JPM vs BAC: JPMorgan vs Bank of America Stock Comparison: AI Score, Valuation, Performance and Upside
JPMorgan is generally considered the higher-quality franchise — best-in-class across every segment with superior through-cycle earnings power — while Bank of America offers a more rate-sensitive balance sheet, a large wealth management business via Merrill Lynch, and tends to trade at a valuation discount to JPM that can make it more attractive on a pure value basis.
Use this JPM vs BAC comparison to choose between quality premium and value opportunity in US large-cap banking. JPM commands a premium for consistent excellence; BAC can offer more upside when rate conditions improve and its NII headwinds reverse.
BAC holds the edge across 3 of 5 key metrics in this comparison. BAC leads on both 1-year return (+28.28%) and forward P/E quality (11.67x vs 13.89x for JPM), a relatively favorable combination of momentum and valuation. JPM leads on both revenue growth (30.40%) and operating margin (50.39%), suggesting a stronger fundamental setup on both dimensions. Analyst consensus implies similar upside for both: +7.76% for JPM and +10.48% for BAC.
- →Want the highest-quality US bank franchise with consistent through-cycle earnings power
- →Value strong investment banking fee diversification alongside consumer and wealth management
- →Prefer proven risk management and credit discipline with a long track record
- →Are comfortable paying a premium multiple for best-in-class execution
- →Want US large-cap banking exposure at a valuation discount to the sector leader
- →Believe NII will recover as deposit repricing normalises and rate cuts slow
- →Value Merrill Lynch's wealth management recurring revenue as a durable business
- →Prefer higher rate sensitivity as a potential earnings catalyst in a stable-rate environment
| Metric | JPM | BAC |
|---|---|---|
| AI score | 62.2 | 54.4 |
| AI rank | #99 | #297 |
| Latest close | $349.90 | $61.28 |
| 1M return | +4.72% | +5.82% |
| 6M return | +15.85% | +17.69% |
| 1Y return | +20.06% | +28.28% |
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | JPM | BAC |
|---|---|---|
| 1Y ago | $11.79K (+17.9%) started 2025-07-23 | $12.73K (+27.3%) started 2025-07-23 |
| 5Y ago | $28.42K (+184.2%) started 2021-07-26 | $19.52K (+95.2%) started 2021-07-26 |
| 10Y ago | $91.06K (+810.6%) started 2016-07-25 | $64.27K (+542.7%) started 2016-07-25 |
Hypothetical — past performance does not guarantee future results.
| Metric | JPM | BAC |
|---|---|---|
| Market cap | $906.71B | $434.81B |
| Trailing P/E | 14.62 | 14.15 |
| Forward P/E | 13.89 | 11.67 |
| Price/Sales | 4.38 | 3.48 |
| EV/Revenue | 2.38 | 1.53 |
| Analyst target | $367.57 | $67.69 |
| Target upside | +7.76% | +10.48% |
| Metric | JPM | BAC |
|---|---|---|
| Revenue growth | 30.40% | 21.40% |
| Earnings growth | 46.90% | 36.00% |
| EPS growth | +46.90% | +36.00% |
| FCF margin | N/A | N/A |
| Operating margin | 50.39% | 38.30% |
| Profit margin | 34.92% | 29.52% |
| ROIC proxy | 17.79% | 11.20% |
| Return on equity | 17.79% | 11.20% |
| Dividend yield | 1.76% | 1.83% |
| Beta | 0.98 | 1.18 |
| Debt/equity | N/A | N/A |
| Current ratio | N/A | N/A |
| Quick ratio | N/A | N/A |
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
| Period | Metric | JPM | BAC |
|---|---|---|---|
| 1Y | Growth | +17.91% | +27.30% |
| CAGR | +17.93% | +27.34% | |
| Sharpe ratio | 0.66 | 1.02 | |
| Max drawdown | 15.47% | 18.39% | |
| Max daily drop | 4.66% | 4.72% | |
| Max wkly drop | 7.09% | 7.04% | |
| 5Y | Growth | +155.34% | +76.73% |
| CAGR | +20.66% | +12.08% | |
| Sharpe ratio | 0.71 | 0.39 | |
| Max drawdown | 38.77% | 46.64% | |
| Max daily drop | 7.48% | 11.06% | |
| Max wkly drop | 13.76% | 16.63% | |
| 10Y | Growth | +595.74% | +418.45% |
| CAGR | +21.42% | +17.90% | |
| Sharpe ratio | 0.68 | 0.55 | |
| Max drawdown | 43.63% | 48.95% | |
| Max daily drop | 14.96% | 15.40% | |
| Max wkly drop | 23.11% | 24.86% |
| Category | JPM | BAC |
|---|---|---|
| Company | JPMorgan Chase & Co. | Bank of America Corporation |
| Sector | Financial Services | Financial Services |
| Industry | Banks - Diversified | Banks - Diversified |
| Core business | The largest US bank by assets. Operates Consumer & Community Banking, Commercial Banking, Corporate & Investment Bank, and Asset & Wealth Management segments. | Second-largest US bank. Operates Consumer Banking, Global Wealth & Investment Management (Merrill), Global Banking, and Global Markets segments. |
| Investor focus | Net interest income trajectory, investment banking fee recovery, credit quality, CET1 capital ratio, and efficiency ratio. | NII recovery as deposit repricing normalises, Merrill Lynch wealth management growth, credit quality, and operating leverage. |
- →Dominant franchise across every major banking vertical — retail, institutional, investment, and wealth management
- →Best-in-class credit underwriting and risk management with a long track record through credit cycles
- →Exceptional investment banking market share and fee revenue diversification
- →Highly rate-sensitive balance sheet — among the biggest NII beneficiaries in a rising-rate environment
- →Merrill Lynch provides a large, recurring wealth management revenue stream
- →Strong digital banking adoption reducing cost-to-serve for retail customers
- →NII sensitivity to rate cuts as the Fed easing cycle progresses
- →High valuation relative to peers leaves less margin of safety on disappointments
- →Credit card loss rates as consumer credit normalises from pandemic lows
- →Held-to-maturity bond portfolio duration risk and unrealised losses
- →Higher NII sensitivity to rate cuts than peers — more earnings exposed to falling rates
- →Consumer credit quality as lower-income cohorts face ongoing affordability pressure
Want deeper AI forecasts?
This comparison page is public and free forever. Subscribers can unlock saved watchlists, full AI rankings, detailed forecasts, and interactive analysis tools.