JPM
JPMorgan Chase & Co.
JPM has slightly lower modeled downside risk, despite its lower overall score.
SMBK
SmartFinancial, Inc.
SMBK 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.
SMBK Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
SMBK's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like SMBK.
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 SMBK in the historical PE scenario, which offers more potential upside but is not a forecast.
SMBK PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9.4x | $34.51 | -28% |
| Fair | 12x | $45.28 | -5.4% |
| Forward | 12x | $47.88 | — |
| Current | 13x | $47.88 | — |
| Expensive | 15x | $54.93 | +15% |
Historical ranges are pointers, not guarantees.
SMBK's PE is in its fair range at 13x. If earnings grow as analysts expect, today's price would be 12x next year's earnings.
JPM Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for JPM, with profitability improving.
SMBK Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
SMBK 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.
SMBK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.01 | +9% |
| Q3 2026 | $3.68 | +34% |
| Q2 2026 | $3.39 | +37% |
| Q1 2026 | $3.12 | +38% |
| Q4 2025 | $2.98 | +39% |
| Q3 2025 | $2.74 | +41% |
| Q2 2025 | $2.47 | +63% |
| Q1 2025 | $2.26 | +45% |
| Q4 2024 | $2.14 | +27% |
SMBK 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 SMBK on profitability, with a higher operating margin.
SMBK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $57.5M | +13% |
| Q2 2026 | $56M | +14% |
| Q1 2026 | $53.8M | +15% |
| Q4 2025 | $53.3M | +14% |
| Q3 2025 | $51.1M | +16% |
| Q2 2025 | $49.2M | +22% |
| Q1 2025 | $46.8M | +17% |
| Q4 2024 | $46.8M | +20% |
SMBK has the edge over JPM on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 36% | +2.4 points |
| Q2 2026 | 37% | +7.7 points |
| Q1 2026 | 31% | +2.2 points |
| Q4 2025 | 31% | +4.9 points |
| Q3 2025 | 33% | +8.9 points |
| Q2 2025 | 29% | +3.4 points |
| Q1 2025 | 29% | -0.9 points |
| Q4 2024 | 26% | +6.4 points |
SMBK's operating margin was 36% last quarter, up 2.4 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.
SMBK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$13.1M | -179% |
| Q2 2026 | $22.5M | +70% |
| Q1 2026 | $10.2M | -24% |
| Q4 2025 | $16.2M | +5.4% |
| Q3 2025 | $16.6M | +46% |
| Q2 2025 | $13.2M | -14% |
| Q1 2025 | $13.4M | +221% |
| Q4 2024 | $15.4M | +62% |
SMBK 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 SMBK 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.
SMBK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +32.8K shares |
| 1 year | +0.5% | +85.7K shares |
| 3 years | +0.4% | +75.9K shares |
| 5 years | +8.3% | +1.3M shares |
| Available history | +21% | +2.9M shares |
SMBK has 17M diluted shares, up 0.5% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2024 | — |
| Q3 2024 | $1,000 |
| Q4 2021 | — |
| Q3 2021 | — |
| Q2 2021 | $1,000 |
| Q1 2021 | $1.2M |
| Q4 2020 | $2.2M |
| Q3 2020 | — |
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.
SMBK Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -4.6x | Net Cash |
| Q2 2026 | -4.9x | Net Cash |
| Q1 2026 | -4.8x | Net Cash |
| Q4 2025 | -5.3x | Net Cash |
| Q3 2025 | -8.5x | Net Cash |
| Q2 2025 | -6.0x | Net Cash |
| Q1 2025 | -7.5x | Net Cash |
| Q4 2024 | -6.2x | Net Cash |
SMBK 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).
SMBK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 49.7 | Neutral |
| Stochastic | 9.2 | Oversold |
SMBK's weekly RSI is 50 (neutral) and its Stochastic is 9 (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.
SMBK PE vs Financial Services Sector
| Metric | SMBK | Sector median | Relative |
|---|---|---|---|
| PE | 13x | 13x | 0.1% below |
| PE % | 58 | 63 | 5 pts below |
SMBK 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 SMBK on trend strength, trading above more of its moving averages.
SMBK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $49.5 | 3.2% below |
| 20 week MA | $50.1 | 4.5% below |
| 50 week MA | $44.4 | 7.8% above |
| 100 week MA | $39.0 | 23% above |
| 200 week MA | $31.8 | 51% above |
SMBK has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 51% 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.
SMBK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $23.7 | $18.0 | -24% |
| 2021 | $18.0 | $27.8 | +54% |
| 2022 | $27.8 | $27.8 | 0% |
| 2023 | $27.8 | $24.5 | -12% |
| 2024 | $24.5 | $31.1 | +27% |
| 2025 | $31.1 | $37.8 | +22% |
| 2026 YTD | $37.8 | $47.9 | +27% |
SMBK has the edge over JPM on returns for 2026, with the stronger performance.