S&P 500 comparison · Financials

Bank of America vs JPMorgan Chase

Prices at close . Model readings .

Bank of America

$50.85+0.34%
Month: negative

JPMorgan Chase

$339.30+1.05%
Month: negativeLong run: neutral
Price change

Price change, with the S&P 500 as a benchmark

Percent change in each close since the start of the chosen range, for both companies and the S&P 500 (SPY). Daily closes over the last year, weekly before that and monthly before five years.

In short

How the two compare

On the latest closes (28 Oct 2026), JPMorgan Chase is the larger company by market value ($914.14B against $370.91B). Over the past year Bank of America returned −2.5% and JPMorgan Chase +13.1%, while the S&P 500 returned +12.7%. The latest filed P/E is 12.8 for Bank of America and 14.0 for JPMorgan Chase, and the operating margin 0% against 0%. Over the next 21 sessions the model expects −0.53% for Bank of America, with a 47% chance of a rise, and −0.74% for JPMorgan Chase, with a 42% chance. Bank of America has no published fair value today. JPMorgan Chase's long-run fair value is $333.89, a gap of −1.6% to its price; the long-run model view is neutral.

Model view

What the model expects

Expected returns and the chance of a rise from our forecasting models, and the long-run fair value against the price. Readings, not advice.

Model readings:
Expected returnnext 21 sessions
BAC−0.53%
JPM−0.74%
Chance of a risenext 21 sessions
BAC47%
JPM42%
Expected returnnext 63 sessions
BAC+2.36%
JPM+1.5%
Range of outcomes63 sessions, 80% band
BAC−16.6% to +21.3%
JPM−14.7% to +17.7%
Chance of a risenext 63 sessionsMembers only · see plans
Long-run fair valueintrinsic value model
BAC—The model's fair value falls outside its own interval or at the gap clamp, so it is not a measurement.
JPM$333.8928 Oct 2026
Gap to pricefair value against the close
BAC—The model's fair value falls outside its own interval or at the gap clamp, so it is not a measurement.
JPM−1.6%
Past readings that matchedsign of the 21-session outcome
BAC46.5%of 269
JPM48%of 269
Price performance

How the prices moved

Price change over each period, with the S&P 500 (SPY) for comparison.

Closes to
1 monthS&P 500: +1.1%
BAC−7.5%
JPM+1.3%
6 monthsS&P 500: +8.5%
BAC−3.3%
JPM+10.2%
Year to dateS&P 500: +13.3%
BAC−6.5%
JPM+6.8%
1 yearS&P 500: +12.7%
BAC−2.5%
JPM+13.1%
5 yearsS&P 500: +70.7%
BAC+21.4%
JPM+123.7%
1 year against the S&P 500percentage points
BAC−15.3 pts
JPM+0.4 pts
Position in the 52-week range0% low, 100% high
BAC26%close $50.85 in $45.88 to $65.23
JPM70%close $339.30 in $276.43 to $366.50
Against the 200-day average
BAC−7.2%
JPM+5.6%
Valuation

What the market pays

Size and the multiples from the latest filed quarter. A P/E on losses reads n/m.

Filings: quarter to
Market value
BAC$370.91B28 Oct 2026
JPM$914.14B28 Oct 2026
Enterprise valueat the last filing
BAC$815.47B30 Jun 2026
JPM$954.32B30 Jun 2026
P/Elatest filed
BAC12.8
JPM14.0
Price to book
BAC1.38
JPM2.35
EV / EBITDA
BAC16.50
JPM9.94
Free cash flow yield
BAC22.8%
JPM−18.43%
Dividend yield
BAC1.95%
JPM1.96%
Questions

Bank of America or JPMorgan Chase: common questions

Which is larger by market value, Bank of America or JPMorgan Chase?

JPMorgan Chase, at $914.14B against $370.91B for Bank of America, on the latest closes (28 Oct 2026).

Which has the higher P/E ratio, Bank of America or JPMorgan Chase?

JPMorgan Chase has the higher latest filed P/E, 14.0; Bank of America's is 12.8. Filings: quarter to 30 Jun 2026.

How did Bank of America and JPMorgan Chase move over the past year against the S&P 500?

Over the past year Bank of America returned −2.5% and JPMorgan Chase +13.1%, while the S&P 500 returned +12.7%. Prices at close 28 Oct 2026.

What does the model expect for Bank of America and JPMorgan Chase over the next month?

−0.53% for Bank of America with a 47% chance of a rise, and −0.74% for JPMorgan Chase with a 42% chance, over the next 21 sessions. Model readings 28 Oct 2026. These are model readings, not advice.

How do the operating margins of Bank of America and JPMorgan Chase compare?

The operating margin is 0% for Bank of America and 0% for JPMorgan Chase. Filings: quarter to 30 Jun 2026.

Do Bank of America and JPMorgan Chase shares move together?

Over the past year the correlation of their daily returns was 0.74 (often together); 1 means they always move together, 0 unrelated, −1 opposite. Prices at close 28 Oct 2026.

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The two company pagesBank of America (BAC) forecast and analysisJPMorgan Chase (JPM) forecast and analysis
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Model readings are research estimates, not investment advice. Prices: daily closes. Fundamentals: the latest SEC filings. Short interest: FINRA, settlement 30 Sep 2026. A dash means the figure is not in our data; it is never shown as zero. The model view follows a published rule: next month by the sign of the expected return, the long run positive at a fair value 10% or more above the price and negative at 10% or more below it.