JPMorgan Chase & Co. (JPM) stock — is it a good business?

JPMorgan Chase & Co. (JPM) stock — is it a good business? — InspectStocks

How it makes money

Commercial & Investment Bank47%
Consumer & Community Banking40%
Asset & Wealth Management13%

Shares of revenue are estimates for quarter ended March 31, 2026, high confidence, not figures from a filing.

Competes with

What it sells6

Chase consumer and small-business banking
Bank accounts and related services for consumers and small businesses, provided through the Chase brand.
Chase credit cards
Credit cards, including the Sapphire Preferred card, which the company said it refreshed in June 2026.
Auto leasing
Vehicle leases for consumers; the company reported auto operating lease income in its consumer banking business.

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Investment banking
Advice on company deals and help arranging stock and bond sales, including initial public offerings.
Markets trading
Trading in products such as bonds, currencies, stocks, and derivatives for clients.
Asset and wealth management
Investment management and brokerage services for individuals and institutions.

Who buys it5

Consumers and small businesses open accounts, use credit cards, borrow, and access banking services through Chase branches and digital channels.
Companies use banking, lending, investment banking, and markets services to manage money, raise funds, and conduct transactions.
Institutional investors use J.P. Morgan for trading, financing, and investment services.

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Government clients use banking, financing, and markets services.
Individuals and institutions entrust money to the firm for investment management and wealth services.

What it stands on, and what could break it

What the business leans on

1The business depends on customer deposits and other funding to support lending and other activities; rates and customer choices affect funding costs and balances.
2Its businesses depend on regulatory approvals and on meeting banking capital, liquidity, and other requirements.
3Banking, payments, and trading depend on operational systems, data, cybersecurity, and outside service providers.
4Lending and trading depend on customers and counterparties being able to meet their obligations and, in some transactions, on the value of collateral.

What could go wrong

1Changes in banking rules, supervision, or required capital can increase compliance costs or constrain the firm’s activities; the 10-K also describes pending or changing regulatory proposals affecting capital and consumer fees.
2Economic and market changes can affect borrowers’ ability to repay, the value of financial instruments and collateral, deposit behavior, and fees from investment banking and trading.
3A failure or disruption of operational systems, or a successful cyberattack, could interrupt banking and transaction services or expose customer and firm data.

Full financial statements →

About JPMorgan Chase & Co.

JPMorgan Chase takes deposits, makes loans, issues credit cards, and provides banking services to consumers and businesses. It also helps companies and governments raise money, trades financial products for clients, and manages investments for individuals and institutions.

Head office: New York City, New York (knowledge)
Founded: 2000 (formed through a merger; high confidence)
Employees: 318,512 (December 31, 2025, high confidence)
Listed on: NYSE
Financial year ends: December 31

Built from JPMorgan Chase & Co.’s own filings with the U.S. Securities and Exchange Commission (SEC). Figures are as reported, with per-share history restated onto today’s share basis. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.

Keep exploring

The themes JPMorgan Chase is part of, the highest-graded companies in its industry, and the companies in its sector whose grade rose recently.

The theme it is part of

Highest-graded in Banks Diversified

Graded A or B and worth $2B or more: A first, then the largest.

Grade rose recently in Financials

Rose to A or B on a filing in the last 90 days, worth $2B or more: largest first.

How it makes money

Commercial & Investment Bank47%
Consumer & Community Banking40%
Asset & Wealth Management13%

Shares of revenue are estimates for quarter ended March 31, 2026, high confidence, not figures from a filing.

Competes with

What it sells6

Chase consumer and small-business banking
Bank accounts and related services for consumers and small businesses, provided through the Chase brand.
Chase credit cards
Credit cards, including the Sapphire Preferred card, which the company said it refreshed in June 2026.
Auto leasing
Vehicle leases for consumers; the company reported auto operating lease income in its consumer banking business.

Show 3 more

Investment banking
Advice on company deals and help arranging stock and bond sales, including initial public offerings.
Markets trading
Trading in products such as bonds, currencies, stocks, and derivatives for clients.
Asset and wealth management
Investment management and brokerage services for individuals and institutions.

Who buys it5

Consumers and small businesses open accounts, use credit cards, borrow, and access banking services through Chase branches and digital channels.
Companies use banking, lending, investment banking, and markets services to manage money, raise funds, and conduct transactions.
Institutional investors use J.P. Morgan for trading, financing, and investment services.

Show 2 more

Government clients use banking, financing, and markets services.
Individuals and institutions entrust money to the firm for investment management and wealth services.

What it stands on, and what could break it

What the business leans on

1The business depends on customer deposits and other funding to support lending and other activities; rates and customer choices affect funding costs and balances.
2Its businesses depend on regulatory approvals and on meeting banking capital, liquidity, and other requirements.
3Banking, payments, and trading depend on operational systems, data, cybersecurity, and outside service providers.
4Lending and trading depend on customers and counterparties being able to meet their obligations and, in some transactions, on the value of collateral.

What could go wrong

1Changes in banking rules, supervision, or required capital can increase compliance costs or constrain the firm’s activities; the 10-K also describes pending or changing regulatory proposals affecting capital and consumer fees.
2Economic and market changes can affect borrowers’ ability to repay, the value of financial instruments and collateral, deposit behavior, and fees from investment banking and trading.
3A failure or disruption of operational systems, or a successful cyberattack, could interrupt banking and transaction services or expose customer and firm data.

Full financial statements →

About JPMorgan Chase & Co.

Head office: New York City, New York (knowledge)
Founded: 2000 (formed through a merger; high confidence)
Employees: 318,512 (December 31, 2025, high confidence)
Listed on: NYSE
Financial year ends: December 31

How it makes money

Competes with

What it sells6

Who buys it5

What it stands on, and what could break it

What the business leans on

What could go wrong

About JPMorgan Chase & Co.

Keep exploring

The theme it is part of

Highest-graded in Banks Diversified

Grade rose recently in Financials

How it makes money

Competes with

What it sells6

Who buys it5

What it stands on, and what could break it

What the business leans on

What could go wrong

About JPMorgan Chase & Co.

Keep exploring

The theme it is part of

Highest-graded in Banks Diversified

Grade rose recently in Financials

Big US banks

JPMorgan Chase & Co.

Earnings & book value — 5 of 5

Business trend

Share price and grade over time

How it makes money

Competes with

What it sells6

Who buys it5

What it stands on, and what could break it

What the business leans on

What could go wrong

About JPMorgan Chase & Co.

Keep exploring

The theme it is part of

Highest-graded in Banks Diversified

Grade rose recently in Financials

How it makes money

Competes with

What it sells6

Who buys it5

What it stands on, and what could break it

What the business leans on

What could go wrong

About JPMorgan Chase & Co.

Keep exploring

The theme it is part of

Highest-graded in Banks Diversified

Grade rose recently in Financials

Big US banks

JPMorgan Chase & Co.

Past performance

Earnings & book value — 5 of 5

Business trend

Share price and grade over time