JPM
JPMorgan Chase & Co.
JPM has lower modeled downside risk, despite its lower overall score.
WFC
Wells Fargo & Company
WFC has the 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.
WFC Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| N/A | |
| N/A |
WFC'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 WFC.
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 WFC in the historical PE scenario, which offers more potential upside but is not a forecast.
WFC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 10x | $73.84 | -14% |
| Forward | 11x | $85.76 | — |
| Fair | 12x | $87.32 | +1.8% |
| Current | 12x | $85.76 | — |
| Expensive | 15x | $108 | +26% |
Historical ranges are pointers, not guarantees.
WFC'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, in its cheap range.
JPM Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for JPM, with profitability improving.
WFC Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
WFC 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.
WFC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $7.81 | +10% |
| Q3 2026 | $7.08 | +17% |
| Q2 2026 | $6.87 | +18% |
| Q1 2026 | $6.47 | +16% |
| Q4 2025 | $6.26 | +17% |
| Q3 2025 | $6.07 | +26% |
| Q2 2025 | $5.83 | +19% |
| Q1 2025 | $5.56 | +16% |
| Q4 2024 | $5.37 | +11% |
WFC 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 has the edge over WFC 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 WFC on profitability, with a higher operating margin.
WFC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $21.9B | +2% |
| Q2 2026 | $22.6B | +8.6% |
| Q1 2026 | $21.4B | +6.4% |
| Q4 2025 | $21.3B | +4.5% |
| Q3 2025 | $21.4B | +5.3% |
| Q2 2025 | $20.8B | +0.6% |
| Q1 2025 | $20.1B | -3.4% |
| Q4 2024 | $20.4B | -0.5% |
WFC's revenue has grown year over year for six quarters in a row: $21.9B last quarter, up 2% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 32% | +0.2 points |
| Q2 2026 | 36% | +4.6 points |
| Q1 2026 | 28% | +1.5 points |
| Q4 2025 | 31% | +4.2 points |
| Q3 2025 | 32% | +1.6 points |
| Q2 2025 | 31% | +1.2 points |
| Q1 2025 | 26% | -0.4 points |
| Q4 2024 | 26% | +9.8 points |
WFC's operating margin was 32% last quarter, about level with 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.
WFC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $8.9B | +$9.7B |
| Q2 2026 | $6.8B | +$18B |
| Q1 2026 | $9.1B | +$20.2B |
| Q4 2025 | $4.1B | -54% |
| Q3 2025 | -$869M | -121% |
| Q2 2025 | -$11.2B | -647% |
| Q1 2025 | -$11B | +$1.1B |
| Q4 2024 | $8.9B | -51% |
WFC 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 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.
WFC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.8% | -23.1M shares |
| 1 year | -5.3% | -172M shares |
| 3 years | -17% | -629M shares |
| 5 years | -25% | -1B shares |
| Available history | -31% | -1.4B shares |
WFC has the edge over JPM on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $2.5B |
| Q2 2026 | $3B |
| Q1 2026 | $4B |
| Q4 2025 | $5B |
| Q3 2025 | $6B |
| Q2 2025 | $3B |
| Q1 2025 | $3.5B |
| Q4 2024 | $4B |
WFC spent $14.5B buying back its own shares over the past year, down 12% 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 has the edge over WFC on leverage, with a lower net debt burden relative to earnings.
WFC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 5.1x | High |
| Q2 2026 | 4.7x | High |
| Q1 2026 | 5.5x | High |
| Q4 2025 | 4.7x | High |
| Q3 2025 | 11.8x | High |
| Q2 2025 | 10.7x | High |
| Q1 2025 | 9.1x | High |
| Q4 2024 | 7.9x | High |
WFC's net debt is about 5.1 years of its operating earnings (EBITDA), down from 12 years a year ago. Net leverage isn't a meaningful measure for financial services companies like WFC.
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).
WFC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 52.7 | Neutral |
| Stochastic | 45.5 | Neutral |
WFC's weekly RSI is 53 (neutral) and its Stochastic is 46 (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.
WFC PE vs Financial Services Sector
| Metric | WFC | Sector median | Relative |
|---|---|---|---|
| PE | 12x | 13x | 7% below |
| PE % | 46 | 63 | 17 pts below |
WFC 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.
WFC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $83.3 | 3% above |
| 20 week MA | $85.6 | 0.2% above |
| 50 week MA | $84.9 | 1.1% above |
| 100 week MA | $81.0 | 5.9% above |
| 200 week MA | $65.9 | 30% above |
WFC 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 the edge over WFC on returns for 2026, with the stronger performance.
WFC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $53.9 | $29.8 | -45% |
| 2021 | $29.8 | $48.4 | +62% |
| 2022 | $48.4 | $41.0 | -15% |
| 2023 | $41.0 | $49.2 | +20% |
| 2024 | $49.2 | $71.1 | +44% |
| 2025 | $71.1 | $95.3 | +34% |
| 2026 YTD | $95.3 | $85.8 | -10% |
WFC has finished higher in four of the last six years. It's down 10% so far in 2026.