# JPMorgan Chase & Co. (JPM-PJ)

> Source: Nexqual · https://nexqual.com/JPM-PJ · data as of 2026-10-23 20:00 UTC · cite as "Nexqual, JPMorgan Chase & Co. (JPM-PJ), nexqual.com/JPM-PJ" · informational, not investment advice.

**Price:** USD 17.57 (+0.29% on the day) · last close of Oct 23, 2026; US market closed, not a live price. Prev close 17.52 · day 17.45–17.58 · 52w 17.27–21.52 · market cap null · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $199B, net income $65.1B (32.6% margin) (SEC filings).
- Insider open-market sales, last ~7 months: 19 Form 4 filings, $70.8M; 0 not under a Rule 10b5-1 plan ($0K); 2 by opportunistic insiders (0 outside 10b5-1 plans), 12 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: None.
- Total return with dividends: 1Y -12.4% vs S&P 500 +13.4%; 5Y -12.6% vs S&P 500 +76.9%.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $122B | $129B | $158B | $178B | $182B | $199B |
| Net income | $48.3B | $37.7B | $49.6B | $58.5B | $57.0B | $65.1B |
| EPS (diluted) | $15.36 | $12.09 | $16.23 | $19.75 | $20.02 | — |
| Net margin | 39.7% | 29.3% | 31.3% | 32.9% | 31.3% | 32.6% |
| Revenue growth | +1.4% | +5.8% | +22.9% | +12.3% | +2.8% | — |
| Cash + short-term investments | $741B | $567B | $624B | $469B | $343B | — |
| Total debt | $301B | $296B | $392B | $401B | $435B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)

P/E at fiscal year-ends: Dec 2025 1.0x, Dec 2024 1.1x, Dec 2023 1.3x.

## Insider sales (SEC Form 4, open-market, last ~7 months)
19 of 19 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-10 | Leopold Robin | Head of Human Resources | 2,500 | $882K | 2.7% | Yes | Too little history (no open-market trades in 2023) |
| 2026-08-11 | Leopold Robin | Head of Human Resources | 2,500 | $904K | 2.6% | Yes | Too little history (no open-market trades in 2023) |
| 2026-06-22 | Friedman Stacey | General Counsel | 5,467 | $1.8M | 3.8% | Yes | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-05-20 | Friedman Stacey | General Counsel | 5,468 | $1.6M | 3.7% | Yes | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-05-15 | Erdoes Mary E. | CEO Asset & Wealth Management | 6,648 | $2.0M | 1% | Yes | Routine (sold in Jan & May each year 2023–2025) |
| 2026-05-15 | Lake Marianne | CEO CCB | 6,427 | $1.9M | 2.4% | Yes | Routine (sold in Jan each year 2023–2025; this trade is outside those months) |
| 2026-05-15 | Petno Douglas B | Co-CEO CIB | 5,659 | $1.7M | 1.3% | Yes | Routine (sold in Jan each year 2023–2025; this trade is outside those months) |
| 2026-05-15 | Beer Lori A | Chief Information Officer | 3,165 | $950K | 4.5% | Yes | Routine (sold in May each year 2023–2025) |
| 2026-05-05 | Barnum Jeremy | Chief Financial Officer | 3,022 | $935K | 8.5% | Yes | Too little history (no open-market trades in 2023 or 2024) |
| 2026-05-05 | Bacon Ashley | Chief Risk Officer | 4,070 | $1.3M | 1.6% | Yes | Routine (sold in May each year 2023–2025) |
| 2026-05-05 | Piepszak Jennifer | Chief Operating Officer | 4,919 | $1.5M | 5.5% | Yes | Routine (sold in May each year 2023–2025) |
| 2026-04-15 | Piepszak Jennifer | Chief Operating Officer | 9,136 | $2.8M | 9.2% | Yes | Routine (sold in May each year 2023–2025; this trade is outside those months) |
| 2026-04-15 | Petno Douglas B | Co-CEO CIB | 5,660 | $1.7M | 1.2% | Yes | Routine (sold in Jan each year 2023–2025; this trade is outside those months) |
| 2026-04-15 | Lake Marianne | CEO CCB | 6,427 | $2.0M | 2.3% | Yes | Routine (sold in Jan each year 2023–2025; this trade is outside those months) |
| 2026-04-15 | Erdoes Mary E. | CEO Asset & Wealth Management | 12,345 | $3.8M | 1.9% | Yes | Routine (sold in Jan & May each year 2023–2025; this trade is outside those months) |
| 2026-04-15 | Beer Lori A | Chief Information Officer | 3,166 | $971K | 4.3% | Yes | Routine (sold in May each year 2023–2025; this trade is outside those months) |
| 2026-04-15 | Barnum Jeremy | Chief Financial Officer | 5,611 | $1.7M | 13.7% | Yes | Too little history (no open-market trades in 2023 or 2024) |
| 2026-04-15 | Bacon Ashley | Chief Risk Officer | 7,558 | $2.3M | 2.9% | Yes | Routine (sold in May each year 2023–2025; this trade is outside those months) |
| 2026-04-15 | Dimon James | Chairman & CEO | 130,488 | $40.0M | 2% | Yes | Too little history (no open-market trades in 2023) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus None.

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-24) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | -12.4% | -12.6% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | -12.5% | -2.6% |
| Volatility (annualized) | 8.0% | 14.7% |
| Max drawdown | -14.3% (Oct 2025→Oct 2026) | -24.1% (Dec 2021→Oct 2022) |

## Peers (Banks - Diversified)
BAC (Bank of America Corporation) USD 50.56 -1.02% · HSBC (HSBC Holdings, plc.) USD 90.68 -1.32% · RY (Royal Bank Of Canada) USD 201.17 -0.44% · WFC (Wells Fargo & Company) USD 82.39 -0.75% · MUFG (Mitsubishi UFJ Financial Group,) USD 21.07 -1.59% · TD (Toronto Dominion Bank (The)) USD 124.61 -0.41%

## More
Full page: https://nexqual.com/JPM-PJ · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Revenue by region (fiscal year ended 2025-12-31)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| North America | $139.69B | 76.6% | +0.3% |
| Total International | $42.76B | 23.4% | +11.8% |
| — EMEA (part of Total International) | $24.48B | 13.4% | +9.5% |
| — Asia Pacific (part of Total International) | $14.06B | 7.7% | +17.3% |
| — Latin America (part of Total International) | $4.21B | 2.3% | +8.5% |
| Total revenue | $182.45B | 100% | — |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-12-31) | — | — | — | $51.14B | — |
| Next quarter (ends 2027-03-31) | — | — | — | $54.21B | — |
| Current fiscal year (ends 2026-12-31) | — | — | — | $208.18B | — |
| Next fiscal year (ends 2027-12-31) | — | — | — | $216.81B | — |