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 (+25.94%) and forward P/E quality (11.77x vs 14.30x 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 meaningfully more upside for BAC (+10.35%) than for JPM (+4.74%).
Human Wall Street analysts' price targets, typically implying a ~12-month view — a separate signal from this site's own AI Prediction Signal further down the page, which is a 5-/30-day machine-learning forecast based on price history alone.
- 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 scorei | 58.7 | 54.2 |
| AI ranki | #201 | #300 |
| Latest closei | $358.64 | $62.68 |
| 1M returni | +0.31% | -0.78% |
| 6M returni | +23.70% | +30.86% |
| 1Y returni | +21.83% | +25.94% |
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 | $12.24K (+22.4%) started 2025-09-08 | $12.67K (+26.7%) started 2025-09-08 |
| 5Y ago | $27.75K (+177.5%) started 2021-09-09 | $18.4K (+84.0%) started 2021-09-09 |
| 10Y ago | $89.44K (+794.4%) started 2016-09-09 | $59.41K (+494.1%) started 2016-09-09 |
Hypothetical — past performance does not guarantee future results.
| Metric | JPM | BAC |
|---|---|---|
| Market capi | $950.62B | $435.79B |
| Trailing P/Ei | 15.32 | 14.39 |
| Forward P/Ei | 14.30 | 11.77 |
| Price/Salesi | 4.38 | 3.48 |
| EV/Revenuei | 4.23 | 3.35 |
| Analyst targeti | $374.57 | $68.77 |
| Target upsidei | +4.74% | +10.35% |
| Metric | JPM | BAC |
|---|---|---|
| Revenue growthi | 30.40% | 16.80% |
| Earnings growthi | 46.90% | 34.10% |
| EPS growthi | +46.90% | +34.10% |
| FCF margini | N/A | N/A |
| Operating margini | 50.39% | 38.30% |
| Profit margini | 34.92% | 29.52% |
| ROIC proxyi | 17.79% | 11.20% |
| Return on equityi | 17.79% | 11.20% |
| Dividend yieldi | 1.68% | 2.05% |
| Betai | 0.98 | 1.17 |
| Debt/equityi | N/A | N/A |
| Current ratioi | N/A | N/A |
| Quick ratioi | N/A | N/A |
Over the past year, JPM and BAC have moved strongly in the same direction (correlation of 0.75), based on daily returns.
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 | Growthi | +22.44% | +26.73% |
| CAGRi | +22.49% | +26.79% | |
| Volatilityi | 22.04% | 21.30% | |
| Sharpe ratioi | 0.83 | 1.01 | |
| Sortino ratioi | 1.16 | 1.41 | |
| Max drawdowni | 15.47% | 18.39% | |
| Current drawdowni | 1.79% | 3.29% | |
| Avg drawdowni | 5.02% | 4.94% | |
| Ulcer Indexi | 6.65% | 7.07% | |
| Max daily dropi | 4.66% | 4.72% | |
| Max wkly dropi | 7.09% | 7.04% | |
| 5Y | Growthi | +149.32% | +67.54% |
| CAGRi | +20.06% | +10.88% | |
| Volatilityi | 24.40% | 26.62% | |
| Sharpe ratioi | 0.69 | 0.35 | |
| Sortino ratioi | 0.99 | 0.51 | |
| Max drawdowni | 38.77% | 46.64% | |
| Current drawdowni | 1.79% | 3.29% | |
| Avg drawdowni | 9.74% | 17.43% | |
| Ulcer Indexi | 13.69% | 22.34% | |
| Max daily dropi | 7.48% | 11.06% | |
| Max wkly dropi | 13.76% | 16.63% | |
| 10Y | Growthi | +583.38% | +381.90% |
| CAGRi | +21.20% | +17.04% | |
| Volatilityi | 27.34% | 30.44% | |
| Sharpe ratioi | 0.68 | 0.52 | |
| Sortino ratioi | 0.99 | 0.76 | |
| Max drawdowni | 43.63% | 48.95% | |
| Current drawdowni | 1.79% | 3.29% | |
| Avg drawdowni | 8.87% | 13.78% | |
| Ulcer Indexi | 13.15% | 18.82% | |
| Max daily dropi | 14.96% | 15.40% | |
| Max wkly dropi | 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
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