JPM
JPMorgan Chase & Co.
JPM has the edge over WASH overall, supported by stronger fundamentals and lower modeled downside.
WASH
Washington Trust Bancorp, Inc.
WASH offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
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.
WASH Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Strong | |
| N/A | |
| N/A |
WASH's profitability is currently strong. There isn't enough data to rate its revenue. Free cash flow and net leverage aren't meaningful measures for financial services companies like WASH.
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 WASH in the historical PE scenario, which offers more potential upside but is not a forecast.
WASH PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 8.7x | $29.19 | -25% |
| Fair | 11x | $38.02 | -2.4% |
| Forward | 11x | $38.95 | — |
| Current | 12x | $38.95 | — |
| Expensive | 13x | $42.85 | +10% |
Historical ranges are pointers, not guarantees.
WASH's PE is in its fair range at 12x. If earnings grow as analysts expect, today's price would be 11x 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.
WASH Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Low |
WASH 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% |
WASH has the stronger earnings trend. Trailing diluted EPS is up 18% for JPM versus WASH up 25%.
WASH Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.52 | +5.4% |
| Q3 2024 | $2.68 | -11% |
| Q2 2024 | $2.69 | -22% |
| Q1 2024 | $2.72 | -30% |
| Q4 2023 | $2.82 | -31% |
| Q3 2023 | $3.00 | -30% |
| Q2 2023 | $3.43 | -20% |
| Q1 2023 | $3.91 | -6% |
| Q4 2022 | $4.11 | -6.4% |
WASH's earnings per share have fallen from their peak: $3.34 over the past year, against $4.51 in early 2021.
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 WASH 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 WASH on profitability, with a higher operating margin.
WASH Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $65M | +15% |
| Q2 2026 | $60.5M | +11% |
| Q1 2026 | $57.8M | -2.1% |
| Q3 2025 | $56.5M | +16% |
| Q2 2025 | $54.3M | +12% |
| Q1 2025 | $59.1M | +21% |
| Q3 2024 | $48.5M | -0.9% |
| Q2 2024 | $48.2M | +0.9% |
WASH's revenue is growing: $65M last quarter, up 15% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 38% | +13 points |
| Q2 2026 | 34% | +2 points |
| Q1 2026 | 28% | +1.3 points |
| Q4 2025 | 35% | N/A |
| Q3 2025 | 25% | -3.8 points |
| Q2 2025 | 32% | +2.9 points |
| Q1 2025 | 27% | -1.7 points |
| Q3 2024 | 29% | -0.3 points |
WASH's operating margin was 38% last quarter, up 13 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.
WASH Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $20.4M | -48% |
| Q2 2026 | $22M | +101% |
| Q1 2026 | $14.8M | +77% |
| Q3 2025 | $39.3M | +61% |
| Q2 2025 | $10.9M | +14% |
| Q1 2025 | $8.4M | +533% |
| Q3 2024 | $24.4M | -17% |
| Q2 2024 | $9.6M | +$32.4M |
WASH 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 WASH 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.
WASH Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.3% | +60K shares |
| 1 year | +0.1% | +21K shares |
| 3 years | +13% | +2.2M shares |
| 5 years | +10% | +1.8M shares |
| Available history | +10% | +1.8M shares |
WASH has 19M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q4 2025 | $629,000 |
| Q3 2025 | $6.4M |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | $73,000 |
| Q3 2023 | — |
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 WASH on leverage, with a lower net debt burden relative to earnings.
WASH Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 4.2x | High |
| Q2 2026 | 5.8x | High |
| Q1 2026 | 7.7x | High |
| Q4 2025 | 8.4x | High |
| Q3 2024 | 18.7x | High |
| Q2 2024 | 24.6x | High |
| Q1 2024 | 19.3x | High |
| Q4 2023 | 18.0x | High |
WASH's net debt is about 4.2 years of its operating earnings (EBITDA), down from 19 years a year ago. Net leverage isn't a meaningful measure for financial services companies like WASH.
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).
WASH Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 58.1 | Neutral |
| Stochastic | 52.2 | Neutral |
WASH's weekly RSI is 58 (neutral) and its Stochastic is 52 (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.
WASH PE vs Financial Services Sector
| Metric | WASH | Sector median | Relative |
|---|---|---|---|
| PE | 12x | 13x | 10% below |
| PE % | 56 | 63 | 7 pts below |
WASH 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.
WASH Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $38.3 | 1.6% above |
| 20 week MA | $38.5 | 1.2% above |
| 50 week MA | $35.1 | 11% above |
| 100 week MA | $32.1 | 21% above |
| 200 week MA | $31.2 | 25% above |
WASH 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.
WASH Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $54.0 | $44.3 | -18% |
| 2021 | $44.3 | $56.4 | +27% |
| 2022 | $56.4 | $47.6 | -16% |
| 2023 | $47.6 | $32.4 | -32% |
| 2024 | $32.4 | $30.8 | -5% |
| 2025 | $30.8 | $30.2 | -1.8% |
| 2026 YTD | $30.2 | $39.0 | +29% |
WASH has the edge over JPM on returns for 2026, with the stronger performance.