JPM
JPMorgan Chase & Co.
JPM's outlook is improving, though it still trails on the overall score.
TFSL
TFS Financial Corporation
TFSL 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.
TFSL Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| N/A | |
| N/A |
TFSL's profitability is currently strong, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like TFSL.
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.
TFSL PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 43x | $16.38 | — |
| Cheap | 45x | $16.07 | -1.9% |
| Current | 46x | $16.38 | — |
| Fair | 50x | $18.02 | +10% |
| Expensive | 63x | $22.77 | +39% |
Historical ranges are pointers, not guarantees.
TFSL 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.
TFSL Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
TFSL 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.
TFSL Earnings Per Share
TFSL and JPM do not have enough comparable growth data to identify a winner.
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 TFSL 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's operating margin was 40% last quarter, about level with the same quarter a year ago.
TFSL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $89.3M | +8.8% |
| Q1 2026 | $85.2M | +7.7% |
| Q4 2025 | $83.7M | +12% |
| Q3 2025 | $85.5M | +14% |
| Q2 2025 | $82M | +8.6% |
| Q1 2025 | $79.1M | +2.6% |
| Q4 2024 | $74.8M | -0.8% |
| Q3 2024 | $75.1M | -0.4% |
TFSL's revenue has grown year over year for six quarters in a row: $89M last quarter, up 8.8% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 43% | +10 points |
| Q1 2026 | 35% | +1.5 points |
| Q4 2025 | 34% | -3.9 points |
| Q3 2025 | 38% | +7.3 points |
| Q2 2025 | 33% | -0.1 points |
| Q1 2025 | 34% | -0.1 points |
| Q4 2024 | 38% | +3.3 points |
| Q3 2024 | 31% | -0.4 points |
TFSL has the edge over JPM on profitability, with a higher operating margin.
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.
TFSL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $29M | +16% |
| Q1 2026 | $13.4M | -6.2% |
| Q4 2025 | $57.1M | +27% |
| Q3 2025 | -$13.2M | +$46.1M |
| Q2 2025 | $25M | -74% |
| Q1 2025 | $14.3M | +6.6% |
| Q4 2024 | $44.9M | +26% |
| Q3 2024 | -$59.4M | -565% |
TFSL 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 TFSL 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.
TFSL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +242K shares |
| 1 year | +0.1% | +303K shares |
| 3 years | +0.6% | +1.6M shares |
| 5 years | +0.4% | +1.2M shares |
| Available history | +1% | +2.8M shares |
TFSL has 280M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | $1.2M |
| Q1 2026 | $2.1M |
| Q4 2025 | $3M |
| Q3 2025 | $2.5M |
| Q2 2025 | $744,000 |
| Q1 2025 | — |
| Q4 2024 | $767,000 |
| Q3 2024 | $1,000 |
TFSL spent $9M buying back its own shares over the past year, about six times what it spent 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 TFSL on leverage, with a lower net debt burden relative to earnings.
TFSL Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 33.9x | High |
| Q1 2026 | 33.0x | High |
| Q4 2025 | 32.3x | High |
| Q3 2025 | 32.2x | High |
| Q2 2025 | 34.9x | High |
| Q1 2025 | 33.3x | High |
| Q4 2024 | 34.3x | High |
| Q3 2024 | 36.3x | High |
TFSL's net debt is more than 20 years of its operating earnings (EBITDA), down from more than 20 years a year ago. Net leverage isn't a meaningful measure for financial services companies like TFSL.
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).
TFSL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 47.9 | Neutral |
| Stochastic | 16.3 | Oversold |
TFSL's weekly RSI is 48 (neutral) and its Stochastic is 16 (oversold).
JPM PE vs Financial Services Sector
| Metric | JPM | Sector median | Relative |
|---|---|---|---|
| PE | 14x | 13x | 10% above |
| PE % | 76 | 63 | 13 pts above |
JPM has the edge over TFSL on valuation relative to its sector.
TFSL PE vs Financial Services Sector
| Metric | TFSL | Sector median | Relative |
|---|---|---|---|
| PE | 46x | 13x | 249% above |
| PE % | 24 | 63 | 39 pts below |
TFSL is trading at 46x earnings, a 249% premium to the Financial Services sector's median of 13x.
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 TFSL on trend strength, trading above more of its moving averages.
TFSL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $16.5 | 0.5% below |
| 20 week MA | $17.2 | 4.8% below |
| 50 week MA | $15.7 | 4.1% above |
| 100 week MA | $14.4 | 14% above |
| 200 week MA | $13.8 | 19% above |
TFSL has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 19% 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.
TFSL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $19.6 | $17.7 | -9.8% |
| 2021 | $17.7 | $17.7 | +0.2% |
| 2022 | $17.7 | $14.2 | -20% |
| 2023 | $14.2 | $14.7 | +3.7% |
| 2024 | $14.7 | $12.6 | -14% |
| 2025 | $12.6 | $14.0 | +11% |
| 2026 YTD | $14.0 | $16.4 | +17% |
TFSL has the edge over JPM on returns for 2026, with the stronger performance.