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STOCK COMPARISON

Bank of America vs JPMorgan Chase: Fair Value & Quality

Both stocks run through our valuation models. Here is how Bank of America (BAC) and JPMorgan Chase (JPM) compare, as of Nov 4, 2026.

As of Nov 4, 2026, Fair Value Calculator sees Bank of America as the less overvalued of the two: Bank of America trades at $51.63 versus a fair value of $42.16 (−18.3%), while JPMorgan Chase trades at $352 versus $187 (−46.9%).
Bank of America
BAC · USD · Financials
−18.3%
upside to fair value
overvalued
Price$51.63
Fair Value$42.16
Quality60/100
Fair ValueQualityUptrend
JPMorgan Chase
JPM · USD · Financials
−46.9%
upside to fair value
overvalued
Price$352
Fair Value$187
Quality64/100
Fair ValueQualityUptrend
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Bank of AmericaJPMorgan Chase
Valuation
12.5×P/E (TTM)14.8×
11.1×P/E ex one-offs (FY2025)17.2×
10.0×Forward P/E (FY2027)13.8×
12.3×Median P/E at FY-end (10 FY, ex one-offs where documented)12.1×
3.28×P/S (TTM)5.16×
1.24×P/B2.71×
11.6×EV/EBITDA13.2×
0.85×PEG1.57×
−18.3%Fair value upside−46.9%
2.2%Dividend yield1.7%
$1.16Dividend per share$6.15
Profitability
31.3%Operating margin42.6%
0.77×EBIT margin trend (5Y)0.94×
10.7%Return on equity18.0%
0.9%Return on assets1.3%
Growth
7.1%Revenue growth (YoY)10.2%
26.4%Avg. growth/yr (3Y)22.1%
20.9%Avg. growth/yr (5Y)16.6%
+10.2%Value creation/yr+14.3%
Balance & size
0.5×Interest coverage (EBIT/interest)0.7×
1.05×Debt / equity1.20×
$377BMarket cap$984B
mixedGrowth qualityhealthy
The P/E excluding one-off items is only shown where the special items are documented in the accounts (our own raw data or SEC filings). If one side lacks it, the reported P/E stays scored.
Bank of America, median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, 5 of the years ex one-offs: 12.3. JPMorgan Chase, median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, FY2020, FY2023 ex one-offs: 12.1.
Forward P/E: price divided by the analyst consensus for the first fiscal year that has not started yet. The current year carries special items from quarters already reported.

Bank of America leads: 10 to 6 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Bank of America JPMorgan Chase
ProfitabilityHow much profit the company makes from its sales and capital
28
35
Quality GrowthAre margins and returns getting better?
62
44
CashflowDo the profits arrive as real cash?
43
96
Financial strengthDebt, balance sheet and risk of trouble
23
26
InvestmentDoes it invest with discipline instead of growing at any price?
88
77
Low VolatilityHow calm the share price moves, does not count
65
72
Price momentumPrice momentum of the last 3 to 12 months, does not count
33
49
Near the 52-week highDistance to the 52-week high, does not count
31
69
New sharesBuys back shares or issues new ones?
100
90

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyBank of AmericaPrice $51.63JPMorgan ChasePrice $352
Dividend Discount−54.9%below the price$23.31−67.5%below the price$114
Multiples0%close to the price$51.63−38.0%below the price$218
Asset-Based−56.9%below the price$22.27−78.6%below the price$75.18
Economic Profit−18.3%below the price$42.16−46.9%below the price$187
Matching families4 of 4
Minimum−56.9%below the price$22.27−78.6%below the price$75.18
Maximum0%close to the price$51.63−38.0%below the price$218
Median−36.6%below the price$32.74−57.2%below the price$151
Geometric mean−36.9%below the price$32.60−61.1%below the price$137
Ahead family by family4 of 40 of 4

Minimum, maximum, median and geometric mean only use the families both stocks have (matching families: 4 of 4), so a family without a value on one side does not distort the comparison. Ahead in a family is the stock whose fair value there sits higher relative to its price. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Family by family: Bank of America is ahead in 4 of 4 shared families, JPMorgan Chase in none.

Bank of America: 5 of 6 models see the stock below the current price.

JPMorgan Chase: 6 of 6 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Bank of America
Price $51.63
Fair Value $42.16
Bear $38.10Bull $53.30
JPMorgan Chase
Price $352
Fair Value $187
Bear $144Bull $273

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Bank of America · Financials

Quality score60 · above median
Fair value upside−18.3% · below median

JPMorgan Chase · Financials

Quality score64 · Top 25%
Fair value upside−46.9% · bottom 25%

Bottom line

As of Nov 4, 2026, Fair Value Calculator sees Bank of America as the less overvalued of the two: Bank of America trades at $51.63 versus a fair value of $42.16 (−18.3%), while JPMorgan Chase trades at $352 versus $187 (−46.9%).

JPMorgan Chase has the higher quality score (64/100).

Open Bank of America live analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.