JPM · Financials · Bank · FY2025 filings ·
Scored by the financial-sector model
Form 4 reports mix P/S market or private transactions with compensation-plan mechanics. Activity casually described as “insider selling” can include compensation mechanics; awards, tax withholding, and option exercises are shown by their exact filed class here, never collapsed into “Bought” or “Sold.”
These are disclosed filing facts and arithmetic aggregates, not a signal or verdict.
The insider-filing service is temporarily unavailable, so no partial or guessed answer is shown for JPM.
Flagship explainer
Start with net interest income, then follow the filed path to net income.
| Filed line | Value | % of net interest income | Source |
|---|---|---|---|
| $95.4B | 100% |
| |
| Income before tax | $72.6B | 76% |
|
| Income tax | $15.5B | 16% |
|
| $57.0B | 60% |
|
Flagship explainer
JPMORGAN CHASE & CO's filing tags don't support a full breakdown — here's what is filed:
| Filed line | Value | % of assets | Source |
|---|---|---|---|
| Total assets | $4.42T | 100% |
|
| Cash and equivalents | $343.3B | 8% |
|
| Goodwill | $52.7B | 1% |
|
| Other intangible assets | $2.6B | 0% |
|
| Deferred tax assets | $17.2B | 0% |
|
| Operating lease right-of-use assets | $8.9B | 0% |
|
| Total liabilities | $4.06T | 92% |
|
| $500.0B | 11% |
| |
| Stockholders’ equity | $362.4B | 8% |
|
Flagship explainer
One or more filed inputs needed for the five-factor decomposition are unavailable.
| Input | Value | Fiscal year | Source |
|---|---|---|---|
| Net income | $57.0B | FY2025 |
|
| Income before tax | $72.6B | FY2025 |
|
| Operating income | Unavailable | FY2025 |
|
| Revenue | $182.4B | FY2025 |
|
| Ending assets | $4.42T | FY2025 |
|
| Beginning assets | $4T | FY2024 |
|
| Ending equity | $362.4B | FY2025 |
|
| Beginning equity | $344.8B | FY2024 |
|
Flagship explainer
JPMORGAN CHASE & CO’s filing does not supply enough provenance-matched cash-flow lines for a truthful flow chart — here’s what is filed:
| Filed line | Value | % of cash from operations | Source |
|---|---|---|---|
| Cash from operations | −$147.8B | −100% |
|
| Depreciation and amortization | $8.8B | 6% |
|
| Share-based compensation | $3.6B | 2% |
|
| Cash from investing | −$265.6B | −180% |
|
| Cash from financing | $269.5B | 182% |
|
| Exchange-rate effect | $17.8B | 12% |
|
| Net change in cash | −$126.0B | −85% |
|
Curated 19-manager tier
Delayed public 13F reports for 2026-Q2—not live positions, trades, or recommendations.
1 holding0 exited0 not holding1/19 resolved18 not retrieved
| Manager | Reported position | Quarter-over-quarter | Filing accession |
|---|---|---|---|
| Markel / Markel-Gayner | 252,550 shares$82.7M · 1% of eligible reported 13F | Unchanged · 0 shares (0%) |
|
| Abrams Capital | Not retrieved | Comparison not retrieved | Filing not retrieved |
| Akre Capital | Not retrieved | Comparison not retrieved | Filing not retrieved |
| Baupost Group | Not retrieved | Comparison not retrieved | Filing not retrieved |
| Berkshire Hathaway | Not retrieved | Comparison not retrieved | Filing not retrieved |
| Brave Warrior Advisors | Not retrieved | Comparison not retrieved | Filing not retrieved |
| Dodge & Cox | Not retrieved | Comparison not retrieved | Filing not retrieved |
| First Eagle | Not retrieved | Comparison not retrieved | Filing not retrieved |
| Fundsmith | Not retrieved | Comparison not retrieved | Filing not retrieved |
| Gardner Russo & Quinn | Not retrieved | Comparison not retrieved | Filing not retrieved |
| Gates Foundation Trust | Not retrieved | Comparison not retrieved | Filing not retrieved |
| Mairs & Power | Not retrieved | Comparison not retrieved | Filing not retrieved |
| Oakmark / Harris Associates | Not retrieved | Comparison not retrieved | Filing not retrieved |
| Pershing Square | Not retrieved | Comparison not retrieved | Filing not retrieved |
| Polen Capital | Not retrieved | Comparison not retrieved | Filing not retrieved |
| Sequoia / Ruane Cunniff | Not retrieved | Comparison not retrieved | Filing not retrieved |
| Southeastern Asset Management | Not retrieved | Comparison not retrieved | Filing not retrieved |
| Tweedy, Browne | Not retrieved | Comparison not retrieved | Filing not retrieved |
| Yacktman Asset Management | Not retrieved | Comparison not retrieved | Filing not retrieved |
Position size uses shares and filed value from each manager’s 13F. Portfolio weight uses the eligible long-share filing denominator. Changes compare only with the immediately preceding calendar quarter.
Flagship explainer
We could not retrieve insider activity for this rendering; no zero-activity claim is shown.
Unavailable: Form 4 activity could not be retrieved for this rendering.
Median ROE 14.1% on average equity, above the 10% hurdle in 89% of 9 years.
Q3 scored 3 evidenced ratios equally; reserve score is unadjusted for Q4 and capped at 70.
Profitable in 100% of 10 years, ROE very steady.
Net interest income is 2.14% of average assets, steady over 9 years through FY2025.
Not scored for this company
Scored 4 of 5 applicable components (bank model); weights renormalized over the scored set.
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.
| Reading | ||
|---|---|---|
| Aug 3, 2026 | 80 | |
| Jul 26, 2026 | 79 | |
| Jul 26, 2026 | 79 | |
Append-only — readings are added, never rewritten. Only readings on the same methodology version (moat-index-financials@1.0.0) are comparable; a change across versions is a scoring change, not a company event.