This is the standing evidence sheet for JPMorgan Chase & (JPM): the yardsticks BullScope computes from official SEC filings and market prices. It refreshes whenever a new edition of our research is published, and it is impersonal by design, every reader sees the same page. Nothing here is investment advice; it is the evidence, organized.
The price tag: what buyers pay per dollar of profit
Today the market pays about $16.4 for each $1 of JPMorgan Chase &’s annual profit (a price-to-earnings ratio of 16.4). Across its own past decade the typical price tag was 12.1; on that historical distribution, the current reading sits near the 99th percentile — context readers can weigh against their own assumptions about whether the business mix or rate environment justifies a structural re-rating.
The tape: what the stock itself has done
- Last price: $356.39 (end-of-day market data as of the edition date · methodology) · 2% below its 52-week high
- Past 6 months: +19.7% · past 12 months: +22.3%
- Day-to-day temperament: normal (annualized volatility 22%)
The filed record: straight from the annual reports
| Fiscal year | Revenue | Growth | Operating margin | EPS |
|---|---|---|---|---|
| FY2021 | $121.6B | +1.8% | 49.0% | $15.36 |
| FY2022 | $128.7B | +5.8% | 35.9% | $12.09 |
| FY2023 | $158.1B | +22.9% | 39.0% | $16.23 |
| FY2024 | $177.6B | +12.3% | 42.3% | $19.75 |
| FY2025 | $182.4B | +2.8% | 39.8% | $20.02 |
The road ahead: filed results vs published expectations
| FY2023A | FY2024A | FY2025A | FY2026E | FY2027E | |
|---|---|---|---|---|---|
| Net revenue ($B) | 158.1 | 177.6 | 182.4 | 195 to 207 | 195 to 218 |
| Net revenue growth (%) | +12.3 | +12.3 | +2.7 | 6 to 8 (est.) | 4 to 5 |
| Operating margin (%) | 39.0 | 42.3 | 39.8 | 37 to 41 | 36 to 41 |
| Diluted EPS ($) | 16.23 | 19.75 | 20.02 | 21.50 to 25.00 | 18.50 to 26.00 |
| Adjusted EPS (non-GAAP) | n/a | n/a | n/a | 23.00 to 27.00 | 22.00 to 29.00 |
Columns marked A are actual filed results; E columns are the published consensus ranges the current price is being weighed against.
The four gauges: from the latest edition
BullScope coverage of JPMorgan Chase &
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Edition date: 2026-08-14. This page updates when a new edition is published. Sources: SEC EDGAR filings, Nasdaq prices; computed by BullScope’s published methodology.
