JPMorgan Chase & Co
JPMorgan Chase & Co. operates as a bank and financial holding company in the United States, rest of North America, Europe, the Middle East, Africa, the Asia Pacific, Latin America, and the Caribbean. It operates in three segments: Consumer & Community Banking, Commercial & Investment Bank, and Asset & Wealth Management. The company offers deposit, investment and lending products, and cash managem… Read more
JPMorgan Chase & Co (JPM) - Net Assets
Latest net assets as of December 2025: $362.44 Billion USD
Based on the latest financial reports, JPMorgan Chase & Co (JPM) has net assets worth $362.44 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($4.42 Trillion) and total liabilities ($4.06 Trillion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $362.44 Billion |
| % of Total Assets | 8.19% |
| Annual Growth Rate | 13.58% |
| 5-Year Change | 23.23% |
| 10-Year Change | 42.59% |
| Growth Volatility | 35.22 |
JPMorgan Chase & Co - Net Assets Trend (1989–2025)
This chart illustrates how JPMorgan Chase & Co's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for JPMorgan Chase & Co (1989–2025)
The table below shows the annual net assets of JPMorgan Chase & Co from 1989 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $362.44 Billion | +5.13% |
| 2024-12-31 | $344.76 Billion | +5.15% |
| 2023-12-31 | $327.88 Billion | +12.16% |
| 2022-12-31 | $292.33 Billion | -0.61% |
| 2021-12-31 | $294.13 Billion | +5.29% |
| 2020-12-31 | $279.35 Billion | +6.90% |
| 2019-12-31 | $261.33 Billion | +1.88% |
| 2018-12-31 | $256.51 Billion | +0.32% |
| 2017-12-31 | $255.69 Billion | +0.59% |
| 2016-12-31 | $254.19 Billion | +2.67% |
| 2015-12-31 | $247.57 Billion | +6.84% |
| 2014-12-31 | $231.73 Billion | +9.73% |
| 2013-12-31 | $211.18 Billion | +3.48% |
| 2012-12-31 | $204.07 Billion | +11.17% |
| 2011-12-31 | $183.57 Billion | +4.24% |
| 2010-12-31 | $176.11 Billion | +6.50% |
| 2009-12-31 | $165.37 Billion | -0.91% |
| 2008-12-31 | $166.88 Billion | +35.43% |
| 2007-12-31 | $123.22 Billion | +6.42% |
| 2006-12-31 | $115.79 Billion | +8.00% |
| 2005-12-31 | $107.21 Billion | -30.25% |
| 2004-12-31 | $153.71 Billion | +162.99% |
| 2003-12-31 | $58.45 Billion | +38.16% |
| 2002-12-31 | $42.31 Billion | +1.58% |
| 2001-12-31 | $41.65 Billion | -11.06% |
| 2000-12-31 | $46.83 Billion | +93.76% |
| 1999-12-31 | $24.17 Billion | -0.91% |
| 1998-12-31 | $24.39 Billion | +9.40% |
| 1997-12-31 | $22.29 Billion | +3.47% |
| 1996-12-31 | $21.54 Billion | +80.86% |
| 1995-12-31 | $11.91 Billion | +11.20% |
| 1994-12-31 | $10.71 Billion | -4.05% |
| 1993-12-31 | $11.16 Billion | +13.33% |
| 1992-12-31 | $9.85 Billion | +35.30% |
| 1991-12-31 | $7.28 Billion | +86.36% |
| 1990-12-31 | $3.91 Billion | +5.45% |
| 1989-12-31 | $3.71 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to JPMorgan Chase & Co's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 81002.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $416.06 Billion | 114.79% |
| Common Stock | $4.11 Billion | 1.13% |
| Other Comprehensive Income | $-4.29 Billion | -1.18% |
| Total Equity | $362.44 Billion | 100.00% |
JPMorgan Chase & Co Competitors by Market Cap
The table below lists competitors of JPMorgan Chase & Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Eli Lilly and Company
NYSE:LLY
|
$883.37 Billion |
|
Berkshire Hathaway Inc
NYSE:BRK-A
|
$911.67 Billion |
|
Tesla Inc
NASDAQ:TSLA
|
$1.11 Trillion |
|
Gedeon Richter PLC
LSE:0QFP
|
$1.13 Trillion |
|
Exxon Mobil Corp
NYSE:XOM
|
$637.68 Billion |
|
Johnson & Johnson
NYSE:JNJ
|
$574.95 Billion |
|
Walmart Inc. Common Stock
NASDAQ:WMT
|
$550.25 Billion |
|
Visa Inc. Class A
NYSE:V
|
$539.53 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in JPMorgan Chase & Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 344,758,000,000 to 362,438,000,000, a change of 17,680,000,000 (5.1%).
- Net income of 57,048,000,000 contributed positively to equity growth.
- Dividend payments of 16,625,000,000 reduced retained earnings.
- Share repurchases of 34,591,000,000 reduced equity.
- New share issuances of 3,000,000,000 increased equity.
- Other comprehensive income increased equity by 8,166,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $57.05 Billion | +15.74% |
| Dividends Paid | $16.62 Billion | -4.59% |
| Share Repurchases | $34.59 Billion | -9.54% |
| Share Issuances | $3.00 Billion | +0.83% |
| Other Comprehensive Income | $8.17 Billion | +2.25% |
| Other Changes | $682.00 Million | +0.19% |
| Total Change | $- | 5.13% |
Book Value vs Market Value Analysis
This analysis compares JPMorgan Chase & Co's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.21x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 26.67x to 2.21x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1989-12-31 | $10.73 | $286.16 | x |
| 1990-12-31 | $14.48 | $286.16 | x |
| 1991-12-31 | $14.56 | $286.16 | x |
| 1992-12-31 | $13.73 | $286.16 | x |
| 1993-12-31 | $14.81 | $286.16 | x |
| 1994-12-31 | $14.09 | $286.16 | x |
| 1995-12-31 | $13.95 | $286.16 | x |
| 1996-12-31 | $15.43 | $286.16 | x |
| 1997-12-31 | $16.50 | $286.16 | x |
| 1998-12-31 | $18.28 | $286.16 | x |
| 1999-12-31 | $18.93 | $286.16 | x |
| 2000-12-31 | $21.78 | $286.16 | x |
| 2001-12-31 | $20.31 | $286.16 | x |
| 2002-12-31 | $21.06 | $286.16 | x |
| 2003-12-31 | $22.46 | $286.16 | x |
| 2004-12-31 | $37.06 | $286.16 | x |
| 2005-12-31 | $30.14 | $286.16 | x |
| 2006-12-31 | $32.40 | $286.16 | x |
| 2007-12-31 | $35.76 | $286.16 | x |
| 2008-12-31 | $46.29 | $286.16 | x |
| 2009-12-31 | $42.62 | $286.16 | x |
| 2010-12-31 | $44.28 | $286.16 | x |
| 2011-12-31 | $46.83 | $286.16 | x |
| 2012-12-31 | $53.39 | $286.16 | x |
| 2013-12-31 | $55.35 | $286.16 | x |
| 2014-12-31 | $61.02 | $286.16 | x |
| 2015-12-31 | $65.58 | $286.16 | x |
| 2016-12-31 | $69.64 | $286.16 | x |
| 2017-12-31 | $71.49 | $286.16 | x |
| 2018-12-31 | $75.14 | $286.16 | x |
| 2019-12-31 | $80.90 | $286.16 | x |
| 2020-12-31 | $90.48 | $286.16 | x |
| 2021-12-31 | $97.18 | $286.16 | x |
| 2022-12-31 | $98.43 | $286.16 | x |
| 2023-12-31 | $111.41 | $286.16 | x |
| 2024-12-31 | $119.75 | $286.16 | x |
| 2025-12-31 | $129.73 | $286.16 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently JPMorgan Chase & Co utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 15.74%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 20.35%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 12.21x
- Recent ROE (15.74%) is above the historical average (11.03%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1989 | -13.01% | -5.86% | 0.12x | 19.30x | $-852.70 Million |
| 1990 | 7.45% | 3.66% | 0.11x | 18.69x | $-99.50 Million |
| 1991 | 2.12% | 1.09% | 0.10x | 19.08x | $-574.10 Million |
| 1992 | 11.02% | 8.92% | 0.09x | 14.18x | $100.90 Million |
| 1993 | 14.37% | 12.91% | 0.08x | 13.43x | $487.60 Million |
| 1994 | 12.08% | 10.20% | 0.07x | 16.00x | $222.80 Million |
| 1995 | 24.84% | 11.22% | 0.14x | 15.36x | $1.77 Billion |
| 1996 | 11.72% | 8.97% | 0.08x | 16.01x | $361.60 Million |
| 1997 | 17.05% | 12.19% | 0.08x | 16.81x | $1.53 Billion |
| 1998 | 15.87% | 11.68% | 0.09x | 15.35x | $1.40 Billion |
| 1999 | 31.76% | 14.47% | 0.13x | 17.20x | $5.14 Billion |
| 2000 | 13.35% | 9.53% | 0.08x | 16.68x | $1.44 Billion |
| 2001 | 4.12% | 3.36% | 0.07x | 16.88x | $-2.42 Billion |
| 2002 | 3.93% | 3.83% | 0.06x | 17.94x | $-2.57 Billion |
| 2003 | 14.56% | 15.15% | 0.06x | 16.70x | $2.10 Billion |
| 2004 | 4.23% | 7.93% | 0.05x | 10.95x | $-6.10 Billion |
| 2005 | 7.91% | 10.63% | 0.07x | 11.18x | $-2.24 Billion |
| 2006 | 12.47% | 14.46% | 0.07x | 11.67x | $2.87 Billion |
| 2007 | 12.47% | 13.21% | 0.07x | 12.68x | $3.04 Billion |
| 2008 | 3.36% | 5.52% | 0.05x | 13.03x | $-11.08 Billion |
| 2009 | 6.06% | 8.67% | 0.06x | 12.29x | $-6.51 Billion |
| 2010 | 9.32% | 14.21% | 0.05x | 12.02x | $-1.20 Billion |
| 2011 | 9.91% | 16.42% | 0.05x | 12.34x | $-160.30 Million |
| 2012 | 10.06% | 19.00% | 0.05x | 11.56x | $123.10 Million |
| 2013 | 8.47% | 16.76% | 0.04x | 11.44x | $-3.23 Billion |
| 2014 | 9.38% | 21.11% | 0.04x | 11.10x | $-1.43 Billion |
| 2015 | 9.87% | 24.20% | 0.04x | 9.50x | $-315.30 Million |
| 2016 | 9.73% | 23.25% | 0.04x | 9.80x | $-686.00 Million |
| 2017 | 9.56% | 21.33% | 0.05x | 9.91x | $-1.13 Billion |
| 2018 | 12.66% | 25.01% | 0.05x | 10.22x | $6.82 Billion |
| 2019 | 13.94% | 25.56% | 0.05x | 10.28x | $10.30 Billion |
| 2020 | 10.43% | 22.44% | 0.04x | 12.12x | $1.20 Billion |
| 2021 | 16.43% | 37.99% | 0.03x | 12.73x | $18.92 Billion |
| 2022 | 12.89% | 24.49% | 0.04x | 12.54x | $8.44 Billion |
| 2023 | 15.11% | 20.97% | 0.06x | 11.82x | $16.76 Billion |
| 2024 | 16.96% | 21.59% | 0.07x | 11.61x | $24.00 Billion |
| 2025 | 15.74% | 20.35% | 0.06x | 12.21x | $20.80 Billion |
Industry Comparison
This section compares JPMorgan Chase & Co's net assets metrics with peer companies in the Banks - Diversified industry.
Industry Context
- Industry: Banks - Diversified
- Average net assets among peers: $245,254,219,103
- Average return on equity (ROE) among peers: 10.10%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| JPMorgan Chase & Co (JPM) | $362.44 Billion | -13.01% | 11.21x | $767.72 Billion |
| ABN AMRO Bank N.V (AAVMY) | $27.04 Billion | 8.33% | 14.28x | $11.03 Billion |
| Agricultural Bank of China PK (ACGBY) | $290.54 Billion | 17.72% | 23.14x | $259.69 Billion |
| ANZ Group Holdings Limited (ANZGY) | $70.02 Billion | 10.15% | 14.79x | $48.69 Billion |
| Bank of America Corp (BAC) | $270.07 Billion | 11.84% | 10.74x | $336.44 Billion |
| Bank of China Ltd H (BACHF) | $861.54 Billion | 16.21% | 13.72x | $77.92 Billion |
| Banco Bilbao Vizcaya Argentaria S.A (BBVXF) | $4.73 Billion | 9.43% | 14.29x | $81.72 Billion |
| Banco Santander S.A (BCDRF) | $73.87 Billion | 12.11% | 14.03x | $86.81 Billion |
| Barclays PLC (BCLYF) | $808.57 Billion | 0.43% | 0.14x | $42.51 Billion |
| Bancorp. of Southern Indiana (BCSO) | $46.62 Million | 6.99% | 9.62x | $74.68 Million |
| The Bank of New York Mellon Corporation (BK) | $46.12 Billion | 7.84% | 9.18x | $79.06 Billion |