Financials JPMorgan Chase & Co.

Equities

JPM

US46625H1005

Banks

Real-time Estimate Cboe BZX Other stock markets 13:59:56 2025-12-08 EST			5-day change	1st Jan Change
313.86 ^USD	-0.37%		+1.68%	+31.03%

10:25am	JPMorgan CEO Dimon Says Europe Has a 'Real Problem'	MT
09:44am	Todd Combs leaves Berkshire Hathaway to lead a Global Strategic Initiative at JPMorgan

Projected Income Statement: JPMorgan Chase & Co.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	119,543	121,649	128,695	158,104	177,556	182,662	189,209	195,665
Change	-	1.76%	5.79%	22.85%	12.3%	2.88%	3.58%	3.41%
EBITDA	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EBIT ¹	52,887	50,306	52,555	70,932	85,759	86,804	88,302	90,976
Change	-	-4.88%	4.47%	34.97%	20.9%	1.22%	1.73%	3.03%
Interest Paid	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	35,407	59,562	46,166	61,612	75,081	73,976	76,465	79,442
Change	-	68.22%	-22.49%	33.46%	21.86%	-1.47%	3.36%	3.89%
Net income ¹	27,410	46,503	35,892	47,760	56,868	56,395	56,615	59,174
Change	-	69.66%	-22.82%	33.07%	19.07%	-0.83%	0.39%	4.52%
Announcement Date	1/15/21	1/14/22	1/13/23	1/12/24	1/15/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3
Net sales ¹	29,224	32,266	30,479	29,647	29,257	30,717	30,715	32,716	34,547	38,349	41,307	39,874	38,574	41,934	50,200	42,654	42,768	45,310	44,912	46,427	45,980	47,482	47,272	48,155	47,732	-	-	-
Change	-	10.41%	-5.54%	-2.73%	-1.32%	4.99%	-0.01%	6.51%	5.6%	11.01%	7.71%	-3.47%	-3.26%	8.71%	19.71%	-15.03%	0.27%	5.94%	-0.88%	3.37%	-0.96%	3.27%	-0.44%	1.87%	-0.88%	-	-	-
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	13,176	13,541	12,812	12,584	11,369	11,526	11,966	13,538	15,525	18,242	20,485	18,117	14,088	19,177	26,487	20,089	20,006	21,713	21,133	22,146	21,245	21,890	22,121	22,296	21,622	21,968	22,216	22,404
Change	-	2.77%	-5.38%	-1.78%	-9.66%	1.38%	3.82%	13.14%	14.68%	17.5%	12.3%	-11.56%	-22.24%	36.12%	38.12%	-24.16%	-0.41%	8.53%	-2.67%	4.79%	-4.07%	3.04%	1.05%	0.79%	-3.03%	1.6%	1.13%	0.84%
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	15,065	17,697	15,097	14,111	12,657	10,063	10,865	12,001	13,237	15,967	17,586	16,733	11,326	17,293	23,435	16,978	17,375	18,408	18,284	18,743	18,163	18,966	19,240	19,609	18,821	17,931	18,501	18,964
Change	-	17.47%	-14.69%	-6.53%	-10.3%	-20.49%	7.97%	10.46%	10.3%	20.62%	10.14%	-4.85%	-32.31%	52.68%	35.52%	-27.55%	2.34%	5.95%	-0.67%	2.51%	-3.1%	4.43%	1.44%	1.92%	-4.02%	-4.73%	3.18%	2.5%
Net income ¹	11,699	13,851	11,496	11,229	9,927	7,845	8,195	9,255	10,598	12,193	14,011	12,685	8,870	12,942	17,718	12,537	13,669	14,317	14,630	14,043	13,379	14,024	14,194	14,451	13,849	13,941	14,033	14,204
Change	-	18.39%	-17%	-2.32%	-11.59%	-20.97%	4.46%	12.93%	14.51%	15.05%	14.91%	-9.46%	-30.07%	45.91%	36.9%	-29.24%	9.03%	4.74%	2.19%	-4.01%	-4.73%	4.82%	1.21%	1.81%	-4.16%	0.66%	0.66%	1.21%
Announcement Date	1/15/21	4/14/21	7/13/21	10/13/21	1/14/22	4/13/22	7/14/22	10/14/22	1/13/23	4/14/23	7/14/23	10/13/23	1/12/24	4/12/24	7/12/24	10/11/24	1/15/25	4/11/25	7/15/25	10/14/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: JPMorgan Chase & Co.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Announcement Date	1/15/21	1/14/22	1/13/23	1/12/24	1/15/25	-	-	-

Estimates

Cash Flow Forecast: JPMorgan Chase & Co.

Fiscal Period:

Estimates

Forecast Financial Ratios: JPMorgan Chase & Co.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	-	-	-	-	-	-	-	-	-
EBIT Margin (%)	-	44.24%	41.35%	40.84%	44.86%	48.3%	47.52%	46.67%	46.5%
EBT Margin (%)	-	29.62%	48.96%	35.87%	38.97%	42.29%	40.5%	40.41%	40.6%
Net margin (%)	-	22.93%	38.23%	27.89%	30.21%	32.03%	30.87%	29.92%	30.24%
FCF margin (%)	-	-	-	-	-	-	-	-	-
FCF / Net Income (%)	-	-	-	-	-	-	-	-	-
Profitability
ROA	-	0.91%	1.3%	0.98%	1.3%	1.43%	1.3%	1.26%	1.25%
ROE	-	12%	19%	14%	17%	18%	16.84%	16.49%	16.93%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	-	-	-	-	-	-	-	-
CAPEX / EBITDA (%)	-	-	-	-	-	-	-	-	-
CAPEX / FCF (%)	-	-	-	-	-	-	-	-	-
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-
Dividend per Share ¹	-	3.6	3.8	4	4.1	4.8	5.789	6.346	6.915
Change	-	-	5.56%	5.26%	2.5%	17.07%	20.61%	9.61%	8.98%
Book Value Per Share ¹	-	81.75	88.07	90.29	104.4	116.1	126.5	134.4	142.1
Change	-	-	7.73%	2.52%	15.68%	11.12%	8.98%	6.25%	5.71%
EPS ¹	-	8.88	15.36	12.09	16.23	19.75	20.33	21.22	22.95
Change	-	-	72.97%	-21.29%	34.24%	21.69%	2.96%	4.36%	8.14%
Nbr of stocks (in thousands)	-	3,048,203	2,955,266	2,933,205	2,891,008	2,815,340	2,722,262	2,722,262	2,722,262
Announcement Date	-	1/15/21	1/14/22	1/13/23	1/12/24	1/15/25	-	-	-