Bank of America vs JPMorgan Chase
JPMorgan Chase is the larger business, with $182.45bn of revenue in fiscal 2025 against $113.10bn for Bank of America (1.6 times as much). Bank of America grew faster (6.8% against 2.8%). JPMorgan Chase kept more of each dollar of sales as profit: a net margin of 31.3% against 27.0%.
| Latest fiscal year | Bank of AmericaBAC, 2025 | JPMorgan ChaseJPM, 2025 |
|---|---|---|
| Revenue | $113.10bn | $182.45bn |
| Revenue growth | 6.8% | 2.8% |
| Net income | $30.51bn | $57.05bn |
| Operating margin | — | — |
| Net margin | 27.0% | 31.3% |
| Return on equity | 10.2% | 16.1% |
| Free cash flow | — | — |
| Cash | $231.84bn | $343.34bn |
| Total debt | $365.90bn | $499.98bn |
| Debt to equity | — | — |
| Dividend per share | $1.08 | $5.80 |
| Dividend yield | 2.9% | 1.9% |
| Share buybacks | $21.43bn | $31.59bn |
| Employees | 213,000 | 318,512 |
| Market value | $342.53bn | $908.13bn |
| Price vs our value range | — | — |
| Moat score | 75 (Strong) | 87 (Strong) |
| Insider trades, 12 months | 51 buys, 98 sales | 0 buys, 46 sales |