Independent equity research
Is JPMorgan Chase (JPM) a Buy, Hold or Sell?
JPMorgan Chase — our independent, AI-built valuation and rating, in brief.
HOLD
12-mo fair value
$330.00
To fair value
−7%
Report dated 2026-07-14 · fair value derived independently of the market price.
The thesis, in brief
Blow-out Q2, 29% ROTCE (23% ex a one-off Visa gain), ~3.0x TBV (99th pct); best megabank but fully valued. Excess-return cross-check ~$275–300
How we value it
We value JPMorgan Chase using Justified P/TBV (ROTCE-g)/(COE-g) + excess-return. The 12-month fair value is set from that intrinsic estimate first, then compared to the market to read the upside or downside — never anchored to the current price.
What the full report covers
- Business & moat + industry cycle
- Earnings quality & normalization
- ROTCE vs cost of equity
- Balance-sheet safety & capital (CET1)
- P/TBV + excess-return / residual-income
- Bear / base / bull fair values
- Earnings-call analysis
- Insider activity & positioning
- Technicals (RSI / ADX)
- A falsifiable thesis
Read the full JPMorgan Chase report
The complete model, the scenarios, and every number behind the call — plus 38 other names. One subscription, cancel anytime.