JPM
JPMorgan Chase & Co.
JPM has a slight edge over RILY overall, supported by lower modeled downside and stronger modeled upside.
RILY
BRC Group Holdings, Inc.
RILY 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.
RILY Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| N/A | |
| N/A |
RILY'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 RILY.
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 RILY in the historical PE scenario, which offers more potential upside but is not a forecast.
RILY PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 0.6x | $2.10 | -44% |
| Current | 1x | $3.77 | — |
| Fair | 7.7x | $29.01 | +669% |
| Expensive | 26x | $97.75 | +2493% |
Historical ranges are pointers, not guarantees.
RILY's PE is in its cheap range at 1.0x.
JPM Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for JPM, with profitability improving.
RILY Forward outlook
There aren't enough analyst estimates for RILY 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 RILY on earnings, with more consistent year-over-year improvement.
RILY Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $3.76 | -46% |
| Q2 2026 | $12.71 | +$18.00 |
| Q1 2026 | $16.76 | +$40.90 |
| Q4 2025 | $9.80 | +$35.26 |
| Q3 2025 | $7.01 | +$35.68 |
| Q2 2025 | -$5.29 | +$16.52 |
| Q1 2025 | -$24.14 | -$18.23 |
| Q4 2024 | -$25.46 | -$21.77 |
RILY earned $3.76 per share over the past year, down 46% 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 has the edge over RILY on sales, with more consistent year-over-year improvement.
| 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 RILY on profitability, with a higher operating margin.
RILY Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $163.8M | -41% |
| Q2 2026 | $239.1M | +6.1% |
| Q1 2026 | $352.1M | +89% |
| Q4 2025 | $278.4M | +38% |
| Q3 2025 | $277.9M | +39% |
| Q2 2025 | $225.3M | -27% |
| Q1 2025 | $186.1M | -46% |
| Q4 2024 | $201.4M | -41% |
RILY's revenue is growing: $164M last quarter, down 41% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -85% | -109 points |
| Q2 2026 | 16% | +11 points |
| Q1 2026 | 43% | +77 points |
| Q4 2025 | 22% | +99 points |
| Q3 2025 | 24% | +65 points |
| Q2 2025 | 4.8% | +76 points |
| Q1 2025 | -33% | -32 points |
| Q4 2024 | -77% | -64 points |
RILY's operating margin was −85% last quarter, down 109 points from the same quarter a year ago, near the bottom of its range since 2019.
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.
RILY Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $102.4M | +$164.1M |
| Q2 2026 | -$19.4M | +$8.6M |
| Q1 2026 | $37.1M | +$43.6M |
| Q4 2025 | $25.2M | +$29.2M |
| Q3 2025 | -$61.7M | -440% |
| Q2 2025 | -$28M | -126% |
| Q1 2025 | -$6.5M | -105% |
| Q4 2024 | -$4M | -106% |
RILY 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 RILY 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.
RILY Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +4.7% | +1.8M shares |
| 1 year | +31% | +9.6M shares |
| 3 years | +34% | +10.3M shares |
| 5 years | +40% | +11.4M shares |
| Available history | +42% | +11.8M shares |
RILY has 40M diluted shares, up 31% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | $15.8M |
| Q3 2023 | $115,000 |
| Q2 2023 | — |
| Q1 2023 | $53.8M |
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.
RILY Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.8x | Net Cash |
| Q2 2026 | -0.4x | Net Cash |
| Q1 2026 | -0.5x | Net Cash |
| Q4 2025 | 10.8x | High |
| Q1 2024 | 13.5x | High |
| Q4 2023 | 7.7x | High |
| Q3 2023 | 6.0x | High |
| Q2 2023 | 5.3x | High |
RILY has the edge over JPM on leverage, with a lower net debt burden relative to earnings.
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).
RILY Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 30.2 | Neutral |
| Stochastic | 4.5 | Oversold |
RILY's weekly RSI is 30 (neutral) and its Stochastic is 5 (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.
RILY PE vs Financial Services Sector
| Metric | RILY | Sector median | Relative |
|---|---|---|---|
| PE | 1x | 13x | 92% below |
| PE % | 28 | 63 | 35 pts below |
RILY 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 RILY on trend strength, trading above more of its moving averages.
RILY Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $4.47 | 16% below |
| 20 week MA | $6.01 | 37% below |
| 50 week MA | $6.85 | 45% below |
| 100 week MA | $5.68 | 34% below |
| 200 week MA | $16.2 | 77% below |
RILY is in a downtrend: it's below all five of its weekly moving averages, and 77% 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 RILY on returns for 2026, with the stronger performance.
RILY Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $25.1 | $43.1 | +71% |
| 2021 | $43.1 | $81.7 | +90% |
| 2022 | $81.7 | $31.9 | -61% |
| 2023 | $31.9 | $21.0 | -34% |
| 2024 | $21.0 | $4.68 | -78% |
| 2025 | $4.68 | $4.78 | +2.1% |
| 2026 YTD | $4.78 | $3.77 | -21% |
RILY has finished lower in three of the last six years. It's down 21% so far in 2026.