JPMorgan Chase vs American Express

This page compares JPMorgan Chase and American Express, detailing how each conducts its business, the scale and nature of its financial performance, and the broader market context in which they operate, with a neutral, accessible tone. Educational content, not financial advice.

This page compares JPMorgan Chase and American Express, detailing how each conducts its business, the scale and nature of its financial performance, and the broader market context in which they operat...

Comparison Snapshot

Key Financial Metrics

JPM

Metric

AXP

$827.79B

Market Cap

$250.23B

3.77%

Potential Profit

-3.62%

Buy

Analyst Rating

Hold

Why It's Moving

JPMorgan's Earnings Kick Off 2026 with Trading Boom Offset by M&A Delays and Rising Costs

Markets division revenue soared 17% to $8.2 billion, powered by 40% equities trading surge amid AI-driven market swings.
Investment banking fees dropped 5% to $2.35 billion as multi-year high M&A pipeline deals slipped into early 2026.
Dimon flagged elevated expense guidance tied to tech investments, betting on outsized capture of rebounding deal volume.

Sentiment:

⚖️Neutral

AXP Dips on Rate Cap Fears Ahead of Pivotal Earnings Test

Shares retreated 7% in the first two weeks of January amid 'policy shock' from interest rate cap proposal, pricing in risks to lending profitability.
Q4 earnings expected at $3.54 per share (up 16.45% YoY) and $18.86B revenue (up 9.79% YoY), but focus is on guidance for operating costs and policy response.
Rising loan loss provisions and double-digit expense growth challenge 9% revenue momentum, prompting potential AI-driven efficiencies to protect affluent customer appeal.

Sentiment:

🌋Volatile

JPMorgan's Earnings Kick Off 2026 with Trading Boom Offset by M&A Delays and Rising Costs

Markets division revenue soared 17% to $8.2 billion, powered by 40% equities trading surge amid AI-driven market swings.
Investment banking fees dropped 5% to $2.35 billion as multi-year high M&A pipeline deals slipped into early 2026.
Dimon flagged elevated expense guidance tied to tech investments, betting on outsized capture of rebounding deal volume.

Sentiment:

⚖️Neutral

AXP Dips on Rate Cap Fears Ahead of Pivotal Earnings Test

Shares retreated 7% in the first two weeks of January amid 'policy shock' from interest rate cap proposal, pricing in risks to lending profitability.
Q4 earnings expected at $3.54 per share (up 16.45% YoY) and $18.86B revenue (up 9.79% YoY), but focus is on guidance for operating costs and policy response.
Rising loan loss provisions and double-digit expense growth challenge 9% revenue momentum, prompting potential AI-driven efficiencies to protect affluent customer appeal.

Sentiment:

🌋Volatile

Investment Analysis

JPMorgan Chase

JPM

Pros

JPMorgan Chase posted a 12% year-over-year net income increase in Q3 2025, demonstrating strong profitability amid challenging market conditions.
The bank's Commercial & Investment Bank segment grew net income by 21% with revenue up 17%, underpinning its diversified earnings streams.
JPMorgan maintains strong capital and liquidity positions, supporting financial resilience and operational stability.

Considerations

JPMorgan's stock has experienced volatility due to investor concerns about potential regulatory changes and lending risks.
Operating expenses rose 8% year-over-year in Q3 2025, indicating pressure on cost control despite revenue growth.
Exposure to non-bank financial institution lending risk presents execution and credit quality uncertainties.

American Express

AXP

Pros

American Express has shown solid stock performance with a 31% return over the past 12 months, reflecting strong market growth.
The company benefits from its position as a comprehensive payments enterprise with a focus on premium consumer finance.
American Express exhibits a robust return on equity and healthy profitability metrics compared to many peers.

Considerations

American Express has a higher negative drawdown historically, suggesting greater price volatility and risk.
It has a lower revenue scale and market capitalization compared to JPMorgan, which may limit resources for expansion.
The company faces macroeconomic sensitivity due to its reliance on consumer spending and credit cycles.

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