JPM
JPMorgan Chase & Co.
JPM has slightly lower modeled downside risk, despite its lower overall score.
THG
The Hanover Insurance Group, Inc.
THG has a slight edge over JPM overall, supported by 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.
THG Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| N/A | |
| N/A |
THG'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 THG.
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.
THG PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 10x | $219 | -12% |
| Current | 12x | $248 | — |
| Fair | 13x | $273 | +9.9% |
| Forward | 13x | $248 | — |
| Expensive | 17x | $360 | +45% |
Historical ranges are pointers, not guarantees.
THG 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 |
JPM has the edge over THG on the outlook, with more favorable valuation and revenue expectations.
THG Forward outlook
| Metric | Outlook |
|---|---|
| Deteriorating | |
| Growth | |
| Stable | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect THG's earnings to grow and its profitability to improve, with its revenue holding steady.
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.
THG Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $19.65 | -6% |
| Q3 2026 | $20.90 | +21% |
| Q2 2026 | $20.94 | +38% |
| Q1 2026 | $19.86 | +65% |
| Q4 2025 | $18.16 | +55% |
| Q3 2025 | $17.30 | +71% |
| Q2 2025 | $15.20 | +101% |
| Q1 2025 | $12.02 | +167% |
| Q4 2024 | $11.70 | +1094% |
THG 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 THG on profitability, with a higher operating margin.
THG Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.7B | +4.2% |
| Q2 2026 | $1.7B | +4.3% |
| Q1 2026 | $1.7B | +6.1% |
| Q4 2025 | $1.7B | +5.5% |
| Q3 2025 | $1.7B | +6.4% |
| Q2 2025 | $1.7B | +7.7% |
| Q1 2025 | $1.6B | +3.4% |
| Q4 2024 | $1.6B | +3.6% |
THG's revenue has grown year over year for 17 quarters in a row: $1.7B last quarter, up 4.2% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 14% | -0.8 points |
| Q2 2026 | 15% | +1.9 points |
| Q1 2026 | 15% | +3.1 points |
| Q4 2025 | 17% | +1.2 points |
| Q3 2025 | 15% | +5.3 points |
| Q2 2025 | 13% | +6.5 points |
| Q1 2025 | 12% | +2 points |
| Q4 2024 | 16% | +5.7 points |
THG's operating margin was 14% last quarter, down 0.8 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.
THG Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $518M | -6.1% |
| Q2 2026 | $209.4M | +2.2% |
| Q1 2026 | $115.3M | +211% |
| Q4 2025 | $377M | +79% |
| Q3 2025 | $551.4M | +41% |
| Q2 2025 | $204.9M | +49% |
| Q1 2025 | $37.1M | -34% |
| Q4 2024 | $210.5M | +133% |
THG 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 THG 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.
THG Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.3% | -100K shares |
| 1 year | -2.5% | -900K shares |
| 3 years | -1.7% | -600K shares |
| 5 years | -2.2% | -800K shares |
| Available history | -13% | -5.1M shares |
THG has 36M diluted shares, down 2.5% from a year ago, with $283M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $86.4M |
| Q2 2026 | $55M |
| Q1 2026 | $86.9M |
| Q4 2025 | $54.6M |
| Q3 2025 | $36M |
| Q2 2025 | $27.6M |
| Q1 2025 | $11M |
| Q3 2023 | — |
THG spent $283M buying back its own shares over the past year.
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.
THG Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.3x | Very low |
| Q2 2026 | 0.6x | Very low |
| Q1 2026 | 0.6x | Very low |
| Q4 2025 | 0.1x | Very low |
| Q3 2025 | 0.4x | Very low |
| Q2 2025 | 0.7x | Very low |
| Q1 2025 | 0.7x | Very low |
| Q4 2024 | 0.5x | Very low |
THG 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).
THG Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 73.1 | Overbought |
| Stochastic | 82.0 | Overbought |
THG's weekly RSI is 73 (overbought) and its Stochastic is 82 (overbought).
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.
THG PE vs Financial Services Sector
| Metric | THG | Sector median | Relative |
|---|---|---|---|
| PE | 12x | 13x | 8.8% below |
| PE % | 36 | 63 | 27 pts below |
THG 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.
THG Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $232.5 | 6.7% above |
| 20 week MA | $227.3 | 9.1% above |
| 50 week MA | $200.1 | 24% above |
| 100 week MA | $184.1 | 35% above |
| 200 week MA | $156.4 | 59% above |
THG has the edge over JPM on trend strength, trading above more of its moving averages.
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.
THG Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $136.4 | $116.1 | -15% |
| 2021 | $116.1 | $127.7 | +10% |
| 2022 | $127.7 | $137.4 | +7.6% |
| 2023 | $137.4 | $121.4 | -12% |
| 2024 | $121.4 | $154.3 | +27% |
| 2025 | $154.3 | $184.2 | +19% |
| 2026 YTD | $184.2 | $248.0 | +35% |
THG has the edge over JPM on returns for 2026, with the stronger performance.