NYSEFinancialsBanks - DiversifiedSnapshot 2026-08-31
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Create your account →Intact: The reason to own it still holds.
JPMorgan grows net income from $14.4B to $16.5B in 2026-Q1. Operating income rose from $18.7B to $20.5B in the same period. The bank keeps strong capital with CET1 near 14.3% and high liquidity. It raised dividends and started a $50B share buyback program.
Economic or oil market troubles could hurt JPMorgan's income. Regulatory rules on stablecoins may reduce profits. Currency bet cuts may slow net income growth.
The price is about 9% above our fair value near $309. Analysts expect 7% revenue growth. Our fair value is below the Street median, so weigh the Street range.
Breaks if: Dividend cut or buyback canceled after 2026-Q3
Increase quarterly dividend and implement a new $50 billion common share repurchase program to deploy capital flexibly and enhance shareholder value.
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a durable compounder with a focus on steady growth. The current thesis state is intact, supported by recent earnings performance and management's commitment to growth and capital allocation.
The market appears to have priced in a durable premium, reflecting expectations of continued performance relative to peers. There is a slight expectations gap, indicating that while the stock is not seen as overly expensive, it is also not considered a bargain.
Management has shown progress in increasing net income and revenue, with a significant year-over-year rise. However, the quality of earnings is fragile, and recent changes indicate a decline in overall company quality.
The long-term thesis hinges on the performance of sector bellwethers like Bank of America, HSBC, and Wells Fargo. Additionally, any changes in Federal Reserve interest rate policy could impact JPM's performance, especially if rates decrease.
The most important moves since the prior daily snapshot.
Mixed, the news cuts both ways. The latest earnings beat supports expectations for net income and revenue growth. However, increased legal exposure for financial advisors poses a potential threat to the company.
as of 2026-08-31
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Newly stated in 2026-Q2. Management announced an intended dividend increase to $1.65 per share and authorized a $50 billion share repurchase program effective July 1, 2026. This is the first quarter this capital allocation priority was explicitly stated in the disclosures, with no prior quarters for comparison. The financials show a stable dividend of $1.50 per share in 2026-Q2, consistent with the announcement timing.
“Board intends to increase quarterly dividend to $1.65 and authorized $50B share repurchase program”
Breaks if: CET1 falls below 14.3% or excess HQLA below $270B in 2026-Q1
Sustain a fortress balance sheet with robust capital ratios, liquidity coverage, and risk-weighted assets management to support business and regulatory requirements.
Stated in 3 of last 4 quarters. CET1 capital increased from $287B in 2025-Q3 to $303B in 2026-Q2, while the Standardized CET1 ratio slightly declined from 14.8% to 14.1%. Liquidity coverage ratio remained robust above 110%. Management's emphasis on maintaining a fortress balance sheet aligns with stable capital and liquidity metrics, indicating delivering on this priority.
“CET1 capital of $303B, Standardized CET1 ratio of 14.1%, Firm LCR 110%”
“CET1 capital of $291B, Standardized CET1 ratio of 14.3%, Firm LCR 112%”
“CET1 capital of $287B, Standardized CET1 ratio of 14.8%, Firm SLR 5.8%”
Breaks if: net income falls below $16.5B in 2026-Q1
Breaks if: operating income falls below $20.5B in 2026-Q1
Overall, JPMorgan Chase is navigating a complex environment with solid fundamentals but faces risks from sector dynamics and interest rate changes. Not investment advice.
