JPMorgan Chase vs Wells Fargo
JPMorgan Chase is the larger business, with $182.45bn of revenue in fiscal 2025 against $83.70bn for Wells Fargo (2.2 times as much). JPMorgan Chase grew faster (2.8% against 1.7%). JPMorgan Chase kept more of each dollar of sales as profit: a net margin of 31.3% against 25.5%.
| Latest fiscal year | JPMorgan ChaseJPM, 2025 | Wells FargoWFC, 2025 |
|---|---|---|
| Revenue | $182.45bn | $83.70bn |
| Revenue growth | 2.8% | 1.7% |
| Net income | $57.05bn | $21.34bn |
| Operating margin | — | — |
| Net margin | 31.3% | 25.5% |
| Return on equity | 16.1% | 11.8% |
| Free cash flow | — | — |
| Cash | $343.34bn | $172.59bn |
| Total debt | $499.98bn | $193.03bn |
| Debt to equity | — | — |
| Dividend per share | $5.80 | $1.70 |
| Dividend yield | 1.9% | 2.2% |
| Share buybacks | $31.59bn | $17.52bn |
| Employees | 318,512 | 205,000 |
| Market value | $908.13bn | $256.20bn |
| Price vs our value range | — | — |
| Moat score | 87 (Strong) | 65 (Moderate) |
| Insider trades, 12 months | 0 buys, 46 sales | 0 buys, 3 sales |