Demand and volumepositive · 5 filings
“As of June 30, 2026, loans increased by $57.5 billion, predominantly driven by higher loans in CIB and higher securities-based lending in AWM, both as a result of higher client demand.”10-Q · Aug 6, 2026 ↗
JPMorgan Chase & Co.
JPM
Market read
JPMorgan Chase & Co.'s move is being confirmed by its market group.
JPM accounts for 11.9% of the group's measured movement across 4.9 effective names. raw member direction is mixed; 5 of 6 session-normalized paths align to the downside. Capital-flow agreement is 10%, so confirmation is not yet clean. No verified headline preceded the measured group move.
MOVE ANATOMY
Session-normalized 5m pathsIs this move genuinely shared?
Role in the moveAligned contributor#4 of 6 by movement share
Group movement share11.9%Absolute path energy—not portfolio weight
Relative path-0.63%aligned
Effective breadth4.9 / 6broad
Relative alignment5/6downside path · 1 counter-moving
Capital-flow agreement10%not yet clean
SEQUENCE READ
BNY, BAC, STT moved materially before JPM. JPM crossed its material path threshold at 10:30 ET, 35 minutes after the first measured mover.
EVIDENCE COVERAGE
5 of 6 members in Asset Management are active. 0 of 8 disclosed connections are confirming.
What would change this read
Watch this read- At least 4 of 6 durable members become active together.
- Capital-flow agreement rises above 55%.
- A filing-linked outsider such as DCOM begins moving with the group.
Invalidation: The live read weakens if participation falls to 2 of 6 members or fewer.
Research brief
The story so far
JPM accounts for 11.9% of the group's measured movement across 4.9 effective names. raw member direction is mixed; 5 of 6 session-normalized paths align to the downside. Capital-flow agreement is 10%, so confirmation is not yet clean. No verified headline preceded the measured group move.
Evidence that supports
No thresholded supportive filing evidence is available yet.
Evidence that challenges
No thresholded adverse filing evidence is available yet.
What would clarify the read
- At least 4 of 6 durable members become active together.
- Capital-flow agreement rises above 55%.
- A filing-linked outsider such as DCOM begins moving with the group.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods9
Price observations602
Usable filing statements567
Verified relationships10
Evidence supporting the case
- Demand and volume has repeated favorable evidence across 5 filings.
- Input and raw-material costs has repeated favorable evidence across 4 filings.
Evidence challenging the case
- Net margin changed -1.7 percentage points in the latest annual period.
- Operating cash flow was only -2.590x net income in the latest annual period.
Questions before a position
- EV/sales is 26% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context
Price as of Sep 11, 2026
356.436m+26.0%12m+18.6%24m+67.7%
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2021-12-31$121.6B+1.4%$15.36-2.0%
2022-12-31$128.7B+5.8%$12.09-1.9%
2023-12-31$158.1B+22.9%$16.23-0.9%
2024-12-31$177.6B+12.3%$19.75-2.2%
2025-12-31$182.4B+2.8%$20.02-3.4%
What management says matters
Persistent and emerging business drivers
Foreign exchangemixed · 5 filings
“The increase was driven by foreign exchange and equity derivatives, primarily as a result of market movements.”10-Q · Aug 6, 2026 ↗
Input and raw-material costspositive · 4 filings
“Revenue from Global Private Bank was $3.3 billion, up 8%, driven by: • higher noninterest revenue, reflecting higher management fees due to strong net inflows and higher average market levels, as well as higher brokerage commissions, partially offset by • low…”10-Q · May 1, 2026 ↗
Macroeconomic conditionsmixed · 4 filings
“Year-to-date results Compensation expense increased predominantly driven by: • higher revenue-related compensation across the LOBs, • the impact of wage inflation, and • growth in the number of employees, primarily front office employees.”10-Q · Aug 6, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 5.4× · EV/sales 5.4×. Comparisons use only industry-matched filing peers.
Scenario scaffold
Scenarios are withheld for Financial Services until sector-specific earnings and capital metrics are available; generic revenue/P/S scaffolds would be misleading.
Price action
How the market is pricing the story
356.43+0.8% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for JPM. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for JPM. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind JPM
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depended on by
GPGIGPGI, Inc.customerMar 12, 2026 ▾
“The company’s leading position is reinforced by long-standing customer relationships with leading bank issuers like American Express, JPMorgan Chase and Capital One, and financial technology companies like Coinbase, Robinhood, and Gemini.”
Filing peers
No filing peers are available for this name yet.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 24 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
JPM is currently a Follower in the organic co-movement group Asset Management. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.