JPM
JPMorgan Chase & Co.
JPM's outlook is improving, though it still trails on the overall score.
STT
State Street Corporation
STT has the edge over JPM overall, supported by stronger modeled upside and stronger valuation.
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.
STT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
STT's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like STT.
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.
STT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 10x | $122 | -30% |
| Forward | 12x | $174 | — |
| Fair | 13x | $153 | -12% |
| Current | 14x | $174 | — |
| Expensive | 15x | $183 | +5.6% |
Historical ranges are pointers, not guarantees.
STT has the edge over JPM in the historical PE scenario, which offers more potential upside but is not a forecast.
JPM Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for JPM, with profitability improving.
STT Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
STT 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.
STT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $14.95 | +22% |
| Q3 2026 | $12.24 | +30% |
| Q2 2026 | $11.33 | +27% |
| Q1 2026 | $9.85 | +11% |
| Q4 2025 | $9.40 | +14% |
| Q3 2025 | $9.42 | +47% |
| Q2 2025 | $8.90 | +65% |
| Q1 2025 | $8.88 | +64% |
| Q4 2024 | $8.21 | +47% |
STT 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 STT on profitability, with a higher operating margin.
STT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4B | +13% |
| Q2 2026 | $4B | +17% |
| Q1 2026 | $3.8B | +16% |
| Q4 2025 | $3.7B | +7.4% |
| Q3 2025 | $3.5B | +6.1% |
| Q2 2025 | $3.4B | +8.1% |
| Q1 2025 | $3.3B | +4.7% |
| Q4 2024 | $3.4B | +12% |
STT has the edge over JPM on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 35% | +3.6 points |
| Q2 2026 | 34% | +8.5 points |
| Q1 2026 | 26% | +0.5 points |
| Q4 2025 | 25% | -3.1 points |
| Q3 2025 | 31% | +3.4 points |
| Q2 2025 | 26% | -2.8 points |
| Q1 2025 | 25% | +6 points |
| Q4 2024 | 28% | +22 points |
STT's operating margin was 35% last quarter, up 3.6 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.
STT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.9B | -75% |
| Q2 2026 | -$3B | +$5.8B |
| Q1 2026 | -$12.4B | -672% |
| Q4 2025 | $9.8B | +$17.5B |
| Q3 2025 | $7.7B | +210% |
| Q2 2025 | -$8.8B | -$903M |
| Q1 2025 | $2.2B | +$3.2B |
| Q4 2024 | -$7.7B | -299% |
STT's free cash flow was −$3.7B over the past year, against −$6.6B the year before. Free cash flow isn't a meaningful measure for financial services companies like STT.
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 2.7B diluted shares, down 3.1% from a year ago, with $24.5B in buybacks over the past year.
| 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.
STT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.6% | -1.8M shares |
| 1 year | -3.1% | -8.9M shares |
| 3 years | -12% | -38M shares |
| 5 years | -21% | -74.2M shares |
| Available history | -25% | -94.4M shares |
STT has 279M diluted shares, down 3.1% from a year ago, with $1.6B in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $400M |
| Q2 2026 | $400M |
| Q1 2026 | $400M |
| Q4 2025 | $400M |
| Q3 2025 | $400M |
| Q2 2025 | $300M |
| Q1 2025 | $100M |
| Q4 2024 | $550M |
STT spent $1.6B buying back its own shares over the past year, up 19% 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'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.
STT Net Leverage
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).
STT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 53.5 | Neutral |
| Stochastic | 33.4 | Neutral |
STT's weekly RSI is 54 (neutral) and its Stochastic is 33 (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.
STT PE vs Financial Services Sector
| Metric | STT | Sector median | Relative |
|---|---|---|---|
| PE | 14x | 13x | 9% above |
| PE % | 75 | 63 | 12 pts above |
STT 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.
STT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $171.9 | 1.1% above |
| 20 week MA | $180.3 | 3.6% below |
| 50 week MA | $155.2 | 12% above |
| 100 week MA | $129.0 | 35% above |
| 200 week MA | $103.2 | 68% above |
STT's trend is mixed: it's above four of its five weekly moving averages, and 68% 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.
STT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $80.1 | $71.8 | -10% |
| 2021 | $71.8 | $93.0 | +30% |
| 2022 | $93.0 | $77.5 | -17% |
| 2023 | $77.5 | $77.5 | 0% |
| 2024 | $77.5 | $98.6 | +27% |
| 2025 | $98.6 | $132.3 | +34% |
| 2026 YTD | $132.3 | $173.7 | +31% |
STT has the edge over JPM on returns for 2026, with the stronger performance.