JPMORGAN CHASE & CO
JPM · Financials · Bank · FY2025 filings ·
Scored by the financial-sector model
What the financial-sector model scores (bank)
Median ROE 14.1% on average equity, above the 10% hurdle in 89% of 9 years.
Equity is 8.5% of assets (median of latest 3 years).
Profitable in 100% of 10 years, ROE very steady.
Book value per share +7.3%/yr over 9 years (split-adjusted; excludes dividends paid out).
Net interest income is 2.14% of average assets, steady over 9 years through FY2025.
Not scored for this company
- Underwriting discipline
- Underwriting applies to insurance carriers; not part of the bank model.
All 5 applicable components scored (bank model).
Fundamentals
The 15-year revenue, margin, and ROIC series is built for the operating model’s lens and isn’t published for banks and insurers — a balance-sheet business is read through the components above, not through operating-company margins.
Financial-sector score history
| Reading | Score | Tier |
|---|---|---|
| Jul 20, 2026 | 82.6 | Wide moat |
| Jul 20, 2026 | 82.6 | Wide moat |
| Jul 19, 2026 | 82.6 | Wide moat |
| Jul 18, 2026 | 82.6 | Wide moat |
Append-only — readings are added, never rewritten. Only readings on the same methodology version (moat-index-financials@0.1.0) are comparable; a change across versions is a scoring change, not a company event.