JPMorgan Chase Net Income vs. Target Price
| JPM Stock | USD 283.44 0.55 0.19% |
Net Income | First Reported 1985-09-30 | Previous Quarter 14.4 B | Current Value 13 B | Quarterly Volatility 4.3 B |
Macro event markers
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.52 | 0.5991 |
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The view summarizes JPMorgan Chase profitability using ratios that relate earnings to revenue, assets, and equity.
Revenue Breakdown by Segment
JPMorgan Chase generates revenue across 4 reported product segments. JPMorgan Chase's revenue is anchored by Consumer & Community Banking (19.4 Billion, 41.5%), followed by Commercial And Investment Bank (19.38 Billion, 41.4%). JPMorgan Chase's product mix shows a clear leader but retains enough breadth to absorb segment-specific headwinds.
Risk vs Return Analysis.
Macro event markers
JPMorgan Chase Revenue by Earnings Segment Snapshot
The pie chart below visualizes JPMorgan Chase's revenue allocation across its reported product segments. Segment Reporting, Reconciling Item, Corporate Nonsegment rounds out the mix at 3.2%, representing JPMorgan Chase's smallest reported product line.
Earnings estimates provide context for forward-looking performance discussion. This view provides informational context for JPMorgan Chase earnings expectations over time.
Quarterly Earnings Growth -0.04 | Dividend Share 5.8 | Earnings Share 20.01 | Revenue Per Share | Quarterly Revenue Growth 0.025 |
Investors evaluate JPMorgan Chase using market value and book value, each describing different facets of the business. JPMorgan Chase's market capitalization is 764.45 B. JPMorgan Chase P/B of 2.23 shows the market assigns a modest premium over accounting equity. Enterprise value stands at 522.78 B. Intrinsic value represents an estimate of underlying worth and can differ from both market price and book value. Valuation methods compare these perspectives to frame context.
Note that JPMorgan Chase's intrinsic value and market price are different measures derived from different inputs. For JPMorgan Chase, key inputs include a P/E ratio of 11.54, a P/B ratio of 2.23, a profit margin of 33.91%, and ROE of 16.13%. JPMorgan Chase's market quotation reflects the latest level where a willing buyer met a willing seller.
JPMorgan Chase Target Price vs. Net Income Fundamental Analysis
Sector-based pricing multiples position JPMorgan Chase within its competitive valuation range. JPMorgan Chase Co takes the leading position in net income compared to key competitors. It also takes the leading position in target price compared to key competitors . The spread between Net Income and Target Price for JPMorgan Chase Co sits at 164,683,485 . According to the latest estimates, Net Income is gaining momentum with a magnitude of about 4.76%. Year-ago financials show JPMorgan Chase with Net Income of 57.05 Billion. Multiples-driven valuation aligns JPMorgan Chase with peer performance.JPMorgan Target Price vs. Net Income
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
JPMorgan Chase |
| = | 56.78 B |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
JPMorgan Chase | = | 344.78 |
JPMorgan Target Price Comparison
JPMorgan Chase is currently under evaluation in target price compared to key competitors.
JPMorgan Chase Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in JPMorgan Chase, profitability is also one of the essential criteria for including it into their portfolios because, without profit, JPMorgan Chase will eventually generate negative long term returns. The profitability progress is the general direction of JPMorgan Chase's change in net profit over the period of time. It can combine multiple indicators of JPMorgan Chase, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | -4.3 B | -4.1 B | |
| Operating Income | 72.6 B | 76.2 B | |
| Net Income | 56.8 B | 59.6 B | |
| Income Tax Expense | 15.5 B | 16.3 B | |
| Income Before Tax | 72.6 B | 76.2 B | |
| Total Other Income Expense Net | -11 B | -11.5 B | |
| Net Income Applicable To Common Shares | 55.7 B | 58.5 B | |
| Net Income From Continuing Ops | 57 B | 36.4 B | |
| Net Interest Income | 95.4 B | 70.3 B | |
| Interest Income | 193.3 B | 110.6 B | |
| Change To Netincome | 26.7 B | 28.1 B | |
| Net Income Per Share | 20.46 | 21.48 | |
| Income Quality | 1.78 | 1.87 | |
| Net Income Per E B T | 0.79 | 0.61 |
JPMorgan Profitability Driver Comparison
The profitability drivers of JPMorgan Chase are among the most important inputs for investors evaluating its long-term potential. A wide range of unpredictable external events can affect earnings and create sudden volatility in JPMorgan Chase's market value and investment attractiveness.
Earnings Estimation Breakdown
Analyst consensus for JPMorgan Chase Co places the projected EPS at 5.5 for the upcoming period. This estimate is bounded by a low of 5.0165 and a high of 6.01 across all analyst models covering JPMorgan Chase. Trailing twelve-month reporting data forms the basis of this projection, with non-recurring items excluded from the calculation.Last Reported EPS
5.02 Lowest | Expected EPS | 6.01 Highest |
Earnings Projection Consensus
Valuation signals derived from JPMorgan Chase's consensus EPS estimate versus market price offer a directional view of relative attractiveness. A positive gap may indicate room for repricing toward the estimate; a negative gap may suggest the market has already priced in growth fully. These scenarios should be reviewed within the context of earnings quality, sector dynamics, and macroeconomic conditions.
| Number of Analysts | Historical Accuracy | Last Reported EPS | Estimated EPS for 31st of March 2026 | Current EPS (TTM) | |
| 26 | 88.63% | 4.63 | 5.5 | 20.01 |
Earnings History
Analyst earnings forecasts for JPMorgan Chase are built from detailed financial models and direct company interaction through earnings calls and investor days. When actual EPS aligns with or exceeds consensus, it generally reinforces positive market sentiment. We recommend pairing this consensus view with peer comparisons and historical EPS accuracy data.JPMorgan Chase Quarterly Gross Profit | 41.14 Billion |
The mean reversion framework for JPMorgan Chase is built on the premise that markets are not perfectly efficient and that prices periodically overshoot their intrinsic value in both directions.
Earnings per Share Projection vs Actual
Actual EPS for JPMorgan Chase is reported directly from its income statement at each quarterly disclosure event. Analyst-projected EPS for JPMorgan Chase Co represents the consensus expectation for what JPMorgan Chase will earn in future quarters. A rising EPS trend generally signals improving profitability; the weighted average adjusts for changes in share count through the period.Estimated Months Earnings per Share
EPS is a cornerstone metric for income-focused investors in JPMorgan Chase, offering a direct read on per-share profitability and dividend coverage capacity. A growing EPS trajectory suggests the company is better positioned to sustain and increase distributions over time. Investors should always evaluate JPMorgan Chase's EPS relative to peers and in combination with cash flow and balance sheet data.Quarterly Analyst Estimates and Surprise Metrics
Analysts spend considerable effort projecting JPMorgan Chase's quarterly EPS using management guidance, industry data, and financial models. When results deviate materially from these projections, markets reprice quickly and decisively. Understanding the surprise history gives investors a data-driven framework for setting expectations around upcoming reporting events.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2026-01-13 | 2025-12-31 | 4.82 | 4.63 | -0.19 | 3 | ||
2025-10-14 | 2025-09-30 | 4.87 | 5.07 | 0.2 | 4 | ||
2025-07-15 | 2025-06-30 | 4.47 | 4.96 | 0.49 | 10 | ||
2025-04-11 | 2025-03-31 | 4.64 | 5.07 | 0.43 | 9 | ||
2025-01-15 | 2024-12-31 | 4.04 | 4.81 | 0.77 | 19 | ||
2024-10-11 | 2024-09-30 | 3.99 | 4.37 | 0.38 | 9 | ||
2024-07-12 | 2024-06-30 | 4.53 | 6.12 | 1.59 | 35 | ||
2024-04-12 | 2024-03-31 | 4.13 | 4.44 | 0.31 | 7 | ||
2024-01-12 | 2023-12-31 | 3.6 | 3.04 | -0.56 | 15 | ||
2023-10-13 | 2023-09-30 | 3.96 | 4.33 | 0.37 | 9 | ||
2023-07-14 | 2023-06-30 | 4 | 4.75 | 0.75 | 18 | ||
2023-04-14 | 2023-03-31 | 3.41 | 4.1 | 0.69 | 20 | ||
2023-01-13 | 2022-12-31 | 3.1 | 3.57 | 0.47 | 15 | ||
2022-10-14 | 2022-09-30 | 2.85 | 3.12 | 0.27 | 9 | ||
2022-07-14 | 2022-06-30 | 2.9 | 2.76 | -0.14 | 4 | ||
2022-04-13 | 2022-03-31 | 2.71 | 2.63 | -0.08 | 2 | ||
2022-01-14 | 2021-12-31 | 3.03 | 3.33 | 0.3 | 9 | ||
2021-10-13 | 2021-09-30 | 3 | 3.55 | 0.55 | 18 | ||
2021-07-13 | 2021-06-30 | 3.17 | 3.78 | 0.61 | 19 | ||
2021-04-14 | 2021-03-31 | 3.06 | 4.59 | 1.53 | 50 | ||
2021-01-15 | 2020-12-31 | 2.65 | 3.07 | 0.42 | 15 | ||
2020-10-13 | 2020-09-30 | 2.24 | 3.09 | 0.85 | 37 | ||
2020-07-14 | 2020-06-30 | 1.21 | 1.08 | -0.13 | 10 | ||
2020-04-14 | 2020-03-31 | 2.2 | 2.89 | 0.69 | 31 | ||
2020-01-14 | 2019-12-31 | 2.36 | 2.57 | 0.21 | 8 | ||
2019-10-15 | 2019-09-30 | 2.45 | 2.68 | 0.23 | 9 | ||
2019-07-16 | 2019-06-30 | 2.49 | 2.82 | 0.33 | 13 | ||
2019-04-12 | 2019-03-31 | 2.35 | 2.65 | 0.3 | 12 | ||
2019-01-15 | 2018-12-31 | 2.19 | 1.98 | -0.21 | 9 | ||
2018-10-12 | 2018-09-30 | 2.26 | 2.34 | 0.08 | 3 | ||
2018-07-13 | 2018-06-30 | 2.22 | 2.29 | 0.07 | 3 | ||
2018-04-13 | 2018-03-31 | 2.29 | 2.26 | -0.03 | 1 | ||
2018-01-12 | 2017-12-31 | 1.69 | 1.76 | 0.07 | 4 | ||
2017-10-12 | 2017-09-30 | 1.66 | 1.76 | 0.1 | 6 | ||
2017-07-14 | 2017-06-30 | 1.59 | 1.71 | 0.12 | 7 | ||
2017-04-13 | 2017-03-31 | 1.51 | 1.65 | 0.14 | 9 | ||
2017-01-13 | 2016-12-31 | 1.42 | 1.58 | 0.16 | 11 | ||
2016-10-14 | 2016-09-30 | 1.39 | 1.58 | 0.19 | 13 | ||
2016-07-14 | 2016-06-30 | 1.43 | 1.55 | 0.12 | 8 | ||
2016-04-13 | 2016-03-31 | 1.26 | 1.35 | 0.09 | 7 | ||
2016-01-14 | 2015-12-31 | 1.26 | 1.32 | 0.06 | 4 | ||
2015-10-13 | 2015-09-30 | 1.37 | 1.32 | -0.05 | 3 | ||
2015-07-14 | 2015-06-30 | 1.44 | 1.54 | 0.1 | 6 | ||
2015-04-14 | 2015-03-31 | 1.41 | 1.45 | 0.04 | 2 | ||
2015-01-14 | 2014-12-31 | 1.32 | 1.19 | -0.13 | 9 | ||
2014-10-14 | 2014-09-30 | 1.38 | 1.62 | 0.24 | 17 | ||
2014-07-15 | 2014-06-30 | 1.3 | 1.46 | 0.16 | 12 | ||
2014-04-11 | 2014-03-31 | 1.4 | 1.28 | -0.12 | 8 | ||
2014-01-14 | 2013-12-31 | 1.33 | 1.4 | 0.07 | 5 | ||
2013-10-11 | 2013-09-30 | 1.28 | 1.42 | 0.14 | 10 | ||
2013-07-12 | 2013-06-30 | 1.45 | 1.6 | 0.15 | 10 | ||
2013-04-12 | 2013-03-31 | 1.38 | 1.59 | 0.21 | 15 | ||
2013-01-16 | 2012-12-31 | 1.21 | 1.39 | 0.18 | 14 | ||
2012-10-12 | 2012-09-30 | 1.23 | 1.4 | 0.17 | 13 | ||
2012-07-13 | 2012-06-30 | 0.82 | 1.21 | 0.39 | 47 | ||
2012-04-13 | 2012-03-31 | 1.17 | 1.31 | 0.14 | 11 | ||
2012-01-13 | 2011-12-31 | 0.91 | 0.9 | -0.01 | 1 | ||
2011-10-13 | 2011-09-30 | 0.91 | 1.02 | 0.11 | 12 | ||
2011-07-14 | 2011-06-30 | 1.2 | 1.27 | 0.07 | 5 | ||
2011-04-13 | 2011-03-31 | 1.16 | 1.28 | 0.12 | 10 | ||
2011-01-14 | 2010-12-31 | 1.01 | 1.12 | 0.11 | 10 | ||
2010-10-13 | 2010-09-30 | 0.9 | 1.01 | 0.11 | 12 | ||
2010-07-15 | 2010-06-30 | 0.74 | 1.09 | 0.35 | 47 | ||
2010-04-14 | 2010-03-31 | 0.64 | 0.74 | 0.1 | 15 | ||
2010-01-15 | 2009-12-31 | 0.61 | 0.74 | 0.13 | 21 | ||
2009-10-14 | 2009-09-30 | 0.53 | 0.82 | 0.29 | 54 | ||
2009-07-16 | 2009-06-30 | 0.06 | 0.28 | 0.22 | 366 | ||
2009-04-16 | 2009-03-31 | 0.3 | 0.4 | 0.1 | 33 | ||
2009-01-15 | 2008-12-31 | 0.01 | -0.28 | -0.29 | 2900 | ||
2008-10-15 | 2008-09-30 | -0.29 | -0.06 | 0.23 | 79 | ||
2008-07-17 | 2008-06-30 | 0.44 | 0.54 | 0.1 | 22 | ||
2008-04-16 | 2008-03-31 | 0.65 | 0.68 | 0.03 | 4 | ||
2008-01-16 | 2007-12-31 | 0.91 | 0.86 | -0.05 | 5 | ||
2007-10-17 | 2007-09-30 | 0.9 | 0.97 | 0.07 | 7 | ||
2007-07-18 | 2007-06-30 | 1.08 | 1.2 | 0.12 | 11 | ||
2007-04-18 | 2007-03-31 | 1.02 | 1.23 | 0.21 | 20 | ||
2007-01-17 | 2006-12-31 | 0.94 | 1.01 | 0.07 | 7 | ||
2006-10-18 | 2006-09-30 | 0.86 | 0.91 | 0.05 | 5 | ||
2006-07-19 | 2006-06-30 | 0.87 | 0.92 | 0.05 | 5 | ||
2006-04-19 | 2006-03-31 | 0.83 | 0.86 | 0.03 | 3 | ||
2006-01-18 | 2005-12-31 | 0.73 | 0.73 | 0.0 | 0 | ||
2005-10-19 | 2005-09-30 | 0.72 | 0.75 | 0.03 | 4 | ||
2005-07-20 | 2005-06-30 | 0.65 | 0.66 | 0.01 | 1 | ||
2005-04-20 | 2005-03-31 | 0.7 | 0.81 | 0.11 | 15 | ||
2005-01-19 | 2004-12-31 | 0.69 | 0.64 | -0.05 | 7 | ||
2004-10-20 | 2004-09-30 | 0.74 | 0.6 | -0.14 | 18 | ||
2004-07-21 | 2004-06-30 | 0.83 | 0.85 | 0.02 | 2 | ||
2004-04-21 | 2004-03-31 | 0.87 | 0.92 | 0.05 | 5 | ||
2004-01-21 | 2003-12-31 | 0.77 | 0.89 | 0.12 | 15 | ||
2003-10-22 | 2003-09-30 | 0.76 | 0.78 | 0.02 | 2 | ||
2003-07-16 | 2003-06-30 | 0.62 | 0.89 | 0.27 | 43 | ||
2003-04-16 | 2003-03-31 | 0.5 | 0.69 | 0.19 | 38 | ||
2003-01-22 | 2002-12-31 | -0.07 | -0.07 | 0.0 | 0 | ||
2002-10-16 | 2002-09-30 | 0.07 | 0.16 | 0.09 | 128 | ||
2002-07-17 | 2002-06-30 | 0.65 | 0.58 | -0.07 | 10 | ||
2002-04-17 | 2002-03-31 | 0.53 | 0.57 | 0.04 | 7 | ||
2002-01-16 | 2001-12-31 | 0.35 | 0.12 | -0.23 | 65 | ||
2001-10-17 | 2001-09-30 | 0.51 | 0.51 | 0.0 | 0 | ||
2001-07-18 | 2001-06-30 | 0.64 | 0.33 | -0.31 | 48 | ||
2001-04-18 | 2001-03-31 | 0.65 | 0.7 | 0.05 | 7 | ||
2001-01-17 | 2000-12-31 | 0.89 | 0.37 | -0.52 | 58 | ||
2000-10-18 | 2000-09-30 | 0.94 | 0.68 | -0.26 | 27 | ||
2000-07-19 | 2000-06-30 | 0.85 | 0.95 | 0.1 | 11 | ||
2000-04-19 | 2000-03-31 | 1.02 | 1.06 | 0.04 | 3 | ||
2000-01-19 | 1999-12-31 | 0.87 | 1.32 | 0.45 | 51 | ||
1999-10-20 | 1999-09-30 | 0.88 | 0.91 | 0.03 | 3 | ||
1999-07-21 | 1999-06-30 | 0.9 | 1.03 | 0.13 | 14 | ||
1999-04-20 | 1999-03-31 | 0.83 | 0.91 | 0.08 | 9 | ||
1999-01-19 | 1998-12-31 | 0.79 | 0.87 | 0.08 | 10 | ||
1998-10-20 | 1998-09-30 | 0.52 | 0.55 | 0.03 | 5 | ||
1998-07-21 | 1998-06-30 | 0.79 | 0.83 | 0.04 | 5 | ||
1998-04-21 | 1998-03-31 | 0.75 | 0.78 | 0.03 | 4 | ||
1998-01-20 | 1997-12-31 | 0.64 | 0.63 | -0.01 | 1 | ||
1997-10-21 | 1997-09-30 | 0.72 | 0.75 | 0.03 | 4 | ||
1997-07-15 | 1997-06-30 | 0.69 | 0.7 | 0.01 | 1 | ||
1997-04-15 | 1997-03-31 | 0.66 | 0.67 | 0.01 | 1 | ||
1997-01-21 | 1996-12-31 | 0.63 | 0.63 | 0.0 | 0 | ||
1996-10-15 | 1996-09-30 | 0.61 | 0.61 | 0.0 | 0 | ||
1996-07-16 | 1996-06-30 | 0.58 | 0.6 | 0.02 | 3 | ||
1996-04-16 | 1996-03-31 | 0.55 | 0.66 | 0.11 | 20 | ||
1996-01-16 | 1995-12-31 | 0.54 | 0.56 | 0.02 | 3 | ||
1995-10-16 | 1995-09-30 | 0.53 | 0.52 | -0.01 | 1 |
Use JPMorgan Chase in pair-trading
Pair trading with JPMorgan Chase can help investors hedge some company-specific exposure by balancing a long view with an offsetting position. The advantage is that adverse movement in one leg may be partly offset by the other when correlation and thesis alignment hold.
JPMorgan Chase Pair Trading
JPMorgan Chase Co Pair Trading Analysis
Understanding the correlation structure around JPMorgan Chase Co helps portfolio managers make better tax-loss harvesting decisions. A highly correlated substitute for JPMorgan Chase ensures that the portfolio's expected return and risk profile remain largely intact through the wash-sale.
Investors use the correlation of JPMorgan Chase to identify pairs-trading opportunities. When two historically correlated assets diverge temporarily, a long/short position combining JPMorgan Chase with the diverging counterpart can generate returns with minimal net market exposure.
Correlation analysis and pair evaluation for JPMorgan Chase can support hedging context. The method can be applied across sectors and broader equity sets.Use Investing Themes to Complement your JPMorgan Chase position
JPMorgan Chase Co Financial Services sector classification and 764.45 Billion large-cap scale make it a natural anchor for themes targeting Banks—Diversified exposure. Anchoring a Banks—Diversified theme around JPMorgan Chase Co at 764.45 Billion can be tuned for upside participation or tighter downside control depending on Financial Services outlook.
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More Resources for JPMorgan Stock Analysis
Reviewing JPMorgan Chase commonly begins with financial statements and performance trends. JPMorgan Chase's financial ratios translate raw accounting data into comparable profitability and efficiency signals. Selected reports below provide context for JPMorgan Stock:Risk vs Return Analysis. With JPMorgan Chase showing P/E 11.54 and ROE 16.13%, investors get more value when this analysis is combined with the diversification and construction tools below. Within the Financial Services space, these metrics give the peer comparison tools below a concrete starting point for relative analysis. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Projecting JPMorgan Chase's profitability begins with historical financial statements. Core documents include the income statement, balance sheet, and cash-flow statement.