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.
RAND
Rand Capital Corporation
There isn't enough reported data to score RAND 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.
RAND Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Healthy | |
| N/A | |
| N/A |
RAND's profitability is currently healthy, but its revenue is under pressure. Free cash flow and net leverage aren't meaningful measures for financial services companies like RAND.
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 RAND in the historical PE scenario, which offers more potential upside but is not a forecast.
RAND PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 3.4x | $3.55 | -63% |
| Fair | 5.5x | $5.69 | -41% |
| Current | 9.4x | $9.65 | — |
| Expensive | 11x | $11.63 | +21% |
Historical ranges are pointers, not guarantees.
RAND's PE is 9.4x, 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.
RAND Forward outlook
There aren't enough analyst estimates for RAND 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 has the edge over RAND on earnings, with more consistent year-over-year improvement.
RAND Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $1.03 | +$5.23 |
| Q2 2026 | -$0.04 | +$2.39 |
| Q1 2026 | -$3.10 | -198% |
| Q4 2025 | -$2.69 | -179% |
| Q3 2025 | -$4.20 | -184% |
| Q2 2025 | -$2.43 | -158% |
| Q1 2025 | $3.17 | +42% |
| Q4 2024 | $3.42 | +35% |
RAND has returned to profit: it earned $1.03 per share over the past year, after losing money 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 has the stronger quarterly revenue trend. Revenue is up 8.1% for JPM versus down 35% for RAND.
| 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.
RAND Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2022 | $868.6K | -35% |
| Q3 2022 | $1.4M | -46% |
| Q3 2021 | $2.6M | +358% |
| Q2 2021 | $4.8M | +540% |
| Q1 2021 | $1.3M | -49% |
RAND's revenue has slid since its 2021 peak: $868,583 last quarter, down 35% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q4 2022 | 64% | +9.1 points |
| Q3 2022 | 82% | -7.3 points |
| Q4 2021 | 55% | N/A |
| Q3 2021 | 89% | +43 points |
| Q2 2021 | 93% | +37 points |
| Q1 2021 | 614% | +529 points |
| Q3 2020 | 46% | N/A |
| Q2 2020 | 56% | N/A |
RAND's operating margin was 64% last quarter, down 28 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 has the edge over RAND on cash flow, with more consistent year-over-year improvement.
RAND Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $754.5K | -87% |
| Q2 2026 | -$3.6M | -1147% |
| Q1 2026 | -$3.5M | -146% |
| Q4 2025 | -$2.8M | -453% |
| Q3 2025 | $5.9M | -61% |
| Q2 2025 | $347.7K | -92% |
| Q1 2025 | $7.7M | +$12.6M |
| Q4 2024 | $782.1K | +$1.8M |
RAND's free cash flow was −$9M over the past year, against $15M the year before. Free cash flow isn't a meaningful measure for financial services companies like RAND.
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 RAND 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.
RAND Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | 0% | -- |
| 3 years | +15% | +389K shares |
| 5 years | +15% | +388K shares |
| Available history | +82% | +1.3M shares |
RAND has 3M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q4 2022 | — |
| Q3 2022 | — |
| Q2 2022 | — |
| Q1 2022 | — |
| Q4 2021 | — |
| Q3 2021 | $20,771 |
| Q2 2021 | — |
| Q1 2021 | — |
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.
RAND Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2022 | -1.3x | Net Cash |
| Q1 2022 | -0.1x | Net Cash |
| Q4 2021 | -0.1x | Net Cash |
| Q3 2021 | -0.2x | Net Cash |
| Q2 2021 | -0.2x | Net Cash |
| Q1 2021 | -0.5x | Net Cash |
| Q4 2020 | -3.8x | Net Cash |
| Q3 2020 | -1.8x | Net Cash |
RAND has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like RAND.
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).
RAND Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 41.0 | Neutral |
| Stochastic | 21.8 | Neutral |
RAND's weekly RSI is 41 (neutral) and its Stochastic is 22 (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.
RAND PE vs Financial Services Sector
| Metric | RAND | Sector median | Relative |
|---|---|---|---|
| PE | 9.4x | 13x | 28% below |
| PE % | 79 | 63 | 16 pts above |
RAND 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 RAND on trend strength, trading above more of its moving averages.
RAND Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.80 | 1.5% below |
| 20 week MA | $10.1 | 4.7% below |
| 50 week MA | $10.9 | 12% below |
| 100 week MA | $14.3 | 33% below |
| 200 week MA | $14.4 | 33% below |
RAND is in a downtrend: it's below all five of its weekly moving averages, and 33% 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 RAND on returns for 2026, with the stronger performance.
RAND Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $25.1 | $15.6 | -38% |
| 2021 | $15.6 | $16.8 | +7.8% |
| 2022 | $16.8 | $14.0 | -17% |
| 2023 | $14.0 | $13.0 | -6.9% |
| 2024 | $13.0 | $18.2 | +40% |
| 2025 | $18.2 | $11.2 | -39% |
| 2026 YTD | $11.2 | $9.65 | -14% |
RAND has finished lower in four of the last six years. It's down 14% so far in 2026.