Banks · 28/36 against 23/36 checks · to 2026-09-08
JPM vs WFC.
JPMorgan ChaseAmerica's largest bank: lending, markets, payments and wealth management.
Wells FargoA large US bank centred on consumer and commercial lending.→JPMorgan Chase (JPM) and Wells Fargo (WFC) are within reach of each other at $939.7B and $266.0B, and on the filings JPMorgan Chase passes more, 28 checks of 36 against 23.
Which passes more checks?
widest gap first→No axis separates them by more than 2 of six checks, and the widest is Growth.
| JPM | WFC | |
|---|---|---|
| Growth | 6/6 | 4/6 |
| Shareholder returns | 6/6 | 4/6 |
| Quality | 4/6 | 3/6 |
| Health | 5/6 | 4/6 |
| Trend analysis | 4/6 | 5/6 |
| Value | 3/6 | 3/6 |
| All checks | 28/36 | 23/36 |
→JPMorgan Chase turns over $199.4B to Wells Fargo's $86.8B, 2.3 times as much. JPMorgan Chase keeps 32.6% of revenue as profit against 26.0% at Wells Fargo.
Which is growing faster, JPM or WFC?
→JPMorgan Chase grew revenue faster last year, +13.5% against +6.2% at Wells Fargo - 7 points apart. Over three years the order is the same, JPMorgan Chase at +12.3% and Wells Fargo at +4.0%.
| JPM | WFC | |
|---|---|---|
| Revenue (TTM) | $199.4B | $86.8B |
| Revenue growth, 1 year | +13.5% | +6.2% |
| Revenue CAGR, 3 years | +12.3% | +4.0% |
| Net income (TTM) | $65.0B | $22.6B |
| Free cash flow (TTM) | - | - |
Which hands more back to owners?
→Both pay: Wells Fargo yields the more at 2.0% against 1.8%. A yield rises when a price falls, so read it beside the payout checks in each report.
| JPM | WFC | |
|---|---|---|
| Dividend yield | 1.8% | 2.0% |
| Payout ratio | 25.6% | 24.0% |
| Years of unbroken dividend | - | - |
Which keeps more of each sale?
| JPM | WFC | |
|---|---|---|
| Gross margin | - | - |
| Operating margin | - | - |
| Return on equity | 17.4% | 12.5% |
Which balance sheet is stronger?
→JPMorgan Chase carries much the lighter balance sheet, 0.19x of debt to equity against 1.15x - which matters most in the year a downturn arrives, not this one.
| JPM | WFC | |
|---|---|---|
| Debt / equity | 0.19x | 1.15x |
| Interest coverage | - | - |
| Cash and short-term investments | $309.8B | $201.5B |
Which is cheaper?
→Wells Fargo is the cheaper of the two on earnings, 12.6x against 15.1x. Against their own histories, JPMorgan Chase is above its 9.1x median and Wells Fargo is above its 9.7x.
| JPM | WFC | |
|---|---|---|
| Share price | $353.51 | $87.96 |
| Market cap | $939.7B | $266.0B |
| P/E | 15.1x | 12.6x |
| P/E, own median own 11-year median / own 10-year median | 9.1x | 9.7x |
| P/S | 4.7x | 3.1x |
| Free cash flow yield | - | - |
Where they differ most
the checks behind the gapGrowth: JPMorgan Chase 2 ahead
- Outgrew its sector last year 13.5% vs 8.9% (sector 70th pct, n=107)
- Sustained growth beats its sector (3 years) 12.3% vs 9.7% (sector 70th pct, n=86)
- Profits grew last year 15.0% vs 0.0%
- Outgrew its sector last year 6.2% vs 8.9% (sector 70th pct, n=107)
- Sustained growth beats its sector (3 years) 4.0% vs 9.7% (sector 70th pct, n=86)
Shareholder returns: JPMorgan Chase 2 ahead
- Share count isn't climbing shares down 6.3% over 3 years
- Buybacks outpace the stock issued to staff $31.7B bought back vs $3.9B of stock compensation
- What it hands back fits inside its profits 75.3% vs 100.0%
- What it hands back fits inside its profits 104.4% vs 100.0%
- Reliable payer, never cut paid 10/10 years, worst year-on-year change -50.1%