JPM vs MS vs USB Stock Comparison

Jpmorgan Chase, Morgan Stanley and Us Bancorp \De\ Prices as of Oct 27, 2026 Peers: Industry group
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JPM Jpmorgan Chase & Co
$335.78 -2.1% 1M +10.4% 1Y
Market cap
$912.63B
P/E
14.1x
Revenue (TTM)
$203.15B
Div. yield
–
Money Center Banks Financial Services
3 wins
MS Morgan Stanley
$186.98 -4.7% 1M +12.6% 1Y
Market cap
$295.97B
P/E
14.9x
Revenue (TTM)
$80.16B
Div. yield
–
Money Center Banks Financial Services
2 wins
USB Us Bancorp \De\
$59.75 +0.7% 1M +25.0% 1Y
Market cap
$92.67B
P/E
11.9x
Revenue (TTM)
$29.58B
Div. yield
0.03%
Money Center Banks Financial Services
3 wins

Head to Head

8 decided of 12

Jpmorgan Chase leads on 3 of the 12 questions below (Jpmorgan Chase 3, Us Bancorp \De\ 3, Morgan Stanley 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionJPMMSUSBLeader
Larger companyMarket capitalisation $912.63B $295.97B $92.67B JPM
Cheaper on earningsLower P/E, profitable companies only 14.1x 14.9x 11.9x USB
Cheaper on forward earningsLower price / next fiscal year consensus EPS 13.9x 13.7x 11.6x USB
Faster revenue growthRevenue growth, trailing twelve months +13.2% +16.2% +6.7% MS
More profitableNet margin, trailing twelve months — — 26.4% –
Better return on capitalReturn on invested capital — — 12.6% –
Less leveragedLower net debt / EBITDA — — 3.8x –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.03% –
Better 1-year returnPrice return, last 12 months +10.4% +12.6% +25.0% USB
Better 5-year returnAnnualised price return, 5 years +14.5%/yr +12.8%/yr -0.4%/yr JPM
Less volatileAnnualised volatility, 1 year 22.1% 28.4% 22.2% JPM
Higher overall scoreMean of the five percentile scores vs peers 34/100 53/100 48/100 MS

Percentile Scorecard

JPMMSUSB

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisJPMMSUSB
Valuation 8 #331 of 360 31 #248 of 360 42 #210 of 360
Growth 72 #55 of 191 94 #13 of 191 50 #97 of 191
Profitability – – 80 #34 of 168
Financial Health – – 12 #154 of 175
Shareholder Returns 22 #267 of 341 34 #225 of 341 54 #156 of 341
Overall 34 53 48
  • JPM ranked among 368 companies in Banking
  • MS ranked among 368 companies in Banking
  • USB ranked among 368 companies in Banking

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodJPMMSUSBSPY
1 month -2.1%-4.7%+0.7% -0.2%
3 months -6.0%-11.6%-7.3% +3.9%
6 months +7.8%-1.8%+6.3% +8.2%
Year to date +4.2%+5.3%+12.0% +12.9%
1 year +10.4%+12.6%+25.0% +12.3%
3 years +147.5%+165.6%+95.0% +87.4%
3 years, per year +35.3%+38.5%+25.0% +23.3%
5 years +97.1%+82.4%-1.9% +67.9%
5 years, per year +14.5%+12.8%-0.4% +10.9%
10 years +385.0%+452.9%+33.7% +261.1%
10 years, per year +17.1%+18.7%+2.9% +13.7%

Risk

MeasureJPMMSUSBSPY
Volatility, 1Y 22.1%28.4%22.2% 12.7%
Downside volatility, 1Y 23.8%29.8%23.2% 12.7%
Beta vs S&P 500, 1Y 0.731.420.61 1.00
Return / volatility, 1Y 0.470.441.13 0.97
Max drawdown, 5Y -40.2%-35.3%-54.7% -25.4%
From 52-week high -8.1%-18.2%-8.7% -1.2%
52-week high $365.23$228.55$65.41 $779.14
52-week low $282.84$154.37$45.47 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleJPMMSUSB
P/E now vs peer median 13.9xmedian 12.1x 14.6xmedian 12.1x 11.9xmedian 12.1x
P/S now vs peer median 4.4xmedian 3.4x 3.7xmedian 3.4x 3.1xmedian 3.4x
EV/EBITDA now vs peer median —median 5.0x —median 5.0x 7.5xmedian 5.0x
P/FCF now vs peer median -5.5xmedian 10.9x -16.3xmedian 10.9x 7.4xmedian 10.9x
P/B now vs peer median 2.4xmedian 1.2x —median 1.2x 1.4xmedian 1.2x
PEG now vs peer median 1.11median 1.34 0.47median 1.34 0.98median 1.34

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsJPMMSUSB
Revenue $203.15B $80.16B $29.58B
Net income – – $8.17B
Free cash flow – – $12.53B
EPS (diluted) $24.09 $12.65 $5.01
Total debt – – $96.01B
Shares (diluted) 2.69B 1.57B 1.56B
Enterprise value $912.63B $295.97B $92.67B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricJPMMSUSB
P/E 13.9x 14.6x 11.9x
P/FCF -5.5x -16.3x 7.4x
P/Operating cash flow – – 7.4x
P/S 4.4x 3.7x 3.1x
P/B 2.4x – 1.4x
P/Tangible book 2.4x – 1.5x
EV/EBITDA – – 7.5x
EV/EBIT – – 7.8x
EV/Revenue 4.4x 3.7x 6.4x
EV/FCF – – 15.1x
EV/Operating cash flow – – 15.1x
PEG (3Y EPS CAGR) 1.11 0.47 0.98

Growth

14 metrics
MetricJPMMSUSB
Revenue growth (1Y) 13.2% 16.2% 6.7%
Revenue CAGR (3Y) 9.7% 14.1% 3.2%
Gross profit growth (1Y) – – –
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) – – –
Operating income CAGR (3Y) – – –
Net income growth (1Y) – – 18.4%
Net income CAGR (3Y) – – 12.1%
EPS growth (1Y) 17.7% 29.2% 19.9%
EPS CAGR (3Y) 12.6% 30.9% 12.2%
Operating cash flow growth (1Y) – – 68.8%
Operating cash flow CAGR (3Y) – – -4.9%
Free cash flow growth (1Y) – – 68.8%
Free cash flow CAGR (3Y) – – -4.9%

Profitability

14 metrics
MetricJPMMSUSB
Gross margin – – –
EBITDA margin – – 85.2%
Operating margin – – –
Pretax margin – – 34.5%
Net margin – – 26.4%
FCF margin – – 42.3%
Operating cash flow margin – – 42.3%
Return on equity – – 12.2%
Return on assets – 1.2% 1.1%
Return on invested capital – – 12.6%
Return on capital employed – – –
Asset turnover 0.0x 0.0x 0.0x
Cash conversion (OCF / net income) – – 1.5x
Stock comp / revenue – – –

Financial Health

11 metrics
MetricJPMMSUSB
Debt / assets – – 13.2%
Debt / equity – – 1.4x
Net debt / EBITDA – – 3.8x
Debt / FCF – – 7.7x
Liabilities / assets 92.7% – 90.6%
Equity / assets 7.3% – 9.4%
Interest coverage – – 1.7x
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricJPMMSUSB
Dividend yield 1.8% 2.2% 3.5%
Net buyback yield – – 0.7%
Shareholder yield 1.8% 2.2% 4.2%
Payout ratio (earnings) – – 39.5%
Payout ratio (FCF) – – 25.7%
Dividend growth (1Y) – – 3.2%
Dividend CAGR (3Y) – – 3.8%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusJPMMSUSB
Forward P/E 13.9xFY2026 13.7xFY2026 11.6xFY2026
EPS, next fiscal year $24.14FY2026 $13.66FY2026 $5.17FY2026
EPS growth, next FY +20.6%FY2026 +33.8%FY2026 +11.9%FY2026
EPS growth, the year after +2.7% -4.2% +18.8%
Revenue, next fiscal year $213.87BFY2026 $80.05BFY2026 $30.11BFY2026
Revenue growth, next FY +17.2%FY2026 +13.3%FY2026 +5.1%FY2026
Revenue growth, the year after -2.4% +13.3% +16.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersJPMMSUSB
Held by institutions 73.0% 85.7% 81.6%
Institutions holding 5,083 2,742 2,068
Change in shares held, QoQ +1.1% +1.5% +2.1%
Institutions buying 2,487 1,468 965
Institutions selling 2,061 939 760
Buyers to sellers 1.21 1.56 1.27

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

JPMMSUSB
JPM 1.00 0.62 0.64
MS 0.62 1.00 0.52
USB 0.64 0.52 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, JPM, MS and USB?

Jpmorgan Chase (JPM) is the largest by market capitalisation: Jpmorgan Chase (JPM) $912.63B, Morgan Stanley (MS) $295.97B, Us Bancorp \De\ (USB) $92.67B.

Which stock is cheaper, JPM, MS and USB?

Us Bancorp \De\ (USB) trades on the lowest price-to-earnings ratio (Jpmorgan Chase (JPM) 14.1x, Morgan Stanley (MS) 14.9x, Us Bancorp \De\ (USB) 11.9x). On next year's consensus earnings, Us Bancorp \De\ (USB) is cheapest (Jpmorgan Chase (JPM) 13.9x, Morgan Stanley (MS) 13.7x, Us Bancorp \De\ (USB) 11.6x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Morgan Stanley (MS) grew revenue fastest over the trailing twelve months: Jpmorgan Chase (JPM) +13.2%, Morgan Stanley (MS) +16.2%, Us Bancorp \De\ (USB) +6.7%.

Which stock has performed better?

Over the past year Us Bancorp \De\ (USB) returned the most: Jpmorgan Chase (JPM) +10.4%, Morgan Stanley (MS) +12.6%, Us Bancorp \De\ (USB) +25.0%. Over five years, Jpmorgan Chase (JPM) compounded fastest (Jpmorgan Chase (JPM) +14.5%/yr, Morgan Stanley (MS) +12.8%/yr, Us Bancorp \De\ (USB) -0.4%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Jpmorgan Chase (JPM) 0.00%, Morgan Stanley (MS) 0.00%, Us Bancorp \De\ (USB) 0.03%. Jpmorgan Chase (JPM) and Morgan Stanley (MS) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Jpmorgan Chase (JPM) has been the steadiest (Jpmorgan Chase (JPM) 22.1%, Morgan Stanley (MS) 28.4%, Us Bancorp \De\ (USB) 22.2%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, JPM, MS and USB?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Jpmorgan Chase (JPM) leads on 3. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.