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. JPM has delivered stronger 1-year price return (+12.74% vs -1.06%), though BAC has the better forward P/E setup (11.84x vs 14.30x for JPM). 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 (+10.07%) 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 | 52.4 | 53.1 |
| AI ranki | #232 | #329 |
| Latest closei | $331.58 | $50.56 |
| 1M returni | -1.76% | -9.71% |
| 3M returni | -6.12% | -18.52% |
| 6M returni | +7.56% | -2.86% |
| 1Y returni | +12.74% | -1.06% |
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 | $11.26K (+12.6%) started 2025-10-23 | $9.77K (-2.3%) started 2025-10-23 |
| 5Y ago | $23.59K (+135.9%) started 2021-10-25 | $12.79K (+27.9%) started 2021-10-25 |
| 10Y ago | $78.74K (+687.4%) started 2016-10-24 | $44.98K (+349.8%) started 2016-10-24 |
Hypothetical — past performance does not guarantee future results.
| Metric | JPM | BAC |
|---|---|---|
| Market capi | $950.62B | $438.38B |
| Trailing P/Ei | 15.32 | 14.48 |
| Forward P/Ei | 14.30 | 11.84 |
| Price/Salesi | 4.38 | 3.48 |
| EV/Revenuei | 4.23 | 3.37 |
| Analyst targeti | $374.57 | $69.00 |
| Target upsidei | +4.74% | +10.07% |
| 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% | 2.04% |
| Payout ratioi | 25.71% | 25.87% |
| Dividend growth streaki | No increase yet | No increase yet |
| Betai | 0.98 | 1.16 |
| 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 0.74), 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 | +12.58% | -2.32% |
| CAGRi | +12.59% | -2.32% | |
| Volatilityi | 22.02% | 21.79% | |
| Sharpe ratioi | 0.45 | -0.20 | |
| Sortino ratioi | 0.61 | -0.26 | |
| Max drawdowni | 15.47% | 22.25% | |
| Current drawdowni | 9.20% | 21.99% | |
| Avg drawdowni | 5.57% | 6.63% | |
| Ulcer Indexi | 7.06% | 9.03% | |
| Max daily dropi | 4.66% | 5.14% | |
| Max wkly dropi | 7.09% | 7.91% | |
| 5Y | Growthi | +113.38% | +16.43% |
| CAGRi | +16.38% | +3.09% | |
| Volatilityi | 24.26% | 26.57% | |
| Sharpe ratioi | 0.56 | 0.08 | |
| Sortino ratioi | 0.81 | 0.11 | |
| Max drawdowni | 38.64% | 46.64% | |
| Current drawdowni | 9.20% | 21.99% | |
| Avg drawdowni | 9.81% | 17.78% | |
| Ulcer Indexi | 13.64% | 22.48% | |
| Max daily dropi | 7.48% | 11.06% | |
| Max wkly dropi | 13.76% | 16.63% | |
| 10Y | Growthi | +507.04% | +264.84% |
| CAGRi | +19.77% | +13.82% | |
| Volatilityi | 27.36% | 30.51% | |
| Sharpe ratioi | 0.63 | 0.43 | |
| Sortino ratioi | 0.93 | 0.63 | |
| Max drawdowni | 43.63% | 48.95% | |
| Current drawdowni | 9.20% | 21.99% | |
| Avg drawdowni | 8.94% | 13.95% | |
| Ulcer Indexi | 13.17% | 18.90% | |
| 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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