |
| Q2 2025 | $14.61 | +22% |
| Q1 2025 | $14.15 | +19% |
| Q4 2024 | $13.74 | +7.4% |
PNC 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 has the edge over PNC on profitability, with a higher operating margin.
PNC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $6.6B | +11% |
| Q2 2026 | $6.9B | +21% |
| Q1 2026 | $6.2B | +13% |
| Q4 2025 | $6.1B | +9.1% |
| Q3 2025 | $5.9B | +8.9% |
| Q2 2025 | $5.7B | +4.6% |
| Q1 2025 | $5.5B | +6% |
| Q4 2024 | $5.6B | +3.8% |
PNC has the edge over JPM on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 40% | +1.3 points |
| Q2 2026 | 38% | +1.9 points |
| Q1 2026 | 35% | +1.6 points |
| Q4 2025 | 38% | +4.1 points |
| Q3 2025 | 39% | +4.4 points |
| Q2 2025 | 36% | +2.1 points |
| Q1 2025 | 34% | +1.7 points |
| Q4 2024 | 34% | +15 points |
PNC's operating margin was 40% last quarter, up 1.3 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.
PNC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $3.1B | +15% |
| Q2 2026 | $2.1B | +45% |
| Q1 2026 | $1.9B | +$2.4B |
| Q4 2025 | $757M | -58% |
| Q3 2025 | $2.7B | -19% |
| Q2 2025 | $1.5B | +43% |
| Q1 2025 | -$509M | -129% |
| Q4 2024 | $1.8B | -63% |
PNC 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 PNC 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.
PNC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.5% | -2M shares |
| 1 year | +1.3% | +5M shares |
| 3 years | +0.2% | +1M shares |
| 5 years | -5.9% | -25M shares |
| Available history | -10% | -47M shares |
PNC has 401M diluted shares, up 1.3% from a year ago, despite $2.4B in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $566M |
| Q2 2026 | $622M |
| Q1 2026 | $796M |
| Q4 2025 | $406M |
| Q3 2025 | $334M |
| Q2 2025 | $336M |
| Q1 2025 | $262M |
| Q4 2024 | $221M |
PNC spent $2.4B buying back its own shares over the past year, up 107% 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 PNC on leverage, with a lower net debt burden relative to earnings.
PNC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 7.3x | High |
| Q2 2026 | 8.2x | High |
| Q1 2026 | 6.6x | High |
| Q4 2025 | 5.7x | High |
| Q3 2025 | 6.7x | High |
| Q2 2025 | 3.8x | Elevated |
| Q1 2025 | 2.8x | Moderate |
| Q4 2024 | 2.0x | Healthy |
PNC's net debt is about 7.3 years of its operating earnings (EBITDA), up from 6.7 years a year ago. Net leverage isn't a meaningful measure for financial services companies like PNC.
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).
PNC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 50.5 | Neutral |
| Stochastic | 38.8 | Neutral |
PNC's weekly RSI is 51 (neutral) and its Stochastic is 39 (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.
PNC PE vs Financial Services Sector
| Metric | PNC | Sector median | Relative |
|---|---|---|---|
| PE | 12x | 13x | 5.5% below |
| PE % | 48 | 63 | 15 pts below |
PNC 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's trend is mixed: it's above four of its five weekly moving averages, and 45% above its 200-week average.
PNC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $224.0 | 3.1% above |
| 20 week MA | $238.3 | 3% below |
| 50 week MA | $226.6 | 1.9% above |
| 100 week MA | $206.2 | 12% above |
| 200 week MA | $178.1 | 30% above |
PNC's trend is mixed: it's above four of its five weekly moving averages, and 30% 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.
PNC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $160.8 | $146.2 | -9.1% |
| 2021 | $146.2 | $197.9 | +35% |
| 2022 | $197.9 | $155.0 | -22% |
| 2023 | $155.0 | $154.9 | -0.1% |
| 2024 | $154.9 | $193.3 | +25% |
| 2025 | $193.3 | $213.9 | +11% |
| 2026 YTD | $213.9 | $231.0 | +8% |
PNC has the edge over JPM on returns for 2026, with the stronger performance.