Financials JPMorgan Chase & Co.

Equities

JPM

US46625H1005

Banks

Market Closed - Nyse Other stock markets 04:00:02 2025-03-21 pm EDT			After market 07:47:42 pm
241.63 ^USD	+1.10%		243.14	+0.62%

Mar. 21	Sector Update: Financial Stocks Decline Late Afternoon	MT
Mar. 21	Sector Update: Financial Stocks Retreat Friday Afternoon	MT

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	176,351	182,715	185,557
Change	-	1.76%	5.79%	22.85%	12.3%	-0.68%	3.61%	1.56%
EBITDA	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EBIT ¹	52,887	50,306	52,555	70,932	85,759	78,321	79,357	72,354
Change	-	-4.88%	4.47%	34.97%	20.9%	-8.67%	1.32%	-8.82%
Interest Paid	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	35,407	59,562	46,166	61,612	75,081	67,918	69,848	68,824
Change	-	68.22%	-22.49%	33.46%	21.86%	-9.54%	2.84%	-1.47%
Net income ¹	27,410	46,503	35,892	47,760	56,868	52,361	53,775	55,108
Change	-	69.66%	-22.82%	33.07%	19.07%	-7.93%	2.7%	2.48%
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 Q1	2020 Q2	2020 Q3	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
Net sales ¹	28,251	32,980	29,147	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	43,611	43,832	43,803	44,057	45,508	45,835	45,928	46,080
Change	-	16.74%	-11.62%	0.26%	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%	1.97%	0.51%	-0.07%	0.58%	3.29%	0.72%	0.2%	0.33%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	11,401	16,038	12,272	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	20,280	19,823	19,654	19,139	20,010	20,337	20,534	18,897
Change	-	40.67%	-23.48%	7.37%	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%	1.37%	-2.25%	-0.85%	-2.62%	4.55%	1.63%	0.97%	-7.97%
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	3,116	5,565	11,661	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	17,271	17,087	17,116	16,921	17,739	17,672	17,722	17,505
Change	-	78.59%	109.54%	29.19%	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%	-0.6%	-1.07%	0.17%	-1.14%	4.83%	-0.38%	0.28%	-1.22%
Net income ¹	2,431	4,265	9,015	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	13,073	13,023	12,909	13,062	13,560	13,542	13,502	13,582
Change	-	75.44%	111.37%	29.77%	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%	-4.36%	-0.38%	-0.87%	1.19%	3.81%	-0.13%	-0.3%	0.6%
Announcement Date	4/14/20	7/14/20	10/13/20	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	-	-	-	-	-	-	-	-

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%	44.41%	43.43%	38.99%
EBT Margin (%)	-	29.62%	48.96%	35.87%	38.97%	42.29%	38.51%	38.23%	37.09%
Net margin (%)	-	22.93%	38.23%	27.89%	30.21%	32.03%	29.69%	29.43%	29.7%
FCF margin (%)	-	-	-	-	-	-	-	-	-
FCF / Net Income (%)	-	-	-	-	-	-	-	-	-
Profitability
ROA	-	0.91%	1.3%	0.98%	1.3%	1.43%	1.27%	1.26%	1.24%
ROE	-	12%	19%	14%	17%	18%	15.61%	15.47%	15.67%
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	5.306	5.764	6.45
Change	-	-	5.56%	5.26%	2.5%	17.07%	10.54%	8.64%	11.89%
Book Value Per Share ¹	-	81.75	88.07	90.29	104.4	116.1	125.1	134.5	141.4
Change	-	-	7.73%	2.52%	15.68%	11.12%	7.79%	7.51%	5.12%
EPS ¹	-	8.88	15.36	12.09	16.23	19.75	18.41	19.69	21.62
Change	-	-	72.97%	-21.29%	34.24%	21.69%	-6.78%	6.92%	9.83%
Nbr of stocks (in thousands)	-	3,048,203	2,955,266	2,933,205	2,891,008	2,815,340	2,796,106	2,796,106	2,796,106
Announcement Date	-	1/15/21	1/14/22	1/13/23	1/12/24	1/15/25	-	-	-