BAC vs JPM
Bank of America Corp. and JPMorgan Chase & Co., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | BAC | JPM |
|---|---|---|
| Revenue | $113.1B | $182.4B |
| Net income | $30.5B | $57.0B |
| Gross margin | · | · |
| Net margin | 27.0% | 31.3% |
| Return on equity | 10.2% | 16.1% |
| Diluted EPS | $3.81 | $20.02 |
| Dividend / share | $1.08 | $5.80 |
| Payout ratio | · | 29.1% |
| Free cash flow | · | · |
| Equity | $303.2B | $362.4B |
| Net debt / equity | 0.44× | 0.43× |
| Current ratio | · | · |
| Revenue CAGR 5y | 5.7% | 8.7% |
| Profit CAGR 5y | 11.3% | 14.4% |
JPM bills 1.6× the revenue of BAC, and keeps more of each dollar of revenue as profit (31.3% against 27.0%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | BAC | JPM |
|---|---|---|
| FY2025 | $113.1B | $182.4B |
| FY2024 | $105.9B | $177.6B |
| FY2023 | $102.8B | $158.1B |
| FY2022 | $95.0B | $128.7B |
| FY2021 | $89.1B | $121.6B |
| FY2020 | $85.5B | $120.0B |
| FY2019 | $91.2B | $115.7B |
| FY2018 | $91.0B | $108.8B |
| FY2017 | $87.1B | $100.7B |
| FY2016 | $83.7B | $96.6B |
Bottom line
| Fiscal year | BAC | JPM |
|---|---|---|
| FY2025 | $30.5B | $57.0B |
| FY2024 | $27.0B | $58.5B |
| FY2023 | $26.3B | $49.6B |
| FY2022 | $27.5B | $37.7B |
| FY2021 | $32.0B | $48.3B |
| FY2020 | $17.9B | $29.1B |
| FY2019 | $27.4B | $36.4B |
| FY2018 | $28.1B | $32.5B |
| FY2017 | $18.2B | $24.4B |
| FY2016 | $17.8B | $24.7B |
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$69,350,000,000 | JPM |
| FY2024 | −$71,700,000,000 | JPM |
| FY2023 | −$55,335,000,000 | JPM |
| FY2022 | −$33,745,000,000 | JPM |
| FY2021 | −$32,536,000,000 | JPM |
| FY2020 | −$34,423,000,000 | JPM |
| FY2019 | −$24,476,000,000 | JPM |
| FY2018 | −$17,763,000,000 | JPM |
| FY2017 | −$13,579,000,000 | JPM |
| FY2016 | −$12,868,000,000 | JPM |
| FY2015 | −$10,578,000,000 | JPM |
| FY2014 | −$9,218,000,000 | JPM |
| FY2013 | −$8,425,000,000 | JPM |
| FY2012 | −$13,697,000,000 | JPM |
| FY2011 | −$3,780,000,000 | JPM |
| FY2010 | +$7,526,000,000 | BAC |
| FY2009 | +$19,209,000,000 | BAC |
| FY2008 | +$5,530,000,000 | BAC |
| FY2007 | −$4,539,000,000 | JPM |
The higher-revenue side has changed between BAC and JPM over this period. The gap has widened since the earliest year compared.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −4.3 pp | JPM |
| FY2024 | −7.5 pp | JPM |
| FY2023 | −5.7 pp | JPM |
| FY2022 | −0.3 pp | JPM |
| FY2021 | −3.8 pp | JPM |
| FY2020 | −3.4 pp | JPM |
| FY2019 | −1.4 pp | JPM |
| FY2018 | +1.1 pp | BAC |
| FY2017 | −3.3 pp | JPM |
| FY2016 | −4.3 pp | JPM |
| FY2015 | −7.0 pp | JPM |
| FY2014 | −16.4 pp | JPM |
| FY2013 | −5.6 pp | JPM |
| FY2012 | −16.9 pp | JPM |
| FY2011 | −18.0 pp | JPM |
| FY2010 | −18.9 pp | JPM |
| FY2009 | −6.4 pp | JPM |
| FY2008 | −2.8 pp | JPM |
| FY2007 | +0.9 pp | BAC |
The higher net margin has changed hands between BAC and JPM over this period.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
BAC's net margin has been more volatile than JPM's over the 19 comparable fiscal years — 11.0 percentage points of standard deviation against 7.5.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between BAC and JPM over these 19 fiscal years — BAC led in 2 and JPM in 17.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
BAC's return on equity has been more volatile than JPM's over the 19 comparable fiscal years — 3.8 percentage points of standard deviation against 3.4.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
JPM led in return on equity in every one of the 19 comparable fiscal years — a structural lead, not a recent swing.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.