JPM
JPMorgan Chase & Co.
JPM has lower modeled downside risk, despite its lower overall score.
SHG
Shinhan Financial Group Co., Ltd.
SHG has a slight 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.
SHG Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
SHG's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like SHG.
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's PE is in its expensive range at 14.4x. If earnings grow as analysts expect, today's price would be 13.7x next year's earnings.
SHG PE Valuation
SHG has no meaningful PE right now: it lost money over the past year.
JPM Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for JPM, with profitability improving.
SHG Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for SHG, with profitability improving.
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 SHG on earnings, with stronger typical year-over-year growth.
SHG Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $8.36 | +22% |
| Q1 2026 | $7.72 | +17% |
| Q4 2025 | $7.42 | +18% |
| Q3 2025 | $7.14 | +9.5% |
| Q2 2025 | $6.88 | +9.2% |
| Q1 2025 | $6.61 | +9.1% |
| Q4 2024 | $6.31 | +3.8% |
| Q3 2024 | $6.52 | +13% |
SHG's earnings per share have climbed steadily: $8.36 over the past year, up 22% from the year before, and higher year over year for eight quarters in a row.
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 SHG 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 SHG on profitability, with a higher operating margin.
SHG Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $7.5B | +13% |
| Q1 2026 | $6.5B | +2% |
| Q4 2025 | $6.6B | -2.6% |
| Q3 2025 | $6.3B | -4.6% |
| Q2 2025 | $6.6B | +0.1% |
| Q1 2025 | $6.4B | -0.9% |
| Q4 2024 | $6.8B | -1.7% |
| Q3 2024 | $6.6B | +5.6% |
SHG's revenue grew through 2023 and has held roughly level since: $7.5B last quarter, up 13% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 36% | +13 points |
| Q1 2026 | 25% | +2 points |
| Q4 2025 | 10% | +3.6 points |
| Q3 2025 | 23% | +3.2 points |
| Q2 2025 | 23% | +2.3 points |
| Q1 2025 | 23% | +2.7 points |
| Q4 2024 | 6.6% | -1.9 points |
| Q3 2024 | 20% | +1 points |
SHG's operating margin was 36% last quarter, up 13 points from the same quarter a year ago, near the top 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.
SHG Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$350.4M | +$3B |
| Q1 2026 | $9.8B | +107% |
| Q4 2025 | -$3.8B | -$504.2M |
| Q3 2025 | $9.2B | +86% |
| Q2 2025 | -$3.3B | -$2.1B |
| Q1 2025 | $4.8B | +$5.8B |
| Q4 2024 | -$3.3B | +$379.3M |
| Q3 2024 | $4.9B | +$9.7B |
SHG 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 SHG 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.
SHG Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -867K shares |
| 1 year | -1.2% | -5.8M shares |
| 3 years | -7.5% | -39.1M shares |
| 5 years | -9.8% | -52.5M shares |
| Available history | +0.1% | +662K shares |
SHG has 482M diluted shares, down 1.2% from a year ago, with $974M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q2 2026 | $228.1M |
| Q1 2026 | $296.4M |
| Q4 2025 | $251.8M |
| Q3 2025 | $197.8M |
| Q2 2025 | $280.1M |
| Q1 2025 | $207M |
| Q4 2024 | $187.3M |
| Q3 2024 | $112.5M |
SHG spent $974M buying back its own shares over the past year, up 24% 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 SHG on leverage, with a lower net debt burden relative to earnings.
SHG Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 11.0x | High |
| Q1 2026 | 12.4x | High |
| Q4 2025 | 14.0x | High |
| Q3 2025 | 12.3x | High |
| Q2 2025 | 13.5x | High |
| Q1 2025 | 13.0x | High |
| Q4 2024 | 14.9x | High |
| Q3 2024 | 13.5x | High |
SHG's net debt is about 11 years of its operating earnings (EBITDA), down from 13 years a year ago. Net leverage isn't a meaningful measure for financial services companies like SHG.
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).
SHG Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.3 | Neutral |
| Stochastic | 4.9 | Oversold |
SHG's weekly RSI is 40 (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.
SHG PE vs Financial Services Sector
| Metric | SHG | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 13x | — |
SHG has no meaningful PE right now: it lost money over the past year.
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 SHG on trend strength, trading above more of its moving averages.
SHG Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $70.5 | 9.5% below |
| 20 week MA | $73.4 | 13% below |
| 50 week MA | $66.6 | 4.2% below |
| 100 week MA | $54.3 | 17% above |
| 200 week MA | $43.3 | 47% above |
SHG has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 47% 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.
SHG Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $39.6 | $30.4 | -23% |
| 2021 | $30.4 | $32.0 | +5.4% |
| 2022 | $32.0 | $29.3 | -8.4% |
| 2023 | $29.3 | $30.8 | +5.1% |
| 2024 | $30.8 | $33.2 | +7.8% |
| 2025 | $33.2 | $54.0 | +63% |
| 2026 YTD | $54.0 | $63.8 | +18% |
SHG has the edge over JPM on returns for 2026, with the stronger performance.