JPMorgan Chase vs Wells Fargo

This page compares JPMorgan Chase & Co. and Wells Fargo & Co., outlining their business models, financial performance, and market context in a clear, neutral manner to help readers compare the two. Educational content, not financial advice.

This page compares JPMorgan Chase & Co. and Wells Fargo & Co., outlining their business models, financial performance, and market context in a clear, neutral manner to help readers compare the two. Ed...

Comparison Snapshot

Key Financial Metrics

JPM

Metric

WFC

$827.79B

Market Cap

$272.30B

3.77%

Potential Profit

4.38%

Buy

Analyst Rating

Buy

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

Wells Fargo gears up for explosive 2026 growth after Fed lifts asset cap, fueling NII surge to $50B.

Wells Fargo targets $50B in 2026 net interest income, powered by asset cap lift, loan growth, and rising markets revenue for stronger core earnings.
Bank's M&A advisory ranking soared to ninth globally with $436B in deals, including Netflix-Warner Bros. and Union Pacific-Norfolk Southern, eyeing top-five investment banking status.
Wall Street lifts price targets amid durable tailwinds like balance sheet growth and dovish Fed outlook, with shares up 34% this year beating sector averages.

Sentiment:

🐃Bullish

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

Wells Fargo gears up for explosive 2026 growth after Fed lifts asset cap, fueling NII surge to $50B.

Wells Fargo targets $50B in 2026 net interest income, powered by asset cap lift, loan growth, and rising markets revenue for stronger core earnings.
Bank's M&A advisory ranking soared to ninth globally with $436B in deals, including Netflix-Warner Bros. and Union Pacific-Norfolk Southern, eyeing top-five investment banking status.
Wall Street lifts price targets amid durable tailwinds like balance sheet growth and dovish Fed outlook, with shares up 34% this year beating sector averages.

Sentiment:

🐃Bullish

Investment Analysis

JPMorgan Chase

JPM

Pros

JPMorgan Chase leads in 13 out of 18 key financial metrics compared to Wells Fargo, showing overall stronger performance.
JPMorgan reported earnings per share surpassing expectations with 8.8% year-over-year revenue growth recently.
The company has the largest market capitalization in the US banking sector, indicating industry dominance and scale.

Considerations

JPMorgan's valuation metrics indicate it is trading at a premium compared to Wells Fargo, including higher price-to-book and price-to-sales ratios.
The bank has significantly higher total debt than Wells Fargo, which could raise concerns about leverage and financial risk.
Despite strong fundamentals, JPMorgan's growth rating and risk ratings suggest moderate execution risks and valuation pressure.

Wells Fargo

WFC

Pros

Wells Fargo is valued lower than JPMorgan on most price multiples, offering potentially better value entry points.
The company has a strong outlook rating and seasonal performance compared to JPMorgan, indicating steadier market sentiment.
Wells Fargo’s target price was recently revised positively, reflecting analyst confidence in its near-term price appreciation.

Considerations

Wells Fargo's market capitalization and revenue are less than half of JPMorgan’s, indicating smaller scale and market influence.
The bank has underperformed JPMorgan in stock return growth over the past year, showing weaker market momentum.
Wells Fargo has a lower book value per share and generally inferior profitability metrics versus JPMorgan, indicating weaker fundamentals.

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