JPMORGAN CHASE & CO

JPM, JPM-PC, AMJB, JPM-PD, JPM-PJ, JPM-PK, JPM-PL, JPM-PM, VYLD · National Commercial Banks · 2.68B shares · -2%/yr ↓ buyback · EDGAR filings ↗

Net buyback after stock comp: $6.7B (gross $9.8B, SBC $3.1B)

Reference price $330.73 · est. market cap ~$886.2B — last insider sale, 2026-06-22 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)

Grade

A86

JPMorgan Chase — dominant, highly profitable money-center bank.

Strengths

ROE 16% (96th pct) and ROA (80th)
Net margin 31% with scale across segments
Fortress balance sheet and capital

Risks

Extensive regulation and litigation exposure
Rate and credit-cycle sensitivity
Reported operating-cash-flow margin distorted by bank accounting

Notable findings

Exec changeRecent 8-K item 5.02 8-K ↗
Buying back stockNet buyback — share count -2%/yr over 4y
Insider sellingInsider selling — 43 open-market sale(s) by 12 insider(s) (cluster of 12 insiders, ~$124M, last 6mo) Form 4 ↗

Quarterly revenue

2025-06-30 · $44.9B2025-09-30 · $46.4B2025-12-31 · $45.8B2026-03-31 · $49.8B

Last 4 quarters · from SEC filings.

Key metrics

Net margin

31.3%

Return on equity

15.7%

Return on assets

1.3%

Revenue growth (QoQ)

8.8%

Net-income growth

-2.4%

Tangible book value

$308.4B

Stock comp / revenue

2.0%

Insider transactions · last 18 months

Date	Insider	Type	Shares	Price
2026-06-22	Friedman Stacey	Sell	5.5K	$330.73
2026-06-02	JPMORGAN CHASE & CO	Other	7.2K	—
2026-06-02	JPMORGAN CHASE & CO	Other	7.2K	—
2026-05-20	Friedman Stacey	Sell	5.5K	$300.27
2026-05-15	Beer Lori A	Sell	3.2K	$300.05
2026-05-15	Erdoes Mary E.	Sell	6.6K	$298.36
2026-05-15	Lake Marianne	Sell	6.4K	$298.36
2026-05-15	Petno Douglas B	Sell	5.7K	$300.05
2026-05-14	Petno Douglas B	Gift	135K	—
2026-05-14	Petno Douglas B	Gift	135K	—
2026-05-05	BACON ASHLEY	Sell	4.1K	$309.42
2026-05-05	Barnum Jeremy	Sell	3.0K	$309.41
2026-05-05	Piepszak Jennifer	Sell	4.9K	$309.42
2026-04-15	BACON ASHLEY	Sell	7.6K	$306.55
2026-04-15	Piepszak Jennifer	Sell	9.1K	$306.56
2026-04-15	Petno Douglas B	Sell	5.7K	$306.58
2026-04-15	Lake Marianne	Sell	6.4K	$306.57
2026-04-15	Erdoes Mary E.	Sell	12K	$306.57
2026-04-15	Beer Lori A	Sell	3.2K	$306.59
2026-04-15	Barnum Jeremy	Sell	5.6K	$306.55
2026-04-15	DIMON JAMES	Sell	130K	$306.56
2026-03-31	HOBSON MELLODY L	Grant	153	$294.16
2026-03-31	Rometty Virginia M	Grant	136	$294.16
2026-03-31	NOVAKOVIC PHEBE N	Grant	136	$294.16
2026-03-31	BURKE STEPHEN B	Grant	191	$294.16
2026-03-25	Friedman Stacey	Tax withheld	27K	$295.04
2026-03-25	Rohrbaugh Troy L	Option exercise	73K	—
2026-03-25	Rohrbaugh Troy L	Tax withheld	40K	$295.04
2026-03-25	Piepszak Jennifer	Option exercise	58K	—
2026-03-25	Piepszak Jennifer	Tax withheld	29K	$295.04
2026-03-25	Petno Douglas B	Option exercise	51K	—
2026-03-25	Petno Douglas B	Tax withheld	28K	$295.04
2026-03-25	Leopold Robin	Option exercise	25K	—
2026-03-25	Leopold Robin	Tax withheld	14K	$295.04
2026-03-25	Lake Marianne	Option exercise	58K	—
2026-03-25	Lake Marianne	Tax withheld	32K	$295.04
2026-03-25	Friedman Stacey	Option exercise	49K	—
2026-03-25	Erdoes Mary E.	Option exercise	85K	—
2026-03-25	Erdoes Mary E.	Tax withheld	47K	$295.04
2026-03-25	DIMON JAMES	Option exercise	320K	—
2026-03-25	DIMON JAMES	Tax withheld	177K	$295.04
2026-03-25	Beer Lori A	Option exercise	28K	—
2026-03-25	Beer Lori A	Tax withheld	16K	$295.04
2026-03-25	Barnum Jeremy	Option exercise	39K	—
2026-03-25	Barnum Jeremy	Tax withheld	21K	$295.04
2026-03-25	BACON ASHLEY	Option exercise	47K	—
2026-03-25	BACON ASHLEY	Tax withheld	24K	$295.04
2026-03-23	Leopold Robin	Sell	433	$295.06
2026-02-23	JPMORGAN CHASE & CO	Sell	1.5K	—
2026-02-23	JPMORGAN CHASE & CO	Other	678	—
2026-02-23	JPMORGAN CHASE & CO	Other	786	—
2026-02-19	DIMON JAMES	Sell	22K	$307.19
2026-02-19	JPMORGAN CHASE & CO	Sell	1.5K	—
2026-02-19	DIMON JAMES	Sell	22K	$307.19
2026-02-19	DIMON JAMES	Sell	10K	$307.19
2026-02-19	DIMON JAMES	Sell	5.0K	$307.19
2026-02-19	Rohrbaugh Troy L	Sell	50K	$307.11
2026-02-19	Leopold Robin	Sell	432	$307.14
2026-02-19	DIMON JAMES	Sell	5.0K	$307.19
2026-02-19	DIMON JAMES	Sell	5.0K	$307.19
2026-02-19	JPMORGAN CHASE & CO	Sell	777	—
2026-02-17	Erdoes Mary E.	Sell	5.7K	$306.41
2026-02-17	Lake Marianne	Sell	3.9K	$306.41
2026-02-17	Petno Douglas B	Sell	3.5K	$306.40
2026-02-17	Beer Lori A	Sell	2.0K	$306.40
2026-02-17	Barnum Jeremy	Sell	2.9K	$306.42
2026-02-17	Friedman Stacey	Sell	3.4K	$306.40
2026-02-09	JPMORGAN CHASE & CO	Other	1.5K	—
2026-02-09	JPMORGAN CHASE & CO	Other	1.7K	—
2026-02-09	JPMORGAN CHASE & CO	Other	5.0K	—
2026-02-09	JPMORGAN CHASE & CO	Other	976	—
2026-02-09	JPMORGAN CHASE & CO	Other	780	—
2026-02-03	Leopold Robin	Gift	132	—
2026-02-03	Leopold Robin	Gift	132	—
2026-01-21	Petno Douglas B	Gift	811	—
2026-01-20	DIMON JAMES	Gift	90K	—
2026-01-20	NOVAKOVIC PHEBE N	Grant	914	$306.50
2026-01-20	Rometty Virginia M	Grant	914	$306.50
2026-01-20	SMITH BRAD D	Grant	914	$306.50
2026-01-20	Gorsky Alex	Grant	914	$306.50
2026-01-20	HOBSON MELLODY L	Grant	914	$306.50
2026-01-20	Davis Alicia Boler	Grant	914	$306.50
2026-01-20	BURKE STEPHEN B	Grant	914	$306.50
2026-01-20	BAMMANN LINDA	Grant	914	$306.50
2026-01-20	Buck Michele	Grant	914	$306.50
2026-01-20	WEINBERGER MARK A	Grant	914	$306.50
2026-01-16	Beer Lori A	Sell	2.0K	$312.80
2026-01-16	Erdoes Mary E.	Sell	5.7K	$312.78
2026-01-16	Friedman Stacey	Sell	3.4K	$312.80
2026-01-16	Lake Marianne	Sell	3.9K	$312.78
2026-01-16	Petno Douglas B	Sell	3.5K	$312.80
2026-01-16	Piepszak Jennifer	Sell	8.6K	$312.79
2026-01-16	BACON ASHLEY	Sell	7.4K	$312.79
2026-01-16	Barnum Jeremy	Sell	2.9K	$312.79
2026-01-13	Beer Lori A	Option exercise	8.8K	—
2026-01-13	Beer Lori A	Option exercise	8.3K	—
2026-01-13	Beer Lori A	Tax withheld	9.0K	$318.71
2026-01-13	Barnum Jeremy	Option exercise	13K	—
2026-01-13	Barnum Jeremy	Option exercise	12K	—
2026-01-13	Barnum Jeremy	Tax withheld	13K	$318.71
2026-01-13	BACON ASHLEY	Option exercise	15K	—
2026-01-13	BACON ASHLEY	Option exercise	14K	—
2026-01-13	BACON ASHLEY	Tax withheld	14K	$318.71
2026-01-13	Korablina Elena A	Option exercise	6.0K	—
2026-01-13	Korablina Elena A	Option exercise	5.8K	—
2026-01-13	Korablina Elena A	Option exercise	1.5K	—
2026-01-13	Korablina Elena A	Option exercise	1.4K	—
2026-01-13	Korablina Elena A	Tax withheld	7.8K	$318.71
2026-01-13	Rohrbaugh Troy L	Option exercise	23K	—
2026-01-13	Rohrbaugh Troy L	Option exercise	20K	—
2026-01-13	Rohrbaugh Troy L	Tax withheld	23K	$318.71
2026-01-13	Piepszak Jennifer	Option exercise	18K	—
2026-01-13	Piepszak Jennifer	Option exercise	16K	—
2026-01-13	Piepszak Jennifer	Tax withheld	17K	$318.71
2026-01-13	Petno Douglas B	Option exercise	16K	—
2026-01-13	Petno Douglas B	Option exercise	14K	—
2026-01-13	Petno Douglas B	Tax withheld	16K	$318.71
2026-01-13	Leopold Robin	Option exercise	7.7K	—
2026-01-13	Leopold Robin	Option exercise	7.0K	—
2026-01-13	Leopold Robin	Tax withheld	7.7K	$318.71
2026-01-13	Lake Marianne	Option exercise	18K	—
2026-01-13	Lake Marianne	Option exercise	16K	—
2026-01-13	Lake Marianne	Tax withheld	18K	$318.71
2026-01-13	Friedman Stacey	Option exercise	15K	—
2026-01-13	Friedman Stacey	Option exercise	14K	—
2026-01-13	Friedman Stacey	Tax withheld	16K	$318.71
2026-01-13	Erdoes Mary E.	Option exercise	26K	—
2026-01-13	Erdoes Mary E.	Option exercise	24K	—
2026-01-13	Erdoes Mary E.	Tax withheld	27K	$318.71
2025-12-31	Rometty Virginia M	Grant	113	$322.22
2025-12-31	NOVAKOVIC PHEBE N	Grant	116	$322.22
2025-12-31	HOBSON MELLODY L	Grant	140	$322.22
2025-12-31	BURKE STEPHEN B	Grant	175	$322.22
2025-11-12	Rohrbaugh Troy L	Gift	9.5K	—
2025-11-07	Leopold Robin	Sell	966	$311.92
2025-11-05	Erdoes Mary E.	Gift	6.5K	—
2025-11-04	Petno Douglas B	Gift	809	—
2025-10-25	Korablina Elena A	Tax withheld	486	$299.02
2025-10-25	Korablina Elena A	Option exercise	881	—
2025-10-25	Korablina Elena A	Option exercise	826	—
2025-10-25	Korablina Elena A	Tax withheld	477	$299.02
2025-09-30	NOVAKOVIC PHEBE N	Grant	119	$315.43
2025-09-30	HOBSON MELLODY L	Grant	135	$315.43
2025-09-30	BURKE STEPHEN B	Grant	178	$315.43
2025-09-30	Rometty Virginia M	Grant	111	$315.43
2025-09-02	BAMMANN LINDA	Sell	9.5K	$297.94
2025-07-25	Petno Douglas B	Gift	1.7K	—
2025-06-30	NOVAKOVIC PHEBE N	Grant	129	$289.91
2025-06-30	HOBSON MELLODY L	Grant	155	$289.91
2025-06-30	BURKE STEPHEN B	Grant	194	$289.91
2025-06-30	Rometty Virginia M	Grant	121	$289.91
2025-06-12	BACON ASHLEY	Sell	5.2K	$267.44
2025-06-05	Piepszak Jennifer	Sell	6.1K	$262.47
2025-05-20	Friedman Stacey	Sell	6.6K	$265.71
2025-05-20	Friedman Stacey	Sell	2.8K	$265.71
2025-05-16	Lake Marianne	Sell	12K	$267.08
2025-05-16	Beer Lori A	Sell	5.9K	$267.09
2025-05-15	Petno Douglas B	Sell	10K	$266.89
2025-05-14	DIMON JAMES	Gift	38K	—
2025-05-13	Erdoes Mary E.	Sell	14K	$262.54
2025-05-13	BACON ASHLEY	Sell	5.2K	$262.53
2025-05-12	Rohrbaugh Troy L	Sell	12K	$263.08
2025-05-06	BAMMANN LINDA	Sell	9.5K	$250.00
2025-05-06	Barnum Jeremy	Sell	40K	$250.77
2025-05-06	Piepszak Jennifer	Sell	6.1K	$250.76
2025-05-05	BAMMANN LINDA	Gift	500	—
2025-04-14	DIMON JAMES	Sell	134K	$235.68
2025-04-09	JPMORGAN CHASE & CO	Buy	14	$3.67
2025-04-09	JPMORGAN CHASE & CO	Sell	14	—
2025-03-31	Rometty Virginia M	Grant	143	$245.30
2025-03-31	NOVAKOVIC PHEBE N	Grant	153	$245.30
2025-03-31	HOBSON MELLODY L	Grant	183	$245.30
2025-03-31	BURKE STEPHEN B	Grant	229	$245.30
2025-03-25	Rohrbaugh Troy L	Tax withheld	37K	$249.72
2025-03-25	Petno Douglas B	Option exercise	45K	—
2025-03-25	Petno Douglas B	Tax withheld	25K	$249.72
2025-03-25	Pinto Daniel E	Option exercise	23K	—
2025-03-25	Pinto Daniel E	Option exercise	23K	—
2025-03-25	Pinto Daniel E	Option exercise	21K	—
2025-03-25	Pinto Daniel E	Option exercise	20K	—
2025-03-25	Pinto Daniel E	Option exercise	18K	—
2025-03-25	Pinto Daniel E	Tax withheld	59K	$249.72
2025-03-25	Lake Marianne	Option exercise	50K	—
2025-03-25	Lake Marianne	Tax withheld	26K	$249.72
2025-03-25	Erdoes Mary E.	Option exercise	63K	—
2025-03-25	Erdoes Mary E.	Tax withheld	35K	$249.72
2025-03-25	BACON ASHLEY	Option exercise	42K	—
2025-03-25	BACON ASHLEY	Tax withheld	21K	$249.72
2025-03-25	Rohrbaugh Troy L	Option exercise	68K	—
2025-03-25	Piepszak Jennifer	Option exercise	50K	—
2025-03-25	Piepszak Jennifer	Tax withheld	26K	$249.72
2025-03-25	Leopold Robin	Option exercise	23K	—
2025-03-25	Leopold Robin	Tax withheld	13K	$249.72
2025-03-25	Friedman Stacey	Option exercise	42K	—
2025-03-25	Friedman Stacey	Tax withheld	23K	$249.72
2025-03-25	DIMON JAMES	Option exercise	297K	—
2025-03-25	DIMON JAMES	Tax withheld	164K	$249.72
2025-03-25	Beer Lori A	Option exercise	26K	—
2025-03-25	Beer Lori A	Tax withheld	15K	$249.72
2025-03-25	Barnum Jeremy	Option exercise	30K	—
2025-03-25	Barnum Jeremy	Tax withheld	16K	$249.72
2025-03-24	Rohrbaugh Troy L	Sell	25K	$247.02
2025-03-24	Beer Lori A	Sell	2.1K	$246.93
2025-03-24	Piepszak Jennifer	Sell	4.3K	$247.03
2025-03-24	Leopold Robin	Sell	1.2K	$246.92
2025-02-20	DIMON JAMES	Sell	84K	$269.84
2025-02-20	Rohrbaugh Troy L	Sell	38K	$269.84
2025-02-20	Beer Lori A	Sell	2.1K	$269.88
2025-02-20	Piepszak Jennifer	Sell	4.3K	$269.85
2025-02-20	Leopold Robin	Sell	1.2K	$270.09
2025-02-20	DIMON JAMES	Sell	132K	$269.84
2025-02-20	DIMON JAMES	Sell	132K	$269.84
2025-02-20	DIMON JAMES	Sell	96K	$269.84
2025-02-20	DIMON JAMES	Sell	387K	$269.84
2025-02-20	DIMON JAMES	Sell	8.9K	$269.84
2025-02-20	DIMON JAMES	Sell	28K	$269.84
2025-02-18	Lake Marianne	Sell	4.2K	$278.36
2025-02-18	Friedman Stacey	Sell	3.3K	$278.34
2025-02-18	Erdoes Mary E.	Sell	5.3K	$278.37
2025-02-18	Petno Douglas B	Sell	3.5K	$278.41
2025-02-10	Leopold Robin	Gift	188	—
2025-02-10	Leopold Robin	Gift	188	—
2025-02-01	Erdoes Mary E.	Other	51K	$1.00
2025-01-31	DIMON JAMES	Gift	186K	—
2025-01-21	HOBSON MELLODY L	Grant	1.0K	$261.88
2025-01-21	Boler-Davis Alicia S	Grant	1.0K	$261.88
2025-01-21	Combs Todd A.	Grant	1.0K	$261.88
2025-01-21	BURKE STEPHEN B	Grant	1.0K	$261.88
2025-01-21	BAMMANN LINDA	Grant	1.0K	$261.88
2025-01-21	WEINBERGER MARK A	Grant	1.0K	$261.88
2025-01-21	SMITH BRAD D	Grant	1.0K	$261.88
2025-01-21	Rometty Virginia M	Grant	1.0K	$261.88
2025-01-21	NOVAKOVIC PHEBE N	Grant	1.0K	$261.88
2025-01-21	Gorsky Alex	Grant	1.0K	$261.88
2025-01-16	BACON ASHLEY	Sell	7.1K	$253.94
2025-01-16	Erdoes Mary E.	Sell	5.3K	$253.97
2025-01-16	Friedman Stacey	Sell	3.3K	$253.94
2025-01-16	Petno Douglas B	Sell	3.5K	$253.96
2025-01-16	Lake Marianne	Sell	4.2K	$254.00
2025-01-13	Barnum Jeremy	Option exercise	9.1K	—
2025-01-13	Barnum Jeremy	Tax withheld	11K	$241.77
2025-01-13	Beer Lori A	Option exercise	8.1K	—
2025-01-13	Beer Lori A	Tax withheld	8.7K	$241.77
2025-01-13	Rohrbaugh Troy L	Option exercise	23K	—
2025-01-13	Rohrbaugh Troy L	Option exercise	21K	—
2025-01-13	Rohrbaugh Troy L	Tax withheld	23K	$241.77
2025-01-13	Friedman Stacey	Option exercise	15K	—
2025-01-13	Friedman Stacey	Option exercise	13K	—
2025-01-13	Friedman Stacey	Tax withheld	15K	$241.77
2025-01-13	Leopold Robin	Option exercise	7.7K	—
2025-01-13	Leopold Robin	Option exercise	7.1K	—
2025-01-13	Beer Lori A	Option exercise	8.8K	—
2025-01-13	Korablina Elena A	Option exercise	8.7K	—
2025-01-13	Korablina Elena A	Option exercise	1.9K	—
2025-01-13	Korablina Elena A	Tax withheld	5.6K	$241.77
2025-01-13	Pinto Daniel E	Option exercise	17K	—
2025-01-13	Pinto Daniel E	Option exercise	15K	—
2025-01-13	Pinto Daniel E	Option exercise	14K	—
2025-01-13	Pinto Daniel E	Option exercise	13K	—
2025-01-13	Pinto Daniel E	Option exercise	12K	—
2025-01-13	Pinto Daniel E	Tax withheld	40K	$241.77
2025-01-13	Lake Marianne	Option exercise	18K	—
2025-01-13	Lake Marianne	Option exercise	15K	—
2025-01-13	Lake Marianne	Tax withheld	16K	$241.77
2025-01-13	Erdoes Mary E.	Option exercise	26K	—
2025-01-13	Erdoes Mary E.	Option exercise	19K	—
2025-01-13	Erdoes Mary E.	Tax withheld	25K	$241.77
2025-01-13	Piepszak Jennifer	Option exercise	18K	—
2025-01-13	Piepszak Jennifer	Option exercise	15K	—
2025-01-13	Piepszak Jennifer	Tax withheld	16K	$241.77
2025-01-13	BACON ASHLEY	Option exercise	15K	—
2025-01-13	BACON ASHLEY	Option exercise	13K	—
2025-01-13	BACON ASHLEY	Tax withheld	13K	$241.77
2025-01-13	Barnum Jeremy	Option exercise	12K	—
2025-01-13	Leopold Robin	Tax withheld	7.6K	$241.77
2024-12-31	Gorsky Alex	Grant	156	$239.71
2024-12-31	Rometty Virginia M	Grant	146	$239.71
2024-12-31	NOVAKOVIC PHEBE N	Grant	156	$239.71
2024-12-31	HOBSON MELLODY L	Grant	188	$239.71
2024-12-31	BURKE STEPHEN B	Grant	235	$239.71

All non-derivative Form 4 activity (SEC), newest first.

Supply chain

Customers (4)

Suppliers (1)

SPDR GOLD TRUST

Named in the 10-K; linked when we track them.

Notable events (8-K)

Date	Items
2026-06-25	Exec/director change	filing ↗
2026-06-24	OtherExhibits	filing ↗
2026-06-24	Reg FDExhibits	filing ↗
2026-06-02	OtherExhibits	filing ↗
2026-05-27	OtherExhibits	filing ↗
2026-05-21	Shareholder vote	filing ↗
2026-05-07	3.035.03OtherExhibits	filing ↗
2026-04-24	5.03	filing ↗

Recent filings

Form	Filed	Period	Accession
8-K	2026-06-25	2026-06-24	0000019617-26-000241 ↗
8-K	2026-06-24	2026-06-24	0001628280-26-045167 ↗
8-K	2026-06-24	2026-06-24	0001628280-26-045169 ↗
8-K	2026-06-02	2026-06-02	0001193125-26-253533 ↗
8-K	2026-05-27	2026-05-27	0001193125-26-242018 ↗
8-K	2026-05-21	2026-05-19	0000019617-26-000228 ↗
8-K	2026-05-07	2026-05-06	0001193125-26-211978 ↗
10-Q	2026-05-01	2026-03-31	0001628280-26-029344 ↗
8-K	2026-04-24	2026-04-21	0000019617-26-000119 ↗
8-K	2026-04-23	2026-04-23	0001193125-26-173739 ↗
8-K	2026-04-14	2026-04-14	0001628280-26-024990 ↗
8-K	2026-04-14	2026-04-14	0001628280-26-025013 ↗